Who are Trojan's major competitors?
At the current price this is looking like a great time to jump in. Provided they get their costs down and stay on track for their "Five Year Plan".
Five-Year Growth Plan
In April 1998 the Company announced a five-year growth plan which anticipated sales of $300 million to $350 million by the end of the fiscal 2003 year. Management believes these five-year targets will be met. Management is confident the strategies developed will meet the competitive challenge in wastewater disinfection markets, and the new opportunities emerging will lead to a diversified Company with strengths in various environmental niches. While over 2,000 wastewater plants in the world now use Trojan UV disinfection systems, a global market of approximately 60,000 remains. Additionally, over 20,000 potable water plants in Canada and the US have an expanding mandate to address disinfection. As a global company with a leading technology in a rapidly expanding market driven by regulation and necessity, the future is bright for Trojan.
January 20, 1999 - Trojan Reports Increased Sales For First Quarter
London, Ontario, Canada - Trojan Technologies Inc. (TSE/TUV) reported first quarter sales exceeded plan, up 64% at $23,780,400 for the period ended November 30, 1998. This compares with $14,486,300 for the same period a year ago.
April 14, 1999 - Trojan Technologies Inc. Sales up by 49.1%
London, Ontario, Canada ? Trojan Technologies Inc. (TSE/TUV) announced today their gross sales for the first half-year ended were $46,871,000, up 49.1% from $31,446,000 recorded during the first half of fiscal 1998. These results are consistent with Management expectations and lay the framework for a stronger second half.
July 21, 1999 - Trojan Technologies' Market Fundamentals are Solid
London, Ontario, Canada - Trojan Technologies Inc. (TSE/TUV) continues to experience robust growth in sales as UV wastewater disinfection markets develop at a high rate. Gross sales for the nine-month period ended May 31, 1999 were $69,831,200; up 47.4% from $47,364,700 recorded during the corresponding nine months of fiscal 1998. Quotation (pre-bid) volumes, which are predictive of future revenue trends, and actual bids experienced at a rate of +40% higher than last year for the nine-month period, all point to a strong growth market for UV technology
My father bought into this company last year at 30-something on the advice of a "financial planner". He's not very happy right now. Personally I think it's looking very attractive in this range.
Comments anyone? |
