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GTES - Gates Industrial Corporation: An Investment Assessment
Gates Industrial Corporation plc
I would prefer an intelligent hell to a stupid paradise.”
- Blaise Pascal
One month ago, we put the following oversold industrial concern into the model portfolio at The Busted IPO Forum. The shares are up 20% since that recommendation. However, with the global economy continuing with its "restart", the stock appears undervalued. We update our investment thesis on this "off the radar" mid-cap concern in the paragraphs below.
Company Overview
Gates Industrial Corporation plc (GTES) is a London-domiciled, Denver-headquartered manufacturer of power transmission and fluid power solutions with operations