July 2, 2024

Sell Core & Main (CNM)

Our position in Core & Main (CNM) has struggled since we took a swing at it just a few weeks ago, so I’m going to cut it loose today. SELL

I’ll also boot TopBuild (BLD) from our Watch List.

Stepping back, we’re seeing a mixed bag of performance in the building materials and construction-related space, with HVAC-related equipment and service providers seeming like one of the remaining strongholds performance-wise. Lennox International (LII) is an example here. We may get involved in the space with that angle, at some point.

Tyler Laundon

Tyler Laundon is chief analyst of the limited-subscription advisory, Cabot Small-Cap Confidential and grand slam advisory Cabot Early Opportunities. He has spent his entire career managing, consulting and analyzing start-up and small-cap companies. His hands-on experience has taught Tyler that the development of a superior business model is the biggest factor in determining a company’s long-term success. Accordingly, his research focuses on assessing the viability of management’s growth strategies, trends in addressable markets and achievement of major developmental milestones.