Improving end-markets across numerous industrial, consumer, and
construction markets have largely mopped up most of the quality
undervalued industrials stocks, and Rexnord (RXN) is no exception. The shares are up about 20% since my last update on the company, beating peers in its Process & Motion Control business like Regal Beloit (RBC) and Renold (OTC:RNOPF) and more or less matching its prime rival in Water (Watts (WTS)).
Although the shares no longer appear fundamentally undervalued, the
relative valuation is a little more appealing, and Rexnord's markets
continue to improve, which could offer a little more appeal for less
value-sensitive investors.
Read more here:
Rexnord Starting Its Cyclical Upswing
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