The management, after spending $15 million to buy back shares, has decided to spend another $30 million for the same purpose. Institutions already hold almost all of the nearly 14 million shares. The move signals unqualified confidence in the future of the business. It should make all investors anxious for reliable stocks in today’s uncertain market conditions look at this corporation from Westford, MA.

The stock is a part of the Miscellaneous Capital Good Industry, but its core strength lies in paper recycling. This is already an established need in environmentally aware markets, and trends in paper prices imply that recycling demands will continue to grow. The company has a broad presence in the paper business. It makes granules from byproducts of the paper-making process. The company is a significant equipment supplier to the entire spectrum of paper product manufacturers.

There has been an important technological development of late; a division of the company has introduced a pump that uses a patented process. The pump enables manufacturers to do more with less energy, and offers superior process control as well. This innovation will further the company’s considerable and established technical leadership in its domain.

Earnings per Share have a five-year growth rate of 23.01. Debt was just 0.15 of Equity at the end of the Most Recent Quarter. Capital Spending has grown consistently by over 23% over the past five years. This indicates stable and significant business expansion in the near future.

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