New Scrubber Has A Green Advantage

Article Excerpt

TENNANT CO. $27 (New York symbol TNC; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 18.5 million; Market cap: $499.5 million; WSSF Rating: Average) has developed a new floor scrubbing machine that cleans without detergents. Called ‘ech2o’, this scrubber uses electricity to enhance the cleaning power of ordinary tap water. That cuts its operating costs. As well, the new scrubber should appeal to schools, hospitals and other users with concerns about the environmental impact of cleaning chemicals. Innovative products like the ech2o will help expand Tennant’s 2008 earnings to $2.15 a share, which gives it p/e of just 12.6. Tennant is a buy. buy…