5 smart stocks from the fool

• Motley Fool: 3 cheap stocks

One of the world's leading manufacturers of valves, pumps, and seals, Flowserve is an investment in infrastructure in emerging markets, the world's burgeoning demand for energy, and the upkeep of aging systems in the U.S. and Western Europe. The company's flow-control products are essential to the power-generation, oil and gas, chemical, and water industries, making Flowserve (market cap: $4.4 billion) a truly global business. Recurring maintenance revenue adds stability to the growing enterprise, while the stock trades at just nine times estimated 2009 earnings.

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