Alexander & Baldwin: Positive On Unchanged Guidance And Long-Term Drivers

The Value Pendulum
Investing Group Leader

Summary

  • Alexander & Baldwin has maintained the company's financial guidance for 2023, which is supported by the strength in Hawaii's economy.
  • In the intermediate to long term, new tenants and acquisitions are expected to be the key growth drivers for ALEX.
  • I keep my Buy rating for Alexander & Baldwin unchanged, as I have a favorable view of ALEX's unchanged 2023 guidance, the company's organic and inorganic growth drivers.
  • Looking for more investing ideas like this one? Get them exclusively at Asia Value & Moat Stocks. Learn More »

the Pacific ocean, Honolulu Hawaii United States with the altitude of the drone

PPicasso/iStock via Getty Images

Elevator Pitch

I continue to rate Alexander & Baldwin, Inc.'s (NYSE:ALEX) stock as a Buy.

My earlier write-up for ALEX published on March 7, 2023 touched on Alexander & Baldwin's proposed divestment of its non-core infrastructure business, which I

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This article was written by

The Value Pendulum
12.78K Followers

The Value Pendulum is an Asian equity market specialist with over a decade of experience on both the buy and sell sides.

He is the author of the investing group Asia Value & Moat Stocks, providing ideas for value investors seeking investment opportunities listed in Asia, with a particular focus on the Hong Kong market. He hunts for deep value balance sheet bargains and wide moat stocks and provides a range of watch lists with monthly updates within his investing group.

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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