1. Stock Presentation
Joyce Shinn
November 2004
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2. Vision Statement
Diversification of CINMIC Portfolio
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3. Goal and Objective
To compare small companies in the Basic materials or energy sectors
To arrive at the best growth numbers
Hopefully 15% per year
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4. Today’s Study Summary of stocks in Energy sector Using S&P sheets
Value Line data
Yahoo Finance
Big Charts
Toolkit 5
Stock Analyst
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5. Relevant historical information
See SSGs for Offshore Logistics (OLG), Headwaters (HDWR), and St Mary Land & Exploration (SM)
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6. Comparisons Offshore Logistics: Positive cash flow
Sales up from 168 million to 563 million over eight years.
Debt is 36.5% of Total Capital
2A and 2B are both up
In my HOLD range.
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7. Headwaters
Near top of the list for Best Small Companies for both 3 years and 5 years.
Historical sales growth: %
Historical EPS growth: %
Negative cash flow for several years
In my Sell range
Debt is 57.1% of Total Capital
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8. St Mary Land & Exploration
Projected Total Return of 45.3%
In my Buy range with an upside/downside ration of 8.8:1
2A and 2B both up
Positive cash flow all 8 years
Negative or low EPS for 2 years
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9. Recommendation
Based on these studies my recommendation is to buy Headwater (HDWR) shares at market.
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