Why these market watchers say the AI play has yet to unfold, but inflation will still be key in 2026 - part 2/2
December 26, 2025 • 6m 31s
Contessa Brewer (Correspondent)
00:00.110
justin
i
see
that
one
of
your
focuses
here
is
a
company
called
belden
which
is
more
about
automation
and
robotics
as
a
play
on
AI
sure
Justin Bergner (VP & Senior Analyst)
00:11.870
yeah
so
we
are
bottoms
up
value
based
stock
pickers
and
a
name
that
we
like
is
belden
which
is
saint
louis
based
five
billion
market
cap
it's
a
beneficiary
of
north
american
automation
spending
getting
two
thirds
of
its
ebitda
and
half
its
revenue
from
automation
spend
but
it's
Justin Bergner (VP & Senior Analyst)
00:28.030
also
making
inroads
into
solutions
for
data
centers
and
agentic
AI
in
the
industrial
manufacturing
setting
trades
you
know
quite
inexpensively
at
eleven
and
a
half
times
two
thousand
twenty
six
ebitda
in
fifteen
and
a
half
times
earnings
and
certainly
can
we
rate
upwards
versus
Justin Bergner (VP & Senior Analyst)
00:46.990
other
automation
names
that
you
know
are
more
standard
automation
names
that
trade
at
significant
higher
multiples
so
you
know
you
put
a
thirteen
times
multiple
in
a
high
teens
EPS
on
the
stock
and
you're
probably
looking
at
a
hundred
and
sixty
dollar
stock
out
two
years
with
Justin Bergner (VP & Senior Analyst)
01:03.710
good
long
term
trends
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