Industrial engineering group Spirax-Sarco Engineering (SPXSF) has traditionally been a UK market FTSE 100 favorite with a strong reputation for high-quality earnings. Recent operational weakness this year has spurred around a 15% fall back in its share price and The Global Investor thinks this presents a very good buying opportunity for long term investors.
Company description
The company's business is the provision of knowledge, service and products, worldwide for the control and efficient use of steam and other industrial fluids and for peristaltic pumping. Its business is made up of three segments: steam specialties, Watson-Marlow