Timken Co. (TKR)

Ball Barings and Steel. She used to own it. They are breaking up the company. They had an investor day recently. They are going through a tough demand environment. They improved their margin profile and then in one quarter they came crashing down. Her sense was that they had a hard time predicting what the demand environment would be. It was more volatility than she wanted. The shares had a very good run, so she is on the sidelines on this one. They do have European operations, too.

Sold a month or so ago. There is upside ahead, though. Margins held up well last quarter.

This company does ball bearings and specialize on the higher end side. Used to be very cyclical business but have done a very good job of fixing that problem. Not adding to her position at this time. The question she is working on, and will be trying to answer in the next week or so is, if demand for their products will come back.