Rofin-Sinar Technologies (RSTI)

Third time I've had a bite of this apple.

Cyclical turnaround...starting taking hold last Q. As manufacturing picks up, especially in Asia, RSTI will benefit.

Strong Long term track record.

t123

Lasers! Who doesn't love lasers?

buy on dip

Laser cutters have so many uses that this stock is more diversified than more traditional IT stocks. Good buy to hold.

Intrinsic value of 44.02 with great debt sheet.

Bought at 19.21

Slow in the short term, but a solid company with a great product.

I locked in a positive CAPs gain and am going in for a personal record of the fourth bite of the cherry at 3% lower price. This should help my accuracy score overall after my mis-adventures in "doubling down" in CAPs.

Sweet deal overall in CAPs!
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You can tell that I am getting a bit lazy with the DD so I am making a habit out of shamelessly poaching ideas and hot tips (horrors! but hey, it's with great investor backings).

To be honest, I can't imagine how people can be so good at monitoring hundereds stocks. I am flat out humbled by the intensity and humbly give up on competing on that ground. Thank god for the newsletters and the forums!

So here's the deal with RSTI
1) Bill said under 60 is good
2) It's on top of the top picks for new money
3) It's Bill's top idea in the roundtable
4) TMF Platoish says that it's a stock you can keep in the freezer and come back after 10 years. I will do that! Stan, you're on.
5) I have a fleeting memory of Rofin Sinar laser system sold to my company. Since there were no negotiations on the price (because we in procurement couldn't do much), that sounds like a great company.
6) In short, two master investors (do check out their CAPs scores ... ) says that this is a great stock to own at these prices.

Not bad for DD, huh?

Strong established brand in lasers for factory automation. Market leader in several segments of the industrial laser market.
Global presence with crucial support infrastructure near key customer's locations, making entry expensive for new competitors.
Strong long term track record of earnings and sales growth.
Suceessfully expanding into emergin Asian and Eastern European markets.

Oh, excuse me...Just buying another third at a better price point. Here's my first third take on RSTI:

Need a laser? RSTI is a very well-run company making industrial lasers. Huh? Yeah, people are using lasers to cut or mark metals and various materials. They make the lasers and then sell them to companies who integrate them into their production processes. I love the fact that while this is a first rate European company (a Siemens spinoff) it is based in Michigan (my home state). There is a big market for these types products and the company has a strong international sales base and has begun to develop a foothold in China and emerging markets. Doing all the right things but the share price has suffered due to overall market fears and a slight 2Q guidence miss. Long have I watched this laser shoot high into the sky. But now that it has fallen back to earth for some re-tooling I am going to jump on board. This is a great business in growing market with great fundamentals and a discount price. This is what we wait for...Que the Star Wars theme...RSTI outperform!

Very well run, expanding into China

RSTI can't help but weather the storm. their services are used all over the world for a variety of applications. Good PE Great management. Definitely a bargain price!

Well run company with quickly broadening moat.

One bad quarter took two years worth of growth away and one good quarter brought it way back. The world need for tech includes new and better lazers. They are in a very sweet spot.

420 all stars.

Well, it's a CAPS stock of the day, most analysts are either recommended a buy or hold status, it's very near its 52-lo (as of 8/1/08), the only one who doesn't seem to like it is Schwab, and 99% of CAPS all-stars dig it...

I own IPGP and had RSTI pegged as a competitor soon to lose market share to IPGP s new technology but am beginning to think they still have several years to go.

More to follow soon as soon as I listen to some quarterly calls.

Fool newsletter recommendation doing penance for going Northeast too fast; this is gonna be huge after the economy picks up again.