Aug. 23 at 11:44 AM
$QXO LT believer. Brad Jacobs has done magic and I believe he will do it again at QXO. Problem is the short term now until 2027-28
Don't believe the naysayers. It has plenty business with repairs.
Problem is new construction is at a halt (home Depot report showed it), Interest rates need to drop, and that ain't likely in the near term while Trump raises tariffs, continues to push Iran (a must but is going to hit oil prices and therefore inflation). QXO borrow a lot and perception is negative as a result.
So since the near term is challenged, there is an opportunity cost of holding it now. I believe it can be traded. It has held
$13 but I can't see holding 13 if rates stay 4.70+ on the ten year. So if 13 breaks and drops I would watch for it to settle and then trade it long.
Now if you are looking at 2030 and beyond it is going to be a multi bagger but between now and next year maybe two or three years is going to be held with a ball chain of high rates.
