There is a general malaise present within European markets. This is particularly true for 'value' stocks, which continue to polarise from their 'growth' counterparts as near-term concerns around cost cutting and dividend protection are increasingly the focus of investors and the drivers of relative performance.
Cargotec and Konecranes were two 'value' companies on our watch list but, being viewed with some scepticism by the market and lacking a catalyst, did not make it into the portfolio. Over the past 18 months. however, this changed as Cargotec completed the acquisitions of the marine and offshore business from TTS Group and of Biarri Rail, a global provider of planning and scheduling optimisation software for freight railroads, and Konecranes appointed a new CEO. The sustainability bloc party: Will the next decade be Europe's moment to shine? These changes all represented positive mo...
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