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Actuant Corporation Message Board

  • LeftyMd LeftyMd Mar 19, 2005 1:14 PM Flag

    ATU's Recent Drop

    Earnings beat expectations..ATU dropped about 5 points. Spillover from WGO's miss or current down market gyration?

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    • Forward guidance given was slightly less than some analyst expectations. A large drop in recreational vehicle area (I wonder why?). I also got the impression from the conference call that the analysts would like to see more transparency in annual comparisons to core business (removing new aquisition revenue and earnings). I suspect this combined with a choppy market led to the recent share price drop.

      For what it's worth - I personally feel Actuant is a well run company and this recent pullback is a good buying opportunity.

 
ATU
23.60-0.59(-2.44%)Jul 25 4:02 PMEDT