No SYM Company Name Description Price** DCF*GrahamValueEPVNet AssetValue

Lumber Liquidators IncLumber Liquidators, Inc. (Lumber Liquidators) is a specialty retailer of hardwood flooring in the United States. The Companyoffers a selection of hardwood flooring products under multiple brands. As of December 31, 2008, it sold its productsthrough 150 Lumber Liquidators stores in 44 states, a call center, its Website and a catalog. It offers an assortment of hardwood flooring that includes prefinished domestic and exotic hardwoods, engineered hardwoods, unfinished hardwoods,bamboo, cork and laminates. In total, the Company offers nearly 350 different flooring product stock-keeping units. It alsooffers an assortment of flooring enhancements and installation accessories, including moldings, noise-reducing underlay andadhesives.

$24.62$14.31$11.32$12.71

ALGT

Allegiant Travel CoAllegiant Travel Company (Allegiant Travel) is a leisure travel company focused on transporting travelers in small cities toleisure destinations, such as Las Vegas, Nevada, Phoenix, Arizona, Orlando, Florida, Tampa/St. Petersburg, Florida and Ft.Lauderdale, Florida. It operates a low-cost passenger airline marketed to leisure travelers in small cities, allowing it to sell airtravel both on a stand-alone basis and bundled with hotel rooms, rental cars and other travel related services.

$40.64$14.00 $18.71N/A

QSII

Quality Systems IncQuality Systems, Inc. develops and markets healthcare information systems that automate certain aspects of medical anddental practices, networks of practices, such as physician hospital organizations (PHOs) and management serviceorganizations (MSOs), ambulatory care centers, community health centers, and medical and dental schools. The Companyalso provides revenue cycle management (RCM) services through its Practice Solutions division of NextGen. The Company isconsisted of the QSI Division and a wholly owned subsidiary, NextGen Healthcare Information Systems, Inc. (NextGenDivision). The QSI Division focuses on developing, marketing and supporting software suites sold to dental and certain nichemedical practices.

$60.92 N/AN/AN/A

LHCG

LHC Group IncLHC Group, Inc. (LHC Group) provides post-acute health care services to patients through its home nursing agencies,hospices and long-term acute care hospitals (LTACHs). Through its wholly and majority owned subsidiaries, equity jointventures and controlled affiliates, the Company operates in Louisiana, Mississippi, Arkansas, Alabama, Texas, Kentucky,Florida, Tennessee, Georgia, Virginia, West Virginia, Ohio, Missouri, Oklahoma, Maryland and Washington. The Companyoperates in two segments: home-based services and facility-based services. In September 2008, LHC Group announced twoseparate acquisitions, both effective September 1, 2008. LHC Group acquired 100% of the assets of Mountaineer HomeHealth located in Charleston, West Virginia. The agency will operate under the name of Mountaineer HomeCare. TheCompany also acquired 100% of the home health assets of the Jackson County Board of Health located in Ripley, WestVirginia.

$31.25$33.00$28.14$25.81

GMCR

Green Mountain CoffeeRoasters IncGreen Mountain Coffee Roasters, Inc. is engaged in the specialty coffee industry. The Company sells over 100 whole beanand ground coffee selections, hot cocoa, teas and coffees in K-Cup portion packs, Keurig single-cup brewers and otheraccessories. The Company manages its operations through two business segments, Green Mountain Coffee (GMC) andKeurig, Incorporated (Keurig). GMC sells whole bean and ground coffee, hot cocoa, teas and coffees in K-Cups mainly indomestic wholesale and retail markets, and directly to consumers. In addition, GMC sells Keurig single-cup brewers andother accessories primarily directly to consumers and to supermarkets. In November 2009, Green Mountain Coffee Roasters,Inc. acquired Timothy`s Coffees of the World, Inc. from an affiliate of Sun Capital Partners, Inc. The acquisition includes theTimothy`s World Coffee brand and wholesale business (but does not include retail operations), and will be maintained as awholly owned Canadian subsidiary.

$65.01$4.00 $10.19$17.76

TRCR

Transcend Services IncTranscend Services, Inc. (Transcend) provides medical transcription services to the healthcare industry. The Companyprovides two primary medical transcription options for customers: the provision of transcription services and technologyusing the Company

s BeyondTXT workflow platform, and the provision of transcription services using the customers or

licensed third party transcription system. On January 1, 2009, the purchased certain assets of DeVenture Global HealthPartners (DeVenture). Effective April 1, 2009, the Company acquired the domestic medical transcription business of Transcription Relief Services, LLC. On August 31, 2009, the Company completed the acquisition of Medical Dictation Services,Inc.

