The Company is a manufacturer of a range of industrial products and systems organized under two groups, Tools & Supplies and Engineered Solutions.
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A problem solving company that actually has a discernable and viable moat. This company makes other companies more profitable and has been doing so, with much sucess, for the past five years. Exposure to general economic conditions both at home and abroad provides risk/reward in both directions. Clearly has sustainable growth as they market their reputation to more and more customers. Based on this I give the company a fair value price of $63.94 - call it $64 even and enjoy their ever expanding bottom line.