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Though a relatively strong Q4 earnings performance, a lack of cash flow and new Weighted Average Cost of Capital ("WACC") and Discounted Cash Flow ("DCF") assumptions indicate a "Hold" for AYI, after I previously rated it a "Strong Buy".
Analyst’s Disclosure:I/we have a beneficial long position in the shares of AYI either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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