Ametek (AME) has proven to be a great long-term value creator, in part because of a savvy M&A strategy. With the company announcing another bolt-on deal, it is time to update the investment story on the stock, although Ametek, like the rest of the market, has become quite pricey with investors across the world scrambling for yield.
The Company, A Great Set-Up
Ametek is a manufacturer of high-technology products. The company believes in a decentralised organisation structure and focuses on niche market segments. Over time, it has grown to become a $5.0 billion