Dover trades at an unfair discount to the market/competitors, Barron's says Dover (DOV) looks like one of the better U.S. conglomerates to own as its shares start to get proper credit for a portfolio of smart, growing businesses, Barron's contends. Its undervaluation is partly due to missteps and money lost this year on newly-acquired Sound Solutions. Dover is expected to produce double-digit earnings growth in 2013 -- besting many competitors. While the stock is trading at 11.7x estimated earnings for next year, some industrial conglomerate competitors are trading well ahead of 13x forward earnings. Dover also recently approved an additional $1B in share repurchases. Reference Link
News For DOV From The Last 14 Days
Check below for free stories on DOV the last two weeks.
LTX-Credence to host conference call Conference call to discuss the completion of the Company's acquisition of the Multitest and Everett Charles Technologies businesses of Dover Corporation (DOV) will be held on December 3 at 10 am. Webcast Link