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.
Strategies & Market Trends : Value Investing

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Paul Senior who wrote (4195)5/30/1998 8:19:00 AM
From: Richard Query  Read Replies (1) of 78567
 
BTEK

Here is an interesting company that could be worth a look. Baltek Corp. is in balsa wood, PVC foam, & shrimp farming, with operations based in Ecuador. It is trading at less then book, about 1/2 of sales, PE of 12.9, less then 7 time cash flow, with reasonable debt. Earnings over the last 5 months have grown at a fantastic rate (see below). They use hedging to offset currency fluctuations, have been expanding the shrimp operations, have no one customer accounting for more then 10% of sales, and equity increased 6.3% in 97.

Last 5 quarters earnings

Q1 98 .20 vs .09 +122%
Q4 97 .31 vs .08 +287%
Q3 97 .19 vs .11 +72%
Q2 97 .14 vs (.05) n/a
Q1 97 .09 vs .04 +125%

Some links

10K sec.gov

Q1 press release newsalert.com

Darth
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext