CAUTION REQUIRED
Haven't been posting for a few days, partly because I remain cautious as indexes marching towards new highs. I did add some HSKA yesterday to increase the size of my position to about 1.5% of my portfolio.
STB.UN announced its FY06 results. While impressive growth rate, I am a bit of concerned of its leverage level (3.7X EBITDA). The business trust as an asset category is out of favor and I generally do not like leverage. I pass for now.
NEOG also announced decent results. While I like this name, it is traded at about 20X of its FY07 EPS. It is fairly valued, in my view. Under $20, preferably at 15-17 level would be a good buy.
STB.UN announced its FY06 results. While impressive growth rate, I am a bit of concerned of its leverage level (3.7X EBITDA). The business trust as an asset category is out of favor and I generally do not like leverage. I pass for now.
NEOG also announced decent results. While I like this name, it is traded at about 20X of its FY07 EPS. It is fairly valued, in my view. Under $20, preferably at 15-17 level would be a good buy.
posted by ZIGZAG at 9/26/2006 11:09:00 AM
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