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...
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