Enjoyed reading your article on ATKR. I have followed the stock and agree with your assessment that the headwinds are temporary. I have been trying to determine where their downward revisions may trough. Any thoughts on this today, if you are still following the name?
I do have it on a watch list but it hasn't quite gotten low enough for me to start looking again. I do see non-residential spend YoY continues to decelerate which isn't a great sign. That likely means things will be rough for most of 2025. The catalyst might be rates coming down and construction projects ramping back up so the end of 2025 might be the inflection point.
Just thoughts here though. It is hard to pin point!
Enjoyed reading your article on ATKR. I have followed the stock and agree with your assessment that the headwinds are temporary. I have been trying to determine where their downward revisions may trough. Any thoughts on this today, if you are still following the name?
I do have it on a watch list but it hasn't quite gotten low enough for me to start looking again. I do see non-residential spend YoY continues to decelerate which isn't a great sign. That likely means things will be rough for most of 2025. The catalyst might be rates coming down and construction projects ramping back up so the end of 2025 might be the inflection point.
Just thoughts here though. It is hard to pin point!