Thursday, August 27, 2009
AZZ is another solid, long term pick. They are a financially sound company that is growing rapidly. AZZ has made an acquisition of another company each year for the last three years. This year they added Pilot Galvanizing and Bristol Galvanizing to the company. Last year it was AAA Galvanizing, which included 6 different plants throughout the midwest and west. Two or Three years ago they purchased Witt Galvanizing, which included 3 plants in the northern midwest. AZZ had a 2 for 1 split about two years ago and the price continued to rise. The profit numbers just keep increasing, without adding any substantial debts. This is a great pick for the long term.
at 6:22 PM