CAT - The Lack Of Reaction To Strong Earnings From Komatsu Is Getting Interesting
- Komatsu has strung together several stronger-than-expected quarters, and end-market demand in construction and mining is improving outside of China, but the stock hasn't responded.
- There are still significant long-term strategic questions for Komatsu to address, but management has been more responsive of late with new product development and marketing.
- I wouldn't want to hold Komatsu as a long-term position, but the shares look undervalued below $30 as a trade on peak earnings over the next two years or so.
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The Lack Of Reaction To Strong Earnings From Komatsu Is Getting Interesting