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One of the picks and shovels type companies that I have been looking at is Mettler Toledo. I know our company uses their equipment and also has started using their software in our lab. In addition to being a pick and shovel pick they also have a great global footprint with only 40% of their 2006 revenues coming from the Americas, so they also could be a way for you to add some international exposure.

Revenue is growing in the upper single digits but it looks like they are increasing their margins and therefore growing their bottom line at more than 10% per annum.

Anyone else have any thoughts on MTD?

Bruiser
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