DOREL INDUSTRIES $25.52 (Toronto symbol DII.B; TSINetwork Rating: Extra Risk) (514-934-3034; www.dorel.com; Shares outstanding: 32.3 million; Market cap: $798.1 million; Dividend yield: 6.1%) makes a range of items: ready-to-assemble home and office furniture; juvenile products such as car seats, strollers, high chairs, toddler beds and cribs; and bicycles and other sporting goods.
In the quarter ended June 30, 2018, overall sales rose 2.0%, to $623.2 million from $611.3 million a year earlier (all figures except share price in U.S. dollars).
Earnings, excluding one-time items, rose 1.7%, to $12.7 million, or $0.39 a share. A year earlier, Dorel earned $12.4 million, or $0.38.
The company has successfully expanded online sales in its Home division. It now needs to do the same for it Juvenile and Sports segments. That will let it sell an expanded line of products for lower costs and higher profits.
The stock trades at a low 11.8 times the forecast 2018 earnings of $1.66 U.S. a share. The annual rate of $1.20 U.S. yields a..
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.
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Does TSI Network Use the Information It Receives?
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Changes to this Policy
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