BTW, does anybody have RVFD on its list of possible buy? It's still a small outfit, maybe not exactly a value play, although it's trading at just 12 times trailing earnings, which isn't bad at all for a company growing at a fast pace. RVFD has no debt to speak of, $21 million in cash (market cap. of $300 million). Return on assets and Return on equity are quite impressive at 11,9% and 16.9%.
There's even a good dividend (+3%) raised every year so far. To cap it off, the business is boring: Riviana Foods Inc. processes, markets and distributes rice products in the United States; cookies, crackers, fruit juices, nectars and drinks, and processed fruits and vegetables in Central America; and rice and other food products in Europe.
Any thoughts out there? I don't hold a position, but like it very much. To say the truth, in the current market I would wait for a better price. Let's say under $20. |
