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Adding to my TRLG stake tomorrow morning



July 31, 2012 – Comments (1) | RELATED TICKERS: TRLG.DL

TRLG is getting rocked in AH.  By no means was the report bad (same store sales growth, US direct sales growth, total sales growth, EPS growth), but they "missed" on quarterly revenue by about 2% and are projecting revenues to "only" grow in 2012 by about 8.4% vs the estimated 11.5%.  

Using $23/share (AH price):

"Cash adjusted" P/FCF is 7.7, using FY 2011 FCF

Dividend yield is now 3.5%

Payout ratio is 40%, using FY 2011 FCF

Non-GAAP EPS grew from 0.38 to 0.43, a 13% Q over Q increase.

The company is still growing its store count

$200MM in cash/investments; cash now accounts for 34% of the market cap;

Seems like a pretty good deal to me... 

1 Comments – Post Your Own

#1) On August 01, 2012 at 6:41 PM, ElCid16 (93.73) wrote:

As of market close today, cash accounts for 37% of the market cap.  ($200/$545)

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