Eaton (ETN) is definitely not overvalued! Message Board

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Technology Stocks : Eaton (ETN) is definitely not overvalued!

ETN 385.36

+2.0%

Nov 5 3:59 PM EST

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To: DSPetry who wrote (116)	2/22/1999 11:13:00 AM
From: Walter Morton	Read Replies (1) of 338

ETN announces an acquisition of a hydraulics company and the stock price goes down. ETN's Vice-president of Hydraulics leaves the company and the stock price goes up. Interesting. I think the stock price went down because ETN said it would issued more shares (dilute earnings) to pay for the acquisition. I think the stock price started going up a few days ago because Moody thinks the acquisition will increase earnings and cash flow.

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