The market expects too much of Sherwin-Williams.
New management is taking the company in the right direction, and Amcor has made a generous offer.
We think the market’s overreaction provides an entry point for long-term investors.
Our bearish view on the mining and metals sector means the basic materials coverage universe trades at a market-cap-weighted 30% premium to our fair value estimates.
Falling unemployment and rising wages are poised to stimulate household formation among younger adults.
Stronger household formation by millennials is key.
Lumber producers Canfor and West Fraser and homebuilder PulteGroup remain undervalued.