$18.48$12.20 $10.33$7.26

RAX

Rackspace Hosting IncRackspace Hosting, Inc. (Rackspace Hosting), incorporated on March 7, 2000, is engaged in the business of hosting and cloudcomputing. The Company

s services are sold to businesses in more than 120 countries. The Company sells a suite of hosting

and cloud computing offerings, all backed by Fanatical Support.

$18.31 N/AN/AN/A

NVEC

NVE CorpNVE Corporation (NVE) develops and sells devices that use spintronics, a nanotechnology that relies on electron spin ratherthan electron charge to acquire, store and transmit information. The Company manufactures high-performance spintronicproducts, including sensors and couplers that are used to acquire and transmit data. It has also licensed spintronicmagnetoresistive random access memory technology (MRAM). The Company

s designs are generally based on either giant

magnetoresistance (GMR) or tunneling magnetoresistance (TMR). These structures produce a change in electrical resistancedepending on the electron spin orientation in a free layer. The Company

s sensor products detect the presence of a magnet

or metal to determine position or speed. The GMR changes its electrical resistance depending on the magnetic field. In itsdevices, GMR is combined with conventional foundry integrated circuitry and packaged in the same way as conventionalintegrated circuits.

$39.53$37.45 $24.67$23.66

APEI

American Public EducationIncAmerican Public Education, Inc. is a provider of online postsecondary education directed at the needs of the military andpublic service communities. The Company operates through two universities: American Military University (AMU), andAmerican Public University (APU), which together constitute the American Public University System. The Company

universities share a common faculty and curriculum that includes 74 degree programs and 51 certificate programs indisciplines related to national security, military studies, intelligence, homeland security, criminal justice, technology,business administration, education and liberal arts. During the year ended December 31, 2008, the Company served over45,000 students living in all 50 states and more than 130 foreign countries. Its university system is regionally and nationallyaccredited.

$32.14$15.55 $7.00$17.49

ASEI

American Science &Engineering IncAmerican Science and Engineering, Inc. (AS&E) develops, manufactures, markets, and sells X-ray inspection and otherdetection solutions for homeland security and other targeted markets. AS&E provides maintenance, warranty, research,engineering, and training services related to these solutions. The Company manufactures X-ray inspection products that canbe used to inspect parcels, baggage, vehicles, pallets, cargo containers, and people. It sells its products to a variety of customers, including authorities responsible for port and border security, military organizations, high threat commercial andgovernment facilities, aviation security agencies and legal enforcement agencies. Its products are used by these customersto help combat terrorism, trade fraud, drug trafficking, weapons smuggling, and illegal immigration. Its products are alsoused for military force protection and general facility security.

$69.86$62.49$70.01$56.00

DLB

Dolby Laboratories IncDolby Laboratories, Inc. develops and delivers products and technologies that are used in the entertainment industry. TheCompany

s technologies are used in digital versatile disc (DVD), players and personal computer DVD playback software,

digital televisions, set top boxes, portable media devices and in a range of consumer electronic products, such as gamingsystems and audio/video receivers. Its products are also used by movie theatres and broadcasters worldwide. The Companygenerates revenue by licensing its technologies to manufacturers of consumer electronics products and media softwarevendors and by selling its professional products and related services to entertainment content creators, producers anddistributors. The Company has licensed its technologies to manufacturers in approximately 25 countries. It sells its productsand services in over 85 countries.

$43.28$47.24$40.19$34.41$9.51

*intrinsic value calculated automatically with spreadsheet. Detailed calculation required later on. DCF, Graham Fair Values and EPV were at time of writing

2009 Forbes 200 Best Small Companies

22-Nov-09

HMSY

HMS Holdings CorpHMS Holdings Corp. (HMS) provides a variety of cost management services for government-sponsored health and humanservices programs. HMS

s customers are State Medicaid agencies, Medicaid managed care plans, Pharmacy Benefits

Managers (PBM), child support agencies, the Veterans Health Administration, the Centers for Medicare & Medicaid Services(CMS), and other public programs. As of December 31, 2008, the Company served 36 state Medicaid agencies and 92Medicaid health plans (under 37 contracts). HMS also provides coordination of benefits and third party insuranceidentification services to 21 Veterans Integrated Service Networks of the Veterans Health Administration, and child supportagencies in 11 states. On September 16, 2008, the Company acquired Prudent Rx, Inc. Prudent Rx

s products and services

include pharmacy audits, PBM audits and Long-Term Care Audits. In September 2009, the Company acquired the business of IntegriGuard LLC.

