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Non-Tech : Roper Industries (ROP) - Boring but profitable. -- Ignore unavailable to you. Want to Upgrade?

To: Steve Stuart who wrote (1)	11/13/1997 11:03:00 AM
From: PuddleGlum	Read Replies (1) \| Respond to of 31

Hi Steve. ROP can grow earnings at 20% annually without great difficulty, and given that they are expected to earn $1.80 for the next 12 months this gives them a forward p/e of 15. Agreed, it's not a screaming bargain, but it is a fair buy. And there is a small dividend. I'm familiar with the semiconductor industry, which makes up some 12-13% of ROP's sales, and to a lesser extent the energy industry. I'm comfortable with the use of pumps and compressors, and with the use of a wide variety of analytical instruments, so ROP is really right down my alley. I am not a very good bargain hunter so I let the people at ROP do it for me. They're keen on cash flow and value. BTW, I've no position at present due to other commitments for my cash, but I really do like the company. Steve