Over the years I've mentioned that I met a prescient old man in the 1960s. When he was young he felt that air travel was the wave of the future. He put his money in several upstart airlines. Trouble was, that was 1929!
He was right; I was right. We both lost money. But I was learning how hard it was to outsmart Mr. Market. It was good too that I was a student then, with only a small kitty, and the subsequent years weren't The Depression. Putting money in an airline supplier like Rockwell would have been a better move, perhaps by a factor of 100X
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Caterpillar had a string of setbacks lately. Their Chinese unit overstated its inventory and thereby profits. Inventory consisted of hard to count things like... bulldozers! I could have warned them.
I no longer buy airlines and I worry about anything Chinese.
http://www.forbes.com/sites/afontevecchia/2013/01/22/caterpillars-580m-headache-and-the-perils-of-chinese-accounting/
Recent ROK News
- Rockwell Automation Revolutionizes Safety with Launch of Logix SIS • PR Newswire (US) • 09/10/2024 11:00:00 AM
- Rockwell Automation Revolutionizes Safety with Launch of Logix SIS • PR Newswire (US) • 09/10/2024 05:00:00 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/09/2024 09:39:25 PM
- Rockwell Automation Board of Directors Approves $1 Billion for Common Stock Repurchase • Business Wire • 09/05/2024 09:00:00 PM
- Rockwell Automation Announces PlantPAx DCS helps The Royal Mint Process with its New E-Waste Electronics Precious Metal-Recovery Facility in Llantrisant • PR Newswire (US) • 09/04/2024 06:00:00 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/30/2024 09:08:58 PM
- Rockwell Automation to Bring the Connected and Sustainable Mine to MINEXPO 2024 • PR Newswire (US) • 08/29/2024 01:00:00 PM
- Rockwell Automation to Present at Morgan Stanley Laguna Conference • Business Wire • 08/29/2024 11:00:00 AM
- Rockwell Automation Names Emmanuel Guilhamon New Vice President of Sustainability • PR Newswire (US) • 08/27/2024 06:00:00 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/22/2024 10:19:10 PM
- Rockwell Automation Opens Registration to Automation Fair 2024 and Expands Expo • PR Newswire (US) • 08/22/2024 11:00:00 AM
- Chocolatier Nói Síríus uses data-driven, digital automation to boost production-line reliability and performance • PR Newswire (US) • 08/21/2024 06:00:00 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/19/2024 10:42:21 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 08/19/2024 10:40:05 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/07/2024 04:29:23 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/07/2024 11:01:50 AM
- Rockwell Automation Reports Third Quarter 2024 Results; Updates Fiscal 2024 Guidance • Business Wire • 08/07/2024 11:00:00 AM
- Genpact Appoints Nick Gangestad to Board of Directors • PR Newswire (US) • 08/05/2024 08:15:00 PM
- New Study Finds Labor Challenges Outrank Economic Growth Concerns Among Life Sciences Manufacturers • PR Newswire (US) • 07/31/2024 11:00:00 AM
- Rockwell Automation to Report Third Quarter Fiscal 2024 Results • Business Wire • 07/24/2024 11:00:00 AM
- Rockwell Automation Announces New Chief Financial Officer Christian Rothe to join the company on 19 August 2024. • PR Newswire (US) • 07/24/2024 05:00:00 AM
- Case Packing Systems gets to market faster with smarter machines and the FactoryTalk® Optix™ platform • PR Newswire (US) • 07/18/2024 06:00:00 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/17/2024 08:13:56 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/17/2024 11:16:00 AM
- Rockwell Automation Announces New Chief Financial Officer • Business Wire • 07/17/2024 11:10:00 AM
Lingerie Fighting Championships Signs Broadcast Deal With Maybacks Global Entertainment • BOTY • Sep 26, 2024 9:00 AM
Maybacks Global Entertainment and Lingerie Fighting Championships Enter Into Broadcast And Revenue Sharing Agreement • AHRO • Sep 26, 2024 8:30 AM
North Bay Resources Commences Operations at Bishop Gold Mill, Inyo County, California; Engages Sabean Group Management Consulting • NBRI • Sep 25, 2024 9:15 AM
CEO David B. Dorwart Anticipates a Bright Future at Good Gaming Inc. Through His Most Recent Shareholder Update • GMER • Sep 25, 2024 8:30 AM
Cannabix Technologies and Omega Laboratories Inc. Advance Marijuana Breathalyzer Technology - Dr. Bruce Goldberger to Present at Society of Forensic Toxicologists Conference • BLOZF • Sep 24, 2024 8:50 AM
Integrated Ventures, Inc Announces Strategic Partnership For GLP-1 (Semaglutide) Procurement Through MedWell USA, LLC. • INTV • Sep 24, 2024 8:45 AM