AGT.UN — Not Interested – But I like Agrium instead in this sector
Based on what I can tell, it’s trading at a P/S of ¼. http://www.sedar.com/CheckCode.do;jsessionid=0000SXv4swJYiWjxrp5g69Y1SUo:-1
According to Google, the numbers are in CAD (Canadian Dollars). But According to sedar.com’s filings — can’t tell. It is my understanding that any $ sign indicates USA Dollars — but it doesn’t say as far as I can tell. Their cash flows from operations are negative.
Their notes 10 and 11 indicate that their accounts receivable are exploding and that a large part of their transactions are to related parties.
It looks like there has been some serious share dilution. Otherwise, everything looks good. But I think there are too many red flags for me to want to buy. For example, I could be one of 3 majority shareholders that are using this fund to slowly build accounts receivable and taking investors money by continuing to dilute shares.
Plus, this thing is really close to what google finance has for its 2 year high.
GMN.V — not interested, but I like CHGY, LPIH, CNEH, and PUDC instead.
GMN.V is selling at ¼ of what it used to sell at. They are selling less than cash according to their Q1 2009 estimate. They are ditching $63M of discontinued operations. I’d ballpark that at $30M to be safe after getting rid of their discontinued liabilities.
Good news is they’re audited by Ernst and Young. Looking at Their last 8Q’s of Revs/Earnings. I’m not interested in GMN.V
HLR.UN — interested
Glad to see this plummeting from $5 in mid 2007 to $0.75. Appears to be selling significantly less than book value $30M/$150M
Revenues from 2007 to 2008 have increased. Went from profitable to non-profitable, but their Gross profit increased. What happened?
Seems like their occupancy rates are above average. http://www.hlreit.com/site-hl/media/hlreit/Holloway_AR2008.pdf
Looks like they burned through $18M in cash from 2007 to 2008. They do have positive cash from operations, $15M.
This is a company that could turn around and make money in 2009 if we pull out of the global recession. The dividend would be somewhere around 70%. Right now it appears to be actively yielding 28%. They cut it in march but brought it back in april.
That said, I’m not interested at the moment because the trading volume at these lower prices is negligible. If the trend turns positive it’s worth looking at again. That said, if you want to sit on a fairly large dividend that was cut that appears to be coming back… not a bad idea. Looks like people were seriously jumping ship from September to early January, where the people stopped jumping and the stock doubled. Good news, nothing good has happened and it’s back down. This looks like a big potential winner to me.
alright, out of those the ones i’m taking a second glance at only made it to ahr so far. Watching Friday snen,esv,ne,atw,ahr,ddr,gsol,myst,sopw,caah,nfes,cbak,chng,feed,igc,free
round 2 thus far:
mhh – can’t tell if it’s growing, growth rate of 0% — but it is cheap. P/E of 3.48. I don’t know enough about this type of company, but I did research EBIX 5 months ago and liked that one. there’s more comments: http://web.ics.purdue.edu/~gbradfor/glen/blog/2009/05/digest-obvious.html
snen – less shares outstanding than there were a year ago, growing sales, 35% of Book value, new tech of conversion of natural gas for automobiles – we’ll say growth of 30% to compensate for loss of NI, but HUGE Revenue Growth; P/E of 1.37
esv – looks like it’ll go up, but I like NOV too in this sector. I don’t think either could go up 200% in less than a year.
ne –
heck, I like this one more than NOV and ESV just looking at it. this thing will probably outperform both of them
atw – like ne, just a tad more expensive.
ahr – yes, a finance company that’s struggle city, priced for bankruptcy. what happens friday? i’ll wait for the news and make a decision. should come out in 24 hours from when I wrote this.