Morning News

I’m relieved to see that Donaldson (DCI) has come off its rotten open from this morning. This is typical after bad news—a sharply lower open followed by a rally. Let’s hope it holds.
Danaher (DHR) is in the news today. The company said it’s cutting 3,300 jobs and it will close 30 facilities which more than previously planned. The company also said it’s paying $1.1 billion for MDS’s instruments business. The shares are up today.
Joe Bank (JOSB) is also doing nicely today. The company just reported earnings of 68 cents a share, 14 cents better than estimates. Sales were up close to 10%. A year ago, the company earned 48 cents a share so that’s very nice growth. This stock is insanely erratic, but it’s been good to us this year. JOSB is up over 70% since January 1.

Posted by on September 2nd, 2009 at 10:47 am


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