Timken’s Losing Its Bearings (TKR)

Resource from: CBCC Likes:2958

Jul 02,2008

Timken Corp’s (TKR) stock has dropped over 20% since their report in April, when the bearings and specialty steel maker said that its earnings were boosted by “capacity-expansion” initiatives, including a new industrial bearing manufacturing plant in Chennai, India and a new aerospace and precision products facility in Chengdu, China. It’s quite possible that Timken’s current price weakness is related to their aerospace and defense products, which serve the civil aviation, defense, health, and machine-tool sectors. Weakness in North America may be another concern, where the company derives 65-70% of its overall sales. We’ve since downgraded Timken off our “Recommended” list, as we would rather be invested in other steel-related plays such as Reliance Steel (RS) or U.S. Steel (X). Timken Corp (TKR) is not recommended at this time, and currently holds a Dividend.com rating of 3.3 out of 5 stars.

()

【CBCC News Statement】
1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"CBCC".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.

Add to My Favorites

[Close the window]

Previous ZKL on Czech Raildays 2008 Fair
Next ZKL Authorized Distributors Conference Held in Brno(Pic)

BRIEF INTRODUCTION

Cnbearing is the No.1 bearing inquiry system and information service in China, dedicated to helping all bearing users and sellers throughout the world.

Cnbearing is supported by China National Bearing Industry Association, whose operation online is charged by China Bearing Unisun Tech. Co., Ltd.

China Bearing Unisun Tech. Co., Ltd owns all the rights. Since 2000, over 3,000 companies have been registered and enjoyed the company' s complete skillful service, which ranking many aspects in bearing industry at home and abroad with the most authority practical devices in China.