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Strategies & Market Trends : Value Investing
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To: anializer who wrote (28540)1/24/2008 4:23:08 PM
From: E_K_S  Read Replies (2) of 78751
 
Cut my position in ABB Ltd. (ABB) by one half. Took my 10% gain from my initial purchase in July 2007. Stock is expensive with a trailing PE of 23 especially if there is a slowdown in global infrastructure projects. The dividend is very small (less than 1%) and is not worth holding based on this small payout. The company is below it's 50 day and 200 day MA, so the downside risk is probably low.

I bought this as a play against a falling U.S. dollar so I will deploy these funds into some other foreign stock that pays a higher dividend.

I continue to hold my starter position and would consider adding to these shares at prices below $20 and if the global growth outlook looks as though it is improving.

EKS
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