Lowest Price to Sales Ratio in the Multi-Sector Holdings Industry Detected for Compass Diversified (CODI, LUK, PICO)
Mar 11, 2014 (Fast Lane via COMTEX) -- Below are the three companies in the Multi-Sector Holdings industry with the lowest price to sales per share ratios. Often companies with the lowest ratio present the greatest value to investors.Compass Diversified (NASDAQ:CODI) is lowest with a price to sales ratio of 0.91. Compass Diversified Holdings, through subsidiaries, offers a wide range of products and services. The Company's products and services include coating systems, manufacturing industrial drying and cooling equipment, upholstered stationary and motion furniture, medical support surfaces, patient positioning devices, printed circuit boards, promotional products, and staffing services. There is potential upside of 7.9% for shares of Compass Diversified based on a current price of $18.30 and an average consensus analyst price target of $19.75. Compass Diversified shares should encounter resistance at the 50-day moving average (MA) of $18.59 and support at its 200-day MA of $18.15.
The problem we have here is that CODI is externally managed..mgmt is therefore more tuned in to scoring its'own bonuses through acquisitions etc rather than aligned with raising the dividends,on a routine basis..CODI also should have dumped the medical devices and furniture subsidiaries a long time ago...both are just a waste of time and energy...and trying to run businesses based in California from the East Coast is questionable...manufacturing should be based in low cost states like Texas and next door in Mexico. If the auto industry can shift to Mexico so can FOX , Camelbak,Ergo Baby..and the circuit board operation should be in Mexico,too.