As the U.S. economy recovers, cyclical stocks are back in the news. Cyclical stocks have a tendency to mimic the performance of the economy. Companies which have cyclical stocks derive their demand from other companies in the economy. Therefore, when the economy is doing well and companies in general are expanding, cyclical companies show increased performance and the opposite is true when the economy tumbles.
Albany International Corporation (NYSE:AIN) operates in an industry which is largely cyclical. Albany International Corporation is an advanced textiles and materials processing company. The company is present in more than 11 different countries worldwide and has two core businesses, namely, Machine Clothing and Albany Engineered Composites.
The Machine Clothing segment is involved in...
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