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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