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From Barron's 7-30-07:

Buy - Price 84 on July 24
by Garp Research & Securities
"Teleflex agreed to purchase Arrow [maker of disposable medical supplies] in an all-cash transaction totaling $2 billion/$45.50 a share...a 20% premium. Deal close expected by end of 4Q07...The medical segment should produce $1.4 billion of revenue, or over 45% of corporate total. This is up from 35% right now and 23% just seven years ago.

Profitability from medical division is nearly twice that of the aerospace business...Teleflex has shown proficiency in growing through bolt-on acquisitions...[M]anagement expects...[up to] $75 million of cost savings by 2010. We think this should contribute to nearly $8 of EPS by that year."

Teleflex announced a $300 million dollar buyback.

Teleflex Incorporated engages in the design, manufacture, and distribution of engineered products for commercial, medical, and aerospace industries in North America, Europe, and Asia.

The stock trades for 8x cash flow.

Dvd Yield: +1.8%