Had a sharp pullback after its recent set-back but looks undervalued when compared to the rest of the Industrials.Also is a nicely diversified business and has a large exposure to other growing economies.The recent set-back will be addressed by its proven,good management and this Stock should be the building block of any conservative "long-term" portfolio.In my opinion briefly,
1)The recent pull-back is a good opportunity to buy a top rated company with a 5 star track record,
2)Nicely diversified world-wide and locally,
3)Cheap valuation and also pays a dividend,
4)Technically looks like its base-building.
$30.712 (06/03/08)
