Kennametal, Inc. (NYSE:KMT)
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The Company is a global supplier of tooling, engineered components and advanced materials consumed in production processes.
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The Company is a global supplier of tooling, engineered components and advanced materials consumed in production processes.
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The big pop in KMT today is entirely predicated on their irrational belief (hope?) that the economy is improving and will continue to do so. That means they believe that government fairies spreading pixie dust will continue to make good things happen for companies that just wish hard enough. Wishing won't make it so. Fact is, they're losing money, and they won't make their new target.