Apogee Enterprises: Being Its Own Architect Of Its Revival

(9min)

Summary

  • Apogee Enterprises has shown impressive margin improvements, as a current 14 times earnings multiple remains quite appealing.
  • The company has grown through strategic initiatives like Project Fortify and a $240 million acquisition of UW Solutions, enhancing its earnings power.
  • Following a recent 20% pullback in its share price, Apogee's strong financials and manageable debt make it a compelling buy on further dips into the $60s.
  • With anticipated earnings growth and a solid balance sheet, I am increasingly confident in Apogee's potential and looking to invest at lower levels.
  • Looking for more investing ideas like this one? Get them exclusively at Value In Corporate Events. Learn More »

Taking a break

Henrik Sorensen

In April, I observed that shares of Apogee Enterprises (NASDAQ:APOG) were testing the highs, as the company came through and delivered on margin gains. Believing 12–13 times earning multiple was quite attractive, I was upbeat but was not yet sold

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This article was written by

26.8K Followers

The Value Investor has a Master of Science with specialization in financial markets and a decade of experience tracking companies via catalytic company events.

As the leader of the investing group Value In Corporate Events they provide members with opportunities to capitalize on IPOs, mergers & acquisitions, earnings reports and changes in corporate capital allocation. Coverage includes 10 major events a month with an eye towards finding the best opportunities. Learn more.

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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