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Parker Hannifin

Look at this chart. This is the sort of company I love. It has great earnings, its earnings growth rate is great, and the market is recognizing that earnings growth with an expanding multiple.

There is strong demand for machinery companies’ products as well as for their stock.

If we are managing your money, you likely own this company, or Ingersol Rand, or another of the machinery stocks. If you are managing your own money, the basic industries that are providing the machinery that is allowing for the world’s growth to speed ahead are the place to make money.

Mark