General Cable valuation appealing, says DA Davidson After General Cable provided much lower than expected Q1 EPS guidance, DA Davidson still expects the company's earnings to increase this year, and believes that the company has several upcoming positive catalysts. The firm maintains a Buy rating on the shares.
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General Cable backs 2014 adjusted income view $200M-$230M General Cable sees 2014 global unit volume flat to down low single digits year-over-year due to the lack of consistent momentum in utility and construction spending in North America and Latin America as well as ongoing challenges in Spain and Thailand. The company expects to generate $135M-$165M of operating cash flow in 2014 with capital spending below depreciation. The revised operating cash flow outlook principally reflects funding higher working capital for 2014.