The transcript of the Colfax Corp. (NYSE: CFX) annual analyst meeting reveils some interesting insights how this conglomerate works and thinks and therefore it’s a must read for every shareholder!<\/p>\n
Once a year management takes a lot of time to explain how every sector of the group works and operates within its specific market, how they will improve overall efficiency applying their \u201eCBS – Colfax Business System” and how they will grow over the long term.<\/p>\n
As CEO Steven E. Simms puts it: \u201eWe believe we can become a premier global industrial enterprise. To us, that means outperforming GDP growth by 1 or 2 points. It means delivering operating income margins that are in the mid-teens, and certainly delivering free cash flow that is in excess of net income.”<\/p>\n
And he adds: \u201eWe’ve got an outstanding portfolio where we’re the #1 manufacturer in most of the markets that we compete in. We’ve got a great geographic mix where nearly over 50% of our sales are driven by those markets, which are growing in terms of GDP in the mid to high single digits.”<\/p>\n
Simms also confirmed that the Charter Acquisition was a tremendous opportunity for Colfax and that they will aggressively go after another strategic platform to add to the 2 that they have today.<\/p>\n
Colfax share price is up 36% year to date clearly outperforming the S&P 500 which is up 12%.<\/p>\n
So if everything goes as planned we are only at the beginning of a long term growth story!<\/p>\n
Cheers!<\/p>\n","protected":false},"excerpt":{"rendered":"
The transcript of the Colfax Corp. (NYSE: CFX) annual analyst meeting reveils some interesting insights how this conglomerate works and thinks and therefore it’s a must read for every shareholder! Once a year management takes a lot of time to explain how every sector of the group works and operates within its specific market, how […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[3],"tags":[],"_links":{"self":[{"href":"http:\/\/www.blog.asmus-puhl.com\/index.php?rest_route=\/wp\/v2\/posts\/1051"}],"collection":[{"href":"http:\/\/www.blog.asmus-puhl.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.blog.asmus-puhl.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.blog.asmus-puhl.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.blog.asmus-puhl.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1051"}],"version-history":[{"count":13,"href":"http:\/\/www.blog.asmus-puhl.com\/index.php?rest_route=\/wp\/v2\/posts\/1051\/revisions"}],"predecessor-version":[{"id":1064,"href":"http:\/\/www.blog.asmus-puhl.com\/index.php?rest_route=\/wp\/v2\/posts\/1051\/revisions\/1064"}],"wp:attachment":[{"href":"http:\/\/www.blog.asmus-puhl.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1051"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.blog.asmus-puhl.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1051"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.blog.asmus-puhl.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1051"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}