"But it's a cyclical company, and shares were selling at a significant discount based on future earnings."

Right now, a major theme is the revamping of cyclical European companies.

A. It used to be a big construction equipment maker and a very cyclical company.

If it is a short war, you are going to have a huge decline in oil prices, and that will benefit cyclical companies.

This type of analysis led the firm to concentrate on cyclical companies in recent months.

"In that kind of environment, cyclical companies tend to perform well."

For cyclical companies, he aims to pinpoint where they are in the industry cycle.

It is probably a horrid time to tie up money in shares of a cyclical company.

In fact, they think it will spread to larger industrial concerns and cyclical companies.

Some of the cyclical companies, which perform well when the economy advances, also gained.