I'm not necessarily looking to make purchases from that group. I was tempted to get a basket of them, but now I am leaning towards being patient, picking up some cream companies if they become available.
Of that batch, DE is pretty dominant, and CA is certainly strong, so I might be inclined to put in some low ball GTCs on those. Of the midcaps, the ones I like best actually aren't the cheapest. I happen to like Nalco Chemical on a qualitative basis, and I can certainly envision their business of being one of growing import, but it isn't the cheapest. Fleetwood has certainly been running their business pretty well, and demographics favor them, but again they aren't as cheap as the others. Avnet is cheap, and despite the low margin nature of their business, it would seem their biggest threat is a slow economy.
Axel |
