Much as analysts may talk about Fenner's (OTCPK:FNERF)
business being more stable than commonly believed, the market is voting
with its dollars (or pounds) - sending the shares on a choppy ride over
the past three years as the coal market has had its own spasms.
Fenner's leading share in mining conveyor belts ought to hold solid
value over the long term, while the more idiosyncratic Advanced
Engineered Products (or AEP) business looks to find more growth in
markets like energy and healthcare.
Growth expectations for Fenner
aren't particularly strong, and that is making this extended
year-to-date slide more interesting from a value perspective. Although
the coal sector has a long way to go to get healthy again, these shares
are getting more interesting for value-inclined investors.
Please read the full article here:
Fenner's Slide Starting To Look Interesting
No comments:
Post a Comment