Stephen Simpson, CFA
Long only, growth at reasonable price, value, research analyst

ABB Gets Fried By Its High Voltage Business

In one bad quarter, ABB (NYSE:ABB) appears to have undone a lot of the goodwill it had built up over the past year. Investors have been nervous for some time about ABB's very active board (which has led to two premature CEO departures), an uncertain M&A strategy, and the company's business mix, as well as its uncanny tendency to do well/poorly when others are doing the opposite. While the stocks sizable decline in the wake of the first quarter disappointment seems a little extreme, ABB is likely to find itself back into the "show me" penalty box of Wall Street.

One Very Weak Operation Wrecks The Quarter

Saying that ABB is did well outside of its high voltage...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details