The Company is engaged in the business of manufacturing industrial, professional and consumer measuring and cutting tools and related products.
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Selling at nearly 1/3 of book with a healthy dividend over 5%. In a recent Boston Globe Business piece (Globe 100) the President Douglas Starrett said that the next 6 months will be very challenging as "our industry has always lagged the economy; we are late at getting into problems." Equity will probably continue to decrease for the next 9 months but I'm willing to wait it out and see the capital appreciation. This stock has very limited downside.