Is APi Group (APG) a Smart Long-term Buy?

Forager Funds recently released its Q3 2020 Investor Letter, a copy of which you can download here. The Australian and International Funds delivered quarterly returns of 26% and 13%, respectively. You should check out Forager’s top 5 stock picks for investors to buy right now, which could be the biggest winners of this year.

In the said letter, Forager Funds highlighted a few stocks and APi Group Corp (NYSE:APG) is one of them. APi Group Corp (NYSE:APG) provides construction equipment and services. APi Group Corp (NYSE:APG) stock gained 44.7% and on November 9th it had a closing price of $15.27. Here is what Forager Funds said:

“APi Group is a slightly less exciting business, but its maintenance services in the fire safety, utilities and telecommunications sector provide predictable revenue and profitability, and its capacity to buy and improve smaller companies in the same sectors provides a long runway for growth. In fact, the company has grown revenues at an annual rate in excess of 12% over the past decade. APi also trades at an attractive valuation of just 12 times earnings. We feel this is far too low given the secular growth that it is exposed to.”

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In August, we published an article revealing that Laughing Water Capital is bullish on APi Group Corp (NYSE:APG) stock. We also published an article revealing that Greystone Capital is bullish on APi Group Corp (NYSE:APG) stock.

Our calculations showed that APi Group Corp (NYSE:APG) isn’t ranked among the 30 most popular stocks among hedge funds.

The top 10 stocks among hedge funds returned 185% since the end of 2014 and outperformed the S&P 500 Index ETFs by more than 109 percentage points. We know it sounds unbelievable. You have been dismissing our articles about top hedge fund stocks mostly because you were fed biased information by other media outlets about hedge funds’ poor performance. You could have doubled the size of your nest egg by investing in the top hedge fund stocks instead of dumb S&P 500 ETFs. Below you can watch our video about the top 5 hedge fund stocks right now. All of these stocks had positive returns in 2020.

Video: Top 5 Stocks Among Hedge Funds

At Insider Monkey we scour multiple sources to uncover the next great investment idea. For example, Federal Reserve has been creating trillions of dollars electronically to keep the interest rates near zero. We believe this will lead to inflation and boost real estate prices. So, we recommended this real estate stock to our monthly premium newsletter subscribers. We go through lists like the 10 most profitable companies in the world to pick the best large-cap stocks to buy. Even though we recommend positions in only a tiny fraction of the companies we analyze, we check out as many stocks as we can. We read hedge fund investor letters and listen to stock pitches at hedge fund conferences. You can subscribe to our free daily newsletter on our website:

Disclosure: None. This article is originally published at Insider Monkey.