If you love drilling into the minutiae of what industrial companies do, Dover (DOV)
can be a bonanza. With nearly 30 major operating businesses, Dover is
not particularly easy to benchmark. Luckily, the company's consistent
earnings quality, strong margins, and good returns on capital make up
for some of the difficulties in really drilling down into the details.
Dover is looking at some good opportunities in areas like refrigeration,
fluid control, and energy, but the shares already reflect a pretty high
level of Wall Street affection. Though Dover isn't the most expensive
quality industrial out there, I'd likely wait for a better discount to
fair value before jumping in with my own money.
Follow this link to the full article:
Dover Still Excellent, But Not Currently A Bargain
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