SDVKY - Good Enough Is Good Enough To Keep The Rally Going At Sandvik

Although I thought Sandvik (OTCPK:SDVKY) (SAND.ST) looked beaten down in late January on mounting worries of a global economic slowdown, particularly in manufacturing end-markets, I didn’t expect the 25% rally in the shares since then – a rally that has seen Sandvik’s share roughly double the average strong move in industrials over that same time. Clearly investors are feeling better about the global economy, and Sandvik’s results would lend support to the idea that the weakness in autos hasn’t really spread all that far yet.

It’s much harder to argue that

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