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Columbus McKinnon Corporation Message Board

  • jrad52 jrad52 Oct 25, 2012 9:54 PM Flag

    Quarterly results

    Results were reasonably good, I thought, even tho the market reacted negatively. Sales were down slightly, but the company explained this was mostly due to fx, also fewer shipping days in the Q and the disposition of a product line. Considering how small CMCO is, I doubt the analysts estimates reflected these items. Margin up slightly, even after increased amortization of the underfunded pension expense from AOCI to income.

    I bought a few more shares today, hoping for a bounce after people thought about the results. Unfortunately, with AAPL's results tonight, I think the entire market will be down tomorrow and CMCO will be cheaper.

    FWIW.

 
CMCO
27.40+0.04(+0.15%)Dec 19 4:00 PMEST

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