968 days ago • Posted by Djellza Kolloni
Since mid-August, Cathie Wood has bought Komatsu almost every day
Since the middle of this month, Cathie Wood has been expanding her stock in Japanese construction machinery behemoth Komatsu Ltd. virtually every day. Even as earnings upgrades continue and the US draws closer to completing the $550 billion bipartisan infrastructure program, Ark's investment comes at a time when the stock is down more than 20% from its year-to-date high in March. The Americas account for roughly 37% of Komatsu's revenue. According to Ark's website, ARKQ presently has more than 2.9 million Komatsu depository receipts valued more than $70 million. Source: Bloomberg
