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Industrial Electrical Equipment

A.O. Smith Corporation (NYSE: AOS) – FYE 12/2017 OVER VALUED The stock is currently trading at levels above my most recent $31 fair value estimate. Please See Linked Worksheet
Posted on 03/16/18


Powell Industries, Inc.
It has been a tough few years for companies that cater to the oil and gas and mining industries. I would think management would have at least tried to move into other markets. But if the management is happy operating at break even or less, then I am happy to pass on owning shares and hope the employees will do the same.

Powell Industries, Inc. (Nasdaq: POWL) – FYE 09/2017 – OVER VALUED – The stock is currently trading above my ($9) fair value estimate – Please See Linked Worksheet


Woodward Governor Company, Inc.
The company again turned in very good performance of FY 2017 with increases in sales, earnings, and free cash, and decreases in debt and the cash conversion cycle. What I keep wondering about is the need to continue the joint venture agreement between the company and GE Aviation. Since inception in September 2016, the JV has contributed roughly $117,000 in net sales to the company. Doesn’t seem like much considering the accounting and legal expenses to maintain it.

Woodward Governor Company, Inc. (NYSE: WWD) – FYE 09/2017 – OVER VALUED – The stock is currently trading at levels above my $50 fair value estimate – Please See Linked Worksheet

Please note that worksheets are updated basis the most current SEC 10-K ANNUAL filing.