It is almost funny were it not tragic how these pundits predicate to the world, The sky is falling, because the fed is finally restoring a little value to the money.
They have the scene backwards. A moderate tapering is good for the economy. That includes the emerging markets.
Two cases in point Chile is being punished for electing a moderate that will permit a social compact that includes all parties for lasting solutions.
In the case of TKR they forget that a company that sells an essential component of industrial life, is not captive of only new products. If the economy were to slow down, then refurbishing becomes a valid and valuable alternative.
Well such it is the world Shortie with help of our great congress has given us. Tax breaks to those that dismantle the works.
Have a nice week end.
Maybe Gabelli is unto something.
Maybe the Timkens are not your typical gringo tubs of lard and they are/have crafted some surprise for the 30.
I for one would love for them to show relational some back bone by having run the co. Well and forget the silly split.
What a tragic comedy. I hope relational is happy.
TKR should be $80 not $ 50.
Unfortunately they were not alone. The Timkens, should have fend them off more forcefully.
Now we all loose.
Question is, who gets the bearings business and at what price? I don't seem to be able to find anything at all about it on the SEC filings or news sources. Hmmmm.
Then again in the fables, greed cost the cat his life.
I am a stock holder of CTB too and they were the target of an acquisition that went sour when the lending sources and buyers got too greedy and tried to extort a better price that what had been bargained by peculiar maneuvers. It is still boiling and who knows what will happen in the end.
I think TKR is worth well more than current share price.
I was wondering about that as well. With the spinoff coming up and current mgmt. staying with the steel business, it would seem logical for some competitor to want to pick up the bearings business, perhaps at a discount??
So does this mean that the bearing business will likely drop the Timken name? It would seem odd that both businesses will still be "Timken" is this is a clean split. Anyone heard anything else about potential buyers for the bearing portion? That would almost make sense now.
I'll keep some TKR but for the most part.
I am hearing great things for AMD the Xbox and Play station are sold out and the bit coin lite coin trend buying out all of AMD parts.
1. AMD is a more secure investment than a year ago.
A. $1.2 billion in cash.
B. $873 million in account receivables.
C. Secured line of credit of $500 million.
D. Q3 revenue grew over $300 million returning AMD to a profit.
E. Q4 Y over Y revenue is expected to grow $500 million +. Giving AMD another profit as compared to Q4 2012 loss of hundreds of millions.
F. ANALYSTS EXPECT AMD TO POST A PROFIT FOR ALL OF 2014
Sentiment: Strong Buy