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Strategies & Market Trends : Three Amigos Stock Thread

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To: freelyhovering who wrote (38)	1/20/1998 12:20:00 AM
From: Cornstock	Read Replies (1) of 29382

Myron, I looked at the FA on this one last night for KTIE. Here's a copy of the e-mail I sent to Al Greenleaf on the info I found. hmmmmmmm.......................................... I like this one a lot. Negatives are high debt, but they have paid it back with vengeance this year, and bought three companies in the last 4 months. Sounds like RECY, acts like RECY, is it another RECY. How the heck did you find this one. This might be one to buy and hold for a while. Whatchathink? KTI Inc. (Nasdaq: KTIE) Phone: 201-854-7777 Website: www.hawkassociates.com/kti Price (1/15/98): $16 1/2 It has really paid down debt this year, and has also purchased a few new companies this fall including a plastic recycling business (sound familiar?) . KTI is in an intriguing business. It turns trash into power. The company is set up as a holding company. KTI accepts waste from haulers at its energy recovery facilities where the garbage is burned to generate electricity. The electricity is sold,to Central Maine Power. Fully 60% of the garbage generated in Maine is handled in this way. The company has been on a buying binge in the past quarter - bought two other companies and issued preferred stock to finance the purchase. kind of looks like RECY - on a much smaller scale. Nothing in Edgar that looked bad FINANCIAL FACTS Income Statement* 12-month sales: $75.4 million 12-month income: $5.6 million 12-month EPS: $0.63 Profit Margin: 7.4% Market Cap: $150.2 million (*From continuing operations, excludes extraordinary items) Balance Sheet Cash: $15.9 million Current Assets: $58.8 million Current Liabilities: $24 million Long-term Debt: $75.4 million (looks terrible, but considering it was 99% last year, it looks pretty good) Ratios Price-to-earnings: 26.2 Price-to-sales: 2.0 This company is burdened by debt, which stands at 50% of market capitalization (down substantially from 99% in prior years - which is pretty good!). Just bought a little paper recycling company and it was reported on Jan 15. Little bit of insider selling in July - not enuf to think about. Not a lot of institutions holding this one - probably 10% of the stock is held by institutions. Only one analyst following the company - has a rating of buy. Estimated earnings: Fiscal 97 - .67 Fiscal 98 - 1.22 (not bad) The estimated 98 earning have increased in last 90 days from 1.01. to 1.22 (good) Vector has a buy rating but relative safety is poor The company has been on a buying binge in the past quarter - bought two other companies and issued preferred stock to finance the purchase. kind of looks like RECY - on a much smaller scale. Nothing in Edgar that looked bad I LIKE THIS STOCK!!!!!!!!! WHAT DO YOU THINK???????

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