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CFX - Colfax Logs A Stable Quarter Amid Significant Transformation
Colfax Corporation
In multiple past articles on Colfax (CFX) I took management to task for the state of the business, including questionable long-term value in the Air & Gas Handling business, an unimpressive turnaround with Fab Tech, and a need to do something more transformative with the business mix. Since my last update, the company has made some significant announcements, led by the $3 billion-plus acquisition of DJO Global and the impending sale of the Air & Gas Handling business.
Although I think management’s growth expectations for DJO Global may be too high, this