In a testimony to the benefit of value investing, Dover Corporation is up nearly 14% year to date despite weakening end market conditions in its oil-and-gas-focused sales and operational inefficiencies in its retail refrigeration segment. As you can see below, Dover, along with other oil-and-gas-heavy industrials like Emerson Electric , started the year at a generous valuation. However, now that the stock and valuation have risen, is it time to cash in gains?
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