Snap-on: Still The Right Tool For Long-Term Returns

Mr_Twister/iStock via Getty Images In the spring of 2022, I believed it was time to snap a position in the case of Snap-on Incorporated (NYSE:SNA). Shares were trading rather stagnant at the time, while the company has seen continued growth, reducing expectations along the way, all while the state of the balance sheet has improved a great deal already. All of this looked quite compelling, with the valuation, track record and long-term positioning being compelling enough to hold a position. As it turned  ...