Playing a "I like it, but the shares are expensive" drinking game with
my articles in the industrial sector would probably be lethal right now,
but the fact remains that the market continues to reward many companies
with robust valuations even though there are some pockets of weakness
in short-cycle markets. IDEX (IEX)
is one of my favorite companies, a disciplined deployer of capital with
strong niche-based businesses and excellent margins, but it's hard to
see how IDEX shares can keep generating attractive returns from this
high level.
Read the full article here:
Ongoing Excellence And Premium Valuation Mean Loving IDEX From Afar
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