Donaldson Corporation - I Am A Buyer On Dips In This Great Long-Term 'Boring' Business
The Value Investor • Wed, Aug. 27
- Donaldson reported solid results for the final quarter, pleasing its investors.
- Investors are furthermore comforted by a solid outlook for the upcoming year.
- Management has a great track record in creating long-term shareholder value.
- As such I am happy to pay a modest premium pegged at 20 times forward earnings for this very high quality business.