Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of filtration equipment specialist Pall
So what: Restructuring charges weighed on Pall's bottom line, but solid sales -- top-line jumped 16.5% to $705.6 million -- show that the company continues to grow despite the weak economy. In fact, the quarter marks the fifth-straight in which Pall has posted double-digit revenue growth.
Now what: Expect the momentum to continue in the short term. "We are encouraged by the strength of orders in the quarter, an indication of continued growth in a mixed environment," CEO Larry Kingsley said. Of course, with a historically much higher cost structure than gorilla rivals like General Electric
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Fool contributor Brian Pacampara owns no position in any of the companies mentioned. Motley Fool newsletter services have recommended buying shares of and creating a diagonal call position in 3M. Try any of our Foolish newsletter services free for 30 days.
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