![]() Their entire history of growth was organic, they literally built Encore from the ground up. In 2006 they added armored cable, 2008 industrial cable, and in 2012 aluminum building wire. One year later they added a plastic mill and in 2001 they added circuit wire. In 1992 they expanded into commercial THHN (thermoplastic high heat-resistant nylon) wire and in 1998 they built a copper rod mill and began to recycle copper scrap. ![]() In 1990 they started producing residential (nonmetallic sheathed cable and underground feeder cable) wire. The three of them have since turned the rundown mobile home park into a one campus 450 acre, 3 million square foot wire and cable producing juggernaut. ![]() Their second significant milestone was hiring their now present day CEO, Daniel Jones. I start this research summary off with Encore's history as I believe it leads to the competitive advantage I mention later on in the report and provides clarity into their culture and leadership.Įncore Wire was founded by Vincent Rego and Donald Spurgin when they bought a mobile home park in 1989. This is my research summary meant to answer the question if Encore is still a top 20 stock I want to hold out of our initial subset of 43,000. Encore initially popped up as an investment candidate 1.5 years ago due to the additional earnings in 2021 and consistent stock price increase. Liudmila Chernetska/iStock via Getty Images Encore WIREĮncore is a well-run wire and cable manufacturer that lands in the top 1% of companies ranked on high quality momentum and value, the two metrics I ( HIT Capital) use to find inexpensive and growing companies.
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