Nordson's Rally Is Over, For Now - Barron's

Last October, Barron’s was plugging Nordson (NDSN), the maker of precision dispensing systems for automotive coatings and sealants. That’s because then Nordson’s enterprise value was at a historical low; sales were growing by double digits and earnings growth was helped by foreign market exposure and a weak dollar.<o:p> </o:p>

Now Nordson faces a fallout from Friday’s FQ3 earnings miss announcement. The company blamed a weak <st1:country-region w:st="on"><st1:place w:st="on">U.S.</st1:place></st1:country-region> economy and softness in other markets they serve like semi-conductors and high tech. Even a recovering dollar is hurting their bottom line.<o:p> </o:p>