Matthews Is A Backlog Story Now

Valkyrie Trading Society
Investing Group Leader

Summary

  • The Q1 2023 results show give and take from a deflationary commodity environment but also lower death rates from the attenuation of the coronavirus.
  • Industrial technologies are mostly seeing growth from consolidation effects, but what matters is that the segment has now created huge backlogs of $200 million.
  • The bet on the renewable and EV thesis by Matthews is already bearing fruit, and it is clear that this market in fact exists and will be a growth area.
  • Matthews continues to be a strong buy.
  • Looking for a helping hand in the market? Members of The Value Lab get exclusive ideas and guidance to navigate any climate. Learn More »

Flowers atop a coffin on display within a hearse at a funeral

Charlie Parker

Published on the Value Lab 1/27/23

Matthews International (NASDAQ:MATW) just reported its earnings. With very pronounced recent appreciation of the MATW stock, the earnings look pretty muted - but that's because MATW proved itself to markets with order backlog. The renewable thesis

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Valkyrie Trading Society
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The Valkyrie Trading Society is a team of analysts sharing high conviction and obscure developed market ideas that are downside limited and likely to generate non-correlated and outsized returns in the context of the current economic environment and forces. They are long-only investors.

They lead the investing group The Value Lab where they offer members a portfolio with real time updates, chat to answer questions 24/7, regular global market news reports, feedback on member stock ideas, new trades monthly, quarterly earnings write-ups, and daily macro opinions.

Analyst’s Disclosure: I/we have a beneficial long position in the shares of MATW 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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