I've analysed the hell out of AHY, I like what I see.
This isn't the 10 bagger some may be after but it offers a safe, reliable income with innocent capital growth.
On the consensus I believe assumptions about future growth are for mind rather conservative. Hygiene has and will continue to become more prevalent in developing countries, it will also experience modest growth in developed nations as societies continue to accept that personal hygiene is the first barrier in disease control, especially around elderly and infants.
The entire AHY pipeline is very reputable and well established, I believe they have enough market penetration to maintain and expand on their market share.
Fundamentally the financials look quite nice and all within what I would class as a financially sound business. I will make a note of a moderate holding of debt, I don't believe it's of concern given low interest, consistent returns, and the ability to repay debt.
My target buy is below $2 with an indefinite time frame, to fall within my expectation of a good investment I'll put a target value of $3.50-$3.80 by 2020.
I read a post that applies so well to this stock
"AHY is a pillar of a strong portfolio"
AHY Price at posting:
$1.68 Sentiment: Hold Disclosure: Held
