Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.
Hi guys, appreciate the work going on. Do you have any updates for Reece - REH? Regards, Simon
Hi Simon,
We’ve been watching REH closely through 2022 as the stock continues to slide lower, around the $18 area we see value returning to the plumbing business although it still cannot be regarded as cheap with a P/E in excess of 31x for 2022 hence we would consider accumulation as opposed to outright buying.
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