UFP Industries: Long-Term Growth Still Intact

Prasanna Rajagopal
1.13K Followers

Summary

  • UFP Industries faces a tough start to 2023 with a double-digit revenue decline.
  • The company has a strong balance sheet and can pay its dividends.
  • The stock looks undervalued, but investors should consider buying the stock during market volatility.

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UFP Industries (NASDAQ:UFPI) is well-managed, with a strong balance sheet and good long-term growth prospects. The company faces short-term headwinds to revenue and profits in 2023. The company's valuation will increase considerably if it consistently achieves a 7% or higher free cash

This article was written by

1.13K Followers
Prasanna Rajagopal comes with in-depth knowledge of the technology industry, having spent over 15 years in various sectors of the software industry. Prasanna loves to learn and write about business and investment opportunities in technology, media, retail, and industrial companies. Prasanna has a M.B.A. from UCLA Anderson School of Management, a M.S. in Industrial Engineering from Wichita State University and a Bachelor's degree in Mechanical Engineering from University of Madras.

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