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EPOKY - Epiroc In Good Shape Going Into An Uncertain Downturn
Epiroc Aktiebolag ADR
All in all, Epiroc (EPOKY) (EPI-A.ST) shares have held up surprisingly well through a period of significant uncertainty and pronounced weakness in equipment orders - and that was before COVID-19 swept around the globe. I thought Epiroc shares had okay, but not great, upside potential back in the summer of last year, after which the share rose more than 20% before a sharp selloff that led to a roughly one-third peak-to-trough move and a subsequent 30% rally. Over that period, Epiroc has been a relative standout, outperforming peers like Caterpillar (CAT),