Patrick Industries: A Good Player Pricing In A Recovery In 2024

Oleh_Slobodeniuk Shares of Patrick Industries (NASDAQ:PATK) have recently seen a strong momentum run, with shares trading near their all-time highs around $100 per share. It has been a long time since I looked at the shares, in fact it was spring of 2017 when I called Patrick a great serial acquirer which could be bought on dips. Optically, shares have doubled since 2017, but in fact they have more than doubled as a 3-for-2 stock split was performed in 2017, making that on adjusted basis have more than doub ...