No. of Recommendations: 9
My limit order for Carlisle Co. (CSL) triggered today. I've followed the company for about 25 years, and it's been in and out of my portfolio at various times.
Most of the company's revenues come from roofing products, esp. the rubber membrane stuff for flat-roof, mostly commercial buildings, and building wrap materials. It also has a sideline in aircraft wiring products. Over the years the company has added and divested an array of small businesses in such lines as tires, brake parts, food service equipment, etc. More recently, acquisitions have become more focused. Either way, management has a long track record of growing cash flow and earnings, and CSL has even outperformed BRK over various decent time spans.
The stock has gotten beaten down along with those of the entire construction industry lately and is currently trading at the low end of its historic EPS multiple, at approx. 11x projected 2023 EPS. I note that even if new construction slows a lot, roofs still need to be replaced, and this is esp. true if hurricanes become more commonplace. Some Carlisle products are manufactured in China, but a lot is still produced in the US.
https://www.carlisle.com/Home/default.aspx 