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This is an underfollowed (one analyst) fast-growing company with a forward P/E of approximately 4. It looks super-safe with great potential because it's hard to conjure up any technological or other threat to their business -- a huge (six figures) number of washers and dryers in apartments across the U.S. and northern Mexico. The whole business just seems like a totally predictable cash cow. They are extending themselves greatly on the financial side (bonds and a new secondary) to drive acquisition, but so what? Are people about to stop washing and drying their clothes? Is clean going out of style? Is a washer-dryer-on-a-chip just around the corner? Please help me to take a closer look. I don't even know who the analyst is. |
