You neednt panic of this company it has tremendous future and growth, very smart & aggressive management. But keep booking profits time to time. Fair value of the stock is 74 per share.
This is the first time ACE sales have dipped in several Qtrs.For so long they managed to keep growing in spite of everything else around them going wrong.Not just sales, even the margins have seen a substantial cut.Has some one heard from the management? Is it just the slow down in construction industry or is it something else? Have they been able to keep their market share intact? Any knowledgeable Boarders?? Please help, I am a lot of shares.
if you wonts to invest in construction eqp. sector then Escort is better option compare to ACE,becouse escort is bigboss in thise sector,for ACE story is end,they already reach to peak with market share of there products, now demand is almost venis, now time for consolidation for minimum 18 months, so if your horizon is long then only invest ACE otherwise Escort will double your money in 6 to 8 months.