Recent Additions APOL, EXPD, FAST, KNX, Y
Today I initiated investments in APOL, EXPD, FAST, KNX & Y to be purchased on the 18th of each month starting in October, 2006.
In this post I will cite my rationalization for each purchase, followed by a table of valuation statistics and finally a short summary of what each company does.
Note - the ensuing table is best viewed with browser view size set to Medium.
Data on Recent Additions to Personal Portfolio
Apollo Group - APOL - What Does This Company Do?
Apollo Group provides postsecondary education to working adults through the University of Phoenix, UOP Online, and the Institute for Professional Development. Its Western International University segment targets younger working adults. Apollo has 256 campuses and learning centers nationwide. At the end of the fiscal third quarter of 2006, enrollment was 323,100 students. Programs include business, information technology, education, and nursing.
Expeditors International of Washington - EXPD
What Does This Company Do?
Based in Seattle, Expeditors is primarily a consolidator and secondarily a forwarder of international air and ocean freight. It buys cargo space in bulk and resells it to customers needing shipping services. Expeditors also provides customs brokerage and other related logistics services. Its freight brokerage business primarily involves shipments to and from Asia, the United States, and Europe, with the first two constituting the bulk of business.
Fastenal - FAST - What Does This Company Do?
Fastenal supplies customers, including manufacturers and commercial contractors, with 271,000 varieties of fasteners and 310,000 general-purpose maintenance, repair, and operations products. The company utilizes 12 North American distribution centers and an in-house truck fleet to facilitate five deliveries per week to roughly 85% of its 1,700-plus company-owned stores. Fastenal's over 6,700 store employees receive incentive compensation based on new account development.
Knight Transportation - KNX - What Does This Company Do?
Knight Transportation, Inc. (Knight) is a dry van truckload carrier based in Phoenix, Arizona. The Company also began providing temperature controlled truckload carrier services during the year ended December 31, 2004, and brokerage services during the year ended December 31, 2005. At December 31, 2005, the Company operated 20 regional dry van service centers, two regional temperature controlled service centers, and two brokerage service centers. During 2005, the Company established regional dry van service centers in Chicago, El Paso, and Reno. The Company also has three regional temperature controlled service centers, which are operated from its facilities located in Phoenix, Arizona; Idaho Falls, Idaho, and Green Bay, Wisconsin.
Alleghany - Y - What Does This Company Do?
Alleghany is an investment holding company that uses a value-oriented philosophy to acquire interests in attractive businesses. Alleghany purchases fractional and outright stakes and generally holds investments for long periods. Alleghany's three insurance subsidiaries--RSUI Holdings, Capitol Transamerica, and Darwin Underwriters--supply a broad range of specialty, property, and casualty protection. Subsidiary Alleghany Properties is a Sacramento, Calif., landlord.
In this post I will cite my rationalization for each purchase, followed by a table of valuation statistics and finally a short summary of what each company does.
Note - the ensuing table is best viewed with browser view size set to Medium.
Data on Recent Additions to Personal Portfolio
| Valuation | APOL | EXPD | FAST | KNX | Y |
| Opening Price 10/16/06 | $50.49 | $48.23 | $42.61 | 18.94 | $292.00 |
| Beta | 0.02 | 0.51 | 0.70 | 1.17 | 0.19 |
| Return on Equity | 72.13 | 27.19 | 23.77 | 19.26 | 4.17 |
| Institutional Ownership | 84.4% | 92.7% | 70.8% | 75.3% | 63.7% |
| Dividend Yield | na | 0.47 | 0.94 | 0.42 | na |
| P/E Ratio | 19.60 | 42.80 | 33.40 | 24.10 | 29.50 |
| Earnings/Share | 2.53 | 1.10 | 1.27 | 0.78 | 11.51 |
| Market Capitalization | 8.7 Bil | 10.3 Bil | 6.4 Bil | 1.6 Bil | 2.3 Bil |
| Sales | 2.409 Bil | 4.303 Bil | 4 | 0.626 Bil | 1.2 Bil |
| Stock Scouter Rating | 10 | 5 | 10 | 9 | 5 |
| MorningStar Data | APOL | EXPD | FAST | KNX | Y |
| MS Rating | 5 Stars | 5 Stars | 5 Stars | na | 5 Stars |
| Business Risk | Average | Below Ave | Below Ave | na | Average |
| Economic Moat | Wide | Wide | Wide | na | Narrow |
| Stewardship Grade | C | A | A | na | A |
| Consider Buying | $54.00 | $47.70 | $45.20 | na | $319.20 |
| Fair Value Estimate | $70.00 | $56.00 | $45.20 | na | $414.00 |
| Consider Selling | $87.70 | $73.50 | $69.60 | na | $518.70 |
| MS Style Box | Mid Growth | Mid Growth | Mid Growth | Small Growth | Mid Core |
| Stock Growth Type | Aggressive | Classic | Classic | Aggressive | Speculative |
| Sector | Consumer | Business | Business | Business | Financial |
| Industry | Education | Transportation | Distributors | LandTransport | Insurance |
| 1 | 2 | 3 | 4 | 5 | 6 |
Apollo Group - APOL - What Does This Company Do?
Apollo Group provides postsecondary education to working adults through the University of Phoenix, UOP Online, and the Institute for Professional Development. Its Western International University segment targets younger working adults. Apollo has 256 campuses and learning centers nationwide. At the end of the fiscal third quarter of 2006, enrollment was 323,100 students. Programs include business, information technology, education, and nursing.
Expeditors International of Washington - EXPD
What Does This Company Do?
Based in Seattle, Expeditors is primarily a consolidator and secondarily a forwarder of international air and ocean freight. It buys cargo space in bulk and resells it to customers needing shipping services. Expeditors also provides customs brokerage and other related logistics services. Its freight brokerage business primarily involves shipments to and from Asia, the United States, and Europe, with the first two constituting the bulk of business.
Fastenal - FAST - What Does This Company Do?
Fastenal supplies customers, including manufacturers and commercial contractors, with 271,000 varieties of fasteners and 310,000 general-purpose maintenance, repair, and operations products. The company utilizes 12 North American distribution centers and an in-house truck fleet to facilitate five deliveries per week to roughly 85% of its 1,700-plus company-owned stores. Fastenal's over 6,700 store employees receive incentive compensation based on new account development.
Knight Transportation - KNX - What Does This Company Do?
Knight Transportation, Inc. (Knight) is a dry van truckload carrier based in Phoenix, Arizona. The Company also began providing temperature controlled truckload carrier services during the year ended December 31, 2004, and brokerage services during the year ended December 31, 2005. At December 31, 2005, the Company operated 20 regional dry van service centers, two regional temperature controlled service centers, and two brokerage service centers. During 2005, the Company established regional dry van service centers in Chicago, El Paso, and Reno. The Company also has three regional temperature controlled service centers, which are operated from its facilities located in Phoenix, Arizona; Idaho Falls, Idaho, and Green Bay, Wisconsin.
Alleghany - Y - What Does This Company Do?
Alleghany is an investment holding company that uses a value-oriented philosophy to acquire interests in attractive businesses. Alleghany purchases fractional and outright stakes and generally holds investments for long periods. Alleghany's three insurance subsidiaries--RSUI Holdings, Capitol Transamerica, and Darwin Underwriters--supply a broad range of specialty, property, and casualty protection. Subsidiary Alleghany Properties is a Sacramento, Calif., landlord.
posted by Scott at
1:11 PM
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