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Is JLG a good investment going forward?

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Is JLG a good investment going forward?

I have been a long term subscriber to your very good insights and it is all most impossible to always get it right. This stock "JLG" has dropped approx. 35% since your review. Does your business case to purchase this stock still justify holding this stock? Also, what is your PT for this stock after its correction of approx. 35%

Answer

Hi David,

We have a 3% weighting in JLG before this week’s large decline, and we intend to increase that next week, averaging into the weakness. We think the sell-off that played out was overdone relative to their result. We still think our original thesis stacks up, and we are targeting a move back over $5.

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Johns Lyng Group (JLG)
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