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Investing Idea : DXP Enterprises (DXPE)

 March 28, 2012 12:03 AM
 


This past month I added DXP Enterprises (DXPE) to my Covestor Buy and Hold Model.  This stock has shown tremendous technical strength since the purchase on March 16, 2012 at a cost of $42.90.  DXPE closed today (3/2712) at $44.47, down $(.68) or (1.51)% on the day.

DXP has been 'strong out of the gate' for me, yet it is not what I would consider a well-known stock.  Let's take a closer look at this investment.

According to the Yahoo "Profile" on DXPE, this company

"...engages in distributing maintenance, repair, and operating (MRO) products, equipment, and services to industrial customers in the United States. Its Service Centers segment provides MRO products, equipment and services, including technical design expertise and logistics capabilities to industrial customers with the ability to provide same day delivery. This segment?s product categories comprise rotating equipment, bearing, power transmission, hose, fluid power, metal working, industrial supply, and safety products; and services consist of field safety supervision, in-house and field repair, and maintenance services. The company?s Supply Chain Services segment manages the supply-chain of its customers from various industries."

[Related -What The Market Wants: Summer Continues To Wind Down]

and

"DXP Enterprises, Inc.


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