Earnings have been flat for the past several quarters. Although they have kept their finances and balance sheet positive, their product mix was going down the tubes. They have been retooling and for several quarters and it appears with the 6 cent a share quarter, they are finally showing some growth. The question now is if they can keep it going. If they can, $5 is possible in a few quarters if it would go 20 times earnings.
I think maybe ABB may need some new accountants. I read on their news updates constantly of all the incoming orders that they recieve, but apparently they must do this work for free or at a loss, because their earnings never seem to go up. Do they not know how to price their services?
That is a good question. For as long as I've had this stock they have payed an annual dividend. I did notice this years was reduced, so maybe that is why....
I will wait for the earnings before putting anymore into it . Another stock that pays a high dividend and is down for no apparent reason is Ainv. Good luck to all..
There is a new high strength steel in the works that will supposedly one up the aluminum....look for it 2017 models...
If this pacific rim trade agreement is what the politicians are claiming, I would think it would help slow the imports and stabilize the price. But then again, they could be blowing smoke and like all the previous trade agreements, make it easier to shift labor to low wage countries and deplete more of the middle class while the top tier gets even fatter.
This stock is selling less than 9 times next years earnings, which was recently revised upward, Is selling about 1 1/4 times book value, and has an incredible dividend that gets raised every quarter. What is the problem here?