Sooner or later, there will be a point when buying Lincoln Electric (LECO)
on weakness doesn't make sense, but I don't think we're there yet. It's
true that this company has seen business weaken on tough conditions in
markets like shipbuilding, energy and construction, but I don't expect
that weakness to continue indefinitely, and Lincoln still has much to
gain from consolidation, expansion into automation and growth in
emerging markets like China and Brazil. The shares haven't yet pulled
back to what I'd call a safe level, but this will ultimately be a good
stock to ride a global industrial recovery.
Please read more here:
Is Lincoln Electric's Stumble Another Chance To Buy?
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