$44.34$25.89 $21.87$20.98$4.35

SYNA

Synaptics IncSynaptics Incorporated is a worldwide developer and supplier of custom-designed user interface solutions that enablepeople to interact and intuitively with a variety of mobile computing, communications, entertainment and other electronicdevices. The Company targets the personal computer (PC) market and the market for digital lifestyle products, includingmobile smartphones and feature phones, portable digital music and video players, and other select electronic devicemarkets with its customized human interface solutions. Its original equipment manufacturer (OEM) customers include tierone PC OEMs. The Company supplies custom designed human interface solutions to its OEM customers through theircontract manufacturers. Through its OneTouch offering, the Company enable its customers to access the technologies todevelop their own human interface designs for capacitive button and scrolling applications for products, such as mobilesmartphones and feature phones.

$25.48$27.48$21.55$17.96$6.35

JOSB

Jos A Bank Clothiers IncJos. A. Bank Clothiers, Inc. (Jos. A. Bank) is a designer, retailer and direct marketer (through stores, catalog and Internet) of men

s tailored and casual clothing and accessories. It sells all of its products exclusively under the Jos. A. Bank label through

its 460 retail stores (as of January 31, 2009, which includes seven outlet stores and 12 franchise stores) located throughout42 states and the District of Columbia in the United States, as well as through the Company

s nationwide catalog and

Internet (www.josbank.com) operations. Its products are targeted at the male career professional and emphasize the Jos. A.Bank brand of tailored and casual clothing and accessories. The Company

s products, which range from the original Jos. A.

Bank Executive collection to the more luxurious Jos. A. Bank Signature collection to the exclusive Jos. A. Bank Signature Goldcollection. Jos. A. Bank operates through two segments: Stores and Direct Marketing.

$41.74$50.18 $51.99$53.20$18.91

PETS

PetMed Express IncPetMed Express, Inc. (PetMed) and its subsidiaries, doing business as 1-800-PetMeds, is a pet pharmacy. The Companymarkets prescription and non-prescription pet medications, and other health products for dogs, cats, and horses direct tothe consumer. The Company markets its products through national television, online, and direct mail/print advertisingcampaigns. PetMed offers a selection of products for dogs, cats, and horses. As of March 31, 2009, its product line containsapproximately 750 stock keeping units (skus). These products include brands of medication, such as Frontline Plus, K9Advantix, Advantage, Heartgard Plus, Sentinel, Interceptor, Program, Revolution, Deramaxx and Rimadyl.

$16.25$15.49 $14.03$13.67$3.88

MED

Medifast IncMedifast, Inc. (Medifast) is engaged in the production, distribution, and sale of weight management and diseasemanagement products and other consumable health and diet products. The Company

s product lines include weight and

disease management, meal replacement, and vitamins primarily manufactured in its modern, the United States Food andDrug Administration (FDA) approved facility in Owings Mills, Maryland. The Company

s operations are primarily conducted

through five of its wholly owned subsidiaries, Jason Pharmaceuticals, Inc. (Jason), Take Shape for Life, Inc. (TSF), JasonEnterprises, Inc., Jason Properties, LLC and Seven Crondall, LLC. The Company offers a variety of weight and diseasemanagement products under the Medifast brand and for select private label customers. It's distribution channels includeMedifast Direct, Take Shape for Life, Medifast Weight Control Centers and Medifast Physicians.

$26.69N/AN/AN/AN/A

ORN

Orion Marine Group IncOrion Marine Group, Inc. (Orion) is a marine specialty contractor serving the heavy civil marine infrastructure market. TheCompany provides different marine construction services on, over and under the water along the Gulf Coast, the AtlanticSeaboard and in the Caribbean Basin. Orion's customers are federal, state and municipal governments, as well as privatecommercial and industrial enterprises. Orion acts as a single-source, turnkey solution for its customers

marine contracting

needs. The Company provides dredging, repair and maintenance, and other specialty services. Many of Orion's contractsencompass multiple services within a single project. On February 29, 2008, Orion acquired Subaqueous Service, Inc. (SSI).

