Our Dallas presenter highlights the market leading position of Littelfuse (LFUS), an Illinois-based manufacturer of circuit-protection devices. The company has moved its manufacturing facilities to Asia and Mexico and has been implementing a number of other cost reduction initiatives. Penetration of new markets and recovery in existing markets could lead earnings over the longer-term of $3.50+/share. Littelfuse has a solid balance sheet, with sufficient liquidity to pursue acquisitions.