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Patrick Industries Inc. Message Board

  • rcdt999 rcdt999 Feb 10, 2013 11:34 PM Flag

    Iniders selling,plus PE is not true PE, because of tax loss carryforwards.

    and the company has a huge debt load and little cash.
    Don't expect much, with a real PE of 15 ,if there were taxes to be paid.
    Three strikes against it: insider selling, debt holders get paid before share holders,and high future PE when tax carryforwards used up.

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    • LOL
      after taxes youll have a conservative PE of 10 for 2013 and if you use EBITDA youre looking at 4.5 for 2013 ..
      my best guess is 1.70 net taxes and 37 million EBITDA which should make this a 24 dollar growth stock and assumes no more acquisitions

      Russell 2000 PE is 16-17 now
      im guessing 2012 th quarter at 102 million in sales 4 million net before taxes
      once again year over year improvement

      no brainer unless they totally drop the ball

      Sentiment: Buy

      • 1 Reply to spartan3us
      • I think you are right on with your numbers. 2013 does have a slight chance of being a little higher if the new acquisitions do better than projected as the real estate market recovers evenmore.

        The easiest way to see where patk is going though is to look at winnebago and thor and both said things are looking very good.

        This da.mm volatility because of its low float make sit hard to swallow on some days.

        This is for the first poster:

        By the way when a company actually uses their net operating loss carry forwards that means they are making money and that 7 million nol we "used" bought us the last two companies, how does that fit into your hypothesis?

        WSP

 
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