Opinions
Gordon Reid
Masonite International Corp
DOOR-N
PAST TOP PICK
Jun 07, 2018
$69.000
Stock price when the opinion was issued
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PAST TOP PICK
(A Top Pick Nov 9/15. Down 7.21%.) A beneficiary of a recovering US housing market. One of the 2 leading companies in selling doors. Generally, the business has been performing well and continuing to grow. He still thinks the trend over the next few years is higher, and that this company will benefit.
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TOP PICK
Makes exterior and interior residential and commercial doors. They are in 65 countries around the world. If you are a believer in the increasing home ownership globally, and in the US in particular, and household formations improving and increasing, this company should do well. Their margins are improving, which is always a good thing. (Analysts’ price target is $85.)
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BUY
Trades at a reasonable PE, because it's related to the housing industry, which is in a recession. Don't confuse this housing recession with the one in 2008-9--very different. Building on spec has changed dramatically, and there's been chronic underinvestment in the U.S. in the past 15 years that isn't meeting population growth and immigration. So, DOOR is well-positioned in the next 5-10 years. Can grow earnings 50-60% in coming years.
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(A Top Pick Jun. 21'17, Down 7%) It is going to benefit from the growing need for housing and renovation around the world. We are still not satisfying population growth in the US. 8-9 times earnings. There is lots of opportunity as the housing market develops. The housing cycle is not coming to an end.