Where is there a stock with a PE of near three, 3, ie, one-two-three?
Cockatoo Wines NPAT $7.3m Sales 07:$13m, now, '08:$37m. and rising. Margin of 20% AFTER debt repayments. Debt: $25m but... $receipts due this qusrter =$22m + cash > $3m.
ie, cash and moneys due in the next three months EXCEED debt.
With A$ in decline = more exports With interest probably coming down, lower interest payment. With possible 50% of debt paid off with upcoming cash, = increased margins.
PE: 3.1 Does it come any better?
The only thing it lacks are buyers!!
Let me be open: I have bought.
Few risks
Anyone see any big downs with this stock?
CKR Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held