It has been frustrating waiting for Rexel (OTCPK:RXEEY) (RXL.PA)
to deliver on its turnaround potential, and the shares had been
steadily sliding lower this year until strong second quarter results
reversed the trend. Now it seems that the company’s major suppliers are
seeing better trends in electrification and automation, and the
company’s own plans to improve performance in the U.S. and Europe seems
to be paying off a little better. With healthy trends in non-residential
construction in Europe and the U.S. and signs of margin leverage, there
should be more upside for Rexel from here.
Continue here:
Rexel SA Showing A Little More Juice In Its Turnaround
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