Dorel Industries (DII.B , M or T) good earnings report Message Board

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Gold/Mining/Energy : Dorel Industries (DII.B , M or T) good earnings report

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To: Jay Arkay who wrote (88)	4/24/2000 9:15:00 PM
From: Jay Arkay	Read Replies (1) of 96

Dorel to acquire Safety 1st, their biggest catch ever. In 1999 Safety 1st had sales of almost one-quarter billion (C$ equivalent), which will boost Dorel sales by about 25%. Given Dorel's past track record of successfully and profitably integrating acquisitions, this is another landmark on Dorel's growth path, which has taken them from a small cap to a mid cap, and which in the years ahead should take them to the large cap category (in the Canadian market scale). I would expect Dorel sales (including Safety 1st sales) to exceed $1.5 billion in 2001. The market is not yet giving Dorel the respect that it deserves, not yet recognizing it as a proven growth stock rather than a consumer cyclical. Dorel trades at a PE of about 14 based on trailing earnings and perhaps 11 based on forward earnings, despite the 12-year EPS compounded annual growth rate of 23% (and annual sales growth over this period of 31%). When the market awakens to this undiscovered gem, look for an impressive expansion in the PE multiple--and the share price! News release at: newswire.ca

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