Newport Corp (NASDAQ:NEWP)
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The Company is a global supplier of advanced technology products and systems to a range of industries, including scientific research, microelectronics, aerospace and defense/security, life and health sciences and industrial manufacturing.
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The company had a string of bad quarters in 2008 and 2009, but appear to have definitely turned themselves around. They have proven themselves to be innovative, are selling at only 1.5 times book, and have far more cash than debt.