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Considering the market losses we've seen over the last month, we wanted to check in on the stocks that have bucked the trend.

To create this list, we started with a universe of about 60 stocks that have recorded long winning streaks relative to the S&P 500 index over the last month (measured close to close).

From that universe we wanted to identify the names that have improved their operational efficiency.

So we collected data on accounts receivable and revenues, and identified the names that have seen revenues grow faster than accounts receivable during the most recent quarter (compared to last year's corresponding quarter).

Interactive Chart: Press Play to compare changes in analyst ratings over the last two years for the stocks mentioned below. Analyst ratings sourced from Zacks Investment Research.


These efficient companies are showing some resilience to the downturn--are they worth keeping on your radar?

1. A.T. Cross Company (NASDAQ:ATX): Engages in the design and marketing of personal and business accessories. Over the last month, the stock's average alpha vs. the S&P 500 index stands at 1.03% (measured close to close, for every trading day over the last month). The stock's longest winning streak (vs. S&P 500) stands at 9 days, vs. the longest losing streak of 2 days.

Revenue grew by 14.42% during the most recent quarter ($47.77M vs. $41.75M y/y). Accounts receivable grew by 3.87% during the same time period ($30.05M vs. $28.93M y/y). Receivables, as a percentage of current assets, decreased from 34.38% to 30.86% during the most recent quarter (comparing 13 weeks ending 2011-07-02 to 13 weeks ending 2010-07-03).

2. QEP Co. Inc. (OTCPK:QEPC): Distributes a range of hardwood flooring, flooring installation tools, adhesives, and flooring related products targeted for the professional installation and do-it-yourself markets. Over the last month, the stock's average alpha vs. the S&P 500 index stands at 1.02% (measured close to close, for every trading day over the last month). The stock's longest winning streak (vs. S&P 500) stands at 6 days, vs. the longest losing streak of 2 days.

Revenue grew by 11.98% during the most recent quarter ($67.86M vs. $60.6M y/y). Accounts receivable grew by 1.72% during the same time period ($34.98M vs. $34.39M y/y). Receivables, as a percentage of current assets, decreased from 51.15% to 48.59% during the most recent quarter (comparing 3 months ending 2011-08-31 to 3 months ending 2010-08-31).

3. Cepheid (NASDAQ:CPHD): Develops, manufactures, and markets integrated systems for testing in the clinical market, as well as for application in legacy biothreat, industrial, and partner markets. Over the last month, the stock's average alpha vs. the S&P 500 index stands at 0.91% (measured close to close, for every trading day over the last month). The stock's longest winning streak (vs. S&P 500) stands at 5 days, vs. the longest losing streak of 2 days.

Revenue grew by 35.03% during the most recent quarter ($67.03M vs. $49.64M y/y). Accounts receivable grew by 12.09% during the same time period ($31.07M vs. $27.72M y/y). Receivables, as a percentage of current assets, decreased from 23.64% to 17.23% during the most recent quarter (comparing 3 months ending 2011-06-30 to 3 months ending 2010-06-30).

4. Nxstage Medical, Inc. (NASDAQ:NXTM): Engages in the development, manufacture, and marketing of products for the treatment of kidney failure, fluid overload, and related blood treatments and procedures in the United States. Over the last month, the stock's average alpha vs. the S&P 500 index stands at 0.86% (measured close to close, for every trading day over the last month). The stock's longest winning streak (vs. S&P 500) stands at 5 days, vs. the longest losing streak of 2 days.

Revenue grew by 22.18% during the most recent quarter ($53.77M vs. $44.01M y/y). Accounts receivable grew by 7.58% during the same time period ($15.89M vs. $14.77M y/y). Receivables, as a percentage of current assets, decreased from 21.85% to 10.06% during the most recent quarter (comparing 3 months ending 2011-06-30 to 3 months ending 2010-06-30).

5. Ixia (NASDAQ:XXIA): Ixia supplies converged network and application performance testing solutions for network equipment manufacturers, service providers, enterprises, and government agencies the United States and internationally. Over the last month, the stock's average alpha vs. the S&P 500 index stands at 0.86% (measured close to close, for every trading day over the last month). The stock's longest winning streak (vs. S&P 500) stands at 7 days, vs. the longest losing streak of 3 days.

Revenue grew by 4.34% during the most recent quarter ($68.97M vs. $66.1M y/y). Accounts receivable grew by -3.48% during the same time period ($65.27M vs. $67.62M y/y). Receivables, as a percentage of current assets, decreased from 41.1% to 19.2% during the most recent quarter (comparing 3 months ending 2011-06-30 to 3 months ending 2010-06-30).

*Financials and price data sourced from Google Finance.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Source: Top 5 Most Efficient Firms On A Winning Streak