TIMKEN’S LOSING ITS BEARINGS
Saturday, July 5th, 2008Timken Corp’s (TKR) stock has dropped over 20% since their report in April, when the bearings and specialty steel maker said that its earnings were boosted by “capacity-expansion” initiatives, including a new industrial bearing manufacturing plant in Chennai, India and a new aerospace and precision products facility in Chengdu, China. It’s ...