Nordson: A Slide Worth Watching

Mar. 10, 2022 11:07 PM ETNordson Corporation (NDSN)1 Comment
Stephen Simpson profile picture
Stephen Simpson
18.4K Followers

Summary

  • Nordson posted good fiscal first quarter results and the company has price increases in its backlog to help offset cost pressures as the year goes on.
  • I see increased near-term risk to the global economy from higher oil prices, but Nordson is leveraged to attractive secular opportunities tied to growth capex in semiconductors and packaging.
  • Nordson shares rarely get truly cheap, and they're not there yet, but another 10% to 15% drop in the shares would make this an opportunity to seriously consider.

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Nordson (NASDAQ:NDSN) is hardly alone in having a year to forget so far in 2022, with the shares down about 15% since the start of the year and lagging the broader industrial space. While companies like

This article was written by

Stephen Simpson profile picture
18.4K Followers
Stephen Simpson is a freelance financial writer and investor. Spent close to 15 years on the Street (sell-side, buy-side, equities, bonds); now a semi-retired raccoon rancher. That last part isn't entirely true. Probably.

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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