Applied Industrial Technologies (NYSE:AIT)

Patrick6k (< 20) Submitted: 10/17/2006 2:46:39 PM : Start Price: $22.90 AIT Score: +58.99

Applied Industrial Technologies Inc.....never heard of it? Well now you have. This is an interesting little company with a solid business and excellent management.

It sells everything from industrial lubricants to safety and maintenance products. I love maintenance products because it means recurring revenue....always a good attribute for a business model. This little puppy also has good inside ownership and over $100 million stashed away in the cookie jar. It has good free cash flow and even an attractive little dividend for you income investors out there.

This is going to be a good little stock going forward. I think this is especially true with all of the expansion projects underway being carried out by most of the major refineries to increase their refining capacity.

Fool On!!!