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Thursday, February 7, 2013
Investopedia: Pricey Today, IDEX Deserves A Spot On Watchlists
The recent strong performance by the stock markets has reduced the
number of appealingly priced stocks to choose from these days. That
certainly fits IDEX (NYSE:IEX),
as this mid-cap industrial conglomerate has ridden a one-third move in
its stock price to a recent new 52-week high. Although not so expensive
that it's a short or a must-sell, patient investors may want to relegate
this name to a watch list.
The company's deep customer relationships and diverse industrial
exposures are attractive, but not necessarily at today's valuation.
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