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YASKY - The Market Shrugs Off Another Weak Quarter From Yaskawa Electric
Yaskawa Electric Corp ADR
It’s certainly true that the stock market is a discounting mechanism that looks beyond current results in assessing a company’s value. But it’s also true that investors can get ahead of themselves, and particularly so with companies they like, and I think that’s the case at Yaskawa Electric (YASKY) now. Investors ignored another weak quarter from this leading automation player, content to assume that the bottom is in sight and results will soon start to improve from here.
I have no problem with the overall assumption that Yaskawa is bottoming out. My problem