Hidden Gem Stock of July 2014
While finalizing Hidden Gem stock of the month, our team has followed Walter Schloss priniciple's. Walter J. Schloss (August 28, 1916 – February 19, 2012) was a well-regarded value investor, as well as a notable disciple of the Benjamin Graham school of investing.
The legendary Walter Schloss checked the stock on the following 4 criteria to determine if the stock merits a place in the portfolio:
2. Promoters share holding is low at 40%. However, promoters have increased their share holding significantly doing open market purchases during last quarter. Looking at bright future prospects of the company, we believe that promoters will continue to increase their stake in the company going forward.
3. During 2013, sales of the company rose by more than 30% and profitability have grown by more than 100%. Company will announce its 1st quarter results soon, we expect company to deliver robust top line growth in its quarterly results.
4. In terms of valuation, company is trading at estimated PE ratio of 4.2 for FY 2014-15. Considering increase in revenues from new product offerings and increase in global demand for company's products, it offers good investment opportunity for medium to long term investors.
5. Management has rewarded shareholders by paying uninterrupted dividend since last many years. Dividend yield at current price is above 3 and stock is available near to its book value which gives higher margin of safety in stock price with limited downside risk in case of market correction.
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