Two very good posts. Ihave wanted to buy this stock because of the rep and incredible PE. dividend ain't too shabby. 2nd poster states the facts that I tend to be in denial about (very expensive denial) so I always appreciate sound investing perspective. 1st poster owns stock in a stellar co and long term payoff seems inevitable. Everything I've ever seen from Swiss, from time pieces to tablesaws is topshelf state of the art. Looking for the right entry point.
I've been with this stock for a long time from the upper there dollar range. In an uncertain world economy this is a good repository for my capital. This process engineering and electrical component company is going to exist and prosper. I watched them recapitalize and reorganize management. I think it is now very well managed. It is a company of neutrals who can do business anywhere. Not many in government or politics are concerned about the swiss or swedes exercising undue influence in their affairs. Doesn't the strength of the swiss franc give some comfort against the backdrop of euro turmoil. I would buy more at this price but I am already heavily in. Good luck, I want you all to prosper which is the American way.
Wait until late in the year. The debt turmoil in Europe, the employment stagnation in the US, and potential inflation in Asia are a bad combo. I bought into ABB very fortuntely at $11 back in 08/09 and recently sold before the mess go worse. By my thinking, ABB will be available roudabout $15 sometime in Autumn. That, my friend, strikes me as a strong point of entry and one with fair likelihood. In a few years, ABB will be back in the high twenties.
Good points all, but I'm buying into this downdraft, especially on days like today.
ABB has been, and will again be, one of my core holdings.
Todays action makes me think it will go lower, when I originally thought 18 might be the low. 15 seems too low, but markets overshoot all the time. Regardless, no one knows for sure. Stay with the quality companies through these times and you will do fine in the future.