Thursday, June 2, 2011

Meeting #36 ARB Deep dive

We have previously analysed ARB and thought it was worthy of a second closer look. So our task for the next meeting is to really get under the hood with ARB and develop our understanding that we had from meeting 34

The Meeting
Attendees: Mark, Tom, Gilles and Paul

We basically confirmed our previous analysis that ARB is a stellar company. The question is this growth cannot continue like this forever. Priced at a 16 x multiple of earnings it is expensive compared to other engineering stocks. However it has shown extremely consistently high performance However we all do think it is a bit expensive right now we have bandied about prices of between 4.50 and 5.50

Analysis will be being put on the spreadsheet here

Next Meeting
We will be evaluating Cardno