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This morning one of my colleagues, Joseph Lazzaro, who heavily uses technical analysis, posted an article titled General Cable Corp.: Stopped-Out.Continue reading Chasing Value: General Cable -- Can Something Be Too Cheap?
In investing, they don't all work out. General Cable Corp. (BGC), which I first wrote about on May 5, 2009, at a price of $34.59, has been stopped-out at at the sell/stop loss of $28.
The stock of General Cable, which develops, designs, manufactures, and distributes copper, aluminum, and fiber optic wire and cable products for the communications, energy, and electrical markets, has been retreating since it announced a Q4 production cut back in mid-2009.
Based on its decent Q3 performance and the 2010 outlook for the U.S./global economies, I'm reiterating my buy rating for General Cable Corporation (BGC), first recommended on May 5, 2009, at a price of $34.59.
General Cable, which develops, designs, manufactures, and distributes copper, aluminum, and fiber optic wire and cable products for the communications, energy and electrical markets, reported Q3 EPS of 55 cents, above the First Call Q3 EPS estimate of 53 cents. However, General Cable gave up yearly gains because it announced a Q4 production cut -- one that will likely weigh on Q4 earnings.
Continue reading General Cable Corp.: Pull-back is buy opportunity
I'm Reiterating my Buy rating for General Cable Corp. (NYSE: BGC), first recommended on May 5, 2009 at a price of $34.59. Continue reading General Cable: Holding shares, while monitoring technicals
For investments in large-cap companies with demonstrated business models and a competitive advantage in established markets -- preferably with a favorable, global trend as a support -- General Cable Corporation (NYSE: BGC) is worth a review. Continue reading General Cable knows a wired world is a profitable world
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