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bilysquier's  Instablog

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I began investing in the early 90s, began trading in the beginning of the next century. I actively traded earnings reports with great success in the mid 2000s and have tested various trading strategies since.
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  • Why I'd Avoid Anixter (AXE)

    Having just seen the article

    I decided to take a look at the stock of Anixter (NYSE:AXE).

    I see very little exciting about the company.

    The two most exciting statistics the stock has going for it are:

    • Forward P/E of 10
    • PEG ratio of .75

    Some of the drawbacks:

    • Revenues and gross profits dropping for 3 straight quarters.
    • No dividend.
    • Balance sheet and cash flow not impressive.
    • Insiders are -not- buying the stock.
    • It would take 3 years to pay off existing debt with EBITDA.
    • Nearly 14% sold short. Short sellers don't pile up like that for no reason.

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

    Additional disclosure: Further, I wrote this of my own free will, with nobody paying me for the contribution.

    Tags: AXE
    May 04 10:23 PM | Link | Comment!
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