2024-03-19 18:23:22 ET
Summary
- Enerpac Tool Group Corp. is an old company that provides industrial tools, services, technology, and solutions.
- Recent financial performance has been mixed, and shares are expensive compared to similar firms.
- The company's transformation program has been effective, but analysts are uncertain about near-term revenue. A 'hold' rating is recommended.
I don't know about you, but my preference when it comes to companies I buy into is to focus on enterprises that have relatively simple business models. Instead of focusing on high tech growth firms, I tend to prefer companies that are easy to comprehend. One example of this can be seen by looking at Enerpac Tool Group ( EPAC ), a business that's focused on providing customers with industrial tools, services, technology, and solutions free variety of industries. The company has been around for a long time, since 1910. While far from being the oldest publicly traded firm out there, it certainly is quite old....
Read the full article on Seeking Alpha
For further details see:
Enerpac Tool Group: Assessing The Picture Heading Into Earnings, I Am Unimpressed