#basic industry

Emerson Electric (NYSE: EMR) is a company I first encountered in 1980 when I, then an entry-level analyst at Value Line, was assigned to write it up. I succeeded in having it re-assigned as soon as they hired another analyst more junior than me (the very next quarterly publication cycle) because the stock was so darned boring and with what seemed like a gazillion products all related to basic industry, largely incomprehensible. How’s that for rookie stupidity!