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Opinions Brett Girard, CPA, CA, CFA
Atlas Copco ABATCO.A-STCOMMENTJun 20, 2023
Stock price when the opinion was issued
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Global leader in vacuum technology. Dividend increases annualized over 5 years of 10%, 10 years of 6% -- quite solid. Asset light, so fairly high return metrics. Weak last year on exposure to semiconductor market.
Will benefit from AI spend. Tuck-in acquisitions.
Darren SissonsVacuum technology is its core expertise.. It is tied to the semi-conductor sector since production needs clean space. It is the best of breed in its category and probably the best capital goods company in Europe. It is under-priced and somewhat under-covered. He has done well with Swedish companies - management companies tend to be shareholder friendly.
Darren SissonsIt is in the industrial sector. Although the last quarter was a bit softer there is significant upside.
Darren SissonsDarren SissonsDarren Sissons
As a rule, buy it on its native exchange, because the bid-ask spread is tighter due to higher trading volume. An ADR offers less liquidity. Green energy's popularity is a driver for ATCO. He invests in Sweden, but feels neutral about ATCO.