Scott Wachsler's  Instablog

Scott Wachsler
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I manage Wax, a baseline equity research company comprised of individual investors not licensed or registered with any government agency. I have been all cap value investor and independent equity researcher for the past 30 years, and believe that patience is the key to successful... More
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Wax Ink
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Wax Ink
  • Value Alert - Aegion Corporation 0 comments
    Mar 13, 2013 5:10 AM | about stocks: AEGN

    Texas (Mar. 13, 2013) Wax Ink has issued an No Investment Interest rating for Aegion Corporation (NYSE: AEGN) based on a recent baseline equity review which placed fair value between $36-$41.

    The recent close of $24.92 is approximately 15% above the fair value buy target for the stock and approximately 44% below the fair value close target for the stock. The recent close is also 8% below analysts' $27.00 median target for the stock.

    Merging the recent close with FY11-FY12 year-over-year earnings growth of 24%, yields a trailing twelve month PE of 13, and a PEG Ratio of 0.5.

    In the past 52 weeks, share prices have moved between a high of $25.7 and a low of $14.49. With the recent close, the stock is trading 3% below the 52 week high and 42% above the 52 week low.

    Aegion Corporation is engaged in corrosion protection of industrial pipelines, and rehabilitation and strengthening of sewer, water, energy, and mining piping systems, as well as buildings, bridges, tunnels, and waterfront structures.

    All valuations are based on the listed company's most recent SEC annual filing, and all prices are per share.

    Wax Ink is a baseline equity research company comprised of individual investors, NOT licensed or registered with ANY government agency.

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

    Stocks: AEGN
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