sarcasm will get you everywhere the answer is no i didn't like it when orders were coming in like crazy it was obvious there was overcapacity everywhere you went they were building crap that would never be filled with whatever they dreamed of filling it with bby across the street from cc low across the street from hd wmt from tgt fdx picking up next door to ups len building next to ctx and bzh and banks giving out 125% of the value of the purchased property to borrowers no ... i didn't think the good times would last
truth is i never really like industrials at all for lots of reasons but mostly because of the pensions and large amounts of debt and high labor costs industrials are like airlines in that they don't make alot over a long period of time and i have a very long investment time horizon
emr rok utx hon are bearable for their process and flow control businesses but not when china is boarding up businesses like they are now regardless of what the news prints
industrials have a tough road to hoe from here look at utx with otis orders down like 43% or so the orders aren't coming in and there is alot of overhead fixed costs are a bear to overcome
I agree with this 98%. But the beauty of some Industrials is that their earnings/sales are based on MRO business also, and you don't necessarily see their quarterly sales effected quite a quickly as other businesses.