Hello Friends! Thanks so much for stopping by and visiting my blog, Stock Picks Bob's Advice! As always, please remember that I am an amateur investor, so please remember to consult with your professional investment advisers prior to making any investment decisions based on information on this website.
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.
Thanks for dropping by! If you have any comments or questions, please feel free to leave them on the blog or email me at firstname.lastname@example.org.
Yours in investing,