The whole point of equity investment to assess, and discount, the value of tomorrow's earnings into today's dollars. To that end, Eaton (NYSE:ETN) is an interesting story. I believe the company is getting through the worst in the hydraulics and vehicle businesses, and that the electrical business should see many years of solid growth. On the other hand, the market already likes this stock quite a bit, and it looks like investors need to go elsewhere for a bargain.
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http://www.investopedia.com/stock-analysis/051313/it-should-be-here-eaton-etn-emr-hon-itw-abb-ph.aspx
Investopedia: It Should Be Up From Here For Eaton
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