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Snap-on Incorporated (SNA): A Bull Case Theory

We came across a bullish thesis on Snap-on Incorporated on The Reservist’s Substack by Yehoshua Zlotogorski. In this article, we will summarize the bulls’ thesis on SNA. Snap-on Incorporated's share was trading at $321.19 as of July 31st. SNA’s trailing and forward P/E were 17.11 and 17.24, respectively according to Yahoo Finance.

[caption id="attachment_1230343" align="aligncenter" width="768"] An engineer at a workbench surrounded by automotive parts, tools, and microchips.[/caption]

Snap-On’s latest earnings report reinforces the author’s conviction in a trade built on...