To: creede who wrote (1526 ) 10/22/2006 11:41:43 PM From: yassinzineb Respond to of 1694 Hi creede,SLJB Here's the study of a couple of US Building material companies with their financials over the last 5 years. VMC 79.43$ Market cap: 7.66 Billions$ 52 weeks range:60.72-93.85 $ PE:19 Historical trailing PE: between 17 and 28 Net income TTM 430.5M (eps 4.17) 2005 388.8M (eps 3.73) 2004 287.4M (eps 2.77) 2003 195 M (eps 1.90) 2002 169.9M (eps 1.66)quicktake.morningstar.com finance.yahoo.com bigcharts.marketwatch.com . FAST 41.40$ Market cap 6,25 Billions 52 weeks range:33.18-49.32 $ PE:32.47 Historical trailing PE:between 27 and 50 Net income TTM 184.5M (eps 1.22) 2005 166.8M (eps 1.10) 2004 131 M (eps 0.86) 2003 84.1M (eps 0.56) 2002 75.5M (eps 0.50)quicktake.morningstar.com finance.yahoo.com bigcharts.marketwatch.com . NCS 60.00$ Market cap:1.19 Billion $ 52weeks range:38.15-70.00 $ PE:19.5 Historical trailing PE:between 11 and 24 Net income TTM 65.6M (eps 3.08) 2005 56 M (eps 2.68) 2004 44.9M (eps 2.24) 2003 22.8M (eps 1.20) 2002 -33.8M loss 2001 16.5M (eps 0.91)quicktake.morningstar.com marketwatch.com . ACO 26.10$ Market cap: 782 Millions $ 52weeks range: 17.42 -33.50 $ PE:19.48 Historical trailing PE:between 15 and 30 Net income TTM 41.5M (eps 1.34) 2005 41.M (eps 1.33) 2004 31.6M (eps1.03) 2003 28.9M (eps 0.97) 2002 13M (eps 0.43)finance.yahoo.com quicktake.morningstar.com bigcharts.marketwatch.com . I think it's interesting to note that all these companies support a PE of 20 despite the fact that their PPS went down around 20% recently. Secondly,despite the fact that these companies are growing nicely,they are far from having experienced the outstanding growth SLJB should have in the coming quarters/years. In order to find companies with similar and outstanding growth,I think it would be a good thing to take a look at some companies in a different sector and as i posted already in one of my previous postMessage 22784401 HANS is a good comparaison. NTRI is another one wich had an oustanding growth and was also very undervalued given its potential,back in 2004. You could have bought NTRI in 2004 at 1.50 $ when the company had a tiny market cap of 45 Millions. NTRI currently trading at...65.43$ with a Market cap of 2.43 Billions $. Trailing PE:43.62 Historical trailing PE: between 40 and 150 You could have bought NTRI in 2004 at 1.50 $ when the company had a tiny market cap of 45 Millions. current 52 weeks range: 27$ - 76.33$ Net income TTM 55.6M (eps 1.50) 2005 21 M (eps 0.59) 2004 1M (eps 0.03) 2003 0.8M (eps 0.03)finance.yahoo.com quicktake.morningstar.com bigcharts.marketwatch.com .img331.imageshack.us The more time goes by,the more SLJB appears to be a bargain because of less uncertainty and more visibility and transparency of the business plan. The CEO just announced a 98 M cement deal and much more to come. We didn't even started the new fical year 2007(Jan.to dec.07). The audited results should add a lot of credibilty for 2007 and the initial 307M in revenues and 56M (EPS .11) net profits should be within reach,and could be raised significantly. Petar said:"As far as future contracts are concerned, I fell our offices in the Middle East will easily reach their targets". it appears that the CEO is very comfortable with the 2007 projections. As i said to our friend Creede in one of my previous post, I'm more and more convinced that there's a significant chance that we should trade between 2 and 6$ next year depending what PE you apply and depending about future contracts. It's all about the risk/reward ratio...and IMHO it's very positive at this point. Anyway,right now,I'm pounding the table on SLJB and feel myself very comfortable owning the stock,currently trading at .165$ with a tiny market cap of 82 Millions $. SLJB in my view should have sooner rather than later a bigger market cap than ARTC.DU,a Dubai stock,(see my previous posts) ameinfo.com valued at 771M and it's very possible that SLJB will enjoy "the NTRI growth" currently valued at 2,4 Billions $. Have all a great Sunday night and be prepared for an interesting week to say the least. Yass