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EPOKY - Epiroc's Valuation Already Prices A High-Quality Recovery Story
Epiroc Aktiebolag ADR
I thought Epiroc (EPOKY) was in good shape for the downturn and offered a decent return for its superior quality back in late April, but I certainly did not expect the strong rally in the shares since then – close to 30% for the local shares and close to 45% for the ADRs – as investors apparently are going all-in on the prospects for a sharp near-term rebound in mining output and infrastructure activity.
Weir (WEIGY) has been even stronger, while FLSmidth (FLIDY) and Caterpillar (CAT) are