I waited patiently for this "blue chip" all Summer, then went all the way 500 share at 15.375. I thought I finally did a stock correctly, but now it is into the 13's on no news. No other blue chip that i see has been beaten this bad. It is like Merck going from its 139 high to 45. What gives? Do I sell now before a 10% loss becomes 40% (been there, done that and do not ever wish to repeat the ride). What about flight to quality. Isnt TKR quality? It is held by many conservative funds incl. Blue Chip Value. Thanks
The past yard sticks no longer apply. industrial stocks are being driven down to levels not seen in years by a crushing deflation that will impact the wider economy in a dramatic way despite the nonsense uttered by the commentators. TKR is an excellent long term value here and I personally bought some recently. But being that said the prices may well move lower over the next weeks and perhaps months as earning deteriorate and PE ratios rise. If your time horizen is months then expect a rocky course with perhaps a serious spike down and a great opportunity to buy some more. I think though that in a few years, the investment will pay off perhaps big-time.