Acuity Brands Gains on Earnings; Should You Join In?
Building systems maker Acuity Brands (AYI) recently released its earnings report. The news was good by all accounts. However, success for Acuity here will depend on a lot of things going just right, and that''s usually not a strategy to count on succeeding. Therefore, I''m neutral on AYI and will not be joining in on buying the stock. While Acuity is somewhat narrow in its focus—it mainly produces systems in lighting controls and building management operations—it still has a decent value proposition, going forward. With a few minor adjustments to its marketing, it may be able to position itself well going into a likely recession.
Acuity Brands Gains on Earnings; Should You Join In?
Building systems maker Acuity Brands (AYI) recently released its earnings report. The news was good by all accounts. However, success for Acuity here will depend on a lot of things going just right, and that''s usually not a strategy to count on succeeding. Therefore, I''m neutral on AYI and will not be joining in on buying the stock. While Acuity is somewhat narrow in its focus—it mainly produces systems in lighting controls and building management operations—it still has a decent value proposition, going forward. With a few minor adjustments to its marketing, it may be able to position itself well going into a likely recession.