It has been an interesting decade for SPX (SPW),
as the company has gone through spasms of acquisition and divestiture
but really hasn't set the world on fire with its margins, returns on
capital, or free cash flow generation. With most of the business
shuffling complete, and broadly improving utility demand, can SPX show
that it deserves a spot on a list of quality industrial conglomerates?
Please continue here:
SPX: A Complicated Power Play
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