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Timken Co. Message Board

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  • ksmith1998 ksmith1998 Dec 9, 1998 10:08 PM Flag

    Layoffs

    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.

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TKR
44.88-0.42(-0.93%)Sep 19 4:00 PMEDT

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