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$31.17 -1.12 (-3.47%)
10/7/2008 1:39 PM

Sasol Limited (ADR) (SSL)

CAPS Rating:
*****

An integrated oil and gas company with complementary interests in coal, chemicals and the international development of synthetic-fuel ventures based on its proprietary Fischer-Tropsch technology.

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Avatar TheGarcipian (98.98) Submitted: 6/04/07 5:03 AM : Outperform Start Price: $34.75 SSL Score: 21.89

Being HQ'd in South Africa, this is a risky venture for me, but I'm not investing real dollars into this stock (yet)... Interesting that Sasol went so sideways throughout 2006 when the rest of the oil-n-gas industry was kicking butt. Still that has allowed the fundamentals to catch up to its price tag. Now the current P/E sits at an extremely reasonable 15 with a forward P/E of only 9, putting the PEG below the magic "1.0" figure (at 0.73). Margins are healthy and growing (16% and 31% for profit vs. operating), and RoA=13% while RoE=28%. Debt's at 33% of equity. Hopefully, they've got their growing pains out of the way and 2007 will continue the growth spurt seen from 2002-2005.

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