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Bill Nygren Comments on Kennametal

October 08, 2013 | About:

Kennametal (KMT) is still operating well below our estimate of mid-cycle earnings though managing expenses consistent with our expectations such that incremental profits from an eventual recovery in demand ought to result in substantial profit improvement.

From Bill Nygren's third quarter 2013 Oakmark Select Fund commentary.

Rating: 3.0/5 (1 vote)

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