Extract from Roger Montgomery article on Aussie stocks winning overseas:
"From modest facilities in Adelaide and Canada, as well as representative offices in the US, United Arab Emirates, South Africa, Brazil and Ireland, Codan manufactures and distributes some of the world’s highest-quality gold and metal detectors. Through its Minetec business, Codan is also centrally positioned to facilitate the automation of underground mining, having already signed up a global giant. Profits have more than tripled over the past decade and the company has no debt. In 2018 Codan generated $229 million of revenue and a profit of $41.6 million to return more than 22 per cent on shareholders equity."
CDA Price at posting:
$3.13 Sentiment: None Disclosure: Not Held
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