I would never say that the industrial maintenance, repair, and
operations (MRO) space is wildly popular with investors, but analyst
coverage for Grainger (GWW), Fastenal (FAST), Applied Industrial Technologies (AIT), and MSC Industrial (MSM) does at least stretch into the double-digits. By comparison, Lawson Products (LAWS) is barely covered at all.
It
takes more than obscurity to make a bargain, though. To that end, I'm
concerned about the long history of uninspired financial performance
from Lawson, as well as a business model that appears to overlap with
many better-positioned rivals without a true, strong core of
specialization. On the other hand, management is relatively new here and
the MRO market is still scattered enough to let a company like Lawson
grow.
Please click below and read more:
Lawson Products Toils Away In Obscurity
No comments:
Post a Comment