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Hubble is the 800lb gorilla of the electrical power transmission hardware industry. With the massive planned overhaul of the national power grid look for a significant fraction of the $850 Billion stimulus package to go indirectly to Hubble. Why indirectly, because utilities bid out large scale projects to engineering firms and the firms in turn bid them out to manufactures and construction companies. Hubble can control its cost better than its competition because it is vertically integrated with its own foundries and manufacturing facilities in the US, Canada, Brazil, and Western Europe. The foundry and plants in Brazil also give Hubble access to the South American market.Hubble has alliances with Conductor and Insulator companies to make it a one stop shop for any power transmission project.Did I mention that Hubble is big? Its more than twice the size of its nearest competitor, it presses this advantage to the fullest. From the beginning of hurricane season through the end of winter Hubble maintains a sizable inventory of products. Why because when you see news of the latest storm/ice/wind disaster that has cut power to thousands who do you think gets the call? That’s right Hubble, and because Hubble is the only player large enough maintain such an inventory they charge a premium for the hardware (it’s called an expediting fee and is usually 20% or more above the standard price for bypassing the standard 6-8 week lead time). And the utilities pay it because there is literally no one else to turn to.In other word Hubble is one of those companies that most people have never heard of, don’t care about, and are absolutely necessary for maintaining the standard of living for most of the people in the US take for granted.
Cashflow. Solid management and company. Consistent performance.
Tremendous product line for the utility industry and quickly becoming a monopoly for hardware transmission and distribution products. Will continue to grow fast as the country begins to revamp its electric infrastructure.
Hubbell is diverse- It is in off-shore electrical marine, industrial (high fule cost is driving manufacturing back to the USA), and heavy in to spec commercial construction. All of it sectors will enjoy better than aveage market groth.
Stock price is at a low. It should go up as things level out and contstruction continues.
An outstanding long-term performer with state-of-the-art technology and global presence yet it's a business that consistentlyflies under the radar. It's now on sale at a very attractive price.
A definite keeper -- a top performer that consistently flies under the radar. At no time in its many decades of top performance has it ever become a household word. Yet it has provided remarkable rewards to its long-term stockholders. I first learned about Hubbell Corporation while helping a family wind up an estate that included six stocks, including Hubbell.B. All the stocks had the same value when on the day each was purchased in the 1960s. Yet, decades later, the estate had grown quite remarkably, thanks almost entirely to the Hubbell stock! Its value had grown to be about 80% of the total value of the estate. Though the company was founded in the 1880s, it is as far from being some antiquarian relic as can be imagined. Today, the Hubbell Corporation is a key global performer in the electrical products industry, consistently developing highly successful itemss and innovative technologies. It is now selling at an excellent entry point.
Building up the ROTH with this guy
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