"Secondly, America is not getting away from coal fired power plants. We are building several of them. ABB is in great position as long as we are winning the contractual bids to supply these plants with electrical equipment. " I hope you're right.But as Obama said here..
.48 chf its doubled every year for the last 3 yrs. gets paid once a year usually late summer. Its safe but whether it increases again this year probably but token amount of increase. 1.6 bil chf left in the share repurchase program authorized in Feb over a 2 year period. Yields around 4%. The company hasn't bought any stock in awhile and I have to go back and look but two year program authorized feb of 08 means 1.6 bil should be spent at a much faster pace the coming year at lower levels.
And the coal issue, Dr. Chu has stated on record "I hate coal." So not sure where coal fits in this picture but doesn't look promising with cap and trade looming and an energy secretary who doesn't like it.