Installed Building Products: Limited Recovery Visibility With Elevated Valuation (NYSE:IBP)

Following my coverage on Installed Building Products ( IBP ) in August, I recommended a hold rating as the outlook wasn’t great. The housing market remains soft, and the IBP pace of acquisition was also lagging. FastI take a fundamentals-based approach to value investing.I disagree with the common misconception held by many investors that low multiple stocks must be cheap. I look for companies that offer the best long-term durability at the most affordable prices. Consequently, I have a propensity to be dra ...