- Robust biopharma demand for Watson Marlow pumps, tubing, and valves is helping offset weakness across a range of industrial markets and should drive high-single digit long-term growth.
- Spirax-Sarco's Steam business has unusually close customer relationships, and the company's focus on energy/cost-saving retrofits will help drive growth above underlying industrial production.
- Special companies deserve a premium, but it's hard to find value in Spirax-Sarco at these levels.
For further details see:
Spirax-Sarco Is A Special Industrial Company, And Certainly Priced Like It