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PriceSmart Inc. Message Board

  • paul.volcure paul.volcure Jul 9, 2012 8:01 PM Flag

    Why is revenue growth being ignored?

    "Revenue grew to $507 million from $431 million." HELLOOOOO, company still growing quickly!

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    • Even if strip the 1-time gain from last year out,
      and say +.51eps Q3'11 vs +.52eps Q3'12 = no earnings growth even with the 17% growth rate.

      The x9mo growth rate +21.1% to $1.5B vs from $1.24B yoy. This has slowed to 12% based on same sstore sales of late.

      x9mo operating income $80M & $50M net or $1.66eps vs
      previous 9 months operating income 2011 $71M with $49M net income or $1.65eps x9mo 2011. Again NO NET EPS growth on 9month view.

      EPS Pace is +$2.15eps fy'12, so x15pe or $32/share PSMT is a good deal, but PSMT at $59/share is x27pe.

      Bankers are trying to run the show with a hidden mandate behind closed doors - just like LiBOR, and manipulation of Gold

      If they like this one then they are paying way too much. Hang in there as they will digest numbers a little more on the x9 month view.

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