Ever dreamed of that ideal stock ? You know, the one with
the perfect profile...no long term debt, low PE (much lower
than the 5 year earnings growth), huge ROA/E, textbook bullish
technical chart etc, etc. Doing a Lynch-style search through
the profiles of many dozens of stocks, I think I found the one
he said I might find. What is it ? Symbol ACLNF, this is a sea
transporter of used cars from Belgium to various countries
in North and West Africa and the Middle-East. ACLN Ltd
has been in business since 1994 and traded on NASDAQ
since 1998. Stepping through the fundamentals...
(Note: 'industry' refers to the water transportation industry
within the transportation sector)
PE ratio 6.3
Annualized 5year eps growth 29% (the industry high !)
Price/book 2.4
Price/sales 1.3
Current ratio 17.1 !! (not a misprint - this is the industry high )
Long-term debt is zero
Total cash/share $7.02 (from latest earnings release)
Profit margin 21% (the industry high)
Return on Equity 44% (the industry high)
Return on Assets 41.7% (the industry high)
(Data Sources: Provestor, Yahoo Profiles and Company
Press Releases).
I've been in touch with Investor Relations at ACLN,
(recently set-up in Los Angeles to give US location
and English-speaking contact) and like what I hear. In
later posts, I'll present more information on valuations,
future prospects/expansion and more on why I like
the story here and why I think there is significant
upside.
Comments ? Let me know what you think, for or against
(Even if it's just 'Wake-up, Frank, you ARE dreaming' !!).
Frank McV |
