Gooch & Housego is an optics-based manufacturer that provides photonics-led solutions for the Industrial, A&D, and Life Sciences sectors. We believe the market is insufficiently pricing in the likelihood of an FY20e earnings recovery which we see as being probable given i) economic and customer-led indicators are exhibiting signs of stability in key industrial laser markets, and ii) FY19e expectations have been reset to reflect a cyclical downturn. With risk-reward tilted to the upside, we initi ....
05 Sep 2019
Gooch and Housego - Light at the end of the tunnel, initiating with Buy, 30% upside
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Gooch and Housego - Light at the end of the tunnel, initiating with Buy, 30% upside
Gooch & Housego PLC (GHH:LON) | 559 0 0.0% | Mkt Cap: 144.1m
- Published:
05 Sep 2019 -
Author:
Kunal Walia -
Pages:
58
Gooch & Housego is an optics-based manufacturer that provides photonics-led solutions for the Industrial, A&D, and Life Sciences sectors. We believe the market is insufficiently pricing in the likelihood of an FY20e earnings recovery which we see as being probable given i) economic and customer-led indicators are exhibiting signs of stability in key industrial laser markets, and ii) FY19e expectations have been reset to reflect a cyclical downturn. With risk-reward tilted to the upside, we initi ....