Opinions
Gordon Reid
Griffon
GFF-N
BUY
Mar 18, 2025
$69.820
Stock price when the opinion was issued
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(A Top Pick Sep 17/24, Up 16%)
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.
INDUSTRIAL PRODUCTS
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.