Wabtec (NYSE:WAB) is one of those uncommonly well-run industrial companies that just does not provide an investor with many opportunities to "buy the dip". Yes, there have been pullbacks along the way of 25% or so, but the company seldom looks cheap on conventional metrics.
On the other hand, here's a company with strong share in about 50% of its business, and a long record of generating high single-digit or double-digit revenue growth and improved operating margins in a cyclical industry. Although I don't want to get carried away with this bull market and a stock that is already up more than 50% over the past year, the argument for a fair value in the $70's doesn't seem...
|FREE||SA PRO MEMBERS|
|IDEA GENERATOR||X||Exclusive access to 10 PRO ideas every day|
|INVESTING IDEAS LIBRARY||X||Exclusive access to PRO library of more than 15,000 ideas|
|SECTOR EXPERT NETWORK||X||Exclusive access to all sector experts for direct consultation|
|PERFORMANCE TRACKING||X||Track performance of all PRO stock ideas|
|PROFESSIONAL TOOLS||X||Professional Idea Filters to zero-in based on industry, market cap and more|