Here is what J.P. Morgan has to say about EMR earnigns release tomorrow.
C. Stephen Tusa at J.P. Morgan Securities said he expects Emerson Electric to miss fourth quarter estimates and suggests shorting the stock into its earnings release.
one more thing . . JPMorgan, ML and the like need to do their homework regarding EMR. They DON'T miss their numbers - history proves that they don't. A VERY GOOD and WELL MANAGED company. Pay ain't the greatest but management is the BEST!!
Do any of you work for EMR? If so, you know this company will cut and/or freeze spending to make their numbers. They rarely take risk and they know the qtr before what their numbers will most likely be for the upcoming qtr. Because they don't take risk, this is the type of company investors love in times like this. EMR knows how to handle rough times, the knock on them has been in the good times. It would have to be some really dark times for EMR to miss year end estimates. At$36, I will I had money to invest more.