Be Wary of Woodward Governor

Given the current macroeconomic climate of not only the U.S. but now the rest of the world, it is not surprising that most industrial stocks are seeing a substantial slowdown in their businesses.

Recently, short-sellers have positioned themselves negatively against Caterpillar(CAT Quote), Bucyrus(BUCY Quote), Joy Global(JOYG Quote) and Terex(TEX Quote)--betting that these industrial names still have more room to the downside

One compelling name that might have further to go on the downside is Woodward Governor(WGOV Quote), which designs, manufactures and services energy control systems and components for aircraft and industrial engines and turbines. Woodward Governor shares are not cheap at all, trading with a forward P/E of 10.9, PEG ratio of 1.1 and enterprise value/EBITDA of 6.4.

To read more, visit Stockpickr.com.

Will the Obama administration turn the economy around?
	Yes. Things will improve in 2009 Yes. But it's going to take a few years No. The downturn is too severe and getting worse No. There are too many factors that can't be controlled