That's an interesting thought re XYL but I think a lot of the MPRs revs come from air purification so I'm not sure exactly how complimentatry a fit MPR is for XYL. IMHO Its hard to imagine MPR going much lower by itself. Maybe it gets pulled down in the undertow of a declining market due to a failure to resolve the fiscal cliff. I understand the guidance or at least the backlog means next Q won't likely be .19, but its hard to imagine and extended period below say 8 given the dividend support and the fact that we already had several .11 and .12 quarters without any steep selloff. To my untrained eye the earnings look to be bottoming so I'm willing to bet we hit a 10 handle next and not 7.
I'd mention CLARCOR Inc. (CLC), but I know XYL is currently looking. MPR pump division fits quite nicely to fill a XYL line IMO. MPR is also quite small compared to XYL so area's outside water treatment would be area's for XYL to expand on. Meanwhile I'll sit on this fairly stable company that pays a good dividend for holding.