Posted on July 1, 2021
We’re going back now, friends – WAY BACK – to our old friends at Generac Holdings Inc. (NYSE:GNRC), a company that, for some reason, people consider a TECH stock.
Generac sells generators, large and small, for every type of customer.
And they’re headquartered in Wisconsin.
Good old Wisconsin, where folks are wholesome and honest.
For those who are paying attention, we’ve already made two huge swipes with GNRC, once back in November of last year for a stupendously quick 575%.
And a second just two weeks ago for a gain of 196%.
In other words, this guy is a money-printing machine, and the G-d of Abraham, Isaac and Jacob has apparently willed it to be so.
At least until now.
That’s the question we’re intending to answer.
And if we have to dig through reruns of high school television dramas from the 1970’s then that’s exactly what we’ll do.
Now to the fundamentals.
Now, the company is making money, that’s for certain.
But does it justify today’s stock price?
We’d say no.
And the charts would concur.
The G-d of Israel will decide.
Many happy returns,