Siemens has dropped more than 10% from its highs back in December following a 2% earnings miss and negative press due to an Australian coal project.
Even though Earnings where dissapointing Siemens is holding on to its Vision 2020 strategy which will reshape the business into two divisions: Smart Infrastructure, and Digital Industries as well as some partly owned businesses.
This streamlining should drive growth, increase margins and cash generation.
The stock is now trading at its 200 day MA and I believe this is definitely buying opportunity.
Even though Earnings where dissapointing Siemens is holding on to its Vision 2020 strategy which will reshape the business into two divisions: Smart Infrastructure, and Digital Industries as well as some partly owned businesses.
This streamlining should drive growth, increase margins and cash generation.
The stock is now trading at its 200 day MA and I believe this is definitely buying opportunity.