Here we go again! Parker has great results and the market seems to ignore them and dwell on their future outlook projections. Parker consistently tends to be overly conservative on their future outlook and why? To satisfy the investment analyst reputations on their recommendations to the investing public. They're guaged on how well they do and Parker doesn't want to upset them with more realistic lofty projections which if not achieved would tend to reflect on the analyist recommendations to investors. They don't give Parker credit for what they've done, they only care about what Parker is going to do. Granted this is important to short term investors but long term, Parker has proven over time to be an excellent stock for long time holders. There is no way the market can justify the bashing Parker took so far today with the results they reported. But then this is no different than prior reporting periods. Parker definitely needs better P.R. than they are getting from both their inhouse people as well as the market and investing media.
Ginny, PH is a large cap stock. "A term used by the investment community to refer to companies with a market capitalization value of more than $10 billion. Large cap is an abbreviation of the term "large market capitalization". Market capitalization is calculated by multiplying the number of a company's shares outstanding by its stock price per share." Quote from investopedia. PH has about 150 M shares at today $81 per share.
For me slide 13 of the 4th qtr presentation is concerning. Order rates yr over yr falling for the last year and brings into question Europe and BRIC countries. I do congratulate the company for record earnings on record revenues. DEW has done an admiral job of steering this company. I am a buyer at $65 and seller at $95 based on strong fundamentals. Eaton will soon be a Irish company to avoid US taxation and should be remembered for goverment contracts.
Danzak, it wouldn't matter what is said, if it's positive news our stock always go down, I don't remember the last time Parker came out with some great news and the stock went up do you? Even when we get upgraded the stock goes down, go figure.