Pump manufacturer
Gorman-Rupp (
NYSE:GRC)
didn't see quite the same level of excitement when institutional
investors piled into water-related stocks, and the shares have held up
comparatively better as that sector has cooled. Basically flat now from
my last update
(but up as much as a third in the interim), the valuation is still in
that "okay but not great" gray zone where it's harder to make a
definitive call either way.
There's
plenty to like about Gorman-Rupp, and not just its exposure to water
infrastructure spending. The company is also leveraged to a coming
recovery in new commercial construction, as well as infrastructure, and
further growing in process-oriented industry. That said, the margins
aren't really exceptional and I do think that limits some of the upside.
Read the full article here:
Gorman-Rupp A More Off-The-Radar Play On Water
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