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The Timken Company Message Board

  • At 13 7/8 it's time for management to make some
    statement of reassurance. Ok, the international economy is
    bad, but this is getting out of hand - a p/e of 5, and
    a yield of 5% - the 30 year bond is only 4.7% now!!

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    • The only way to explain this is there is some bad
      news real close. I would guess that TKR will release a
      warning within the next day and what is happening now is
      selling by insiders. There can be no other reason for
      this. As you said the fundamentals and past history of
      TKR would not let it go this low without something on
      the immediate horizon. I would expect an announcement
      that will cut the dividend, otherwise there would have
      been support at 4.5%.

      I feel the way most of
      you feel, this was one of the stocks in my portfolio
      that I didn't have to worry about other than just a
      normal manageable correction. This is interesting and
      unexpected. My 7000 shares look pretty silly (and cheap) at
      this time.

34.15-0.05(-0.15%)Aug 26 4:02 PMEDT