It's not often that investors look at an industrial technology stock as a value play, and it's even rarer that investors talk about a Cathie Wood stock in terms of its excellent cash flow generation, but that's the case with Trimble (NASDAQ: TRMB) right now. The positioning and workflow technology company is one of the top five holdings in two ARK funds, and I believe its recent dip is a buying opportunity.

Perhaps "dip" is something of an understatement. Trimble's stock is now down 17% in a month and 55% from its all-time high. The nosedive continued after the disappointing third-quarter earnings announcement. Furthermore, management revised down its annual revenue and earnings forecast due to weakened end markets, which disappointed investors.

The company announced:

Continue reading

Source Fool.com