In one bad quarter, ABB (ABB)
appears to have undone a lot of the goodwill it had built up over the
past year. Investors have been nervous for some time about ABB's very
active board (which has led to two premature CEO departures), an
uncertain M&A strategy, and the company's business mix, as well as
its uncanny tendency to do well/poorly when others are doing the
opposite. While the stocks sizable decline in the wake of the first
quarter disappointment seems a little extreme, ABB is likely to find
itself back into the "show me" penalty box of Wall Street.
Read more here:
ABB Gets Fried By Its High Voltage Business
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