Manufacturing Report

January 10, 2011

Buy ($175)

Topics covered: Volume and Pricing Returns for Waste Management, Investing in Water Scarcity Solutions, Industrial Production Growth in 2011, Increased CapEx and Aftermarket Business, Automation Use Among Smaller Manufacturers

Companies covered: Boston Private Financial Holdings, Inc. (NASDAQ:BPFH), Wilmington Trust Corporation, Webster Financial Corporation (NYSE:WBS), Signature Bank (NASDAQ:SBNY), Marshall & Ilsley Corporation, Huntington Bancshares Incorporated (NASDAQ:HBAN), First Horizon National Corporation (NYSE:FHN), Bank Of Montreal (NYSE:BMO), Chart Industries, Inc. (NASDAQ:GTLS), Astec Industries, Inc. (NASDAQ:ASTE), Apogee Enterprises, Inc. (NASDAQ:APOG), Watsco, Inc. (NYSE:WSO), Praxair, Inc. (NYSE:PX), Quanta Services, Inc. (NYSE:PWR), Pool Corporation (NASDAQ:POOL), PolyOne Corporation (NYSE:POL), Lincoln Electric Holdings, Inc. (NASDAQ:LECO), Beacon Power Corporation, Airgas, Inc. (NYSE:ARG), Air Products and Chemicals, Inc. (NYSE:APD), Smith (A.O.) Corporation (NYSE:AOS), Pentair plc. (NYSE:PNR), Pall Corporation (NYSE:PLL), Nalco Holding Co., ITT Corporation (NYSE:ITT), Danaher Corporation (NYSE:DHR), Bridge Bancorp, Inc. (NASDAQ:BDGE), Arotech Corporation (NASDAQ:ARTX), Enersys (NYSE:ENS), Graham Corporation (NYSE:GHM), Exide Technologies, China Ceramics Co., Ltd. (NASDAQ:CCCL)