Growth Stock Insider and its related blogs are published by Ramsley Digital Media, 3744 Delmas Terrace, Los Angeles, CA 90034. The producer is Eric Ramsley. The executive editor is Walter Ramsley, who is a principal of Walrus Partners, a registered investment advisor. Walrus and the accounts it manages may from time to time hold positions in the securities referred to herein. The blogs are designed for experienced investors. Factual materials are not guaranteed but they have been obtained from sources believed to reliable. Reproduction is prohibited. Copyright 2014.
It's Spring. And our thoughts have turned to the new baseball season. Yogi Berra is one of our favorite players of all time. He was a great catcher. He could hit. And he was a leader on a team full of all stars.
These days Yogi is remembered as much for his sayings as his playing. "You can observe a lot just by watching" always made sense to us. One of our favorites is the title of this column. Yogi wasn't talking about today's economic scene but he might as well have been.
Someday another of his quotes may describe the situation instead - "The future ain't what it used to be." For now, though, it's still "Déjà vu all over again."
Walrus Partners LLC invests in high potential emerging growth stocks. The flagship S-2 fund was established in 1997. It concentrates on "post venture- pre-institutional" companies that have not been discovered by the investment community at large. The Dividend Growth fund, introduced in 2013, invests in established companies that feature a consistent and rising dividend profile.
Profire Energy is a fast growing producer of computerized oilfield equipment. Pretax margins are above 30%. Sales are likely to double in the current fiscal year (March). The company has a dominant market share. The industry has been penetrated less than 5% to date. New products are in the pipeline. The sales force doubled over the past year. The shares trade at 17.5x our estimate of next year's earnings, offering excellent appreciation potential.