Well the market is trying to rally today. Let's see if it holds the gain into the close...that could be bullish for trading tomorrow!
Came across this company today. I do not own any shares nor does anyone in my family of Intier Automotive (IAIA). Intier "...is a global full service supplier of automotive interior and closure components, systems & modules. IAIA directly supplies most of the major auto makers in the world." according to CNN.Money.
Intier is having a nice day today, probably in anticipation of earnings, trading at $16.50 up $1.50 or 9.99%.
Morningstar.com shows a nice record of revenue growth from $2.1 billion in 1997, $2.57 billion in 1998, $2.83 billion in 1999, $2.971 billion in 2000, $3.26 billion in 2001, $3.862 billion in 2002.
Intier announced first quarter 2003 results (latest reported quarter) on 5/7/03. At that time they reported that sales increased 17% to $1,031.6 million from $878.9 million in 2002. (currency exchange rates affected this positively by about $70 million).
Free cash flow has improved from a ($133) million in 2000 to a positive $79 million in 2001 and $179 million in 2002. Operating income increased to $30.1 million from $28.5 million for the first quarter of 2002.
Assets and liabilities are fairly well balanced with $241.3 million in cash and $874.9 million in other current assets vs $835.3 million in current liabilities and $302.5 million in long-term liabilities.
Yahoo.com shows that this Canada-based company has a market cap of $723.5 million with 48.2 million shares outstanding and only 4.70 million that float. The companies pays a $.40 dividend suggesting a 2.67% yield. The p/e is a reasonable 16.97, and there are no shares reported short as of 7/8/03.
If you would like something that is not high-tech, a bio-tech, or a financial, this might be a stock for you. I still remain concerned about the overall health of auto sales, so I am a bit slow to embrace this particular stock...but it deserves to be on our horizon. Thanks for stopping by!