A supplier of measurement and automation products that engineers and scientists use in a range of industries. The Company provides application software and modular, multifunction hardware that users combine with industry-standard computers, networks.
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This is a great business quantitatively. Huge margins at >70% gross, 14% operating, great returns on capital, great long term growth track record. Vulnerable to economic downturn, but that is why stock already down. Companies like this never get quite as cheap as you would idelaly like, but are worth paying a bit of a premium for.