Hedgeye CEO Keith McCullough is adding Armstrong World Industries (AWI) to the long side of Investing Ideas. Below is a brief note.
Here's a good example of what I wrote in the STKL alert. A name (AWI) that Industrials analyst Jay Van Sciver has on his Industrials Pro Best Ideas Long List, that is down on #decelerating volume today...
Jay has had a heck of a year finding names that aren't on the radar of consensus - here's an introductory excerpt to what got him into Armstrong World Industries (AWI):
AWI | Moving To Best Ideas Long
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As discussed in our September 17th black book (we planned to add AWI as a Best Ideas Long after 3Q20 earnings. Given that we are now past that problematic earnings report and, presumably, have visibility to the easing of some pandemic pressures on non-residential spaces, we’ll complete the move. AWI is an exceptionally good franchise within building products and this market failed to recover (much) from the GFC lows. |
Don’t chase. Buyem on red. Playing The Game is better that way,
KM
