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EMERSON electric EMR

3K views 5 replies 5 participants last post by  gibor365 
#1 ·
I have been watching this one for a few months, does anyone know why it is getting tanked lately? Other than the obvious US debt and default, it has had an honest statement from a high up exec that painted a bleak outlook for the next near future...??
 
#4 ·
Anyone holding it?
Yeah, took a position in it back in mid Sept. Down about 7.5% so far is USD Terms (Probably up in relative $CAD)

It showed up on one of my screens, looked like a good buy and I took a smallish position. Still looks like a good buy, and the Dividend P/O ratio is about 56% (as per yahoo finance) so it's in a good position to at least leave the Div as is for the time being.
 
#6 · (Edited)
I also added to T:NYSE about month ago and initiated position in UL ... still have cash , so had limit buy for EMR at $58 (when yield = 3.25%) -> but it didn't go so far down...so far :)

btw, I hold T:NYSE in LIRA (where I cannot contribute $)....have a little bit cash left... will add more T if it falls to 32's or will add JNJ on pullback ...
 
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