Anyone buying ABB as an infrastructure play?
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731 points
thinker70 answered 11 months ago …
Absolutely, they have a great presence in China and just about everywhere in the world they are getting contracts for infastructure buildouts. I bought my original stock under $8.00, sold some at a triple, sold coverd calls for the 3rd time now and at the current price would buy more if i had the spare capital..
With decline of the U.S. dollar i also like it as a currency play as it is denominated in the stable Swiss Franc (relative to the dollar that is) and since ABB earns money in many other countries it enhances their profitabilty! ABB is one of the most competent and well respected in the industry, with the recent meltdown this is a great opportunity to pick up some shares at a discount.
Answers
2222 points
readytoretire answered 11 months ago …
They seem to be one of the few big players that you can invest in. With Square D and AREVA private, they are out of the picture. And GE is too dependent on financing to be considered a pure infrastructure play, even though they are big in it. So I like them. And they did take a hit last month when they set aside 850M, which should wipe out all of this quarters' profit.
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