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“Acquisition of the UK-based J.L. French will add Ford, Land Rover, and Peugeot to its client base. With 32% compounded EPS growth between 2005-6 and 2008-9E, the stock trades at a P/E of 10 times on 2007-8 and 8.6 times on 2008-9 E earnings. We maintain our ‘Buy’ recommendation.”