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Timken Co. Message Board

  • mentges mentges Dec 9, 1998 2:20 PM Flag

    Layoffs

    I was in Canton last week, and saw the large
    headlines in the Canton Repository - "Timken announces
    layoffs." The article indicated that Timken is taking
    agressive steps to be more profitable, and keeping costs
    under control. The company should be well positioned to
    make a comeback in early 1999.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • I am a TKR hourly employee who has been with the
      company for 17 years. TKR is rapidly making changes to
      improve the companys profitablity, but I think this will
      not heal the stock price immediately. Inventories are
      high within the company which is creating the layoffs.
      As far as the fundamentals the company is sound and
      should start to improve mid-99. As a chartist all lows
      have to be retested usually, the 100 ma is acting as
      resistance and the 50 as support. After retesting I think it
      would be time to start getting positioned.

 
TKR
48.25-0.40(-0.82%)Jul 25 4:01 PMEDT

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