Value Investing Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Value Investing

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Spekulatius who wrote (46916)	4/13/2012 3:32:41 PM
From: Spekulatius	Read Replies (2) of 78748

Bought a first lot of SI today at 93.5$. I also have accumulated a few shares of KSB.DE @ 457Euro, KSB.DE is a midcap german pump company. Below is a link to a good writeup from Gurufocus: Positives: +Excellent balance sheet with ~ 200M$ in net cash +Valuation PE around 10x, EV/EBITDA ~4.5, P/B ~ 1.1 +earnings expected to grow ~ 10% in 2012 relative to 2011 +good long term growth record +nice dividend (~12Euro/share) +resilient business + family controlled (via Klein holding) - earnings pressured by material cost and below peak earnings (~ 60Euro/share) - European contagion risk - 2 tier share structure (KSB.DE and KSB3.DE - the latter have no voting rights) I like the pump business because the economics have improved over the years, cyclicality is reduced since i watched that company in the 1980's. I suspect that it is due to increased consolidation and the important of the resilient and profitable service business. I think this trend is likely continue gurufocus.com

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next