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The Timken Company Message Board

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  • HomeyBB HomeyBB Oct 6, 1998 1:59 PM Flag

    Looks like there was last minute support

    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

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    • 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.

29.09-0.43(-1.46%)Feb 8 4:02 PMEST