I wasn’t all that excited about Alfa Laval’s (OTCPK:ALFVY) share price back in December, but that was before Covid-19 scrambled the markets and threw the outlook for almost every industrial company out the window for at least the next two quarters, and possibly quite a bit longer. With the shares down about 25% since then, modestly underperforming its peer group, the valuation is now once again more reasonable for long-term investors.
“Long-term” really is the key here, as there are significant near-term concerns about the outlook for orders in the marine