With such a rapid rise from being in the doldrums a couple of years back it seems whichever way you look at it that management has performed brilliantly helped along a little bit by Scott's demise and taking advantage of less competition and some fortuitous eqipment purchases. While the cost of diesel is of concern it remains a common problem with other service industries (everyone has to pay the same) so Lindsay won't be alone in having to adjust their pricing. When you look at the earnings graphs it's hard to see things flatlining from here and while further growth may be more modest I still think the prevailing sp presents excellent value and the ff dividend should continue to increase.
LAU Price at posting:
$1.02 Sentiment: Buy Disclosure: Held
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