2024-02-09 13:09:32 ET
Summary
- Assa Abloy reported strong results in 4Q23, with good top-line growth and solid margins.
- The company continues to rely on inorganic growth through acquisitions to drive its growth.
- I'm, as of this article, downgrading the company to a "HOLD" due to concerns about valuation and lower growth estimates. I will maintain my stake, but not buy more.
Dear readers/followers,
Assa Abloy ( OTCPK:ASAZF ) has always been an interesting company and investment. I just haven't had the proper opportunity, or acted upon it, to actually take advantage of what this company offers in terms of long-term growth and quality potential.
However, if we look at my article in October 2023 when I rated this company a "BUY" we see a return that significantly outperforms the broader market. An obvious positive....
Read the full article on Seeking Alpha
For further details see:
Assa Abloy - After 4Q23, More Clarity (Rating Downgrade)