Relative to what investors seem willing to pay for companies like Rockwell (ROK), Emerson (EMR), and Yaskawa Electric (YASKY), I'm starting to wonder if Schneider Electric (SBGSY) isn't in some respects an overlooked contender in some attractive markets. Not only is Schneider a leader in energy management (and with a relatively attractive mix), but it is also a strong player in both discrete and process automation and well-positioned for what looks to be a growing convergence between hardware and software in automation.
Schneider isn't exceptionally cheap, but