Like 3M (NYSE:MMM), Atlas Copco (OTCPK:ATLKY)
is one of my favorite industrial companies and one where valuation is a
real concern to me. Atlas Copco has a fantastic compressor business and
good leverage to construction and auto markets, as well as leverage to a
mining business that is currently bumping along the bottom. I like the
prospects for Atlas Copco to continue generate mid-single digit organic
revenue growth, and being one of the strongest organic revenue growers
in the diversified conglomerate space, but even with mid-to-high
single-digit FCF growth it is hard to get comfortable with today's
price.
Click here for the full article:
This Atlas Doesn't Shrug, But Atlas Copco Still Not Cheap
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