I think someone on this board can help me (I guess I just getting lazy).
I had a chance to look at ETN chart (it could be an opportunity to invest) and it looks ugly. There must be an event related to poor earnings.
I checked a recent financial statement that there was a non-recurring operating expense of USD 644 million. I am trying to figure out this number. Is there anyone can explain the number?
Thank you very much.
The buy point will be $58 to $59 in coming weeks. The earning report was bad, and forwarding EPS was not impressive, Zack had a "HOLD". It could be lower before heading higher.
I am looking at this stock to open a position May be $65?
I do not see us going to $70 unless Russia goes away--not thinking that is possible
Hey mad,thanks for reminding me,,this POS dropped $2 off yesterdays HOD?man this stock movesMKT pulls back some more,ETN is going at least to mid 64-65$'s! wow,jmo
Unless the management never disappoint investors for ANY top/bottomline miss with their paychecks as the collateral, any PE over 9 is rich. I sold all @ $78 knowing the management can not be the one like Google, so I folded with no regrets. But, the main play here is this company needs to be bought out or spin off to realize the potential of future NPVs. I bet you they are clueless what the projection of 5 year cash flow. Those accounting accruals fat their paychecks.
TTM PE is currently 15.6 at current levels ($4.36 eps). That doesn't appear rich to me. It could certainly go lower, no denying that. To say its going lower on valuation alone seems a bit to simple thinking for me. This is a $70+ stock all day if you ask me. If we get a legit market correction, all bets are off. However, I don't see that in the cards right now.
Unless we have a broader market correction, I see very little chance of ETN getting near the $59-62 range.