ABB Ltd (ADR) (NYSE:ABB)
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ABB Ltd. supplies products for electricity grids; its machinery and designs help utility and industry customers become more energy efficient.
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ABB Ltd. supplies products for electricity grids; its machinery and designs help utility and industry customers become more energy efficient.
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ABB is well positioned to take advantage of global industrial and infrastructure expansion. For those not familiar with ABB, if they generate electricity, use electricity, control machinery, or transmit power, they're a prospective ABB customer.
As of 5 Oct 07, ABB sells at a fwd PE of about 20, PEG of just under 1.0, has a strong balance sheet with about $2.5 billion in net cash and pays a small dividend yielding 0.7%. The company is based in Switzerland, so it provides some protection against a falling dollar. The company is looking for acquisitions, but plans on returning cash to shareholders if they haven't found a suitable target in about two years.
ABB's home page makes it very clear this is a global business, listing recent big contract wins in Germany, Argentina and Brazil.