If you love growth, you may well like Cognex (NASDAQ:CGNX).
If you like growth at a reasonable valuation, this will be a more
frustrating story for you. Cognex has established itself as a
high-quality leader in the machine vision and product ID space, and
high-quality companies deserve premiums, but the Street seems to be
baking in an exceptional amount of growth into today's valuation.
I
love the prospects for Cognex to introduce new products to expand its
expecting opportunities, as well as its opportunities to leverage growth
in areas like factory and warehouse automation, and I have little to
complain about with respect to how management runs the business. If and
when we get another of those market corrections that sweeps many babies
out with the bathwater, this would definitely be a name to revisit.
Read more here:
At Cognex, The Electric Eye Is Green
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