For a long time, it was a great performing conglomerate. Even though it is broadly based, it is still viewed by investors as a housing type of stock. With that market softening, the stock has not been a good performer.
Their big competitor, Constellation Brands (STZ-N) came out with some pretty disappointing news. A lot of people are really cutting back. Not sure if he likes this as a recession play anymore.
Primarily a drink company (bourbon)but also had other companies that it sold for about $1 billion as well as spinning off some others to shareholders. This will give clarity to their value. Could be acquired by a major company.