Industrial equipment supplier Toromont’s earnings actually GREW this past quarter. Earnings were up 25% for the months of October, November and December 2008 – right on through the huge meltdown. How is that possible? It seems like this helps build the case for an infrastructure-led turnaround, even though Boeing just laid off a bunch of people.
Toromont’s earnings were up a whopping 25%. Toromont is a leading supplier of parts to Caterpillar; one of the stocks expected to help lead an infrastructure-based market turnaround. You can read more about Toromont’s earnings release here. What’s even more surprising, perhaps, is that the growth was led by its natural gas business in the U.S. So what’s going on here? At least this is an investment you might want to look at closer.
And remember the tip that I learned a while back: earnings trail the market, but the market is also the first to recover before the economy as a whole does. Which of these baskets do you think is the more likely for Toromont to fall into here?
Related Posts - No Santa Claus Rally This Year
- Seasonal Investing ETF and Seasonal Investing Strategies from Brooke Thackray
- Secret Fed and Treasury Knowledge of Market Meltdown
- Stock Market Trends in December 2009: What Should You Invest In At the End of the Year?
- With The Gold Price Nearing $1000/oz., Is It A Good Time To Buy Gold?
Related Articles From Other Websites - Would Android Tablets bombard the enterprise space?
- How to Probe for Signs of a Market Bottom
- Home Based Business Ideas-Home Based Business Ideas for Stay-at-Home Moms
- Affiliate Marketing for Home Internet Business - How To Get Started. Useful Facts to Take Into Consideration
- Internet Network Marketing in A Bad Economy Part 1
