<\/p>\n
Are we already out of recession? Are we on a slow path of recovery? Are we facing a double dip recession or are we heading into a depression? Those are the most discussed questions these days!<\/p>\n
\n
But if we think positive and want to position ourselves for an economic recovery, where should we look first ?<\/p>\n
\n
The American consumer is still indebted and has to further reduce its debt burden.<\/p>\n
So it is rather unlikely that in the near future the consumer will spend money as he did before the crisis and that consumer stocks will see the economic recovery first.<\/p>\n
\n
So what about manufacturing, what about industry?<\/p>\n
\n
Industrial companies in general have cash and a low debt burden.<\/p>\n
Interests are at an historic low and stocks do not look expensive.<\/p>\n
So it is not a suprise that M&A activity is picking up. Insiders see that they can buy companies for cheap and that it is a good moment to ramp up capacity.<\/p>\n
\n
Further down the road this eventually will lead to more hiring, reducing unemployment and finally will help the consumer to spend more money.<\/p>\n
\n
This blog follows the liquid handling systems specialist Colfax Corporation (NYSE: CFX)<\/strong><\/em><\/p>\n \n So why not add some shares of this company to your portfolio now?<\/p>\n \n Colfax strategy is to grow not only internally but also by small acqusitions.<\/p>\n The stock currently trades at $ 13.73 which means a p\/e of 18 (Dec 2010), a forward p\/e (Dec 2011) of 14 and a p\/fcf of about 18.<\/p>\n \n This does not seem too expansive for this very fine company!<\/p>\n \n The first time this company has been mentioned on this blog was on May 16th<\/sup>, 2009, when it traded at $ 7.27:<\/p>\n \n until today a performance of 89 % easily beating the general stock market<\/strong>!<\/strong><\/em><\/p>\n And believe me, we did not reach the end of the road yet!<\/p>\n \n \n \n","protected":false},"excerpt":{"rendered":" Are we already out of recession? Are we on a slow path of recovery? Are we facing a double dip recession or are we heading into a depression? Those are the most discussed questions these days! But if we think positive and want to position ourselves for an economic recovery, where should we look first […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[3],"tags":[36,37],"_links":{"self":[{"href":"http:\/\/www.blog.asmus-puhl.com\/index.php?rest_route=\/wp\/v2\/posts\/533"}],"collection":[{"href":"http:\/\/www.blog.asmus-puhl.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.blog.asmus-puhl.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.blog.asmus-puhl.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.blog.asmus-puhl.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=533"}],"version-history":[{"count":10,"href":"http:\/\/www.blog.asmus-puhl.com\/index.php?rest_route=\/wp\/v2\/posts\/533\/revisions"}],"predecessor-version":[{"id":543,"href":"http:\/\/www.blog.asmus-puhl.com\/index.php?rest_route=\/wp\/v2\/posts\/533\/revisions\/543"}],"wp:attachment":[{"href":"http:\/\/www.blog.asmus-puhl.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=533"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.blog.asmus-puhl.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=533"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.blog.asmus-puhl.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=533"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}