The Company is a manufacturer and engaged in design, manufacture, marketing and servicing of fluid power systems for industrial, mobile, and aircraft equipment; and electrical systems and components for power quality, distribution and control.
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Recs
Well run but battered blue chip with low P/E and nice dividend of ~3.5%. When economic recovery comes, ETN should outperform. In the meantime, dividend provides some protection and beats parking your money in treasuries or money market funds.