Great American Manufacturing Play - Dover
All week long Cramer has been highlighting great American manufacturers with new innovative technologies. Cramer recommended Dover (DOV) as his sixth selection for great American manufacturing companies. Dover has business segments in industries like electronics, mobile equipment, engineered products and fluid solutions. The company produces garbage compactors, tank trailers, ATMs, refrigeration systems, parts for construction vehicles, fuel nozzles, hearing aid s and more. Dover also has some exciting technologies like a trash compactor fueled by solar power and biodegradable fluids and refrigeration units for grocery stores that are energy efficient. The company also produces fuel efficient pumping systems and coding systems that benefit logistics. Cramer said the company is growing overseas with 25% of growth coming from Asia and 45% of total revenues from abroad. Dover trades at 12.6 times earnings and has a 15% growth rate. Cramer thinks this new world technology company should trade at a higher valuation.
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