## Blogs I follow

21 hours ago
• - A couple of years ago, I shared with you that I am increasing my fixed income allocation by buying individual bonds, CD’s and bond funds. I made some calls...
1 day ago
• - *What is Bitconnect ? * 'Bitconnect is an open source, peer-to-peer, community driven decentralized cryptocurrency that allows people to store and inves...
2 days ago
• - Save, invest, prosper with My Own Advisor. Back-to-school so back to the bank? September is around the corner and that means back-to-school shopping seas...
2 days ago
• - Welcome to July 2017's business income report where I show you how I made money online last month. It's time to look at this month's update and see how I...
3 days ago
• - One of my first tasks as a new mom is setting up an account to save and invest for my daughter’s post-secondary education. When I attended university, I ...
4 days ago
• - Its time for me to post dividend income earned from my portfolios: DRIP, DIP, & Roth. I enjoy sharing them as these passive dividend income provides me gre...
6 days ago
• - GYFG here checking in for the June monthly financial report. If you have been reading these reports for a while you will notice that I have the same intr...
6 days ago
• - It's a rainy day in the outskirts of Koblenz, Germany and I finally have time to crank out the latest monthly financial update. It's 60 degrees and drizzli...
1 week ago
• - Since our family began investing in dividend stocks approximately two and a half years ago, I've been keeping a personal log of what other dividend blogge...
5 weeks ago
• - Hey everyone! I know it’s been a while since my last post but I would like to write a quick update on what I have been up to lately. For the last 3 weeks...
1 month ago
• - April is financial literacy month. But I don't think I have anything new to teach you. That's sort of why I've stopped writing, I felt like I was preaching...
4 months ago
• - It has been quite a while since I posted last. So much going on, and just so little time. Lit’s of things have been happening. My daughter has won many bea...
7 months ago
• - Hi everyone, I hope everyone had a great week! I'm ready to spend the weekend relaxing and maybe catching a movie with the wife. As far as an update, I h...
1 year ago
• - It wasn’t all that long ago that retirees could count on decent yields from stable, fixed-income investments. Ten years ago, it was easy to find 5% yield...
1 year ago
• - Stock stalking is a weird hobby. In general I do not "follow" any particular investor's activities. However, there are a couple that I have followed of so...
1 year ago
• - Two Purchases for January 2016 (Amgen and 3M) During the month, I made another purchase of Amgen (AMGN). It seemed to be a good time to buy and it starts ...
1 year ago
• - I find myself in a position to make a deal with the devil that could substantially increase my annual day job salary starting in 2016. More cash means mo...
1 year ago
• - Well, here comes my second sell. This one was a long time coming, and I held on far too long. *On 4/7/15, I sold 34 shares of CAG for $38.14 per share. Thi... 2 years ago • - Para fazer intraday, além da análise técnica, podemos e devemos tomar atenção ao calendário económico e de preferência ao minuto, aqui vamos seguir todas a... 2 years ago ## Thursday, October 23, 2014 ### Corticeira Amorim - Quoted in Euronext Company Information One of the most profitable Portuguese companies is Corticeira Amorim. It produces and transforms cork that is now a well known material for all kind of industries from construction to components of space-shuttles! You can learn more about it visiting the - Website of the company; - Yahoo finance information; - Google finance information; - Euronext website. Geographically, revenue come from: Portugal (5%), Europe (61,7%), USA (18,3%), America (ex-USA) (6,8%), Australia (6,6%) and Africa (1,6%). Shares The company issued 133.000.000 stocks and the price is about 3.00€, which corresponds to a market capitalization of almost 400M€ (or$500M)

Free foat is very short, just about 10% of all shares.
Company have 5.5% of own shares.

I will now make a quantitative analysis  of this stock.

2013 Numbers

- Revenue : 542.5M€ ( + 5.5% CARG last 3 years) ;
- EBITDA : 78.1M€ ;
- Profit : 30.3M€ ( + 12.4% CARG last 4 years) ;
- Equity : 301.7M€ ( + 5.2% CARG last 4 years) ;
- Debt/EBITDA : 1.30

2013 Numbers per share

- Revenue : 4.08€
- EPS : 0.228€
- Book value : 2.268€

At march, 31, 2014

• the stock quoted 2.85€, 25% above the book value.
• the Graham Number of this stock was 3.34€.

Dividends

The stock paid a 0.12€ dividend, which is a 4.2% yield on the march, 31, 2014, closing price. Payout ratio 53% :

My opinion

This stock was a clear BUY at the end of march, 2014, and now is trading in the range 2.85€/3.00€.

For me, the stock can reach 4.10€ in the next 3 years, depending on the dividend payout.

This is clearly, a buy oportunity!