Sandy will boost demand for transformers, switching gear and other electrical equipment made by...


Sandy will boost demand for transformers, switching gear and other electrical equipment made by Eaton (ETN +4.3%), CEO Alexander Cutler tells WSJ, as flooding and wind damage that devastated NYC and nearby areas will require replacement of electrical equipment in many buildings as well as power lines. ETN earlier said its Q3 earnings fell 5.5%.
From other sites
Comments (2)
  • Paulo Santos
    , contributor
    Comments (34898) | Send Message
     
    It doesn't make a whole lot of sense to buy stock in a company whose price reflects many years of earnings on account of a temporary factor affecting 1-2 quarters which everybody really knows is temporary.

     

    That's instant musical chairs.
    31 Oct 2012, 03:56 PM Reply Like
  • read more than headline
    , contributor
    Comments (9) | Send Message
     
    Isn't that what the whole market is about now? Same thing for a company that has minor revenue miss or sees a short term issue and instantly loses billions in market cap.
    31 Oct 2012, 05:15 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs