FLS: Pumps and Valves

Flowserve Corporation develops, manufactures, and sells precision-engineered flow control equipment, as well as provides a range of aftermarket equipment services. (Yahoo Finance) This stock is an integral partner for those industrial corporations desiring expansion. Whether that is the buildout of additional refinery capacity or the construction of additional electricity generation, this company stands to benefit. In addition, it is selling at a historic low multiple. It has historically ranged between 20 and 30 and is currently low in that range. Flowserve has improved its business as evidenced by upgrades by S&P and is preparing itself for a strong run for years to come. I expect $200 price within a year.