I have lost a lot of money hanging on to losers only to see the good ones double or triple after a few years. No one is going to speculate with ABB.
Other attractive industries (to me) are those involved in fuel cell research and production, VoIP, and advanced(implementable) irrigation tecnologies. Sustainable, intelligent, environmentally synergistic infrastructure.
We still got Asia, Africa, and the entire Middle East to build.
I don't know that much about ABB,need to read more, but it appears to be focusing on its core business, and I see ABB nameplates on generators and powerswitches all over the East Bay. Thats what I'm looking for. If the exchange rate ever favors European contractors for American projects again (sooner or later,) I think we'll be looking O.K.
Best of luck
there I am reading the news from Fidelity on the asbestos opera when lo! the name Steven Kazan as an attorney for the plaintiffs pops up. Mr. Kazan did real well for the folks in Oakland after the Cypress Structure collapse. I painted his ex-wifes house, and remember having a beer with him and Kelly Swainson overlooking the Caldecott Tunnel. This was 20 years ago. Fellow always did like freeways and power stations and such. Funny.
I think ABB is going to be alright.