A diversified industrial company specializing in the design, manufacture and distribution of specialty-engineered products. The Company serves a range of customers in the segments of the commercial, medical and aerospace industries.
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This company does so much wrong, it's hard to understand how they make profit. They have always had a good history of cash flow and unbelievable pressure on the management team never to be first ones to ruin TFX's history of upward trending.
Two things bother me about this outfit. Earnings are always mysterious, and the balance sheet has deteriorated significantly since Lennox Black retired.