Sunday, October 2, 2011

Industrials Telling a Bad Tale

Here is a paraphrased headline about industrial stock Ingersoll-Rand from the weekend:

And “so far, companies are being punished for pre-announcements.” Ingersoll-Rand Co. shares hit a two-year low Friday after the company cut its third-quarter profit outlook.

MSN Money said it was trading back down at its Friday low in Sunday evening action. That is an 18% thrashing since Thursday's close.

Yeah, it has a trailing P/E of 10 and change. That will change after they report. This is one sick puppy and the while litter is trash, too.

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