April 17, 2017

Patrick

We feel like a BUYER on the markets.

“It’s waiting that helps you as an investor, and a lot of people just can’t stand to wait.” – Charlie Munger
PATK (ISIN: US7033431039)

Patrick Industries, Inc. (Patrick) is a manufacturer and distributor of building products and materials to the recreational vehicle (RV) and manufactured housing (MH) industries. In addition, it is a supplier to certain other industrial markets, such as kitchen cabinet, household furniture, fixtures and commercial furnishings, marine, and other industrial markets.

Market: Nasdaq

www.patrickind.com


Loss over the last quarter: -25 % 






Fair value: $77
Discount: 28%
Average yearly return: 25%
Market performer

On March 9, 2017Patrick Industries, Inc. Announces pricing of public offering of common stock Says public offering of 1.35 million common shares priced at $73.00per share