Emerson Electric (EMR)
hasn’t been left behind in the recent industrials rally, but it also
hasn’t really distinguished itself as an outperformer, as it seems that
the Street is concerned about the risks of slowing non-residential
spending (particularly in China) and weaker process automation spending
in the face of weaker oil prices. My concerns have more to do with the
fickleness and short attention spans of institutional investors; Emerson
has most likely passed through its point of peak growth, and I have
some concerns that the shares could underperform as investors look for
more exciting stories.
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Emerson Not Expensive, But Slowing Growth Is A Concern
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