$19.08$12.81$22.35$8.47$4.05

MXB

MSCI IncMSCI Inc. (MSCI) is a provider of investment decision support tools, including indices and portfolio risk and performanceanalytics for use by institutions in managing equity, fixed income and multi-asset class portfolios. The Company

s principal

products are its international equity indices marketed under the MSCI brand and its equity portfolio analytics marketedunder the Barra brand. Its products are used in many areas of the investment process, including portfolio construction andoptimization, performance benchmarking and attribution, risk management and analysis, index-linked investment productcreation, asset allocation, investment manager selection and investment research. The Company

s primary products consist

of equity indices, equity portfolio analytics and multi-asset class portfolio analytics. As of November 30, 2008, the Companyhad over 3,100 clients across 64 countries.

$30.87N/AN/AN/A($1.99)

IDCC

InterDigital IncInterDigital, Inc. designs and develops digital wireless technologies for use in digital cellular and wireless Institute of Electrical and Electronic Engineers (IEEE) 802 related products. The Company participates in and contributes its technologysolutions to worldwide organizations responsible for the development and approval of Standards, to which digital cellularand IEEE 802 compliant products are built, and its contributions are regularly incorporated into such Standards. TheCompany offers for license or sale its SlimChip family of mobile broadband modem solutions (which includes modemInternet protocol (IP) know-how, baseband integrated circuits (ICs) and Reference Platforms) to mobile devicemanufacturers, semiconductor companies and other equipment producers that manufacture, use and sell digital cellularproducts. InterDigital has built its suite of technology and offerings through independent development, joint developmentwith other companies and selected acquisitions.

$23.56$18.23$11.86$39.41$1.88

CPLA

Capella Education CoCapella Education Company, is an online postsecondary education services company. Through its wholly owned subsidiary,Capella University (the University), the Company offers a variety of bachelor

s, masters and doctoral degree programs

primarily delivered to working adults. At December 31, 2008, Capella Education Company offered over 1,020 online coursesand 22 academic programs with 111 specializations to approximately 26,800 learners. The Company also offers certificateprograms, which consist of a series of courses focused on a particular area of study. In addition, Capella Education Companyoffers academic services, such as advising, writing and research services; administrative services, such as online classregistration and transcript requests; library services; financial aid counseling and career counseling services.

$72.61$43.25$41.53$44.51$10.06

AZZ

AZZ incAZZ incorporated (AZZ) is an electrical equipment and components manufacturer, serving the global markets of powergeneration, transmission and distribution, and the general industrial markets. The Company is also a provider of hot dipgalvanizing services to the steel fabrication market nationwide. AZZ offers products through two business segments: theElectrical and Industrial Products Segment, and the Galvanizing Services Segment. The Electrical and Industrial ProductsSegment produces engineered specialty electrical products, industrial lighting and tubular products, all of which theCompany markets and sells both domestic and international markets. The Galvanizing Services Segment provides hot dipgalvanizing to the steel fabrication industry through facilities located throughout the South, Midwest and Southwest UnitedStates. The Company acquired AAA Industries, Inc. on April 1, 2008. It acquired Blenkhorn and Sawle, Ltd. on July 1, 2008.

$33.47$32.11$7.11$18.97$12.01

MIDD

Middleby CorpThe Middleby Corporation, through its operating subsidiary Middleby Marshall Inc. (Middleby Marshall) and its subsidiaries,is engaged in the design, manufacture, marketing, distribution, and service of a line of cooking and warming equipment usedin all types of commercial restaurants and institutional kitchens and food preparation, cooking and packaging equipment forfood processing operations. It conducts its business through three principal business segments: the Commercial FoodserviceEquipment Group; the Food Processing Equipment Group, and the International Distribution Division. The CommercialFoodservice Equipment Group has a portfolio of brands and cooking and warming equipment. The Food ProcessingEquipment Group provides a range of products designed for the food processing industry. Middleby

s International

Distribution Division provides integrated export management and distribution services. In January 2009, it completed itsacquisition of TurboChef Technologies, Inc.

