In this case, AZZ meet the initial screening criteria for the right type of technology, and some of the right financial criteria, such as stable or increasing revenues over a 3-year period of time.
“I like what the senior management of the companies are doing in managing their resources,” said Vass. The current drawback for our patented stock selection method is the absence of dividends and in one case, too much long-term debt. If they can get that part of their operations in line, then they would be terrific investment candidates.”
AZZ Incorporated, based in Fort Worth, Texas, manufactures electrical equipment and components for power generation, transmission, and distribution, as well as for industrial markets in the United States. Of the nine high technology industrial clusters, the company fits into the industrial machinery cluster.