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ATLKY - Sandvik Knocked Back As Signs Of Slowdown Accumulate
Atlas Copco AB ADR - Class A
I suppose it’s still early in the second quarter reporting cycle, but I’m pretty much sold on the idea that the industrial economy is most definitely slowing, though in the interests of transparency, that’s been my expectation for a while, so there’s a risk of seeing what I want to see. Specific to Sandvik (OTCPK:SDVKY), shares have fallen more than 10% since my last update on the company, as those signs of slowdown continue to build and a second half rally seems less likely.