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Trimble: An Expensive Deal

Dec. 14, 2022 1:35 PM ETTrimble Inc. (TRMB) Stock2 Comments


  • Trimble has seen a tough 2022 so far amidst softer performance and dollar strength.
  • I like the long-term performance and positioning of the business, even as 2022 has been tougher.
  • The company ended the year with an expensive deal, making me cautious here, albeit that the share price reaction feels like an overreaction.
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Maksim Labkouski

Trimble (NASDAQ:TRMB) surprised its investors with a relatively expensive acquisition, one which caused a large pullback in its share price, certainly if we account for the size of the deal. To judge the impact of the transaction and see where Trimble

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The Value Investor has a Master of Science with specialization in financial markets and a decade of experience tracking companies via catalytic company events.

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Comments (2)

kevernscott profile picture
Great piece. Wondering however what your thoughts on the long-term view is. Totally agree this is expensive in the short-medium term and probably could have acquired at a better price. However, as a momentum play into one of the world's largest economic areas and married together with a telematics portfolio in EU; I can't help but think this could be an indirect driver of value in the longer term - if the company gets it right. Trimble has tried to enter the EU previously, they have modest to lackluster performance of their telematics suits and their field service application they acquired in the Nordics added very little. Will Transporeon be a deal large enough to get momentum going?
The Value Investor profile picture
@kevernscott Bought very small here at $50, looking to average down.
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