QualityStocks'  Instablog

QualityStocks
Send Message
QualityStocks (www.qualitystocks.net) assists publicly traded companies by getting their story out to the investment community while helping investors discover emerging companies with plenty of growth potential. Our name, QualityStocks, emphasizes our commitment to connect subscribers with... More
My company:
QualityStocks
My blog:
QualityStocks Micro-Cap and Small-Cap Blog
  • Avalon Holdings Corp. (AWX) is “One to Watch” 1 comment
    Dec 6, 2010 5:32 PM | about stocks: AWX

    Based in Warren, Ohio, Avalon Holdings Corp. provides waste management services to industrial, commercial, municipal and governmental customers in selected northeastern and midwestern U.S. markets via its subsidiaries. The company also owns the Avalon Golf and Country Club, which operates golf courses and related facilities, although the majority of revenues are generated from waste management services.

    Avalon Holdings’ acquisition growth strategy is primarily focused on privately held companies and the waste operations of municipal and other local governmental authorities. The company believes their ability to acquire privately held companies is enhanced by increasing competition in the waste industry, increasing capital requirements as a result of changes in waste regulatory requirements, and limited number of exit strategies.

    As of last report Avalon Holdings had $47.1 million in total assets, $5.6 million of which consists of cash and equivalents, and $7.9 million in total liabilities. Currently trading at $2.78 with market cap of $10.57 million, the stock trades at nearly 1/4 the company’s book value. Insiders hold 27.02% of the outstanding shares while institutions hold 24.40%.

    Last month the company announced its financial results for the three and nine month periods ended September 30, 2010. For the first nine months of 2010, net operating revenues increased to $32.2 million compared with $26.8 million for the first nine months of 2009. Commenting on the results, Steven M. Berry, President and Chief Executive Officer, stated that the company continues to make progress and remains committed to identifying opportunities for the creation of future shareholder value.

    Please see disclaimer on QualityStocks website: disclaimer.qualitystocks.net

    Stocks: AWX
Back To QualityStocks' Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (1)
Track new comments
  • Edward Dostillio
    , contributor
    Comments (36) | Send Message
     
    I think you were a little early on AWX but now is definitely the time to own AWX. They are definitely in the sweet spot of the oil boom that has come to Ohio.
    5 Sep 2013, 12:41 AM Reply Like
Full index of posts »
Latest Followers

StockTalks

More »
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.