Estimates for EMR's first quarter sales are for 5.60 billion, down from last years 5.81 billion. Estimates aren't looking any better for quarter two. The strong dollar and heavy sales to the oil patch are doing EMR no favors.
With MAT hitting 52 week lows, it appears institutions do not want to show MAT in their first quarter holdings. Next week, with quarter one in the rear view mirror, buying into MAT might begin.
MAT's balance sheet shows nearly a billion dollars . At some point, the value of the franchise as well as all that cash will lure someone in, if the stock price keeps dropping.
Selling today at 24 and change, MAT is oversold. It's selling at an eight year low. The problems they have will eventually be fixed. The dividend is six per cent. If they cut it by 25% it will still be above average In a worst case scenario, cutting it by half will still result in a 3% yield. Money is often made by buying an out of favor company at a distressed price, rather than trying to chase a company whose stock has been bid way up, MAT fits the bill if you are bottom fishing for a decent company at a better than decent price.
EMR hit a 52 week low today. I guess the strong dollar and EMR's significant oil patch business ensure poor earnings results for the first half of 2015, as judging by the stock action.
Two prominent members of the CLF board are not believable for opposite reasons. Surf gives reasoned, intelligent posts but has been incorrect about CLF's prospects for years. Solarmanmike does not give reasoned, intelligent posts period, and should not be taken seriously because of that. At least Surf is a likeable individual with a level head on his shoulders. Solarmanmike, in my humble opinion, based on his often shameful and hurtful postings, is not.
""Second Opinion" today downgraded EMR to "avoid". That insight would have served investors better had they said it much earlier when the stock was at 69, not now when the stock is at 56.
At 3:30 today STLD stock is down about 13% from its price in the latter part of February, with no news whatsoever regarding STLD or the industry it's in. This selloff is overblown, as good economic news is good for the steel industry. It's not a utility or phone company.
Prior to today, I had read somewhere that EMR had the largest exposure to the oil patch among the big stocks thought of as industrials.