There is no shortage of suppliers of circuit materials, polyurethane and silicone materials, or electronic substrates. Many of these markets are heavily commoditized, with competitors in Asia and Europe using scale and low-cost labor or automation to manufacture broad ranges of basic products as cheaply as possible.
That's not the model that Rogers Corp. (NYSE:ROG) is using. Instead, this small specialty materials company is looking to use selective innovation targeting more demanding high-growth applications to generate above-average growth and profitability. Management has not been shy about laying out ambitious growth targets and the Street has largely factored those into the valuation. While the valuation is not so compelling at this point, this under-covered company is worth following in the hopes of taking advantage of a pullback.
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Rogers Corp. Looking To Harness Focused Innovation And Operating Efficiency