There’s Reason For Concern Over Kadant Inc.’s (NYSE:KAI) Price
With a price-to-earnings (or “P/E”) ratio of 32.4x Kadant Inc. (NYSE:KAI) may be sending very bearish signals at the moment, given that almost half of all companies in the United States have P/E ratios under 17x and even P/E’s lower than 10x are not unusual. However, the P/E might be quite high for a reason and it requires further investigation to determine if it’s justified.
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Kadant could be doing better as its earnings have been going backwards lately while most other companies have been seeing positive earnings growth. It might be that many expect the dour earnings performance to recover substantially,…
