Today's Cincinnati Enquier published a column by
syndicated columnist Bob Greene devoted to the wonderful
world of bearings and Timken. It's a fluff piece, but
may raise awareness and bring in a few investers.
Sorry for not responding - I have been out of the
country (Europe). My feeling is that Europe is in a
recovery mode, but it is hard to tell if that means more
sales for TKR. Timken, as you know, has a big prescence
in Europe, so that should help. Asia is another
matter. China claims it isn't going to devalue because
they have very good foreign reserves. Japan seems to
be recovering, and certainly Korea is. The major
factor still remains worldwide overcapacity in the steel
industry. Timken does have a special market niche - perhaps
they should really shrink down to the bearings units
and get out of the general steel business. Aren't
they thinking about unloading Latrobe?
and change, TKR seem like a good buy at this point.
You may or may not realize that the timken family
is still actively involved in this company and as
mgt. not likely to go out unless they want to exit,
and as a 3rd generation company, that's not presently
likely. mgt id not the problem as much as the global
manufacturing slump. TKR is the premier bearing co however, and
they'll do fine as things pick up
There is a long term line of SUPPORT by
connecting the lows since last October. We are hitting it
now. It must break this. However, there seems to be
alot of buy orders below 17.50. Mine hasn't been
executed yet so I know this.
BTW the lines
connecting the top show a wide trading channel. Hope we get
a pop that goes to the top of the channel. Once my
buy order gets filled.
Thanks. increased demand from asia and additional
activity forecasted in the oilfield are certainly some
upside opportunities for TKR. Do they have domestic
exposure to steel if traditional industries experience a
Anybody else been hearing that new layoffs and
reorganizing is going to come to Timken salaried workers? Or
it might be more likely to happen now with Standard
and Poors Negative outlook for Timken. What does it
mean for the stock that S and P labeled Timken this
does anybody know when they traditionally do it
for this quarter? Their history does not include
cutting dividends (the last ten years at least from the
annual report). It seeems that they are taking a long
time to make the announcement.
Are you actually in a short position or are you
just down on the stock? I am techically in a neutral
stock position with Timken and I am long term bullish
but have been trading the upticks a little. I don't
see how with the dividend that the stock can be more
that a couple of dollars away from the absolute
bottom. Being short that close to the bottom is somewhat
risky considering the last quick run up.