Financial+Information

=**Investment Proposal**= ====**Graco- I chose this one because it looks like a good use for our company. Some companies don't see a recession as an excuse to stand still. Graco (symbol GGG, $25), which makes devices that pump, mix, measure and spray all kinds of fluids, is one of them. Even as Graco's customers in the auto and construction industries were cutting back last year, the Minneapolis firm was hiring engineers and boosting new-product spending by 20%. This is a good product.**==== ====**Precision Castparts- I chose this product because it would seem like it would be a good one. (PCP, $ 84) makes metal components for aircraft engines, power-plant turbines and other products for which strength and structural integrity are critical. It is a high-performace arena in which few manufacturers can play, and the Portland, Ore., firm boasts decades-long relationships with key customers. Unfortunately, many of them are in the depressed aerospace industry (54% of sales). This would be a great product for our company.**==== ===**ITT-** I chose the ITT becuase i think it could be useful to our company for many years. A voracious conglomerate that acquired more than 350 compainies in the 1960s and '70s, (ITT, $43) today focuses on two promising areas: electronics for the U.S. military (it's the Army's biggest supplier of night-vision goggles), and pumps and equipment for water-and wastewater-treatment systems. Defense electronics, which accounts for more thatn half of revenes and operating profits, is growing even during the recession.=== ===Emerson Electric- I chose this item because it could be a successful bigtime hit for us. (ERM, $36) makes a wide variety of meters, motors, sensors, valves, power systems and appliances that it sells to industrial customers and consumers. The 119-year-old St. Louis firm is anything but glamorous. But investors seeeking a predictable business with growing dividends ( Ermerson's payout has increased 52 straight years) need look no futher.===

===**Automatic Data Processing- I chose this product becuase would could need it for our company. Rising joblessness seems to have frightened some investors away from Automatic Data Processing (ADP, $37), which provides payroll and record keeping services for more than 585, 000 employers. ADP, one of the only four rindustrial firms with a triple-A credit rating, has a dream business model. in addition to collecting fees from clients, the Roseland, N.J., firm gets 7% of its income from interest on the taxes it deducts from paychecks and later turns over to the government.**===