http://stockmarketbeat.com/blog1/2006/11/09/baystreetca/ Our beat: The stock market. Our job: Beat it. Mon, 01 Dec 2008 21:34:55 +0000 http://wordpress.org/?v=2.2.1 http://stockmarketbeat.com/blog1/2006/11/09/baystreetca/#comment-23156 ROK: Rockwell Shares Well Rocked by CFO Departure - Stock Market Beat - Our beat is the stock market. Our job is to beat it. Thu, 05 Apr 2007 19:33:40 +0000 http://stockmarketbeat.com/blog1/2006/11/09/baystreetca/#comment-23156 [...] No new position named, and there can’t be much of one if Gelly has time available to advise his former employer. It is also somewhat uncomfortable that Gelly is leaving just after the company received $1.7 billion for the sale of a large division. That money needs to be put to use, and typically the CFO is instrumental in such decisions. At the time the unit was sold, we said “The unit comprised just over 18% of the company’s sales in FY06 but only 4% of segment operating income. The sale values it at 15% of the company’s enterprise value, which seems to us like a solid price.” We still believe that, as we have noted before, if ever there was an industry poised to do well in today’s economic environment, Rockwell (factory automation) is in it. However, the stock has sinced bounced along going basically nowhere, and today’s news doesn’t offer much comfort. [...] […] No new position named, and there can’t be much of one if Gelly has time available to advise his former employer. It is also somewhat uncomfortable that Gelly is leaving just after the company received $1.7 billion for the sale of a large division. That money needs to be put to use, and typically the CFO is instrumental in such decisions. At the time the unit was sold, we said “The unit comprised just over 18% of the company’s sales in FY06 but only 4% of segment operating income. The sale values it at 15% of the company’s enterprise value, which seems to us like a solid price.” We still believe that, as we have noted before, if ever there was an industry poised to do well in today’s economic environment, Rockwell (factory automation) is in it. However, the stock has sinced bounced along going basically nowhere, and today’s news doesn’t offer much comfort. […]

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