Daniel Philip
Long only, deep value, growth, long-term horizon

Graco Could Create Immense Wealth For Shareholders Over Time

Introduction

"It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price."

- Warren Buffett

Graco Inc. (NYSE:GGG) designs, manufactures and markets systems and equipment to pump, meter, mix and dispense various fluids and coatings worldwide. As a mid-cap firm, Graco has plenty of room to grow and develop into an industrial equipment behemoth. Granted, the current multiple of 22 isn't cheap, but the growth opportunities are certainly there, and the valuation of a stock can't be determined simply by a P/E ratio. We believe Graco presents a large opportunity for shareholders as it has strong fundamentals and a wide moat based on intangible assets and high level entry...

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