@@@@guidance for Q4 (Dec), sees EPS of ~$0.23 vs. $0.41 Capital IQ Consensus. ABB said its Q4 results were adversely impacted mainly by charges for storm-related project delays and some operational issues in the Power Systems (:PS) division. Additional restructuring-related charges were taken in response to the division's soft order intake in 2013. The co also booked non-operational charges related to certain Group legacy issues.
PS operational EBITDA was impacted by ~$260 million in charges resulting mainly from delays to offshore wind projects caused by severe winter storms in the North Sea in December and some operational issues which are being addressed with the enhanced realignment program. Storms like this slow down installation processes and operations, which has costly knock-on impacts and delays on related activities and time schedules.
Net income was impacted by the PS situation outlined above and some non-operational items. These non-operational items included ~$50 million for additional restructuring-related charges in response to the soft 2013 order intake in PS, as well as charges for some Group legacy issues.
The co expects free cash flow for the full-year 2013 to be ~in line with 2012 despite the negative cash flow from operations in PS.
Swiss index is at 8,343.80 and is less than 1% from 52 week yearly high
Swiss ABB N (ABBN.VX) is less than 0.25 from 52 yearly high
ABB is a major component of Swiss index, just like GE is part of Dow Jones Average.
ABB is the more than GE and is the world leading company. Please see ABB profile and also see the web site
Sector: Industrial Goods
Industry: Industrial Equipment & Components
Full Time Employees: 146,100
2013 End of the year window dressing, and low volume up move during the last few days of December 2013, by intuitional managers to get bonus is a normal. This is called over indulgence and indigestion. Stocks go up on low volume and then fill the consolidation with 5% to 7.5% of the new high.
I have done lot research and according to institutional research ABB rating is 8.9 Bullish. In next few weeks I expect this number to move and more on buy recommendations.
The bids and offers are above 1000sahres and ABB last trades are at 25.8399. (Four decimals)
Please see also ING, both including ABB are my long-term investments.
Here are some good investments for 2014.
ABB, ING, WX, RDY Foreign
I bough IBM in 2013 and it just kept going down, but 2014 dogs of Dow is doing very well.
Please sit back and enjoy this up move will last more than a few months.