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Holding: ABFS

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Symbol Sector Return Exposure Trades Last Trade Status
ABFS Trucking -6.94%  n/a 2  03-Jan-08  Prior Holding
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01-Jan-08

Long Term Buy

Holding Rationale for ABFS.

Valuation Completed: 10/10/07 Rating: Neutral Comments: They are a cash flow generating machine. They have improved their cash conversion ratio and still enjoy great ROEs. Their business is clearly tied to the economy as a whole. Given my pessimistic view of the economy, I am forecasting a drop in EPS during 2007 and do not think they will hit their 2006 EPS number until 2009. From there, I look for 13% growth with 10% as the terminal rate. All-in, fair value is $34 and I will look for entry 20% below that. Look to buy at $27.50.

Tagged Stocks: ABFS

 

Posted at 17:32 in Holding Rationales  |   Permalink  |   Comments ()     |  Top

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Credibility in ABFS

epicadv

ABFS Out
Rank 6/6
Return -6.94% at 2008-11-21
Rank 6/6
Trades 2
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