Check FJC. Not sexy, but historically cheap and now yielding about 6%. Also trades at less than its reported book value.
Fedders Corporation engages in the manufacture and marketing of air treatment products, including air conditioners, air cleaners, gas furnaces, dehumidifiers and humidifiers, and thermal technology products. The company operates in two segments, Heating, Ventilation, Air Conditioning, and Refrigeration (HVACR), and Engineered Products. The HVACR segment designs, manufactures, and distributes residential split system condensing units and air handlers, gas furnaces, multisplit systems, portable and packaged unit air conditioners, residential humidifiers, dehumidifiers, and air cleaners. The Engineered Products segment designs, manufactures, and distributes media filters, electronic filters, humidifiers, dust collectors, fan filter units, and solid state thermoelectric heat pump modules. HVACR segment offers products through retailers, wholesale distributors, catalog supply houses, and private label and original equipment manufacturers, as well as through Internet. Engineered Products are sold through manufacturers' representatives, distributors, and direct sales to original equipment manufacturers, retailers, and end users. The company sells its products in the United States and internationally in Asia, Europe, Canada, and Mexico. Fedders Corporation is headquartered in Liberty Corner, New Jersey. |
