Industrial Automation stocks slide
During the past months, the stocks of several major industrial
automation leaders have been sliding significantly.
Honeywell (HON) and Rockwell (ROK) traded at their 52-week
low this week, on profit-warnings and general bad news.
Emerson (EMR), Eaton (ETN) and Danaher (DHR) fared a bit better,
but their stocks too have gone nowhere in the past year.
Tyco (TYC) has hit some rough spots, but seems to be recovering.
You'll find lots of interesting information, with graphs, charts,
facts and figures on the web. Take a look for yourself on the
Yahoo Financial news website:
To round out the majors, Siemens, ABB, Schneider, Invensys
and Yokogawa are a bit more difficult to track, since they are on
several different foreign exchanges and their stock prices are
quoted in a hundred different currencies and formats. But their
stocks too have been going nowhere fast.
Pinto's Analysis & Predictions :
At $ 75b sales, and $100b market-valuation, Siemens is still the
largest fish in this pond, looking for further feeding to fuel its growth.
Honeywell is stewing in its own Allied merger juice and will
probably sell-off Industrial Automation (IAC) when someone
makes a good enough offer to bypass their protests that it is not
yet available. Or, if no one is bold enough, they will eventually
piece-meal it off.
Rockwell, has sales of $7b and a market-valuation of $ 6b.
Eaton has sales of $ 9b with a market-cap of $5b. These two,
with proximity in both Milwaukee and Cleveland, should be talking
seriously before either, or both, become targets. Smaller Danaher,
sales $ 3b and market-cap $ 6b, is probably eyeing them both even
as we speak. Invensys is busy with Baan, pruning for profit. Which
leaves Emerson, with $ 15b sales and $ 26b market-cap, either
ready to acquire or be acquired.
Quote : "You're either the steamroller, or part of the pavement!"
My article gives you the background on these machinations :
My previous tome includes sales vs.
market-cap for all the industrial automation leaders :