Koninklijke Philips Electronics NV (ADR) (NYSE:PHG)
CAPS Rating:
The Company provides healthcare, lifestyle and technology, delivering products, services and solutions.
The Company provides healthcare, lifestyle and technology, delivering products, services and solutions.
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Recs
With the divesting of volatile Semiconductors and focus on healthcare, LED and conventional lighting, and electronics, and minimal debt, Philips will outperform S
Transcript of the 2009 4th quarter earnings conference call makes a few of things clear: Excellent focus on reducing overheads, improving margins, improving free cash flow, not re-purchasing stock in a still uncertain economic environment, and deploying cash selectively to buy businesses that will help grow top line. CEO Gerard Kleisterle and his management team have executed well in a difficult 2009 env and appear committed to steer towards growth and increased profitability. Market almost always undervalues PHG because of mis-steps of the past and is still in a show-me mode. However, an impressive 7+% gain on Monday when rest of the market was in the negative and price increases on Monday and Tuesday at volumes 3 times the normal 3-month average volume speaks volumes (pardon the pun) for mutual funds and other investors interest in PHG