CanaDream Corporation CDN
Posted: Friday Sep 21 7:02:38PM 2012
Heres an undervalued company IMO CanaDream has a fleet of approximately 800 units that are offered to its clients from 7 gateway cities across Canada. Current rental locations offer exposure to an incredible variety of natural experiences and include Vancouver, British Columbia; Calgary and Edmonton, Alberta; Toronto, Ontario; Montreal, Quebec; Halifax, Nova Scotia and Whitehorse, Yukon. I am sure you have seen them on the highways in the summer time. http://www.canadream.com/ Recently traded at 18.5 cents Trailing earnings of 5 cents or a P/E of 3.7 Tangible book value of 46 cents Company has doubled its revenues from 2007 to 2012 so its a bit of growth story April fiscal yearend. They make all their money in the first 2 quarters and report losses in the last 2 quarters. 2012 fiscal they made 26 cents in Q1/Q2 and lost 20 cents in Q3/Q4 for a 6 cent profit. Looking at a 5 year chart it has traded north of 60 cents and September seems to be the best time of the year to buy shares as they move up after Q2 is reported. Revenue is generated from rentals and the sale of older units.