Pumps, valves and sealants for companies involved in shipping or transporting of fluids or solids. Heavily involved in power plants, chemical industry, power (including nuclear) and water. Third of their business is in North America and the rest is in the Middle East, Asia, Latin America, etc.

75% of activity is focused in water purification, conservation and anything in water infrastructure. Recently acquired a couple of Canadian engineering firms.

A pure uranium play so you don’t have to worry about production rates, grades being mined and costs.

Terrific company. Tremendous interest in General Motors’ (GM-N) IPO will rub off on Ford. We are in a long term recovery cycle for automobiles and the peak won’t come until about 2013, 2014.

Stock is fully priced. At $0.21 a share of cash flow, 10X is the maximum you would want to pay.

(A Top Pick Nov 2/09. Up 56.05%.) Still a Buy.

(A Top Pick Nov 2/09. Up 17.46%.) Still a Buy