Ingersoll-Rand - Despite A Nice Deal, Appeal Is Limited At Current Levels
The Value Investor • Yesterday, 8:52 PM
- Ingersoll-Rand acquires the centrifugal compression business from competitor Cameron.
- Investors like the deal given the sizable synergy estimates, resulting in solid anticipated accretion to earnings.
- The premium valuation, leveraged position and cyclical results creates no appeal in my eyes.