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8"UFP Industries, Inc.
(NASDAQ:UFPI) reported third quarter results that fell short of analysts' expectations. The company faced weaker demand and pricing pressure across all business segments"
Source: investing.com
I've had the share on my watchlist for a while.
I find -40% very brutal 👀 🔥
UFP Industries $UFPI (+2.46%)
UFP Industries, Inc. is a holding company whose operating subsidiaries - UFP Packaging, UFP Construction and UFP Retail Solutions - manufacture, distribute and sell a wide variety of value-added products used in residential and commercial construction, packaging and other industrial applications worldwide.
After more than 13 years of transformational leadership and as part of a planned succession strategy Matthew J. MissadChairman and CEO of UFPI, announced that he would be taking on a new role to prepare for the next generation of leadership and usher in a new era of growth for the company. Effective with the start of the new fiscal year on 12/29/2014, Mr. Missad Executive Chairman and William Schwartzthe current President of the company's retail business unit, will become Chief Executive Officer. Chief Financial Officer Michael Cole will assume the title of President of Corporate Services in addition to his current responsibilities to further strengthen the management team.
By the end of 2024 Missad work closely with Schwartz to manage the transition and fill the vacancies created by the promotion. Missad has agreed to remain Executive Chairman until 2026 to support Schwartz in his role as CEO and support him as needed. He will also manage shareholder relations and continue to maintain long-standing customer and supplier relationships.
Missad has been CEO since July 2011. Under his leadership, the company has made significant changes and improvements, including the creation of a new operating structure based on market segments rather than geography. This change has resulted in better alignment with customers, faster decision making and increased focus. Missad also placed greater emphasis on innovation and new products, which increased the company's share of value-added products while dramatically increasing the company's profit margins. Since his appointment as CEO, the company's share price has increased by more than 1500% and the sales have risen from 1.8 billion dollars in 2011 to 7.2 billion dollars in 2023.
Schwartz joined UFP in 1998 as a sales trainee and over the years has held positions of increasing responsibility, including Account Manager, Sales Manager, Regional Sales Manager and Executive Vice President. In 2023, he was appointed President of UFP Retail Solutions, the largest business segment.
UFP Retail Solutions specializes in garden and home products, including brands such as ProWood pressure-treated lumber, Deckorators decking and accessories, and UFP-Edge siding, patterns and trim.
Brief presentation of the next share, which is number 7 in my portfolio.
$UFPI (+2.46%) - UFP Industries
UFP Industries is a holding company that is divided into the following segments.
UFP Construction (house building)
UFP Retail Solutions
UFP Packaging (packaging for automotive and agriculture)
The company has 222 production sites worldwide with more than 15,000 employees.
Each of UFP's segments accounts for about 1/3 of the entire company and is therefore well diversified.
Dividend yield is around 1%
UFP has been increasing the dividend for 11 years, no reduction for 30 years.
Payout (payout from profit) is 13%
Average increase over the last 5 years 25%, over the last 10 years 22%
Market cap 7.0 B
P/E RATIO 13
Source: www.ufpi.com
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If you can come up with any other great companies from the industrial sector and 🇺🇸, please let me know. I am curious.
Company presentations/individual shares/alternative investments and much more. 😉
Presentations:
News about the following companies:
Alimentation Couche-Tard $ATD (+2.6%)
Capital One $COF (+1.16%)
Norwegian Air Shuttle $NAS (+1.36%)
Old Republic International $ORI (+1.98%)
Rollins $ROL (+0.98%)
SoFi Technologies $SOFI (+3.84%)
Union Pacific $UNP (+2.72%)
Alternative Investments:
Recently $UFPI (+2.46%) exited the Tenbagger sub-portfolio. Although the stock has performed very well so far in just 7 months (22% price growth + dividends], the high amount to be paid out as part of the revenue cleanup makes the stock less attractive. Now I have again sold a stock from the Teebagger portfolio: This time, from $NVDA (+1.51%) hit. From the beginning, the stock did not meet the criteria of the investment strategy I follow in this sub-portfolio. It was simply ordered as a result of the polls on Instagram, the community had so decided. However, the whole thing has now run extremely hot. With a of over 100% in 1.5 years, the performance is anything but bad. However, with a P/E ratio at just under 250 and a temporarily negative PEG ratio (price rises extremely, although profits or earnings per share declined), the share does not fit into the investment strategy at all.
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Of course, the share can continue to rise, no question. In particular, the current trend topic "AI" is driving the share up. However, the current profits at least do not justify the valuation. A real teabagger potential is also not realistic here. At a fairer valuation, I can imagine adding the stock to another portfolio again. But only time will tell! :)
I had actually completed the "Tenbagger after Lynch" sub-portfolio with 10 different positions. However, I had previously also communicated that I would like to $UFPI (+2.46%) would like to sell again. The background for this is not that the Unternhehmen or the share runs worse or has reached the end upwards, but solely the high amounts to be paid due to impure income. The share still meets the
the Sharia criteria for Muslim investors, the combination of relatively high impure shares and high turnover makes the share less attractive (purification of impure shares is based on turnover).
Links to the individual sub-portfolios of Public Depot can be found in my profile pinned above.
More details about the above mentioned problems, for example how to pay attention to such points in the stock selection, I have already explained in detail on Patreon:
https://www.patreon.com/posts/81149755?utm_campaign=postshare_creator
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I make myself then again on the search for a potential Tenbagger according to the definition of Lynch 👀 The 10th company is missing again! 😁
This has been a long marathon, finally the sub-portfolio is complete - at least for now. It took us a little longer than a year to reach the intended number of 10 different stocks! 😄
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What do you think about the selection? Would you have replaced one stock with another? 🤔
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At this point, it is worth mentioning that I have already initiated the sale of UFP Industries. The reason for this is not that I am not convinced by the performance, but the "post-treatment" of the return: the income cleaning extremely reduces the return in that case. Lastly, in a Patreon post, I had explained again in detail what you should pay attention to when selecting stocks related to revenue cleansing (note: it is not only the share of impure revenue that matters) 😁
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Do you guys have a replacement candidate for UFP? 🤔
Current tenbagger portfolio:
$FIVE (+2.07%)
$NVDA (+1.51%)
$WCH (-1.14%)
$CPRT (+2.7%)
$TRI (+0.26%)
$BOOT (+3.19%)
$UFPI (+2.46%)
$WSM (-0.96%)
$BILL (-3.43%)
$AMN (+4.68%)
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