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I like under-followed companies, and it's hard to be much less followed than MOCON (MOCO). This small analytical/measurement tools company is passingly similar to larger scientific tools makers like Agilent (A), Thermo Fisher (TMO), and Waters (WAT), but MOCON is largely focused on gas/vapor permeation instruments and packaging testing for the food, beverage, pharmaceutical, and consumer goods sectors.

On first blush, MOCON may not seem to be worth the work. There are no sell-side analysts following the stock,...

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