{"id":714,"date":"2011-06-01T13:51:51","date_gmt":"2011-06-01T11:51:51","guid":{"rendered":"http:\/\/www.blog.asmus-puhl.com\/?p=714"},"modified":"2011-06-01T13:51:51","modified_gmt":"2011-06-01T11:51:51","slug":"colfax-raises-2011-guidance","status":"publish","type":"post","link":"http:\/\/www.blog.asmus-puhl.com\/?p=714","title":{"rendered":"Colfax raises 2011 guidance !"},"content":{"rendered":"<p style=\"text-align: justify;\">Colfax Corporation (NYSE: CFX) today<a href=\"http:\/\/finance.yahoo.com\/news\/Colfax-Raises-2011-prnews-3767833178.html?x=0&amp;.v=1\" target=\"_blank\"> raised its guidance for FY 2011<\/a>!<\/p>\n<p style=\"text-align: justify;\">Organic growth will be between 6%\u00a0 &#8211; 8% thanks to the Rosscor Holding B.V. acquisition and they now expect to earn $ 1.12 to $ 1.22 non GAAP adjusted earnings instead of $ 1.00 to $ 1.10<\/p>\n<p style=\"text-align: justify;\">This translates into a p\/e of 19 to 20 for FY 2011 based on a share price of $ 22.50 .<\/p>\n<p style=\"text-align: justify;\">This doesn&#8217;t seem cheap and I think this price would only be justified if Colfax can grow faster than 20% fueled by acqisitions.<\/p>\n<p style=\"text-align: justify;\">As their business model is to do exactly that and we all expect more positive acquisitons it would certainly be a safer bet to buy Colfax shares when the general market dips next time:<\/p>\n<p style=\"text-align: justify;\">Don&#8217;t forget your &#8220;margin of safety&#8221;!<\/p>\n<p style=\"text-align: justify;\"><em>By the way: this blog follows Colfax since May 2009 when the share price stood at $ 7.27 . <\/em><\/p>\n<p style=\"text-align: justify;\"><em>Until today it performed 209%!<\/em><\/p>\n<p style=\"text-align: justify;\"><strong><em><strong><\/strong><\/em><\/strong><strong><em><strong><\/strong><\/em><\/strong><\/p>\n<p style=\"text-align: justify;\">Cheers!<\/p>\n<p style=\"text-align: justify;\"><em><strong><br \/>\n<\/strong><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Colfax Corporation (NYSE: CFX) today raised its guidance for FY 2011! Organic growth will be between 6%\u00a0 &#8211; 8% thanks to the Rosscor Holding B.V. acquisition and they now expect to earn $ 1.12 to $ 1.22 non GAAP adjusted earnings instead of $ 1.00 to $ 1.10 This translates into a p\/e of 19 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[3],"tags":[],"_links":{"self":[{"href":"http:\/\/www.blog.asmus-puhl.com\/index.php?rest_route=\/wp\/v2\/posts\/714"}],"collection":[{"href":"http:\/\/www.blog.asmus-puhl.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.blog.asmus-puhl.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.blog.asmus-puhl.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.blog.asmus-puhl.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=714"}],"version-history":[{"count":14,"href":"http:\/\/www.blog.asmus-puhl.com\/index.php?rest_route=\/wp\/v2\/posts\/714\/revisions"}],"predecessor-version":[{"id":728,"href":"http:\/\/www.blog.asmus-puhl.com\/index.php?rest_route=\/wp\/v2\/posts\/714\/revisions\/728"}],"wp:attachment":[{"href":"http:\/\/www.blog.asmus-puhl.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=714"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.blog.asmus-puhl.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=714"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.blog.asmus-puhl.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=714"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}