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