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KHD Humboldt Wedag International Ltd: Outperforming My Bullish Expectations!
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Thursday, May 24, 2007
This December, I blogged about KHD Humboldt Wedag International Ltd (NASDAQ:KHDH) (formerly known as MFC Bancorp Ltd.), a world leader in supplying
technologies, equipment and engineering/design services for cement,
coal and minerals processing. At the time, I was impressed with its growth and its focus
on new coal and cement plants being built to meet environmental
standards. While the stock at the time was at $40, I predicted it would
hit $50 by mid-2008.
I was wrong... by a year: It's hit $50 already! After strong first quarter results were reported, the stock shot upward. CEO Jim Busche announced, "Our order intake and order backlog at the end of the first quarter of 2007 were up 42% and 66% respectively over the same period for 2006. These are strong indicators of the growth in demand along with the locations and size of the projects themselves."
As I said in my earlier blog, KHD provides its global clientele with engineering services, machinery, process automation, installation and commissioning. This array of supplies and services includes, in particular, the modernization of existing facilities for capacity increases and for reducing the specific energy demand and burden on the environment. KHD's largest subsidiary was founded in 1856.
This business designs and builds plants that produce and/or process cement, beneficiated coal, clinker, base metals and precious minerals. The company has more than 900 employees worldwide, and has operations in India, China, Russia, the Middle East, Australia, Africa and the United States.
KHD continues to focus on its core business and demonstrate a commitment to growing where it makes sense. I'm still bullish on this company -- I think there is more to come.
Type of Company: A first-class design and construction company with an strong international presence.
Stock price target: In December, I thought this stock, trading at $40, had potential to get to the $50 level by 2008. It has already hit that level and then some, now trading at $57! But if you didn't buy on my advice in December, don't worry -- I still see upside in this stock. I'm revising my expectations -- this could reach$65 by 2008. Infrastructure is hot!
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KHD Humboldt Wedag International Ltd: Outperforming My Bullish Expectations!
I was wrong... by a year: It's hit $50 already! After strong first quarter results were reported, the stock shot upward. CEO Jim Busche announced, "Our order intake and order backlog at the end of the first quarter of 2007 were up 42% and 66% respectively over the same period for 2006. These are strong indicators of the growth in demand along with the locations and size of the projects themselves."
As I said in my earlier blog, KHD provides its global clientele with engineering services, machinery, process automation, installation and commissioning. This array of supplies and services includes, in particular, the modernization of existing facilities for capacity increases and for reducing the specific energy demand and burden on the environment. KHD's largest subsidiary was founded in 1856.
This business designs and builds plants that produce and/or process cement, beneficiated coal, clinker, base metals and precious minerals. The company has more than 900 employees worldwide, and has operations in India, China, Russia, the Middle East, Australia, Africa and the United States.
KHD continues to focus on its core business and demonstrate a commitment to growing where it makes sense. I'm still bullish on this company -- I think there is more to come.
Type of Company: A first-class design and construction company with an strong international presence.
Stock price target: In December, I thought this stock, trading at $40, had potential to get to the $50 level by 2008. It has already hit that level and then some, now trading at $57! But if you didn't buy on my advice in December, don't worry -- I still see upside in this stock. I'm revising my expectations -- this could reach$65 by 2008. Infrastructure is hot!
hilaryonstocks at 1:19:00 PM EDT Blog about this entry |
Add to del.icio.us | digg this
