KNNGF - KION: Excellent Growth Prospects But A Long Way To Go
2024-05-15 06:10:11 ET
Summary
- KION's investment has been paying off with a TSR of over 35% including dividends, compared to the S&P 500.
- The company's 1Q24 results showed sequential growth in order and revenue, with a significant increase in profit.
- KION's long-term outlook is positive, with a focus on mobile automation and growth potential in emerging markets.
Dear readers/followers,
My investment in KION ( OTCPK:KIGRY ) stock has been paying off, since purchasing shares, and a respectable position at a low valuation. My last major buy was made during later periods of 2022 - and my stance has produced a TSR of over 35% including the dividend, compared to the S&P 500 as of the time of writing this article.
Still, while we've seen the beginnings of recovery, KION still has a long way to go. In this article, I will update my thesis on KION as a business, and the upside that the company may deliver for investors over the longer timeframe. By the long timeframe, I mean a timeframe of over 3 years from this time - which is still how long I expect to own KION before potentially rotating it - depending of course on what the market does in the meantime....
KION: Excellent Growth Prospects But A Long Way To Go