Most investors don’t know it, but wholesaling used cars is a red-hot business. This is why Cop...
Alamo Group: Money and Mowers
05/18/2015 8:00 am EST
One of our latest featured recommendations is a leader in the design and manufacture of high quality agricultural equipment and infrastructure maintenance equipment for governmental and industrial use, says Jim Oberweis, Jr., editor of The Oberweis Report.
Alamo Group ( ALG) makes mowing and other vegetation maintenance equipment, street sweepers, excavators, vacuum trucks, snow removal equipment, pothole patchers, zero turn radius mowers, agricultural implements, and related aftermarket parts.
The company has 3,070 employees and operates a total of 24 plants in North America, Europe, and Australia.
It sells its products primarily through a network of independent dealers and distributors to governmental end-users, related independent contractors, as well as to the agricultural and commercial turf markets.
Alamo has a long-standing strategy of supplementing its internal growth through acquisitions of businesses or product lines that complement, command, or have the potential to achieve a meaningful share of their niche markets. The company has acquired 14 businesses over the past ten years.
Recent results are benefitting from acquisitions, pent-up demand in Europe, and healthier local government budgets in the US.
In the company's latest reported fourth quarter, sales increased approximately 35% to $223.9 million from $166.7 million in the fourth quarter of last year. Alamo Group reported earnings per share of $1.09 in the latest reported fourth quarter versus $.49 in the same quarter of last year.
Clients of Oberweis Asset Management own approximately 17,000 shares. These shares may be appropriate for risk oriented investors.
More from MoneyShow.com:
Related Articles on STOCKS
That doesn’t mean Best Buy (BBY), Target (TGT), Macy’s (M), Home Depot (HD) or others ar...
For those new to trading, new to me, or my methodology, I think the following ground rules will help...
When it comes to new technology, nothing’s quite as cutting edge as driverless cars, or autono...