Stock Alert: ABB
by Harris Roen Editor
Roen Financial Report
Wednesday, February 3, 2016
Today’s Alert:
Is this a buying opportunity for this large Swiss-based smart grid stock?
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| Power grid supplier ABB falls 3% on a lackluster earnings report. Softening of demand in China led to an 11% decrease in revenues compared to the same quarter last year, and a 70% drop in net income. ABB stock is down 14% for the year and is approaching its 2012 lows. We consider the stock to be Undervalued. | Press release |
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