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ABB - Green Shoots At Fanuc But Beware Of Lawn Mowers
ABB Ltd
It’s been a long time since I’ve felt any warm fuzzy feelings about Fanuc (OTCPK:FANUY), not so much because I had issues with the company but because investors traded it more on its reputation than the financial reality. The valuation has become more reasonable since my last update, though, and it looks as though Fanuc may actually be priced at a point where investors can look forward to a respectable return.
I still have my concerns about Fanuc, mind you. I believe there has been more erosion in the CNC business opportunity than