Uni-Select, $26.61, symbol UNS on Toronto (Shares outstanding: 22.9 million; Market cap: $609.4 million; www.uniselect.com), distributes auto parts and related tools and equipment. The company is the second-largest distributor of auto parts in Canada and the sixth-largest in the U.S.
In the three months ended September 30, 2011, Uni-Select’s sales rose 40.9%, to $472.5 million from $335.3 million. The gain was mostly due to the contribution of FinishMaster, which Uni-Select bought for $217 million in December 2010. FinishMaster is the largest independent distributor of automotive paints, coatings and related accessories in the U.S.
Uni-Select’s earnings per share rose 8.2% in the latest quarter, to $0.79 from $0.73 a year earlier.
The company’s growth-by-acquisition strategy adds risk, as does its long-term debt of $340.2 million (or a high 56% of market cap). Still, Uni-Select’s outlook is positive, and the stock trades at just 8.8 times the company’s forecast 2012 earnings of $3.02 a share. The shares yield 1.8%.
Uni-Select is okay to hold. …
Privacy Policy and Terms of Use
The Successful Investor Inc. and its affiliate Successful Investor Wealth Management (referred to hereafter as TSI Network) know that you care how information about you is used and shared, and we appreciate your trust that we will do so carefully and sensibly. This notice describes our privacy policy. By visiting websites owned by or associated with TSI Network, you are accepting the practices described in this Privacy Policy.
This privacy policy is applicable to all TSI Network Visitors, Clients, Employees, Suppliers, Web sites, Management, and all other interested parties. Any links to or from our site are not covered by this policy. We encourage you to read the privacy policies of every site that you visit.
The privacy of the site/store visitor is very important to TSI Network, and is respected at all times. The information we receive from customers helps us to personalize and continually improve your online experience at TSI Network.
We do not collect or disclose personal information, except when it is provided to us voluntarily by the site/store visitor with their consent.
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What personal information do we collect?
The information we receive from customers helps us personalize and continually improve your online experience at TSI Network. TSI Network may collect personal information online for all legal purposes, which include, but are not limited to:
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Does TSI Network Use the Information It Receives?
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Changes to this Policy
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