Buy Flowserve (FLS)

12/30/2008 10:03 pm EST

Focus: STOCKS

Jim Jubak

Founder and Editor, JubakPicks.com

Flowserve makes pumps, valves and seals and sells to customers in the industrial, nuclear, oil and gas, and water supply markets. Capital spending in the water/wastewater sector is projected to grow by 10% a year in 2008-2010. Nothing to sneeze at. But growth in the sector segments of filtration, desalination, and exports of water equipment to China are projected to grow by 15%. Looking out beyond the next few years, I think growth rates are more likely to head up than down as growing populations in developing economies with more income use and demand more clean water.

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