O.k....I wasn't too crazy about the pineapple stock that I just posted....Del Monte Fresh fruits...I mean what is the growth potential for fresh fruits? Just kidding...but their revenue growth WASN'T as dynamic or exciting as the one I have for you now.
Factual Data Corporation (FDCC) is per Cnn.money, a provider of "a broad range of information services including business-to-business services to the mortgage lending industry. In addition to company operated offices, FDCC provides services from franchised offices."
FDCC is having a GREAT day today in a LOUSY market! They are trading at $19.18 up $1.25 or 6.97% on the day. The stock trades at a reasonable p/e of 14.63 and is a SMALL company with a market cap of $119.0 million. There are only 6.2070 million shares outstanding.
On April 24, 2003, FDCC reported, per NYTimes on the Web, that total revenue for the quarter ending March 31, 2003, increased 55.6% to $21.0 million from $13.5 million in the same period last year. Net income was $2.9 million or $.47/share compared to $1.3 million, or $.21 per share for the same period in 2002. This is OUTSTANDING performance.
Morningstar.com 5 year financials demonstrate an OUTSTANDING sequential growth from $3.5 million in 1997 to $9.9 million in 1998, $25.8 million in 1999, $31.3 million in 2000, $51.2 million in 2001, and $63 million in 2002. Extrapolating the current quarter would give us a revenue rate of $84 million in 2003.
Free cash flow, although small, has been improving nicely from $2 million in 2000 to $8 million in 2001 and $9 million in 2002.
The company is adequately solvent with $7.8 million in cash and $8.4 million in other current assets compared to $14.2 million in current liabilities. There is $8.3 million in long-term liabilities as well...but with the improving cash flow...I do not think this will be a problem imho.
I do not own any shares of this stock...but it is a formula for success....relatively good valuation with explosive revenue and earnings growth CONSISTENTLY for the past 5 years. My kind of stock....and if Dick's hits the 8% loss, I might bend my rules a bit....I know....should stick to them...but anyhow....would love to find a way to own some shares of this company!
Have a great day....and again....please feel free to drop me a line at bobsadviceforstocks@lycos.com with your comments, criticisms...etc.! Bob