MHK (Update)
Mohawk Industries Inc
Industrial/Transportation
04/22/2013
Presented
| Date | 04/18/2013 |
| Price | $110.81 |
| Market Cap | $7.71B |
| Ent Value | $8.62B |
| P/E Ratio | 25.09x |
| Book Value | $60.59 |
| Div Yield | N/A |
| Shares O/S | 69.59M |
| Ave Daily Vol | 740,000 |
| Short Int | 1.60% |
Current
| Price | $159.85 |
| Market Cap | $10.09B |
| Mohawk Industries, Inc. designs, manufactures, sources, distributes, and markets flooring products for residential and commercial applications for remodeling and new constructions worldwide. It operates in three segments: Carpet, Ceramic, and Laminate and Wood. The Carpet segment offers carpet and rug product lines in a range of colors, textures, and patterns for residential and commercial applications; and markets and distributes ceramic tiles, laminate, hardwood, resilient floor coverings, carpet pads, and flooring accessories. This segment markets and distributes its flooring products under the Aladdin, Bigelow, Durkan, Horizon, Karastan, Lees, Mohawk, Mohawk ColorCenters, Mohawk Floorscapes, Mohawk Home, Portico, and SmartStrand brands. The Ceramic segment provides a range of ceramic tile, porcelain tile, and natural stone products; and sources, markets, and distributes other tile related products. This segment markets and distributes its products under the American Olean, Daltile, Kerama Marazzi, Marazzi, and Ragno brands. The Laminate and Wood segment offers laminate and hardwood flooring; and produces roofing elements, insulation boards, medium-density fiberboards, chipboards, and other wood products, as well as licenses its UNICLIC and Pergo laminate flooring to floor manufacturers and distributors. This segment markets and distributes its flooring products under the Columbia Flooring, Century Flooring, Mohawk, Pergo, Quick-Step, and Unilin brands. The company sells its products through independent and individual floor covering retailers, home centers, mass merchandisers, department stores, shop at home, buying groups, commercial dealers and end users, company-operated service centers and distribution centers, independent distributors, home center retailers, ceramic specialists, and retailers, as well as through private labeling programs. Mohawk Industries, Inc. was founded in 1988 and is headquartered in Calhoun, Georgia. |
Please note, this is an update to LONG — Mohawk Industries Inc. (MHK), which was originally presented on 3/01/2013.
Highlights
The presenter remains long shares of MHK and believes there is more upside potential as residential and commercial construction continue to rebound from trough levels. In addition, he trusts and likes being positioned alongside Chairman and CEO Jeffrey Lorderbaum, who owns a substantial stake in the company and is beginning to deploy capital (via acquisitions, the company does not pay a dividend or buy back stock)) in an effort to grow the business and market cap.
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