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The transcript of Colfax annual analyst meeting is a must read!

December 7th, 2012

The transcript of the Colfax Corp. (NYSE: CFX) annual analyst meeting reveils some interesting insights how this conglomerate works and thinks and therefore it’s a must read for every shareholder!

Once a year management takes a lot of time to explain how every sector of the group works and operates within its specific market, how they will improve overall efficiency applying their „CBS – Colfax Business System” and how they will grow over the long term.

As CEO Steven E. Simms puts it: „We believe we can become a premier global industrial enterprise. To us, that means outperforming GDP growth by 1 or 2 points. It means delivering operating income margins that are in the mid-teens, and certainly delivering free cash flow that is in excess of net income.”

And he adds: „We’ve got an outstanding portfolio where we’re the #1 manufacturer in most of the markets that we compete in. We’ve got a great geographic mix where nearly over 50% of our sales are driven by those markets, which are growing in terms of GDP in the mid to high single digits.”

Simms also confirmed that the Charter Acquisition was a tremendous opportunity for Colfax and that they will aggressively go after another strategic platform to add to the 2 that they have today.

Colfax share price is up 36% year to date clearly outperforming the S&P 500 which is up 12%.

So if everything goes as planned we are only at the beginning of a long term growth story!

Cheers!

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