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-0.000858474368408234 -0.000858474368408234 -0.00171694873681629 -0.00012263919548694 -0.00282070149619823 0.00551876379690953 -0.00220750551876388 -0.00233014471425065
Stock impact report

COVID-19 Creates A Window Of Opportunity With Lincoln Electric [Seeking Alpha]

Lincoln Electric Holdings, Inc. - Common Shares (LECO) 
Last lincoln electric holdings, inc. - common shares earnings: 4/27 07:30 am Check Earnings Report
US:NASDAQ Investor Relations: ir.lincolnelectric.com
Company Research Source: Seeking Alpha
SummaryLincoln Electric was already seeing a downturn before COVID-19, and now, business has taken a sharper turn downward.The U.S. business saw a 40% decline in orders in April, but the European operations remain a source of concern, given execution issues.Management is moving to cut costs and reduce cash usage, including reducing working hours and closing three facilities.I expect Lincoln's exposure to oil/gas, non-residential construction, and heavy fabrication will stretch out its recovery compared to industrials with more short cycle exposure.Lincoln Electric shares look attractively priced for long-term investors.For quality industrial stocks likeLECOI'm not really worried about the downturn that's underway; this downturn is different, but Lincoln Electric has navigated many of these cycles. I'm also not too concerned about some of the unique margin challenges of this downturn. I am still concerned about the health of the European business, though, and I think management needs t Show less Read more
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