Trimble: Growth At A Very Reasonable Price

LivingImages/E+ via Getty Images Trimble (NASDAQ:TRMB) stock appears to have bottomed after a 30-month downtrend that has left it 44% below its peak in September of 2021 (see graphic below). However, the company should continue to benefit from a relatively solid macroeconomic environment. In my opinion, Trimble's Q3 report in November was much better than generally regarded and the drop in the stock price was quickly recovered. Meantime, shares are trading at a TTM P/E=39x and might appear expensive wer ...