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Mohawk Industries: Winner In The Long Run

May 04, 2023 4:14 AM ETMohawk Industries, Inc. (MHK)1 Comment
GrowthInvesting profile picture


  • MHK recently announced its Q1 FY23 results with declining net sales and income.
  • Short-term headwinds might hamper its growth, but in the long run, MHK has great growth potential.
  • The technical setup is excellent, and the valuation also looks fine.
  • I assign a hold rating on MHK.

Abstract white pedestal podium stands in the white room

s-cphoto/iStock via Getty Images

Mohawk Industries (NYSE:MHK) manufactures and distributes flooring products for residential remodeling and new construction channels globally. They operate in three segments: Flooring North America, Global Ceramic, and Flooring Rest of the World. In the global ceramic segment, they offer ceramic tile, natural

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I am an active investment banker with more than 15 years of experience in the equity markets. I specialize in long term equity investments. My goal is to provide the investors with strategic investment opportunities in the equity and debt market.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. 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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Comments (1)

OverTheHorizon profile picture
Tied to housing:

“Mortgage demand drops as bank failures hit jumbo loan rates“
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