| An SI Board Since May 1999 |
| Posts |
SubjectMarks |
Bans |
Symbol |
| 1 |
1 |
0
|
NTG |
|
This company makes aluminium parts for the truck industry, garbage trucks, street sweepers and waste containers. It made 33 cents in 1998 and for the first 6 months of 1999 it made 18 cents fully diluted. Revenues are up 28% already this year and the 2nd half is expected to be even more profitable as the company made a lot of capital investments in the first half. Sprott securities issued a stong buy on them last month with an estimate of earnings to be at least 40 cents and a 12 month target of $6.75. The stock closed at 3.30 on may 21, 1999. It signed a deal to provide fuel tanks for Volvo's new truck factory in Virginia and this revenue and earnings are expected to contribute greatly over the next five years. Volvo recently announced that it will expand the production from this plant by 66% and this will positivly effect northside's earnings.
Finally, Northside has the lightest refuse truck on the market and the current average age of all garbage trucks on the market is 10 while the average age is 11-- lots of trucks are going to be replaced in the next few years and northside will benefit from it. I have done my own reasearch on the company-- that how I came across the Sprott report. I think the company will make 42 cents this year and 60 cents next year. yr end is September.
This stock is a strong buy. Great management. Easy to understand business. The company has got new customers and its existing ones are getting stronger (eg western Star in Kelowna, where northside is based just got a ton of cash from govt to invest in plant expansion.)
|
|
|
