Griffon (GFF)

It is a specialty manufacturer of doors. He likes it and owns it in their small cap fund. It has been quite consistent but can also be somewhat volatile like other small caps.

Plays into infrastructure bills passed by Congress. Trillions of dollars are pouring into opportunities. Construction side has ~55% market share and growing about 10-12% a year. Likes the trend. The consumer side is, literally, picks and shovels :)  But that side isn't doing as well. Trades inexpensively ~12-13x PE. 

Sensitive to interest rates. The housing market has frozen which will freeze GFF. As long-term holder, wait for a better environment. But if you believe rates will stay high (higher inflation), sell this, but he doesn't believe. Rather, rates will continue to come down.

A small cap making homebuilding products like garage doors. A play on homebuilding; there's a housing shortage. Low PE, but profitable.