We are following a stock that has something in common with an historic stock market milestone – the year 1929. The span of time between 1929 to 1939 marked a 10-year era known as The Great Depression, a protracted event that many argue had a multitude of causes, both domestically in the United States and worldwide. The US saw a major decline in the stock market, falling consumer prices (deflation) in the midst of a major shift in product manufacturing techniques, joblessness, and an eventual slowdown in global trade that brought commerce to a fraction of what it once was just years before.
Ironically, we are now following a manufacturing company that was incorporated the very year marked by the beginning of the Depression. (although it was technically founded in 1880). If you think about that for a second or two, it’s not often you can find a company that has been around for 140+ years.
As you may know by now, our first criteria in our tier one quality microcap checklist is “long operating history.”
This is the case with a “boring” company that manufactures and sells industrial, professional, and consumer measuring and cutting tools, and related products in the United States, Canada, Mexico, Brazil, China, the United Kingdom, Australia, and New Zealand.
“The Company offers its broad array of measuring and cutting products to the market through multiple channels of distribution throughout the world. The Company’s is a brand recognized around the world for precision, quality and innovation…”