InvestorsHub Logo
Followers 50
Posts 6343
Boards Moderated 0
Alias Born 01/22/2006

Re: mfreddy08 post# 13

Thursday, 09/25/2008 1:43:41 PM

Thursday, September 25, 2008 1:43:41 PM

Post# of 55
I still like the company a lot. Low outstanding is just half of it. Mr. Menard owns an overwhelming majority. There is a fund that own a chunk and then a few others who own fair sized positions who aren't likely to sell anytime soon. so I would guess the float is well under 1 million (perhaps even in the 300-500k range). It took me a couple years to build up a fair sized position!

They have had a few more bumps then I would care for with higher commodity prices. I am a very long-term holder though and its probably as cheap as it will get. Mr. Menard is impressive to read/talk to. I'ld suggest the Wall Street transcipt article in the readme first.
#msg-24930296
I would guess they will do upper teens this year in EPS and they are growing the revenue number even with hard times in some of their business. Mr. Menard is very frugal in his operations and buys companies on the cheap. I think the model is great (min-berkshire if you will).

If you have specific questions please feel free to ask.