$46.19$50.06$67.09$20.32($11.57)

EBS

Emergent BioSolutions IncEmergent BioSolutions Inc. is a biopharmaceutical company focused on the development, manufacture andcommercialization of vaccines and immune-related therapeutics that assist the body

s immune system to prevent or treat

disease. The Company develop vaccines and therapeutics for use against biological agents that are potential weapons of bioterrorism and biowarfare and infectious diseases that have resulted in significant unmet or underserved public healthneeds. It manufactures and markets BioThrax, also referred to as anthrax vaccine adsorbed, the only vaccine approved bythe United States Food and Drug Administration (FDA), for the prevention of anthrax infection. BioThrax is approved for pre-exposure prevention of anthrax infection by all routes of exposure, including inhalation. In addition to the BioThrax product,the Company have product candidates in advanced stages of development and earlier stages of development.

$13.79$7.58$15.04$10.51$7.52

HITT

Hittite Microwave CorpHittite Microwave Corporation designs and develops integrated circuits (ICs), modules and subsystems for radio frequency(RF) microwave and millimeterwave applications. The Company offers a range of standard and custom ICs, modules andsubsystems that perform a range of functions across the RF, microwave and millimeterwave frequency bands. As of December 31, 2008, the Company had approximately 730 standard products spanning 20 product lines. The products areused in a range of wired and wireless communications applications, such as cellular telephone base stations, microwave andmillimeterwave radio systems, broadband wireless access systems, and direct broadcast satellite systems. They are also usedin detection, measurement and imaging applications including military communication, targeting, guidance and electroniccountermeasure systems, commercial, scientific and military spacecraft, automotive collision avoidance systems, medicalimaging systems and industrial test equipment.

$38.13$34.85$31.64$24.67$9.36

AFAM

Almost Family IncAlmost Family, Inc. (Almost Family), along with its subsidiaries, is a provider of home health services. The Company hasservice locations in Florida, Kentucky, Connecticut, New Jersey, Ohio, Massachusetts, Alabama, Missouri, Illinois,Pennsylvania and Indiana. The Company operates in two segments: Visiting Nurse (VN) and Personal Care (PC). TheCompany is compensated for its services by Medicare (Visiting Nurse only), Medicaid, other third party payors (insurancecompanies and other sources) and private pay (paid by personal funds). Its VN segment provides a range of Medicare-certified home health nursing services to patients in need of recuperative care, following a period of hospitalization or carein another type of inpatient facility. The Company

s PC segment provides services in patients' homes on an as-needed,

hourly, or live-in basis. During the year ended December 31, 2008, the Company acquired 11 visiting nurse branch locations.

$36.06$11.20$21.03$17.93$3.97

WXS

Wright Express CorpWright Express Corporation (Wright Express) is a provider of payment processing and information management services tothe United States commercial and government vehicle fleet industry. The Company provides services in the United States,Canada, New Zealand, and Australia.The Company

s operations are organized into two segments: Fleet and MasterCard. The

Fleet segment provides customers with payment processing services specifically designed for the needs of vehicle fleetindustries. The MasterCard segment provides customers with a payment processing solution for their corporate purchasingand transaction monitoring needs. The Company

s wholly owned banking subsidiary, Wright Express Financial Services

Corporation (FSC) approves the customer applications and owns the customer relationships for the fuel and maintenanceprograms, and offers the MasterCard-branded corporate payment solution.

$29.52$12.69$28.32$17.29$1.81

SYNT

Syntel IncSyntel, Inc. (Syntel) is a provider of information technology and Knowledge Process Outsourcing (KPO) services to Global2000 companies in the financial services, healthcare, life sciences, insurance, manufacturing, automotive, retail, telecom andother industries. The Company

s service offerings are grouped into four segments: Applications Outsourcing, KPO, e-

Business and TeamSourcing. Applications Outsourcing consists of outsourcing services for ongoing management,development and maintenance of business applications. KPO consists of high-value, customized outsourcing solutions.Syntel

s primary KPO focus is in the financial services, healthcare and insurance sectors. e-Business consists of practice

areas in Web solutions, Data Warehousing/Business Intelligence, Enterprise Resource Planning (ERP) and EnterpriseApplications Integration (EAI) services. TeamSourcing consists of professional Information Technology (IT) consultingservices.

$39.63$25.23$27.57$18.96$8.01

FDS

Factset Research SystemsIncFactSet Research Systems Inc. (FactSet) is a provider of integrated global financial and economic information, includingfundamental financial data on tens of thousands of companies worldwide. FactSet offers access to financial data andanalytics to thousands of investment professionals around the world. FactSet provides the tools to download, combine, andmanipulate financial data for investment analysis. FactSet applications support and make workflows for buy and sell-sideprofessionals. These professionals include portfolio managers, research and performance analysts, risk managers, marketingprofessionals, sell-side equity research professionals, investment bankers and fixed income professionals. FactSetapplications provide users access to company analysis, multicompany comparisons, industry analysis, company screening,portfolio analysis, portfolio optimization and simulation, real-time news, and quotes and tools to value and analyze fixedincome securities and portfolios.

