$38.14
0.92 (+2.47%)
Thomas & Betts Corp (TNB)
CAPS Rating:
The Company is a designer and manufacturer of electrical components used in industrial, commercial, communications and utility markets. Also produces highly engineered steel structures, used primarily for utility transmission and commercial heating units.
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Sure they stand to benefit from stimulus spending. But, they just reported their first quarterly yr/yr revenue decline in years. Their revenue missed expectations. And they are expecting revenue for 2009 to come in 12% less than 2008. I think it will be even worse, just from the fact that this is one of the few companies that is still trying to paint a rosier picture than reality. Most companies are setting investor expectations real low. 18% pop, I think not.