Albany International (AIN) has been doing a lot of things right, highlighted by its stable Machine Clothing business, and complemented by its Engineered Composites, which is it current and future growth segment.
Although recently appearing to be fully priced, after gross margin and operating margin declined in the latest quarter, along with a drop in earnings per share, the share price fell to the level of it looking like a good entry point.
There is no doubt Albany International is just taking a temporary breather, as it will continue to have a solid base segment in Machine Clothing, and a dynamic growth unit in Engineered Composites, which is projected to grow from $67 million in 2012 to $300-$500...
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