Am I the only one who believe in this stock?Boyd Doubles Earnings Per Share Over Last Year
18:31 EST Thursday, November 16, 2000
Trading Symbol - BYD.A:TSE
WINNIPEG, Nov. 16 /CNW/ - The Boyd Group Inc. ("Boyd"), operating principally as Boyd Autobody & Glass, announced today that its interim report to shareholders for the nine months and quarter ended September 30, 2000 reflects strong net earnings of $2,045,406, an increase of 84% over last year. Earnings per share rose to $0.135 for the nine month period, an increase of 100% over last year.
(couldn't get the table to fit - sorry - got it from CNW.)
The results continue to reflect the impact of the Company's acquisition based growth strategy, as well as same store sales growth.
"We continue to be on track towards achieving our 2000 goals, which include nearly doubling revenues, improving earnings and achieving significant earnings per share growth," said Terry Smith, Boyd's President and CEO.
The Boyd Group Inc. now operates 54 company owned locations with annualized sales of approximately $105 million. It is the largest operator of collision repair shops in Canada and is among the largest in North America. In addition to its company owned locations, Boyd also has eight third party owned licensed locations operating under its tradenames. Boyd continues to successfully carry out its proven strategy of acquiring additional company owned locations as part of its plan to be a leader in the consolidation of the highly fragmented North American collision repair industry, recently estimated to be approximately $40 billion (Cdn.) in annual revenue. |
