Albany International Corp. (AIN)
The Company is a producer of custom-designed paper machine fabrics and process belts that are essential to the manufacture of paper and paperboard.
Recs
It is crushing the competition and does not have competition in his growing market
Recs
Earnings estimated for Nov. 2nd: .16
Last year same quarter earnings: .5
Thats a 68% decrease in EPS
The stock is up 30% in that same time frame.
I calculated p/s for this company assuming the last 2 quarters eps are as estimated, it would make this companies P/E at 28.68. I'm a seller of this stock til it's P/E gets back to around 15
Recs
Rated one star.
Recs
Albany International has seen its stock price increase 150% from its low -- but it shouldn't have. This company is bleeding cash and its struggles are likely to continue for quite some time. Demand for paper and paperboard is down and it will likely take years for the demand to return to its former levels. In the meantime, paper producers have open capacity and don't need new equipment. Looking at the financials I see that capex consistently outstrips depreciation and total net pp&e has grown much faster than sales. This means that the company is creating income by understating depreciation. Cash flow stinks.
Recs
Financial troubles. After chk999.
Recs
It'll take awhile to catch up again.

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