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Baldwin Technology (BLD:AMEX)

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3:45 pm
August 1, 2010


maxi

Member

posts 5

3

Yes the company is out of favor, at least if you think in terms of the whole migration from physical paper to digital media, but maybe the market overreacted as if there were no more paper industry.

It seems management is good, CROIC is rising, shares outstanding allways at the same level, insiders have been bought something in the previuos years. They could adjust costs after the fall in revenues including a voluntary reducition in salaries.

The sure thing is there must be some other companies with better tailwind.

 

PD: Sorry, I don't really know how to analyze deeper this company, I am too unexperienced.

 

12:46 am
July 28, 2010


Jae Jun

Admin

posts 1453

2

Interesting find.

Looks like the company has retraced back to 2002 levels when looking at the financial statements.

How do you see the business? From what I see, it's pretty hard to detect looking at how the company has been operating. Not much consistency to help with the analysis.

Add the declining business and things get trickier.

3:36 pm
July 26, 2010


maxi

Member

posts 5

1

Hi,

I would like to hear if you have any suggestions about this company, from FINVIZ:

“Baldwin Technology Company, Inc.,
together with its subsidiaries, engages in the development,
manufacture, and sale of process automation equipment for the
printing and publishing industry. It offers cleaning systems and
related consumable products, including press washers, automatic
blanket cleaners, newspaper blanket cleaners, chill roll cleaners,
digital plate cleaners, guide roll cleaners, and Web paper cleaners;
and fluid management systems comprising refrigerated circulators and
spray dampening systems used to measure and control the supply,
temperature, cleanliness, chemical balance, and other characteristics
of the fluids. The company also provides ink control systems
consisting of ink agitators, ink mixers, and ink level systems, as
well as ultraviolet and infrared dryers, gluing systems, and service
and parts. In addition, it offers Web press protection systems, such
as Web severers and Web catchers that provide auto-arming electronic
package offering press protection in the event of a Web break. The
company markets its products through direct sales representatives,
distributors, and dealer networks to printing press manufacturers,
newspaper publishers, and commercial printers primarily in the
Americas, Asia, Australia, and Europe. Baldwin Technology Company is
headquartered in Shelton, Connecticut.”

 

 

PROS

They show quite solid fundamental
numbers (ttm):

 

Mcap = 20.5M

Close = $1.32

P/S = 0.13

P/B = 0.39

P/E = 5.74

DCF PV = $4.41 (Margin of safety 70%)

Current Ratio = 1.7

Debt/Eq = 0.45

 

Increasing CROIC

Earnings quite consistents

 

CEO Interview at
http://www.smallcaps.us/Interv…..efault.htm

 

CONS

Diclining newspaper market, however the
CEO is confident that main revenues will come from emerging markets.

 

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