2014 comes to an end! Happy Christmas and a Happy New Year 2015!
2014 comes to an end in a rather turbulent manner.
Shares are beaten down after the rapid slide of the oil price. Even shares of companies which profit from cheaper oil are beaten down highlighting how hysteria and speculation are influencing markets in these days.
Let’s keep calm! The most important is not to sell on panic but to stay in for the long term.
One of our long term holdings Colfax Corp. (NYSE: CFX) held its investor day on dec. 16th
The company issued guidance for 2015 below expectations seeing EPS of $2.20-$2.40 vs. $2.58 analyst consensus estimate and revenues of $4.525B-$4.675B vs. $4.8B consensus.
Colfax as an industrial company certainly is not immune against headwinds of the world economy but the company will continue to grow by acquisitions and growth investments.
I wouldn’t be surprised to hear them announcing an acquisition pretty soon.
Hopefully this will be in a sector which is not heavy industry and more independent of the economic cycles than there existing activities.
Stay tuned for more to come. CFX certainly is a buy at this price!
We wish a Happy and Peaceful Christmas and a very successful New Year 2015 to all our readers!