Every investor has their “enough” point, and I’m getting there with ABB (ABB).
Despite a pretty healthy environment for electrical and automation
products in general, and strong market positions in many of those
markets, ABB has spent a lot of its recent history going nowhere fast,
pulled down by weakness in the Power Grids business, weak utility
demand, and a series of ongoing restructuring and M&A integration
initiatives. Comparisons to companies like Honeywell (HON)
aren’t really fair, but it has been a while since ABB investors really
had a lot to cheer about, and third quarter results don’t really seem to
represent a break with that trend.
Read more here:
ABB Still Spinning Its Wheels
No comments:
Post a Comment