FSS - Federal Signal: Impressive Signals
2024-06-17 16:30:25 ET
Summary
- Federal Signal Corporation is a specialty equipment manufacturer with diversified sales in various sectors, including ESG solutions and signal solutions.
- Despite strong operating performance and momentum, the company's premium valuation and transition to electrification make the risk-reward unattractive.
- Federal Signal shares have seen significant growth, with strong earnings and sales performance, but the high valuation and political uncertainties make me cautious on the stock.
In the summer of last year, I saw strong signals in the case of Federal Signal Corporation ( FSS ) . Momentum at the time was impressive, although I recognized that this has not always been the case in the past. Amidst demanding valuations and a real transition to make regarding electrification, I was a bit reserved....
Federal Signal: Impressive Signals