Kronos Worldwide, Inc.
KRO
position
long
Tweedy, Browne
Thesis
Kronos was bought by Tweedy, Browne as part of their strategy to invest in companies that had fallen in price, indicating a belief in its recovery and growth potential in the beverage equipment industry.
Did it work?
failed
confidence: high
The stock price of Kronos has only increased by 10.9% over 214 months, which is significantly below expectations for a long investment. Given the long time horizon, the lack of substantial price appreciation indicates that the thesis of recovery and growth potential in the beverage equipment industry did not materialize as anticipated.
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