Materials
The company experienced a slowdown in its largest business segment, packaging, three quarters ago but is now starting to see an increase in quoting activity. The slowdown did little to pause its tuck-in acquisition strategy, which has expanded the company's size in packaging and aerospace. TRS is on pace to generate earnings growth in 2023 and 33% earnings growth in 2024. The stock is underfollowed and trading near its lows of the last three years even though the business has evolved since then. TP $40 (55% upside).
Edition: 161
- 26 May, 2023