NACCO Industries, Inc. (NYSE:NC)

CAPS Rating: 5 out of 5

An operating holding company with three principal businesses: lift trucks, housewares and mining.


Player Avatar badfish1968 (71.13) Submitted: 8/14/2008 9:17:31 AM : Underperform Start Price: $97.71 NC Score: -15.97

The Hamilton Beach Housewares LOB concerns me with the slowing economy; mining, especially coal, is suffering from an increasingly adversarial relationship with MSHA, the regulatory body for mines.

Essentially, I see them involved in two sectors that are very volatile right now; agriculture and (through their coal mines), energy. Their third LOB is consumer driven. All that put together makes them beholden to too many factors beyond company control, so I'm calling Bear on this one.

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