FANUY - The Fanuc Story Is Getting More Interesting
- Fanuc beat sales, profit, and order expectations in the fiscal third quarter, with management raising guidance and sounding relatively bullish on orders.
- Demand for automation-enabling capex is strong, and even if a near-term peak in industrial capex spending is in sight, further automation investments are likely to follow.
- Fanuc has unquestionably been a leader in automation, but it remains to be seen if the company can adapt with the times and maintain that leadership in the next cycle.
- Fanuc shares rarely get obviously cheap, but at today's price investors can expect a decent return and I see more upside than downside.
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The Fanuc Story Is Getting More Interesting