$71.86$55.73$61.36$36.00$5.86

IEC

IEC Electronics CorpIEC Electronics Corp. (IEC) is a provider of electronic manufacturing services (EMS) to technology companies. The Companyspecializes in the custom manufacture of circuit cards, system level assemblies and an array of custom cable/wire harnessassemblies. On May 30, 2008, the Company acquired Val-U-Tech Corp. (Val-U-Tech). Val-U-Tech manufactures a portfolio of custom cable/wire harness assemblies, mechanical sub-assemblies, circuit card assemblies and box builds.

$4.37$2.33$0.63$4.26$2.47

DECK

Deckers Outdoor CorpDeckers Outdoor Corporation is engaged in designing, producing and managing footwear and the category creator in thesport sandal, luxury sheepskin, and footwear segments. The Company sell the products, including accessories, such ashandbags, headwear, packs and outerwear, through domestic retailers and international distributors and directly to theconsumers, both domestically and internationally, through Websites, call centers, retail concept stores and retail outletstores. The Company markets its products under four brands: UGG, Teva, Simple and TSUBO. Teva is the Company's brand of the sport sandal market of product line, such as casual open-toe and closed-toe footwear, adventure travel shoes, outdoorcross training shoes, trail running shoes, amphibious footwear, light hikers, and other rugged outdoor footwear styles andaccessories. UGG is the brand and the category creator for luxury sheepskin footwear. The Simple brand comprisessustainable footwear and accessories.

$95.72$85.11$71.78$58.85$31.55

STRA

Strayer Education IncStrayer Education, Inc. is a post-secondary education services corporation. The Company offers a variety of academicprograms through its wholly owned subsidiary, Strayer University, Inc., both in classroom courses and online via the Internet.The Strayer University is an institution of higher learning that offers undergraduate and graduate degree programs inbusiness administration, accounting, information technology, education and public administration at 65 campuses inAlabama, Delaware, Florida, Georgia, Kentucky, Maryland, New Jersey, North Carolina, Pennsylvania, South Carolina,Tennessee, Utah, Virginia, West Virginia and Washington, D.C. As part of its program offering, the University also offersclasses online via the Internet. As of December 31, 2008, the Company had more than 44,000 students enrolled in itsprograms.

$190.00$125.43$118.14$94.95$5.12

BRLI

Bio-ReferenceLaboratories IncBio-Reference Laboratories, Inc. (Bio-Reference) is principally engaged in providing clinical laboratory testing services,primarily to customers in the greater New York metropolitan area, as well as to customers in a number of other states. Bio-Reference offers a list of chemical diagnostic tests, including blood and urine analysis, blood chemistry, hematology services,serology, radioimmuno analysis, toxicology (including drug screening), pap smears, tissue pathology (biopsies) and othertissue analysis. The Company operates two clinical laboratories, one in Elmwood Park, New Jersey and one in Valley Cottage,New York, and an andrology laboratory in New York City, a cytogenetics testing laboratory located in Milford, Massachusetts,a pathology laboratory in Poughkeepsie, New York, a pathology laboratory in Clarksburg, Maryland and a genetics laboratoryin Gaithersburg, Maryland.

$31.94$26.09$18.79$18.61$3.83

HWKN

Hawkins IncHawkins, Inc. (Hawkins) is engaged in distributing, blending and manufacturing bulk and specialty chemicals for thecustomers in a range of industries. The Company operates in two business segments: Industrial and Water Treatment. TheIndustrial Group operates the Industrial segment, which specializes in providing industrial chemicals, products and servicesprimarily to the agriculture, energy, electronics, food, chemical processing, pulp and paper, pharmaceutical, medical deviceand plating industries. The group

s principal products are acids, alkalis and industrial and food-grade salts. The Water

Treatment Group operates the Water Treatment segment, which specializes in providing equipment, chemicals andsolutions for potable water, municipal and industrial wastewater, industrial process water and non-residential swimmingpool water.

$21.31$23.56$17.81$18.39$4.36