Naomi Lazarus
Long/short equity, deep value, growth at reasonable price, long-term horizon

Franklin Electric: Gaining A Broader Presence In Emerging Markets

The demand for industrial and irrigation equipment is one that has seen considerable increase in the last year. This includes industrial and residential groundwater and wastewater pumps. One company that stands to benefit more from this increase is Franklin Electric Co., Inc. (NASDAQ:FELE).

Franklin Electric closed the day on July 5, 2013, trading at $36.41. Although the company has experienced increase in spending, which will slightly impact Q2 share profits, investors are sure to reap from spending in the later part of 2013 to early 2014. Although the industry it operates in is cyclical, Franklin Electric is very much ahead because of its expansion strategies.

Story of its growth

Franklin Electric was founded in 1944 as a small...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
FREESA PRO MEMBERS
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details