Companies like IDEX (IEX)
will frustrate you if you’re a value investor. Undeniably excellent,
IDEX rarely gets that cheap, as the company’s strong margins, ROIC, and
business quality seem to keep it from ever getting all that cheap. I’d
love to own what I think is one of the best fluid management companies
out there (and a contender for best-run industrial overall), but you
have to really stretch to argue that IDEX shares are in any way
undervalued. That said, the market can do some crazy things and this is
definitely a name that investors who are interested in the industrial
sector should have high on their watch list for a “just in case”
scenario.
Continue here:
IDEX Is A Best Of Breed Industrial, And Priced Accordingly
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