I guess assessing the state of the global economy today is a bit like taking a Rorschach test - where companies like Emerson (EMR) and Illinois Tool Works (ITW) see ogres and dragons, ABB (ABB)
management seems to see butterflies and bunnies. Although that's
obviously an exaggeration, ABB's call for a more resilient Europe, a
strong U.S., and a more resilient China is definitely out of the
mainstream and could represent an "all clear" for investors waiting to
buy this undervalued and underperforming industrial conglomerate.
Read more here:
ABB's Outlook Really Stands Out
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