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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. | ||||||||||||||
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