Sundance8 Feb 2008 10:27
Mangaged to have a very quick look at this and it looks interesting as a longer term punt (i.e. 6-12 months).
Financials look good, low PE, impressive increases in turnover, profits etc. etc. and good net cash. I note they used debt finance for their most recent aquistion, which they said was the first time they had used finance, which also sounds impressive.
On the risk side, volumes are low, the SP is back to where it was 2 years ago and their forward looking statement on 4/2 said quote "slower than anticipated".......why? Why have they not anticipated slower sales/growth if their finger was on the pulse? This said, they seem to have been pre-occupied with their latest aquisition.
It looks like their franchise opps are expanding and they seem to have some good ideas. A basic chart reading (RSI & MFI only - my 2 basic favourites!) show the stock as well oversold and a possible buying opportunity, so all in all, you could be onto a winner for the summertime :0)
Hope this is helpful