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Off The Record: A Top Industry Observer praises AMETEK management team Full article published: 04/11/2002     Money Managers, Analysts, Buysiders and Executives


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AMETEK, Inc. (NYSE:AME);

Three analysts and top management from sixteen sector firms examine the industrial manufacturing sector in this special 83-page Industrial Manufacturing issue from The Wall Street Transcript, available at (212/952-7433) or http://www.twst.com/info/info522.htm

“Management at AMETEK has been doing a very respectable job,” notes a top industry observer. “The stock market is finally starting to pay attention to AMETEK and I think that is well deserved. Historically, AMETEK has been known for making vacuum cleaner motors. However, they are so much more than that. Chairman and CEO Frank Hermance has been very steadily investing $100-$150 million a year in acquisitions. AMETEK is diversifying. They are getting into more instrumentation companies and higher growth businesses, which has helped to diversify their portfolio. Hermance saw the writing on the wall with regard to the economic slowdown and as such AMETEK was one of the first companies to recognize the industrial slowdown. Since, AMETEK has made some moves in what they call their cost-driven businesses or some of the older, more mature businesses. AMETEK has been moving manufacturing to Mexico, the Czech Republic and China. Likewise, with the slowing demand, Hermance has been reducing head count where applicable. These have been some very wise decisions by AMETEK’s management. I would say all in all, AMETEK’s Hermance has done a pretty good job.”

This special issue includes:

1) Industrial Manufacturing - In an in-depth (10,700 words) Analyst Roundtable, Wendy D. Caplan, Managing Director at ABN AMRO, John G. Inch, Analyst at Bear, Stearns & Co., Inc. and Gregory M. Macosko, Senior Equity Analyst at Lord, Abbett & Co., examine the outlook for the sector including inventories, stock performance and share specific stock recommendations.

2) TWST confidential Off-The-Record survey of management performance of twelve sector firms asked market insiders about the ability of management teams to create shareholder value.

3) CEO interviews (average 2,500 words). Top management of sixteen sector firms examine the outlook for their firm and the sector.


Tickers included in this excerpt: AME

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This interview is a small excerpt from a comprehensive management survey published in The Wall Street Transcript on 04/08/02. For more information call (212) 952 7400. The Wall Street Transcript does not endorse any of the comments made by interviewees, and does not make stock recommendations.

Copyright 2002, Wall Street Transcript Corp.

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