K-Bro Linen Inc.’s stock price has taken a beating this month, sinking from more than $50 to about $43, on unusually high volume. The stock’s valuation has compressed – but is the recent correction a buying opportunity? Let’s take a closer look.
K-Bro is an industry leader as the country’s largest provider of laundry and linen services. Through its nine processing plants and two distribution centres, the company services customers in two key markets: health care and hospitality. In the fourth quarter, roughly 71.9 per cent of the company’s revenue was from the health-care industry.Report Typo/Error
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