Hi sam, good to see you are still out there, I haven't followed the board much after the spammers took over, ever hear of anything of " #1big brother " anymore Eaton is still the best stock I own, hang in there.
Thats rediculously why would there be no shares available? I won't short this company but i am working on building a position in the 2x inverse s&p and Dow. Not to mention the wilshire
Stock has run like crazy, definately possible it drops 10-15% - probably should. But it is projected to make 5.21 in 14, its trading at a 14.5 forward PE today, as 2013 solidifies it could start trading at 14.5 of 14 earnings or $75 - thats a risk of a 20% pop and paying a dividend while you wait to see how it works out plus every time the CEO opens his mouth the stock pops because the story is so good right now. I have to believe there are better opportunitites out there
I concur that the company is excellent and well-managed ... The major threat I see intermediate term is macro in nature ... indexes reaching new highs, some story hits the wires and then BAMM we're down to the $50s. Not company specific. Could be politics, or Korea, or the Euro, any number of factors. That would be a good time to accumulate. I wouldn't be a buyer at these levels.