| User | Post |
|
9:49 pm
November 16, 2009
|
Jae Jun
| | | |
| Admin
| posts 331 |
|
|
I did read that low ball offer by the CEO and I too figured he isn't shareholder friendly but that isn't going to matter as much when the company is an onging operation. If it was a liquidation or a strategic review situation, that would be a worry but as of now the company is still able to generate cash.
But it's something to keep my eye on. Not a deal breaker for me though.
|
|
|
9:37 pm
November 16, 2009
|
eldinril
| | | |
| Member | posts 17 |
|
|
I have one question about this stock. I can see why Jae likes it. The thing that bothers me was an article I read about it that mentioned a tender offer of 85 cents a couple of years ago. I have not researched that report further, but the insinuation was that this was a low-ball offer on the part of management. I was just interested in hearing if this strikes anybody else as less than "share-holder friendly", and wondered if anybody here would like to comment further.
Best wishes,
Jim
|
|
|
4:34 pm
November 16, 2009
|
aim786
| | Montreal | |
| Member | posts 11 |
|
|
Q1 report is out. No real changes in the BS, revenues dropped by almost 50% and they posted negative earnings, but still managed to generate about 400k in FCF.
|
|
|
12:27 pm
November 13, 2009
|
Jae Jun
| | | |
| Admin
| posts 331 |
|
|
company is changing names to Envirostar (EVI). Never did like companies changing names. Earnings wasn't good but I'll have to look at the financials.
Since the company will trade under a new ticker data will start all over I think. Have to save all the spreadsheet data for DCU.
|
|
|
1:34 am
October 14, 2009
|
Jae Jun
| | | |
| Admin
| posts 331 |
|
|
Still trying to get more shares. Very hard to accumulate with the low volume and I don't want to drive up prices so I'm being patient at the moment.
|
|
|
4:35 pm
October 6, 2009
|
Jae Jun
| | | |
| Admin
| posts 331 |
|
|
A growth rate of 0% gives a value of about 90c but I think DCU is better than that. Numbers show that management is capable. CROIC has been at 14% so I used a low yet realistic growth rate of 6% or so. Can't remember the exact number but it's going to be around there.
|
|
|
2:59 pm
October 6, 2009
|
chiawei8312
| | | |
| Member | posts 18 |
|
|
Just a quick question, how did you get Graham price to be $ 1.91
Thanks
|
|
|
2:22 pm
October 6, 2009
|
Jae Jun
| | | |
| Admin
| posts 331 |
|
|
opened position in DCU @ $1.00
Steady boring business. Although it isn't a fast or widely known company, fundamentals look good.
|
|
|
1:20 am
September 29, 2009
|
Jae Jun
| | | |
| Admin
| posts 331 |
|
|
Just checked it out quickly with my spreadsheet and Im getting some pretty decent and interesting numbers.
The earnings (even after adjustment) has been steady, FCF positive for a company its size but debt is slowly rising.
DCF: $1.60
Graham: $1.91
EPV: $2.07
NNWC: $0.63
So there is enough consistency to come to a quick conclusion that DCU is worth at least $1.50 and the downside is somewhat protected as well.
Low volume and high volatility is something you have to bear. I'm going to have to put this on my to do list.
|
|
|
7:00 pm
September 28, 2009
|
Jupiter
| | U.S. | |
| Member | posts 3 |
|
|
good eye. It's been undervalued (perinneal) for long time
|
|
|
4:17 am
September 28, 2009
|
Jae Jun
| | | |
| Admin
| posts 331 |
|
|
You may want to check out Shadowstocks latest post on Dry Clean USA (DCU)
http://shadowstock.blogspot.co…..value.html
For some reason, I'm just not interested in this one but you may be. Here is a short snippet.
Valuation
Market cap = 6,693,466
EV = 4,570,705
Impressive average 5 Year (06/04 to 06/08) pre tax ROIC of 18.52% indicating a clear strong history of capital allocation.
Per Share Data:
Price = .99
EV(.65)/MC(.99) = .65
EV = .65
Sales = 3.25
OI = .116
Total Liabilities = .436
Cash (.776) – Total Liabilities (.43) = .34
GP = .7131
FCF = .223
Cash = .77
|
|
Forum
No Status Selected
