Disciplined cost management in the face of the GFC helped Clover Corporation drive earnings growth in FY09. With the effects of the GFC now subsiding we envisage a more benign operating environment for Clover. The company is set for international expansion, particularly in the underrepresented but large markets of Europe and the US. We see the inventory build up by Clover, as indicative of significant order build up. The report also includes updated FY10 and FY11 forecasts.
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CLV Price at posting:
19.5¢ Sentiment: LT Buy Disclosure: Held
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