Jul. 15 at 3:14 AM
$ORLY The extreme growth in earnings is currently in the semiconductor names, a lot of that has been priced in. ORLY provides good margins, great products, good growth and good management. Once the rotation (which we have seen so for through the summer and expect to continue) from those high growth, high risk names come to flat earnings this name would tick up higher.
YTD this names is down 5%, but yet they continue to growth their margins, and increase their FCF while declining the float. Hold it long-term, the valuation would catch up and once that hits it will be consider undervalued.
