MasterBrand Cabinets: Undervalued If The Market Stabilizes
Summary
- MasterBrand Cabinets stock price, similar to AMWD, is down double digits since the early part of 2024.
- While Q1 sales were down sequentially and on a year-over-year basis, it does appear that their end-markets are seeing relatively stable demand on a go-forward basis.
- Should that condition hold, MBC has room for more upside, particularly if they can extract even a small amount of the announced synergies from their newly acquired Superior Cabinetry.
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