Seeking Alpha: 'Good Enough' Is Good Enough From ABB's Capital Markets Day

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.

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'Good Enough' Is Good Enough From ABB's Capital Markets Day