GREY:MBLKF - Post by User
Post by
SurfForWealthon Jan 17, 2004 11:13am
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Post# 6909005
New Investor
New InvestorI bought the stock on Tuesday at $21.05. If you plot the lower upward trend line on the weekly 2 year chart you will see the support is at around $21. The company is apparently doing well & clearly taking market share from Lego. CIBC lowered estimates on Wednesday but they still give EPS growth of around 22% for a ttm basic multiple of 16.7. Net debt to equity is about .55 last reported Q but that is likely seasonally higher than normal. ttm rev growth of 23.8% is pretty good and I really like the net margins of 12.1%. P/B is high at 7.67 giving us an also high ROE of 43.9%. WC of $70.9M USD is decent versus MC of $461M USD (basic). If the historical chart pattern carries on & the fundamentals maintain their positive course then I think the stock should hit $27 or higher in 2004. Good luck, Cheers!!!
PS What does the historical performance of Gildan have to do with MB?