Three Showing the Industrial Age Is NOT Ending
I took a quick look at three small-mid cap industrial earnings reports from last week to see if they support reports of a recovery. To make a short story shorter, yes, they did. The three companies cover a broad portion of the industrial/construction/manufacturing world and all three had revenue increases compared to the year ago quarter.
I didn't get in to valuations in the article, but all three had reasonable valuations - not screaming buys, but not wildly overvalued.
As always, do your own due diligence if you're thinking about making a buy.
What do you think? Is the economy recovering or are reports of revenue increases just a head fake?
Disclosure: Long RPM, one of the stocks mentioned in the article.