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As we approach the halfway mark to 2023, some pundits and financial gurus may tell you that the best plan is to sell in May and go away. Then return to the market in the fall when
Atkore: Another Growth Stock To Consider For The Second Half Recovery
Summary
- Atkore is growing both organically and by acquisition with demand for products accelerating in multiple industries that they serve.
- Strong tailwinds in data center expansion, solar, and digital infrastructure buildout is supporting the growth into 2024 and beyond.
- Currently trading at about 7x forward earnings, the stock offers a buying opportunity ahead of the May 9 earnings report.
Now retired, I am an income-oriented investor seeking high yield income to support my lifestyle in retirement.I became deeply interested in the stock market beginning in late 2007 (bad timing for me but worse for my uncle) when I received an unexpected inheritance. Since that time I have done considerable research and vowed to make smarter long-term investing decisions after suffering through the Great Recession with minimal losses to my inherited portfolio, after firing my financial advisor.I look for mostly dividend paying income stocks and funds (BDCs, REITs, CEFs, ETFs) that offer high yield income to increase my retirement income beyond my pension and Social Security. I also enjoy reading investment/financial and business information and following trends in technology and markets. The human psychology of markets is as fascinating and inscrutable to me as the financial side. I am not a financial advisor so please do your own due diligence before making any buy or sell decisions.“The race is not always to the swift, nor the battle to the strong, but that's the way to bet.” Damon Runyon
Analyst’s Disclosure:I/we have a beneficial long position in the shares of ATKR 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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