CFX

Colfax Corporation

Industrial/Transportation


Presented:12/12/2013
Price:$58.53
Cap:$5.96B
Current Price:$39.83
Cap:$2.22B

Presented

Date12/12/2013
Price$58.53
Market Cap$5.96B
Ent Value$7.07B
P/E Ratio17.16x
Book Value$25.43
Div YieldN/A
Shares O/S101.90M
Ave Daily Vol320,000
Short Int1.88%

Current

Price$39.83
Market Cap$2.22B
Colfax Corporation, a diversified industrial manufacturing and engineering company, provides gas- and fluid-handling and fabrication technology products and services to commercial and governmental customers worldwide. The company operates two segments, Gas and Fluid Handling and Fabrication Technology. The Gas and Fluid Handling segment supplies a range of products, including pumps, fluid-handling systems and controls, specialty valves, heavy-duty centrifugal and axial fans, rotary heat exchangers and gas compressors, which serves customers in the power generation, oil, gas and petrochemical, mining, marine, defense, and general industrial and other end markets. It also provides repair and retrofit services for products manufactured by other valve suppliers. In addition, this segment provides lubrication system equipment and services, including LubriMist oil mist generators, Mistlock bearing lubrication cartridges, and ThermoJet oil purifiers, as well as high velocity oil flushing, leakage oil reclamation, and condition monitoring services to customers in petroleum, petrochemical, natural gas, and power generation end markets. It markets its products primarily under the Howden, Colfax Fluid Handling, Allweiler, Imo, and Total Lubrication Management brands. The Fabrication Technology segment formulates, develops, manufactures and supplies consumable products and equipment primarily under the ESAB brand for use in the cutting and joining of steels, aluminum, and other metals and metal alloys. Its ESAB range of welding consumables includes electrodes, cored and solid wires, and fluxes. The company markets its products through direct sales and third-party distribution channels. Colfax Corporation was founded in 1860 and is headquartered in Fulton, Maryland.

Highlights

The presenter is bullish on the outlook for Colfax (CFX). He characterized the company as a smaller version of Danaher, with a greater focus on industrials. He noted that the company is slightly more cyclical than Danaher due to the lack of healthcare exposure, but it has a much longer runway to work with due to its smaller size.

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