Colfax blew away analyst’s expectations!
Colfax (NYSE: CFX) is one of the stocks this blog follows on a regular basis.
Friday the company reported Q2 2011 results and wow …. they were much better than expected!
Adjusted net income came in at $ 0.32 ,$ 0.06 better than forecasted and sales grew an astonishing 52% to $ mil 186.7
In addition the company increased its 2011 earnings guidance from previously $1.12 – $1.22 to $1.20 – $1.26 .
As we already explained here this company is build applying the „Danaher Business Model” which means to buy smaller companies and to integrate them effectively into the group realizing synergies.
The more experience Colfax gets doing this the better it will work increasing shareholder value.
The stock is not exactly cheap at 22 times this year’s earnings, so wait for dips to buy!
This blog follows Colfax since May 2009 when the share price stood at $ 7.27 .
Until today it performed 272 %!
Cheers!