Komatsu Still Offers Heavy Machinery Recovery Upside, But It Could Take Some Time
This has been a challenging downturn so far for suppliers of construction and mining equipment. Unlike most recessions, in which customers continue to operate at lower levels, this downturn saw a dramatic curtailment of activity. While parts and service demand has held up better for Komatsu (OTCPK:KMTUY) than new equipment, it has still been a sharp deterioration, and the outlook for the recovery is cloudy at best, particularly with weak trends in North America and Europe and an ongoing shift aw…
