I want to try to make this a brief post and get right to the point. (Is that possible for me?)
O.K. here is the skinny:
AMETEK (AME) IS RATED A BUY
I do not own any shares or options on this stock. I first reviewed Ametek (AME) on this blog on January 25, 2007 when the stock was trading at $34.28. AME, as I write, is trading at $49.53, up $2.61 or 5.56% on the day, finding a place on the top % gainers of the NYSE.
Ametek reported terrific first quarter 2008 results today before the open. They beat expectations and they increased guidance. A great day for announcements and the stock!
The "5-Yr Restated" financials are gorgeous. They even pay a dividend and are raising it regularly. Valuation is reasonable with a p/e at 23.47 and a PEG at 1.19.
Finally the chart looks terribly strong! What is there NOT to like?
O.K. that was the quick and dirty on Ametek (AME). I am usually far more verbose but I really wanted to get this one out and do it in brief.
