We published an update on this Long Idea on May 12, 2021. A copy of the associated Earnings Update report is here.
It’s no secret U.S infrastructure could be improved. Both the private and public sectors are committed to make significant investments in the coming years to meet the demand for natural gas, alternative energy, and new communication technologies such as 5G. Nevertheless, the market has routed this Industrials stock as it has many other stocks that are not getting a boost from undiscerning passive investing tailwinds.
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