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Is This Stock An Overlooked Pandemic Play?
As markets soar to new highs, I’m looking for overlooked and undervalued investment opportunities.
ABM Industries is one such company. This is a business that provides janitorial and custodial services. In fact, the “ABM” acronym stands for “American Building Maintenance” and the brand’s mascot used to be a “Giant Janitor” (it was pretty cool).
Obviously, remote work is gaining popularity now. And many believe that this new trend marks “The Death Of Commercial Real Estate.” It’s hard to run a building maintenance business when there are no buildings to maintain, and this worries investors.
ABM Industries’ share price reflects this, with the company’s stock falling over 15% in the past month.
Personally, I think this presents a potential buying opportunity.
And there are several reasons for my belief.
The first is that ABM is diversified. Their clients expend well beyond the scope of traditional office tenants.
ABM provides cleanings and shuttle services for JFK International Airport as well as United and American Airlines. And, ABM also does janitorial and landscaping work for schools and universities.
Also, they handle HVAC and mechanical maintenance at Amazon distribution centers and…