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epeon

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  • ABB Management Discusses Q2 2012 Results - Earnings Call Transcript [View article]
    I was reading about this adjustment and that adjustment so it really wasn't all that bad. Sounds like Obama, full of excuses.
    Jul 29, 2012. 03:41 PM | Likes Like |Link to Comment
  • What's Going On With 4.1% Dividend-Yielder ABB? [View article]
    ABB is not a bad company but not really outstanding, either. Its automation business is very much an "also-ran" and does not have a dominant position in the US. Sure, its sales are up in the US but that is mainly because it has been depressed so long. Hogan's announcement that he is resurecting Harmony indicates that a decade of R&D and marketing direction hasn't produced anything better. Not something that excites me.

    Its earnings have missed expectations and it is no secret that Europe is in bad shape. So my expectations for ABB are rather mediocre. Maybe if you can get if for $10 to $12 than it would be ok.
    May 15, 2012. 01:55 PM | 1 Like Like |Link to Comment
  • One Bad Quarter Doesn't Knock Out ABB [View article]
    I work in the automation business in the US and I can tell you that ABB is not even an also-ran. Rockwell, Emerson, Honeywell, and Yokagawa all have bigger US shares than ABB. ABB has a good position in Europe, but Europe is a flat market.

    The 800 XA is, at best, a mediocre product. Just too difficult to engineer and the market knows it. Outside of automation ABB may be a better company.
    May 1, 2012. 04:41 PM | Likes Like |Link to Comment
  • ABB: Deja Vu All Over Again [View article]
    First, in any area that I have knowledge of, ABB is a best a second tier player. Secondly, they just don't have a history of good management. Third, they pay 18 times earnings for TNB? This is a retailer. Not really a fit for anything else they do. I am just astounded at this price. Has ABB overpayed again?
    Feb 23, 2012. 07:01 PM | Likes Like |Link to Comment
  • ABB Finds 5 Key Cost Cuts for Wind Energy [View article]
    Well, sure, if the federal government is going to pay for the power lines to the windmills and over generous tax subsidies then windmills can work financially. but, most of the calculations I have seen require the federal government to pay about 70% of the cost to make it competitive. Is the broke federal government willing to do that?
    Apr 4, 2011. 06:36 PM | Likes Like |Link to Comment
  • ABB Finds 5 Key Cost Cuts for Wind Energy [View article]
    Wind energy looks good at 7 cents a killowatt hour? All of the data I have seen is that a FULLY AMORTISED windmill generates electricity at 18 cents a killowatt hour. I won't bother you with the studies, I have copied them into my comments before. But, that is the real reason windmills are doomed.
    Mar 27, 2011. 12:58 PM | 2 Likes Like |Link to Comment
  • ABB: Switzerland's Slumbering Giant [View article]
    I used to work for ABB and I think you paint a way too rosy picture for ABB. First, it is a huge company that was created mostly by acquisition. As a huge company it is very inefficient as most are. However, it has the added problem of all of these divisions that don't plug and play together. All of these divisions have different cultures, different accounting systems, and different marketing approaches. There is really no synergy from the various parts. ABB finds itself being an also ran in many businessess. Not number 1 or number 2, but maybe number 5.

    Secondly, the managers tend to be Europeans who are appointed to head divisions that they have no clue about. So, you people who grew up in robots running automation divisions, or marketing people running a manufacturing operation. ABB is just full of too many people with the wrong skillsets in the wrong places.

    So, it is not that ABB is a bad company, it isn't. Its just not particularly good.
    Mar 31, 2009. 08:47 AM | 8 Likes Like |Link to Comment
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