SDVKF - Sandvik Doing Well Through The Slowdown But The Price Already Reflects A Recovery
Short-cycle stocks by and large did well in the fourth quarter, with investors buying in ahead of an expected return to growth in the second half of 2020. Sandvik (OTCPK:SDVKY) has gone along for that ride, and has also outperformed the broader industrial group since my last article – rising more than 10% and holding that through a fourth quarter earnings report that still showed signs of weakness.
The confidence expressed by Sandvik’s management on the call that short-cycle markets were bottoming certainly won’t hurt the investment case, but I’d keep an eye