Small Cap Stocks Down Under 21 October 2022: Beacon Lighting (ASX:BLX)

Few companies on the ASX have such a long-term track record of growth as Beacon Lighting (ASX:BLX). The family-owned company sells lights and fans to retail and trade consumers and is the largest company in its industry. But Beacon’s share price has not had a positive year, retreating 18% in 12 months. Does this represent an opportunity to buy a compelling business at a more reasonable price or has the share price fallen for good reasons?