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

To: jeffbas who wrote (6330)	3/17/1999 1:52:00 PM
From: geoffrey Wren	Read Replies (1) \| Respond to of 78486

Okay, gang, let's look at RBC. I've owned it for 12 years, done decently with it. But now it is at a yearly low, PE of 9, yield near 3%. It's been a steady industrial stock, growing to a large degree through acquisitions. It makes such basic things as machine tools, worm gears, generators and motors, big and small. Recently earnings have stalled, and the researchers apparently estimate a slight drop for next year, but I believe their earnings will resume their steady upward trend in the near future, simply because management has been pretty solid during the time I have owned them. I'm not sure the reason for pessimism in the stock price now, perhaps fear of foreign competition with the dollar so high. The stock price decline has been on moderate volume. Anyone have a fresh take on the stock? Geoff Wren