Peter Nachtwey said:
At $66 it was a sell and you did well. Now is it a buy our sell at $43? Look up the P/E and dividend compared to other tech companies. Next use your knowledge of the PLC industry. Do you think Siemens or others will hurt ROK? If you do you should be investing in those companies. Otherwise pick p ROK $23 than what you sold it for looks like a good deal.
First of all, like you said Peter, my knowledge is in PLCs, mainly in the steel and fabrication industry but steering towards the environmental industry, so I'm not in the business of giving sound financial advice and my comments are only my opinions.
But I did use my knowledge of the industry to make my decision. Mainly, I feel Rockwell is a good indication our industry as a whole. I don't care if you call it a recession, an economic downturn, or whatever the latest political buzz word is, I think we could all see the writing on the wall then that industry wasn't growing as much.
One thing I learned from the last time this happened from working at my former employer was that when everyone else was picking up the pace again and getting off the beans and rice, our hours were being cut and they were asking us to use our vacation if we had it. We were the last ones to feel the affects and also the last ones to get out.
But that, along with the fact that the steel industry has just been strong this decade, and the weak dollar is making it a good export seemed to make it a good buy, so I put a large portion of it with my former employer, Steel Dynamics (STLD).
But back to your original question Peter, is Rockwell a good buy at $43.72? Absolutely. Will it be a good buy around November at or below $50? I think so...but I'm PLC guy, how can I know for sure.
But is STLD a better buy at $30.29? I think they will continue to grow through the end of the year, while most others will remain stagnant.
Of course, like I said, I'm a PLC guy. So before some of you get thinking that you can make more money day trading than programming, you should know that I don't personally invest my retirement in the stock market. I had some stock options, others were given to me, and I've put some money into it. While I've done very well in the stock market during these slow times, it's dumb luck and I could loose it all tomorrow. I have a qualified financial adviser invest most of my money for me. My buying and selling stocks are more of just playing around. I use it more to find new markets for TW Controls.
I don't. Their info is old and too old to be useful because every one has beat you to the punch.
I do disagree with this...to a point Peter. I think you should use all tools available to you, especially right now. I could have kept my nose stuck in the steel and fabricating magazines, but would I have ever learned of the waste water industry that way? And if I had never got into the waste water industry, would I have ever got into the lumber industry, the semiconductor industry, or the nuclear industry?
Another company taught me that. They made machines to roll automotive frames. They could have kept hunting for new automotive work, but they hunted outside of their industry, and learned discovered that the storage industry was growing. They soon learned that they could roll shelfing faster than it could be stamped, and now they are almost completely out of the automotive industry.
While I'm sure you don't keep your nose stuck in the Lumber magazines, I think you see my point. It is down right now and I'm sure you feeling the effects at least a little. I see the financial as just another tool to help you think outside the box. You might find that your Delta controllers are suited for manufacturing that new concrete siding...or metering waste water...or who knows.
then we can give Ken that promotion
