With the recent stock market correction, even the high growth stocks with further strong upside have been stopped in their tracks and represent a buying opportunity on temporary price weaness which will not last as the strong fundamentals will bring higher earnings.
CCI Holdings (CHL) is priced at a mere 10 times it's H1 earnings and the board reported H2 would see stronger results than H1. This trades in the same sort of market as WOR and is about to enter a purple patch of growth on the back of rising export volumes of coal for which they perform the bulk of the testing services carried out in Australia.
Have a close look at their last half year report, cashflow generation is very strong, and the company has reduced it's gearing which was historically high. to very comfortable levels. There's a lot to like about this undiscovered gem.
CHL Price at posting:
0.0¢ Sentiment: None Disclosure: Held
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