Rockwell Automation: Narratives Don't Match Numbers (Archive)
Rockwell’s valuations look stretched while manufacturing data and stubborn lead times tell another story.
This 5-Minute Pitch was originally published on Seeking Alpha before the launch of the Hunting Alphas website. It is shared here to showcase my previous work and track record. New 5-Minute Pitches published on this site will not be disseminated anywhere else.
Elevator Pitch
- Industrial automation is a mega-trend but if you invest purely on this logic, you are prone to suffering gut-wrenching drawdowns.
- The market is bullish on supportive manufacturing policies.
- But leading indicators suggest a slowdown in manufacturing activity.
- Rockwell's product lead times remain elevated contrary to easing supply chain narratives.
- The stock is very expensive.
Read the full article here.
Disclosures and Disclaimers
Past performance ≠ future results. Not investment advice. See full Disclaimer.
Comments ()