Wednesday, September 11, 2013

Seeking Alpha: Just How Far Can International Markets Take Wabtec?

Wabtec (WAB) is one of those uncommonly well-run industrial companies that just does not provide an investor with many opportunities to "buy the dip". Yes, there have been pullbacks along the way of 25% or so, but the company seldom looks cheap on conventional metrics.

On the other hand, here's a company with strong share in about 50% of its business, and a long record of generating high single-digit or double-digit revenue growth and improved operating margins in a cyclical industry. Although I don't want to get carried away with this bull market and a stock that is already up more than 50% over the past year, the argument for a fair value in the $70's doesn't seem ridiculous if you believe the company can replicate its success in North America in other parts of the world.

Please read more here:
Just How Far Can International Markets Take Wabtec?

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