In tiny Batesville, Indiana, an industrial giant is rising from the bones of the dead.
If you know the name Hillenbrand (NYSE:HI), you have my sympathies. For years the company was a leader in funeral products through its Batesville casket line. It's a good, steady business, with few risks of recalls on shoddy products. But it's not a growing business, especially given the growing appetite for cremation.
So, outgoing CEO Ray Hillenbrand, the casket man, allowed his company to be transformed by F. Joseph Loughrey, a former executive with Cummins Engine who was seeking a new challenge. Loughrey in turn has transformed Hillenbrand into an industrial equipment company with little shareholder risk and high potential rewards.
|FREE||SA PRO MEMBERS|
|IDEA GENERATOR||X||Exclusive access to 10 PRO ideas every day|
|INVESTING IDEAS LIBRARY||X||Exclusive access to PRO library of more than 15,000 ideas|
|SECTOR EXPERT NETWORK||X||Exclusive access to all sector experts for direct consultation|
|PERFORMANCE TRACKING||X||Track performance of all PRO stock ideas|
|PROFESSIONAL TOOLS||X||Professional Idea Filters to zero-in based on industry, market cap and more|