(Editor's note: shares offer better liquidity on the Toronto Stock Exchange under ticker RME.TO)
Shares of Rocky Mountain Dealerships (OTCQX:RCKXF) have fallen dramatically over the last few months, for issues that appear to be only short term in nature. As a result, the company can be purchased for not much more than its 2007 IPO price.
But since that IPO six years ago, both sales and operating income have tripled. Consequently, the company now trades at a P/E of less than 10 despite a history of stellar returns on capital, including an ROE* of 19% for 2012.
Rocky Mountain sells equipment (including tractors, combines, excavators etc.) for the agriculture and construction industries through its 40+ dealerships...
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