VLGEA sits on a ton of cash, has stable, consistent free cash flows with an unlevered FCF 10Y CAGR of 29%. Although the company faces stiff competition in an industry that already deals with narrow margins, they have flexibility and potential to get to their intrinsic business value of around $31 - $36/share.
I wrote a blog piece about them where I go into more detail, give it a read here: https://rockvuecapital.wordpress.com/201...
From a technical standpoint, if the stock can hold at this current of 22.50 - 23, I would venture to initiate a starter position with a stop loss right below that support. Any price acceleration from the bottom I would add on to my position.
Please let me know if I missed anything, or if I have any blind spots in my analysis, it really helps!