SI
SI
discoversearch

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.
Gold/Mining/Energy : Canadian Small Cap Stocks
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Jamie who wrote (30)4/10/1998 12:54:00 AM
From: Ally  Read Replies (1) of 512
 
Jamie,

I've looked at Envoy's financial statements and here are my observations FWIW. Note, I haven't done a rigorous analysis or research, the points below are just my observations based on a cursory review of the financial statements and other information available on their web site.

1. Structured with many small separate companies (see the summary of significant accounting policies). Being in the advertising/media business, it is easy for staff to walk out and form their own creative companies. I don't know why it is structured with so many separate corporations.... doesn't create a comfortable feeling in me.

2. The company is now probably at what I call the "next plateau" where growth could be slower. Example, revenue growth in 1st quarter is 14% compared to 43% growth in fiscal 97 over 96. Lets see how 2nd quarter comes in.

3. Stock price of $4.60 is on rich side, probably because of recent publicity from analysts. Looks like it may earn 12 cents (fully diluted) this fiscal year: pe=38 compared to growth of 15%.

Of course, above points are all debatable, however, my main concern is point 1. I'm also doubtful if this is a 2 bagger stock in 2 years time at today's price. May be more attractive when stock price corrects.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News