Opinions
Lorne Steinberg
Siemens AG
SIEGY-OTC
WATCH
Feb 12, 2015
N/A
Stock price when the opinion was issued
0
It's the ideal tool to help you make quicker, more informed decisions for
managing and tracking your investments.
You might be interested:
COMMENT
One of the largest European industrial stocks. This hasn’t done much for several years. Revenue has been kind of flat at about €75 billion for several years. Earnings have kind of bounced around between €5 and €6 for several years. Similar to General Electric (GE-N), an exercise in portfolio pruning and management. Valuation is not bad at about 16.5X PE with a nice dividend at about 3.5%, but can’t see how it could outperform the market.
BUY
Engineering in the industrial sector. Finds the energy spinoff more interesting. Gives you exposure to classic gas turbines, as well as to one of the biggest wind turbines in the world. Neat way to play economic recovery, while getting exposure to renewables. Always consider liquidity of the ADR when looking at dual listings.
0
Advertising
Reasonable valuation with a good dividend yield. Acquisition a few months ago was not well timed, but it is a rock solid business. He would like to own it at the right price. They are a well run business with a great position in a number of their businesses.