Generac: A Significantly Undervalued Mid-Cap Stock For 2024

J. Michael JonesIntroduction Mid-cap stocks have not been the best place to be. Over the past ten years, the iShares Russell 2000 ETF (IWM) has returned roughly 100%, including dividends. During this period, the S&P 500 has returned more than twice as much. Data by YChartsEven worse, in the current environment of elevated rates, Apollo Global Management (APO) finds that 40% of Russell 2000 companies have negative earnings. That's as much as during the peak of the Great Financial Crisis. Even worse, we a ...