When I last wrote about Hubbell (HUBB) in May, I saw mixed prospects for this manufacturer of electrical and power products for utility, construction, industrial, and energy customers. I did think (and write) that the shares looked undervalued and that the company’s late-cycle exposure was the right mix for what I thought would be a weaker-than-expected short-cycle economy. On the other hand, I also liked Schneider (OTCPK:SBGSY) and Eaton (ETN) better.
Since then, short-cycle end-markets have indeed weakened more than the Street expected earlier in the year and Hubbell