Down 25% in 2020, This Growth Stock Looks Like a Great Value
It's no secret that technology stocks have sold off in the last few months, and industrial technology company Trimble (NASDAQ: TRMB) is one of them. But when looking for potential "buy on the dip" candidates, it's important to distinguish between speculative growth stocks that promise a blue sky, and real companies with real earnings, cash flow, and growth prospects. Trimble is the latter, and its recent dip is creating a buying opportunity.
The company's core technology provides positioning, modeling, and data analytics across a range of industries. As such, Trimble connects a customer's physical assets to the digital world to improve their performance. Think of mapping and geospatial companies, trucking fleets modeled in real time, construction and infrastructure projects completed on time with less waste, or farmers using precision agriculture to increase crop yields.
Image source: Getty Images.
Source Fool.com