Griffon Corporation GFF

Griffon has delivered a powerful run over the past several years, and the share price now invites a simple question for investors. Is the current US$96.08 level adequately supported by the cash the business is expected to generate over time? Griffon has returned about 370.5% over the past 5 years, which raises the stakes on whether that long stretch of gains is grounded in its underlying cash flows. The group’s ability to convert earnings into steady free cash flow, and to allocate that cash...

Griffon (GFF) has drawn investor attention after its recent share move, with the stock closing at US$96.08. That price sits against a year-to-date total return of 28.0%. Recent trading has been choppy, with the share price down 2.4% on the day and roughly 2.9% over the past month. However, Griffon’s 28.0% year to date share price return and very strong multi year total shareholder returns hint that long term momentum has been resilient even as short term sentiment cools. Capitalize on...