Issues
This month we are going with a small industrial company that is showing how consistent focus on operational improvement can pay dividends.
Once thought of as a highly cyclical company with management that tended to drop the ball, execution has improved dramatically. In 2022 revenue was up 14% and EPS was up 41%.
With exposure to megatrends like infrastructure and global electrification, I see more upside ahead.
Enjoy!
Once thought of as a highly cyclical company with management that tended to drop the ball, execution has improved dramatically. In 2022 revenue was up 14% and EPS was up 41%.
With exposure to megatrends like infrastructure and global electrification, I see more upside ahead.
Enjoy!
Updates
Yesterday the FOMC decided to move ahead with another 25bps hike, bringing its federal funds target rate to a range of 4.75% to 5%. The statement was missing the phrase, “...ongoing increases in rates would be appropriate,” which was present in the eight previous statements, suggesting the Fed may be done hiking soon.