ABB Ltd (ADR) (ABB)
A provider of power and automation technologies that enable utility and industry customers to improve performance while lowering environmental impact.
Recs
The energy parts business has already had it's run and until solar and wind power gets a real commitment from government it will just continue without real growth.
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No body is wanting to buy a nuculear power plant any more
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Another great stock on the way down
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Looking at the chart it seems this has climbed too fast. Earnings were good but I just don't see much growth in the next 2 quarters.
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With energy prices at an all time high utility will be searching hard for profitable solutions to both themselves and there customers.
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They have stayed in a steady gain for the past year, they haven't taken a big fall like other companies have.
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We're on the verge of an exodus of money from markets globally. This stock is up significantly over the past 12 months and it will suffer a big pullback as investors flee.
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Fine company, I just happen to think its overvalued. The roughly 25% projected growth is out of line with their historical 8%. Even with this year's growth target, I don't see this stock worth much more than $18. Management is making good on their promise, but it's difficult for any company this size to grow so much.
Estimated value: $12 - 14
Recs
Technically looks a short in the ST. OK - so I'm a contrarian - I know it's highly rated by everyone else.

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