The trouble with good times is that in the market they always come to an end sooner or later. Like many other industrial and vehicle suppliers, Donaldson (NYSE:DCI) has had a very solid run as the economy has recovered from its worst levels. With a lot of OEM orders already in the history books, though, it looks like the pace of growth is due to slow, and it's anybody's guess as to whether shareholders will remain as loyal to the stock if growth finds a lower gear.
A Solid Cap to a Good Year
Donaldson did well for its fiscal fourth quarter. Revenue rose 21% as reported, or about 13% on a constant currency basis. Admittedly that pales a bit when compared to the results of Caterpillar (NYSE:CAT), BorgWarner (NYSE:BWA), or Cummins (NYSE:CMI), but it was a good result and it compares well with other filtration players like Pall (NYSE:PLL) and Clarcor (NYSE:CLC).
To read the full piece, please go to Investopedia:
http://stocks.investopedia.com/stock-analysis/2011/Donaldson-Likely-Looking-At-A-Lower-Gear-Next-Year-DCI-CMI-CAT-BWA-TEN-HON-PLL-CLC0830.aspx
No comments:
Post a Comment