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The Timken Company Message Board

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  • mentges mentges Oct 1, 1999 4:33 PM Flag

    Unexpected PR

    Sorry for not responding - I have been out of the
    country (Europe). My feeling is that Europe is in a
    recovery mode, but it is hard to tell if that means more
    sales for TKR. Timken, as you know, has a big prescence
    in Europe, so that should help. Asia is another
    matter. China claims it isn't going to devalue because
    they have very good foreign reserves. Japan seems to
    be recovering, and certainly Korea is. The major
    factor still remains worldwide overcapacity in the steel
    industry. Timken does have a special market niche - perhaps
    they should really shrink down to the bearings units
    and get out of the general steel business. Aren't
    they thinking about unloading Latrobe?

    At 15
    and change, TKR seem like a good buy at this point.

34.59+0.19(+0.55%)Oct 25 4:02 PMEDT