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.
Read the full piece here:
Emerson: Doing It The Hard Way
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