Why is this stock sucking so bad? One of the best stocks over 20 years, and I plan on holding 20 more but it would be nice to be going in the other direction. What gives? Starting to wish I just bought BUD or ATT and took a nice dividend.
I assume if you haven't already gotten the drift, most indications are that DHR is botching the Tek acquisition it made for $2.85B. While it is only one of the many DHR companies, the jury is out on how much impact flushing this kind of money for a company only to make large cuts in people and products will have.
The market appears to be measuring how much choking the DHR beast will do while Tektronix is chopped up, digested, and crapped out.
I agree wholeheartedly with the previous two comments. Tektronix was just too big an acquisition for DHR to swallow and apply DBS, especially with the continuing discontent ever-present in all DHR's acquisitions by technical people & engineers. The more high-tech the acquistion, the more difficulty I expect DHR to have applying DBS.
Remember, too, the piss-pour stock mkt environment we find ourselves in with no end in sight