CMCO - Columbus McKinnon's Recent Slide Creates A New Window Of Opportunity
- Columbus McKinnon shares have underperformed, likely due to some rotation away from shorter-cycle industrial recovery names, despite heading into FY'22 with a record backlog.
- CMCO isn't just an industrial recovery story; between the Dorner deal and the new Blueprint for a growth plan, there are credible opportunities to enter new end-markets and leverage automation trends.
- Long-term revenue growth around 5% and a drive toward EBITDA margins of 20%-plus can support a double-digit long-term annualized return from today's price.
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Columbus McKinnon's Recent Slide Creates A New Window Of Opportunity