IR - Startlingly Good Results From Atlas Copco Support The Quality Premium Argument
Atlas Copco (OTCPK:ATLKY) won’t have the best quarter among multi-industrials this quarter, Honeywell (HON) and Dover (DOV) already surpassed them in organic growth, but the level of outperformance was startingly high all the same and further supports the argument for Atlas Copco as a best-of-breed multi-industrial. Although there are signs of deterioration if you look for them, management seemed relatively unconcerned about the health of the business.
Atlas Copco ADRs have shot up about 20% since my last update (the local shares have done better), when I said that