SDVKF - Sandvik: Holding Was The Right Choice And I Maintain It Going Into 2024

2024-01-23 00:18:56 ET

Summary

• Sandvik is a leading mining and equipment company with good long-term growth indicators and profitability.
• The company's recent report shows mixed demand and a decline in order intake growth.
• The risks for Sandvik include potential overpaying for inorganic growth and a changing market with less demand for cutting tools.

Dear readers/followers,

When it comes to Swedish or Scandinavian native companies, I generally have a very strict range of "BUY" and "HOLD" targets. My ranges are fairly clear, and I know when I'm buying, and I know when I'm selling - generally speaking at least.

Sandvik (SDVKY) (SDVKF) is a quality company. My last article was back in July, over 6 months ago at this point, and the company has performed as I forecasted it to perform all those months ago - meaning that the index has overall done better....

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