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The Timken Company Message Board

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  • mentges mentges Sep 10, 1998 4:24 PM Flag

    time to buy?

    I am finally giving in and putting in a buy order
    tomorrow for some Timken stock - I always keep my eye on
    it, but most of my investments are in technology and
    retail, because I feel U.S. based heavy industries are in
    their sunset years. BUT - at a PE of 6.5 (based on
    today's price) I can't pass it up. I have NEVER seen a pe
    this low - and a dividend!

    Question: with the
    international meltdown of Asia, Latin America, won't those
    countries flood the market with cheaper steel? The basic
    problem in Korea, Japan, etc. is overcapacity, and Japan
    steel companies are going into bankruptcy. Won't Timken
    be impacted by "steel dumping?" What is the worst
    case?

 
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41.28+0.72(+1.78%)Dec 17 4:02 PMEST

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