Topic: How To Invest

Q: Hello, Pat. As a long-time Inner Circle member, I value your opinion. I would appreciate your thoughts on Tecnoglass Inc. Thank you.

Article Excerpt

A: Tecnoglass Inc., $52.59, symbol TGLS on New York (Shares outstanding: 47.7 million; Market cap: $2.5 billion; www.technoglass.com), is a leading producer of architectural glass, windows, and associated aluminum products serving the multi-family, single-family, and commercial end markets. The company is the second-largest glass fabricator serving the U.S. and the #1 architectural glass company in Latin America. Located in Barranquilla, Colombia, Tecnoglass has 4.1 million square foot of manufacturing space, which provides it access to nearly 1,000 customers in North, Central and South America; the U.S. accounts for 96% of its total revenues. The company’s tailored, high-end products are found on some distinctive properties including One Thousand Museum (Miami), Paramount (Miami), Salesforce Tower (San Francisco), Via 57 West (NY), Hub50House (Boston), Aeropuerto Internacional El Dorado (Bogotá), One Plaza (Medellín), and Pabellon de Cristal (Barranquilla). Tecnoglass announced on May 17, 2023, that Energy Holding Corp., the owner of 54.8% of its outstanding shares, would sell two million Tecnoglass shares on the stock market for…