As is the case at Yaskawa (OTCPK:YASKY), it looks like investors are pretty willing to overlook another weak quarter from Fanuc (OTCPK:FANUY),
and another reduction in guidance, on the idea that the bottom has been
reached and business will improve from here. While I agree with that
basic philosophy, I’m still concerned about the extent to which a
recovery has already been priced into the shares, as the valuation would
already seem to anticipate mid-teens FCF growth on a long-term basis
with a single-digit discount rate.
Read more here:
Fanuc Logs Another Weak Quarter, But The Worst May Be Over
No comments:
Post a Comment