A Wide Customer Base Keeps Altra Holdings Inc. (AIMC) Stock Moving
The six months before June 2008 have shown business diversification in very favorable light for stocks. Innumerable portfolios have come to grief because of their over-dependencies on one or the other segment of the world economy. Almost all stock investors, whether by hindsight or foresight, must look at stocks of diversified companies to weather the current market conditions until the next upswing. Capital, human, physical and intangible resources limit diversification. A management team may wish to enter a new field of activity, but lack the capabilities to compete profitably and in sustainable ways. A wide client base gives a corporation…