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Strategies & Market Trends : Value Investing
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To: Sergio H who wrote (47675)4/29/2012 1:19:56 AM
From: Spekulatius1 Recommendation  Read Replies (1) of 78476
 
re IR - sorry for my sloppy English - i do have an excuse though - it's not my first language. FWIW, I posted 3 or 4 times around August 2011 about IR - at that time, it did not seem that anybody was interested in the name, which goes to show that stocks that get little interest are not always the worst investments.

Right now at ~42.5$, I don't think that the stock is all that cheap. For one thing, the business does not have the same kind of quality, than UTX or PH and ETN for example, so it should trade at a discount relative to those names. IR also has a history of overpromising and underdelivering and a mixed track record with acquisitions.

They do pay a lot of interest (~280M$/year) for their 3.6B$ in debt, I assume that is because the debt they took on with the Trane acquisition is pretty expensive. If so, this interest expense should drop , once they refinance.
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