Mr. Brady: I've been with BMO Capital Markets a little over four years, and prior to that was at Southcoast Capital in New Orleans and Credit Suisse. My coverage universe consists of about 15 diversified industrial group companies. There's very little direct one-to-one overlap with most of the companies with the exception of one or two. Pieces of one will overlap the pieces of another, but it's a pretty diversified universe of companies.
TWST: Because it is so diversified, how do you define the sector? What makes up
the industrial equipment sector?
Mr. Brady: We look at the end markets they're selling into and the types of
equipment they're selling; if it's something that is engineered, that is
fabricated, that goes into an industrial-type application regardless of the
various end markets they go into, we consider it industrial equipment. There
really is a wide range of products that serve a large number of end markets,
everything from the oil and gas and energy markets to semiconductor
manufacturing to heavy mining equipment.
Tickers included in this excerpt: BUCY, GGG, IEX, JOYG, NDNS
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