Machine tool industry
Article Abstract:
Machine tool industry earnings for 1st qtr 1995 were the best since 1980 and this will continue during 1996. Demand for machine tools will be weak in the domestic auto and aerospace industries, but sales will increase for machine-tool products in Europe. Cost reduction and demand will keep earnings high for 1995 and 1996. Several stocks in machine tools may appreciate in the next three to five years, even though the industry is cyclical.
Publication Name: The Value Line Investment Survey (Part 3 - Ratings & Reports)
Subject: Business, general
ISSN: 0042-2401
Year: 1995
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Machine tool industry
Article Abstract:
The machine tool industry had a good year in 1994, enjoying the most orders since the late seventies. The 12- to 18-month product development cycle for tools will translate into higher shipments in 1995 and 1996. One brake on US sales could be a higher rate of borrowing and reduced auto production, but strong demand in Europe should offset any decline. The industry's cyclicality places a premium on investment in select companies.
Publication Name: The Value Line Investment Survey (Part 3 - Ratings & Reports)
Subject: Business, general
ISSN: 0042-2401
Year: 1995
User Contributions:
Comment about this article or add new information about this topic:
Machine tool industry
Article Abstract:
Export growth is leading to higher orders for the machine tool industry in 1995. Bookings in 1994 reached a 15-year high and export bookings for 1995 are ahead by 159%. New model introduction and operating expenses, however, are constraining earnings. Domestic orders are expected to increase due to competitive needs and aging equipment. Several of these cyclical stocks are suitable for the patient investor.
Publication Name: The Value Line Investment Survey (Part 3 - Ratings & Reports)
Subject: Business, general
ISSN: 0042-2401
Year: 1995
User Contributions:
Comment about this article or add new information about this topic: