Google translate is pretty good! I am particularly interested by distribution business, especially distribution business that are addressing the need of restoration, repair, inprovement so non cyclical. My next few write-up will be related to those. I am also watching closely Q1 results of US banks, this should come out in 1-2 weeks. There are good value there. I have followed banks for a very long time.
I am keen to see how the Q1 results will be tomorrow. Will be interesting to see what the impact of the macro economic uncertainty has Richelieu (i suspect it will be limited, although Q1 is typically worst quarter due to seasonality)
I would guess good top line growth numbers but reduction in margin.. due to inventory. I am not too concerned, expectation is low. See how Ferguson $FERG, are faring, the Streets is scared of the drop in construction. Thus the bargain. Time to take the long view a buy quality stock.
Yes, exactly as anticipated - good results though in my opinion, strong revenue growth + margins as anticipated. Keen to hear if you are currently invested in RCH and/or what your potential entry point would be. Do you also have any other Canadian companies in your portfolio/know of any attractive ones?
This is a large position for me I restarted buying at 32 up till 37 this is a good entry stocks trades much higher than 12x historically - logistec is my largest Canadian position - i have 4 post on it
Great please link your post here in the comments so that readers can access your post. Also if they are some info that are not aligned or you still have some questions feel free to add I will try to address in Part3
I don't think your readers want to read write-ups in French. Do you have other companies under your watch that you are preparing to analyze in the future? I am always on the lookout for Canadian small and mid caps.
Google translate is pretty good! I am particularly interested by distribution business, especially distribution business that are addressing the need of restoration, repair, inprovement so non cyclical. My next few write-up will be related to those. I am also watching closely Q1 results of US banks, this should come out in 1-2 weeks. There are good value there. I have followed banks for a very long time.
Again, excellent write up. Great information on the competitors - thank you!
Although your research is of higher quality I recently wrote a summary on RCH myslef too linked below if interested https://clearviewequityresearch.substack.com/p/richelieu-hardware-tsx-rch-deep-dive
I am glad you also think that this is a bargain under-followed stock
I am keen to see how the Q1 results will be tomorrow. Will be interesting to see what the impact of the macro economic uncertainty has Richelieu (i suspect it will be limited, although Q1 is typically worst quarter due to seasonality)
I would guess good top line growth numbers but reduction in margin.. due to inventory. I am not too concerned, expectation is low. See how Ferguson $FERG, are faring, the Streets is scared of the drop in construction. Thus the bargain. Time to take the long view a buy quality stock.
Yes, exactly as anticipated - good results though in my opinion, strong revenue growth + margins as anticipated. Keen to hear if you are currently invested in RCH and/or what your potential entry point would be. Do you also have any other Canadian companies in your portfolio/know of any attractive ones?
This is a large position for me I restarted buying at 32 up till 37 this is a good entry stocks trades much higher than 12x historically - logistec is my largest Canadian position - i have 4 post on it
Good job with your write-ups. We cover the same company, it's good to get more information from another analyst. Thank you for your sharing.
Great please link your post here in the comments so that readers can access your post. Also if they are some info that are not aligned or you still have some questions feel free to add I will try to address in Part3
I don't think your readers want to read write-ups in French. Do you have other companies under your watch that you are preparing to analyze in the future? I am always on the lookout for Canadian small and mid caps.
Another risk is the post covid effect to be covered in the next part