Man. That is bold, eh? I'm going to fry that bonehead.
the title will be gone soon, so let's archive the thing...
International: RRRI a NYSE stock on the Bulletin Board
Subject (Replies: 0)
Started By: invests
Date: Feb 4 1999 3:12PM ET
I just received this from Investors Alert
Thomas Loyd
914 Kentbury Ct.
Katy ,TX 77450
Phone: 281-578-0605 Fax: 281-599-7435
teloyd@aol.com
______________________________________________________________________________________________________________
Wednesday, February 3, 1999
STRONG BUY
CENTENARY INTERNATIONAL, CORP.
(RRRI: OTC BB)
Our newsletter's recommendation of CAGI proved right on target. We were the first
newsletter to cover CAGI, first giving a strong buy at $0.87, then another strong buy at
$0.37 in our February '98 issue. It's tough to find an encore for a stock up almost 2000% in
less than a year, but we found it.
Centenary International Corp. (RRRI), the tenth-largest food commodity trading company
in the world, markets a wide range of products, particularly grains, cereals, seed oils and
their by-products.
Centenary's customers are some of the largest in the world. For example, Peru is one of the
highest in poultry consumption in South America, and requires huge amounts of grains.
WaKin S.A., one of the largest commodity importers, chose Centenary to execute and
finance a purchase order for 200,000 tons of corn, a record at that time for a single client,
and congratulated Centenary on its efficiency in meeting the terms of the contract.
Centenary is one of the largest suppliers of Argentine beef to Hong Kong, con-sisting of
very sophisticated selections shipped on a weekly basis to this demand-ing market. It is also
one of the biggest suppliers to New York's fish market. Indeed, it supplies almost every
food commodity to almost ev-ery market in the world.
Centenary's revenues have been growing dramatically for the last eight months and are
growing at an even faster rate now. This is why:
1) The company recently went public in the US. As an American company it can borrow
money at half the rate it was paying before. It is presently negotiating $20 million credit lines
with two major New York commercial banks, whereas it previously had only one $8 million
line at 18%.
2) It is receiving a $5 million equity funding to close in less than three weeks.
3) It is planting the worlds largest olive plantation, which will add $14 million to net
earnings.
4) It is purchasing 82,000 additional acres for grain and corn production.
5) It is now going into its most prosperous time of year, the spring.
Sales for January '99 were up 525%, $14.4 million versus $2.3 million for '98. Sales for
May through December '98 were triple the '97 sales.
It has been proven that over the last eight months, sales are accelerating. At present rate the
revenues will be $400 million this year, up from $120. Net profits should surpass 18%, and
after-tax net profit should be between $2.27 and $2.90/share. At a conservative 20 P/E the
stock should trade between $45 to $58.
Four other reasons I like this stock and it's ready to start moving up:
1) Centenary is pending approval for trading on the AMEX, as soon as Grant Thornton
finishes auditing the last 7 months, expected next week. Centenary surpasses every
requirement (remember the run up in GKI when it went AMEX, $8.81 to $19.75 in less
than two months, which we recommended in our April 23, '98 issue at $4.81).
2)The company has been audited for the last eight years by Grant Thornton (same auditors
as CAGI).
3) It has $60 million in assets (audited).
4) This stock has not been discovered by mainstream Wall St., but it will be soon.
If you would like more information call us at 281-578-0605 and I'll get you in touch with
the company. |
