Mohawk's Stock Has Taken a Beating in 2018 Amid Slow Organic Growth and Slumping Margins.
Mohawk shares plunged over 17% after the no-moat flooring manufacturer reported disappointing second-quarter results on July 26. The stock had been on a downward trend in 2018, and the recent sell-off took it to a new 52-week low. While we were impressed with Mohawk's strong margin performance in 2016 and 2017, we've long believed that level of profitability is not sustainable over the long run. We think the market has finally come around to our view. After reviewing Mohawk's results, we've temp...Mohawk Industries is a global flooring manufacturer for residential and commercial spaces around the world. The company has three segments: Global Ceramic, which designs, manufactures, sources, distributes and markets a line of ceramic, porcelain and natural stone tile products used for floor and wall applications; Flooring North America, which designs, manufactures, sources and distributes broadloom carpet, carpet tile, rugs and mats, carpet pad, laminate, medium-density fiberboard, luxury vinyl tile (LVT) and sheet vinyl; and Flooring Rest of the World, which designs, manufactures, sources and distributes laminate, LVT and sheet vinyl, wood flooring, broadloom carpet and carpet tile collections.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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