Published on 16 Oct 2023 on Simply Wall St. via Yahoo Finance
Alamo Group Inc. (NYSE:ALG) shareholders might be concerned after seeing the share price drop 14% in the last quarter. But that scarcely detracts from the really solid long term returns generated by the company over five years. In fact, the share price is 107% higher today. We think it's more important to dwell on the long term returns than the short term returns. The more important question is whether the stock is too cheap or too expensive today.
So let's investigate and see if the longer term performance of the company has been in line with the underlying business' progress.
View our latest analysis for Alamo Group