Opinions
Jim Cramer - Mad Money
Encore Wire
WIRE-Q
DON'T BUY
Nov 01, 2021
It's been up and down since day on. It's not up and parabolic--and he won't recommend it because it's too risky.
$140.200
Stock price when the opinion was issued
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BUY ON WEAKNESS
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research.
WIRE is still up 17% YTD and 51% over 52 weeks.
It is cheap at 7X earnings but lower earnings are expected this year. It has no debt and $730M cash.
Free cash flow is nice $540M last year). Insiders own 5% and there has been some buying.
The last quarter was a very strong 'beat' and it has shown pretty consistent growth over the last decade.
It is cyclical, and there is a 12% short interest, but we like what we see here at the current valuation.
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