2024-01-23 00:18:56 ET
Summary
- Sandvik is a leading mining and equipment company with good long-term growth indicators and profitability.
- The company's recent report shows mixed demand and a decline in order intake growth.
- The risks for Sandvik include potential overpaying for inorganic growth and a changing market with less demand for cutting tools.
Dear readers/followers,
When it comes to Swedish or Scandinavian native companies, I generally have a very strict range of "BUY" and "HOLD" targets. My ranges are fairly clear, and I know when I'm buying, and I know when I'm selling - generally speaking at least.
Sandvik (SDVKY) (SDVKF) is a quality company. My last article was back in July, over 6 months ago at this point, and the company has performed as I forecasted it to perform all those months ago - meaning that the index has overall done better....
Read the full article on Seeking Alpha
For further details see:
Sandvik: Holding Was The Right Choice, And I Maintain It Going Into 2024