This has been a decidedly mixed quarter for industrial companies, made perhaps slightly more tolerable by consistent management guidance earlier this year that it would be a challenging quarter. That said, Emerson (EMR) has been on a concerning streak of late with uninspiring quarterly performance (relative to expectations) and low order growth. Although management has remained rather consistent in tone and substance, Emerson's shortfalls are increasing turning it into a "show me" story with investors.
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Emerson: Doing It The Hard Way