Poorman's - CANSLIM Potential Stocks Message Board

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Strategies & Market Trends : Poorman's - CANSLIM Potential Stocks

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To: Bruce A. Brotnov who wrote (46)	6/8/2000 11:14:00 AM
From: Bananawind	Read Replies (3) of 128

Been doing some further research on a stock I recently bought (should be the other way around) that I found on the IBD weekly review and the numbers look better than I first thought. ACLNF is a shipping and marine logistics company. Ships used cars from Europe to Africa. 1999 sales were +19% and net income +27%. They have changed their business model this year by going to prepaid freight. This resulted in sales +45% and net income +108% for the first quarter of 2000. Also recently purchased their own ship (previously leased ships) with a large capacity that they feel will be fully utilized. They will start shipping from the U.S. to Africa later this month. Nice numbers if the first quarter of 2000 is an indication of future growth. Current PE of 11, cash per share of $9 (stock price $28) and trading near its all-time high. Kevin M

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