Rogers Corp (NYSE:ROG)

CAPS Rating: 4 out of 5

Manufactures of specialty materials, which are grouped into four reportable segments: Printed Circuit Materials, High Performance Foams, Custom Electrical Components and Other Polymer Products.

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Player Avatar DarthWader (98.86) Submitted: 8/31/2007 3:37:51 AM : Outperform Start Price: $40.51 ROG Score: +15.66

Around 40M in owner earnings, yields a 20% margin of safety. Has reasonable multiples of 2.45 sfcf per share and 16.35 price/sfcf. Lt growth rates? Who knows but these numbers are based on a very reasonable 12%. I always look favorably on a company that doesn't dilute shares, - only 16.69M with a 700M market cap. Based on reasonable assumptions, I expect Rogers Corp to be worth anywhere between 1B-1.2B in 3-5 yrs. This particular polymer company is diversified enough among different product industries to make it happen. As with all these polymer companies, I wish the net margins were higher but stillbased on comps 9-10% isn't bad. Insider ownership is relatively high (though I had to do some digging to find this out.. In particular the lord abbot small cap value series owns over 12.5 M shares. Solid outperformer.

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