In an industrial sector that has already seen investors prove more than
willing to value stocks with a benefit of a doubt, Colfax (CFX)
carries an even larger premium by conventional metrics. I suspect that
this has more to do with the company's ties to Danaher's (DHR)
legacy than ample enthusiasm for gas/fluid handling and welding, but
that's neither here nor there. While investors cannot lose sight of the
risk that the ESAB turnaround efforts take too long or accomplish too
little, a cash flow-based model suggests Colfax may in fact be trading
at a discount today.
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Colfax - Balancing Growing Pains And Growth Potential
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