Investors who were expecting revolutionary changes from ABB (NYSE:ABB)
at its Capital Markets Day, as opposed to evolutionary tweaking and
fine-tuning, were setting themselves up for disappointment but ABB
delivered a pretty positive message overall. Management sounds
increasingly confident that the troublesome power business is under
control, and also laid out some credible arguments as to why this is a
worthwhile business for the long term. Some may be disappointed that ABB
seems disinclined to pursue large M&A or a company-changing
strategy shift, but I'd call this day a success and the shares look like
one of the few bargains in the industrials space.
Continue reading here:
'Good Enough' Is Good Enough From ABB's Capital Markets Day
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