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KNRRY - Margin Improvement Electronics And Aftermarket Offer Some Opportunity For Wabtec
Knorr-Bremse AG ADR
The last 12 months haven't been particularly easy for Wabtec (WAB), but the shares have more or less kept pace with the larger industrial sector, as well as peers/rivals like Caterpillar (CAT) and Knorr-Bremse (KNRRY). At the same time, management has built some early credibility on its margin-improvement story, as well as its ability to drive growth from digital electronics and aftermarket.
Wabtec is not my favorite industrial, and the freight market is going to remain challenging for a while, but it's a little strange to me that Wabtec