Is Ferguson plc (FERG) A Smart Long-Term Buy?

Argosy Investors, an investment management firm, published its second quarter 2021 investor letter – a copy of which can be downloaded here. A portfolio return of 16.5% was recorded by the fund for the second half of 2021, while the S&P 500 by comparison returned 15.3%. You can view the fund’s top 5 holdings to have an idea about their top bets for 2021.

In the Q2 2021 investor letter of Argosy Investors, the fund mentioned Ferguson plc (NYSE: FERG), and discussed its stance on the...