I’ve said many times before that good companies really show their quality in downturns, and I’ve likewise said many times before that I believe Atlas Copco (OTCPK:ATLKY) is one of the best multi-industrials out there. Although I thought the shares weren’t undervalued when I last wrote about the company, the stock is up almost another 15% since then as Atlas Copco’s strong third quarter results further polish its reputation and add some “safe haven” momentum for good measure.
I can’t really make the valuation numbers work now for Atlas, though I freely admit