However you want to characterize what's going on today (panic, pullback, recession, et al), these are the times when investors can get better deals on good or great companies. I believe Schneider (SBGSY) [SCHN.PA] is definitely one of those, and while today's price isn't a slam-dunk discount, I think it's an attractive price for a very good company that is leveraged to some powerful long-term trends like power reliability, energy efficiency, and automation. If approximately 4% long-term growth is still a valid assumption, I believe it is, these shares offer high single-digit to