Ametek (AME-N)

Electronic equipment that makes monitors for many industries from pharma to oil. Established international company. ROIC rose from 14% in 2009 to 26% now. Stock is still cheap. $17B market cap. $3.8B in revenue. Consistent, well-diversified company.

(A Top Pick March 21/16. Down 7.16%.) A multi industrial company. Had a great track record over the last 10 years. Sold his holdings after Q1, because they missed a few quarters where they had never missed before. He is going to watch and monitor it, to see if they come back on track again for their Q2 earnings.

Likes industrials. He used to have a decent weighting, but with the recent run-up in industrial companies in the US, he sold a great many of them, but kept this one. It is a high-quality multi industrial. Their forecast this year is to grow zero to maybe +4%. Over time they have shown the ability to make good acquisitions that they can fold into their systems, and be able to grow both the top line and bottom line organically and through M&A. Their goal is to double their earnings over the next 5 years, which is probably what they have done over the last 10 years. Valuation is not cheap, but not expensive either.