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AJ Secrist from Firstlight Management on Lamb Weston $LW
Yet Another Value Podcast
The Markets Got This Price as a Nice Opportunity
I don't disagree. This is a good business, but it seems like the markets got this price as a pretty good business. And there's all kinds of data points to suggest margins are going to break the prior all time by order of 27%. So that's number one, you know, number two, just mathematically. If I went back to fiscal 2019, which ends May 2019, they've got an office for you. They did $3.20 in EPS, right? Even on that, you're still talking about a pretty juicy multiple. But where's the real juice that gives you like the alpha here?"
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