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June 24, 2006
Beijing Capital International Airport (BJCHF on Pink Sheets), operates China's principal airport for passenger traffic. In 2005, Beijing Capital handled a total of 41 million passengers, up from 34.9 million the previous year. The current price is $.59 U.S. per share.Shares of BJCHF trade in North America on the pink sheets, and are listed on the Hong Kong Stock exchange. The...
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June 16, 2006
Aeroports de Paris debuts TODAY as a publicly traded security on Euronext. This company manages 13 airports in Europe. Passenger flow was about 80 million passengers in 2005, and appears likely to surpass 85 million in 2006. The key airports managed include Paris, Charles de Gaulle and le Borguet.There are 86 million shares outstanding on a fully diluted basis. ...
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June 6, 2006
Grupo Aeroportuario del Pacifico S.A., henceforth known as Pacific Airport Group, trades on the New York Stock exchange under the ticker symbol PAC. The firm manages a total of 12 airports in Mexico. These include the airports in Manzanillo, San Jose del Cabo, Tijuana, Puerto Vallerta and Guadalajara. In aggregate, PAC operates 6 out of the top ten airports in Mexico...
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June 4, 2006
Interoil Exploration & Production (INOX on OSLO OTC) presently sells for 31 Norwegian Krone (approximately $5.10 U.S). There are 22.25 million common shares outstanding (fully diluted), and net debts of $52 million. This results in an EV of $165.5 million U.S (approximate). I estimate that Interoil will generate EBITDA of $31 million U.S. in 2006, and up to $41 million in 2007...
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May 28, 2006
If all one needs to do to build a winning portfolio is use an EV/EBITDA screen, investment management will be the easiest job on the planet.In reality, the mass of data produced by any screen still needs to be sorted before investment decisions can be arrived at. Balance sheets need to be scrutinized, accurate...
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May 27, 2006
This blog is designed to provide basic commentary on stocks that sell for low EV/EBITDA. I prefer to own companies that generate significant cash from operations, over and above what is needed to maintain the business at competive levels, within any companies' particular industry. I endeavor to purchase stocks that sell for less than 7X...