Positive Outlook from Colfax!
Colfax Corporation ( NYSE : CFX) Q3 2010 earnings came out yesterday:
“Both sales and orders on an organic basis were up for the first time since the third quarter of 2008. We’re continuing to see broad based improvement in most end markets and regions” stated Colfax CEO Clay Kiefhaber in the press release and raised its 2010 adjusted EPS outlook to $0.83-$0.88 from $0.70-$0.77
This is another strong sign that the economy is slowly turning around!
As is typical after a recession, industrial acitivity picks up first and consumer spending only follows much later when unemployment starts to fall.
This blog follows Colfax Corporation, the liquid handling systems specialist, since May 2009 when the stock price was $ 7.27
At this very moment it reaches $ 17, an increase of 134 % since then, trouncing the general market by a wide margin!
Sit back and enjoy the ride!