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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Paul Senior who wrote (33728)	3/7/2009 2:53:03 AM
From: Spekulatius	Respond to of 78666

TKR has strong exposure to automotive. That could be a big problem. Similar problem with TEL which I held until today. 8$ was the final straw and I sold. Should have stuck with APH which appears to be holding up OK. I am not sure what happens with the automobile supply chain. My guess is that the suppliers like TMK & TEL will show substantial losses as bankruptcies rattle though the supply chain. TKR at least has a solid looking balance sheet. That is worth something these days.

To: Paul Senior who wrote (33728)	3/7/2009 4:28:28 AM
From: anializer	Respond to of 78666

TKR is a great Co. - has been for years. Old man Timken was very friendly with the Bush Administration. Not so sure the same relationship will exist under this new political backdrop. I think its on the bargain counter, but who knows. I'm hesitant to buy because thus far the macro-economics have by far outweighed any judgments made about individual stock values. As regards NNBR, the decreased estimates and guidance for a loss this Q have really hit the stock, and very sketchy estimates from analysts going forward have not helped, but I do think a bargain even with the decrease in tangible book value and the loss this Q. Again here, macro - economics have been trumping value considerations, but it looks quite interesting at this price, so I'm considering.