Salton previously traded as SALT on NASDAQ before switching to the NYSE.
SFP is one of the best buys I've seen in a long time. It currently is trading at around 30 (I started buying in the teens), with a PE of only 10 despite a 124% historic growth rate. Over the last four quarters, earnings have consistently grown over 200% over the prior year's quarter. Trailing twelve month earnings are 3.01 per share, and future earnings are projected to continue to enjoy rapid growth.
By any reasonable measure, this stock should be trading at 60 or above (based on a trailing PE of 20) rather than 30. The PEG ratio is around 0.10!
Here's some other vital statistics:
EPS rank of 99
RS rank of 98
Group RS of 69
A/D of B
U/D ratio of 1.1.
IBD timeliness rank of A
Float reported as 3.7 million (IBD) and 5.7 (Market Guide)
Funds own 6%, banks 2%, and SFP management 14%
There is only one analyst currently following SFP, and with only 6% funds ownership and a low float there is a lot of room for continued price growth driven by additional coverage and fund buying. Statistics in IBD indicate that SFP is beginning to attract significant institutional investors.
With a PE of only 10, you can't go wrong (I hope!). In fact, if anyone has a stock pick with better stats, please let me know!
-- Jim Wright |
