Chamberlin: Take Profits on fears over earnings visibility

I first recommended shares in foundries and engineering company Chamberlin (LSE:CMH) on a website that I do not mention any more, back in November 2003 at 161.5p. Now at 187.5p, the bare stats show that this is one that has not exactly roared ahead. However, those who kept the faith – and averaged down aggressively as I advised – when the shares were trading at sub 40p in early 2009 are probably a bit happier. The current share price represents a more than 4½ year high and is a testimony to the focused modernisation work that has been undertaken within the company by its top notch turnaround CEO Tim Hair. But what does a trading statement issued today mean for the shares? This is my take…

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