Comments for AME - Stockpickr! Your Source for Stock Ideas

Comments for AME

Added By	Comments	Type	Date Added
sarah z	From a recent Mad Money show: "They're a great company, but they're levered to gross domestic product and GDP is declining. I prefer Eaton."	Love	October 23, 2008
sarah z	Ametek Inc. recently announced that its board of directors increased the amount of stock the company is authorized to repurchase by $50 million. There was $18 million left from an earlier authorization so the company is authorized to buy up to $68 million worth of stock, the Paoli, Pa.-based maker of electronic instruments (NYSE:AME) said. The company also said Monday it is buying Xantrex Technology Inc.'s programmable power business for $120 million in cash. Ametek Chairman and Chief Executive Frank S. Hermance said the acquisition of Xantrex, a power supply manufacturer, boosts its presence in the niche market for programmable power sources. The transaction is subject to regulatory approvals and customary closing conditions and is expected to close in the third quarter. Xantrex's programmable power unit tests electronic products and has annual revenue of about $80 million, Ametek said. The stock trades for 12x cash flow.	Love	July 31, 2008
barrons2	Lower on the market-cap ladder is electronic-instruments maker Ametek (AME), a diversified manufacturer with $5 billion in shares outstanding. Ametek stamps out unusual items like vacuum-cleaner motors. "They generate mid-teens growth out of a very dull business," he says. "They're proof that manufacturing of this sort can still be done in the United States."	Love	June 07, 2008
gvphubli	Earnings Stability Rating: 5. Test instrument maker’s sales growth slowed from 27% to 17% in 2007. %. Five-year earnings growth rate: 21%.	Love	January 28, 2008
pinoleropuro	good fundies	Love	November 06, 2007
tilak	Ametek, Inc.	Love	October 10, 2007
btk03281	cramer	Love	October 02, 2007
Swigs	Stalwart	Love	June 09, 2007
gross641	Ametek operates in two primary segments, the electromechanical group and electrical instrumentation. Top line growth between the two segments increased 19.3% to $505.3 Million. Internal Growth was 9% and a significant portion of their sales were international. (Excludes 2% favorable currency translation). International sales last quarter were 49.9% of total consolidated sales. Ametek continues to keep cost in line by outsourcing material procurement to their international facilities in Shanghai, the Czech Republic and Mexico. All segments had double digit sales growth lead by processed aerospace and their record backlog of 561.4 Million orders. Margins are continuing to improve in the electronic instrumentation group (22% of sales from 20%). Operating Margins for the Electromechanical Group are slightly lower at 17.1% of sales. Ametek is being used inside the new Boeing 787 Dreamliner. Ametek will supply Boeing with “Integrated Cabin Pressure Indicator Displays” which allow the crew to monitor air pressure inside of the cabin. Along with many other Boeing manufacturers’ Ametek has seen drastic improvement in operational efficiencies (inventory reduction, margin improvement) by the introduction of six sigma manufacturing. Cost of Goods sold as a percentage of sales have continued to decline. With this adoption engineers are more focused on customer needs, there is less engineering rework and orders are always on time. As previously mentioned, Ametek has been able to grow their company through inorganic acquisitions. These companies are bought with 10-12% margins on sales, and by applying Ametek’s methods of production the return on equity and return on investment capital improves.	Love	May 19, 2007
dpratto	solid stock	Love	May 12, 2007
gross641	Ametek supplies: Heat Exchangers Hydraulic Quantity Indicators Temperature Sensors Pressure Transducers	Love	April 27, 2007