I've commented before that Emerson Electric (NYSE:EMR)
is an “it's always something” company – there's always something going a
little wrong with some part of the business and creating worries for
long-term investors. To that end, while Emerson's reported sales growth
was actually pretty good on a relative basis this quarter, the incoming
orders look ugly, management sounds pessimistic about the second half,
and there are still serious issues in network power. While I do believe
Emerson would be worth more than today's share price if it could fix its
persistent problems, I have incrementally less confidence that
management can.
Please follow the link for more:
http://www.investopedia.com/stock-analysis/050813/emerson-more-realistic-not-necessarily-better-emr-abb-hon-ge-etn.aspx
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