I took a quick look at ELX & ET. Wow, I am probably wrong but I would not even consider them R-1 businesses ...at least right now. Just on ROIC & Equity numbers I would move on. The chart on ELX appears to indicate it is over bought right now. It needs to take a break.
I cannot see our tools being that far off. But, when ever I see a negative ROIC I move to the next business.
Any input will be greatly apprecaited.
