Monty Rakusen In April, I believed that welding play Lincoln Electric (NASDAQ:LECO) was doing really well. After demonstrating on solid share price and operating gains, shares commanded a premium valuation compared to the wider market. This came amidst the recognition that the business was benefiting from long-term megatrends, among others, related to infrastructure and renewables. While the long-term trends are sound, the company is suffering from current weakness in automation, and in particular chall ...