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Deer Horn Capital ntg lux

Rocky Mountain Dealerships Inc T.RME C$5.90

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By Bobwins

Posted: Friday Sep 4 11:51:10AM 2009

This looks like a very good sector pick. This company is the largest independent dealer of Case Construction Equipment and Case IH Agricultural Equipment. The construction sector should benefit from the stimulus programs. In addition the Ag sector should be strong for the forseeable future. Canada is a large exporter of AG products to the US and the world. RME is profitable and cheap. Here is their Q2 record earnings PR: They earned .28eps or 3.8million on 155million gross sales. They declared a .045 dividend for Q2 They are selling for a fwd p/e of less than 6. They just announced 21.7 million bought dealer financing for 3.5million shares at 6.20. Mgmt is participating in the offering and two officers are buying a total of $1million. These two insiders own 28% of the company. Good solid company in two strong sectors with a good balance sheet and pays you a dividend. Looks good. Bought this morning at 5.90. Bobwins

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