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HOLI - HollySys Continues Its Frustrating 'Two Steps Forward One And A Half Back' Dance
Hollysys Automation Technologies Ltd.
I can certainly sympathize with any long-term shareholders of HollySys (HOLI) who are wondering if their patience will ever be rewarded. HollySys shares have lost about 15% of their value over the past three years, a time period that has seen Yaskawa (YASKY) more than double (even with a substantial decline from the early 2018 peak), Rockwell (ROK) climb almost 50%, and even perpetually disappointing ABB (ABB) show some gains. During that time, the market for automation products (as well as train signaling products) has continued to