|Company name||Patrick Industries, Inc.|
|Live stock price||[stckqut]PATK[/stckqut]|
|P/E compared to competitors||Good|
|Confident Investor Rating||Good|
|Target stock price (TWCA growth scenario)||$74.24|
|Target stock price (averages with growth)||$51.88|
|Target stock price (averages with no growth)||$51.88|
|Target stock price (manual assumptions)||$60.67|
The following company description is from Reuters: https://www.reuters.com/finance/stocks/company-profile/patk
Patrick Industries, Inc. (Patrick), incorporated on January 3, 1961, is a manufacturer of component products and distributor of building products and materials for the recreational vehicle (RV) and manufactured housing (MH) industrial markets for customers throughout the United States and Canada. In addition, the Company is a supplier to certain other industrial markets, such as kitchen cabinet, office and household furniture, fixtures and commercial furnishings, marine, and other industrial markets. The Company operates in two segments: Manufacturing and Distribution. The Company manufactures a range of products, which include decorative vinyl and paper laminated panels, solid surface, granite and quartz countertops, fabricated aluminum products, wrapped vinyl, paper and hardwood profile mouldings, slide-out trim and fascia, cabinet doors and components, hardwood furniture, fiberglass bath fixtures, fiberglass and plastic component products including front and rear caps and marine helms, softwoods lumber, interior passage doors, RV painting, and slotwall panels and components, among others. As of December 31, 2016, the Company maintained 56 manufacturing plants and 22 warehouse and distribution facilities in 16 states
Confident Investor comments: At this price and at this time, I think that a Confident Investor can confidently invest in Patrick Industries, Inc. as long as the indicators that I describe in my book The Confident Investor are favorable.
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