Sensor and control manufacturer Sensata Technologies (NYSE:ST) has the sort of stock that can test an investor's resolve to stick to value discipline. There are not all that many companies that manage to carve out 30%-plus market share in multibillion-dollar markets, let alone that still have mid-to-high single-digit growth potential just on the basis of content growth. Add in a commitment to complementary M&A and I expect Sensata to be a high-quality growth story. I have no doubt that some investors will find arguments to support a case that Sensata is notably undervalued today, but I don't see it and I think this is a prime candidate for the watch list.
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