Ready to Buy the Dip? This Industrial Stock Is a Smart Buy
As an investor, it's hard to step into a stock when it has fallen 40% since the start of the year and the company warns there's still more bad news to come. This is exactly the backdrop investors face with water-heater manufacturer A. O. Smith (NYSE: AOS). Despite the challenging situation, this long-time dividend payer could still be worth buying on the dip. Here's why.
The most recent bad news out of A. O. Smith is that third-quarter 2022 results will be weak. The company projects that year-over-year sales will be down 4% and adjusted earnings will fall 15%. That's definitely not good news and it seems to justify the negativity coming from Wall Street traders.
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Source Fool.com
