The next stock on my list is Glentel Inc. This is another telecom company, with a strong retail presence. The company sells phones and cell phones through T Booth, Wireless etc and Wireless Wave stores, positioned in retail malls. It has another business line, designing and commissioning wireless networks for business customers. However, the main sales are from the retail business line.
The financials of the company are:
Y.E 2009:
Sales: $308.093 mm
Net Profit: $ 15.952 mm
Shares outstanding:
EPS: $ 1.45
Dividends: $ 0.39
What I like about this company:
1. Stable profits
2. Strong balance sheet
3. Cash balance of $32mm
4. P/E just over 10 times trailing earnings
5. Dividend yield of 2.6%
The one concern that I have is that I can't see any catalyst to price growth. This looks like a retail stock in the telecom industry rather than a technology play.
Till the company comes up with a growth catalyst or the price corrects to around $10.00, I will not bother with buying this.
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Great analysis.. yet this stock has a weak volume..
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