We have discussed the idea of examining a company from the perspective of demand for its services and/or products. We’ve also discussed the concept behind any growth strategies the company might employ. Finally we need to see dollars coming in the door, and in the instance of Budget Waste Inc, (trading under the symbol BDGW), we have just gotten the holy grail delivered.
Just a few days ago, on February 27th, BWI announced the following: “For the nine months ended December 31, 2007, the Company reported revenues of $12,129M (“M” representing thousands), an increase of $4,882M, or 67.4%, from $7,247M in the nine months ended December 31, 2006. While the company instituted price increases during the nine months which included fuel surcharges, the greatest growth was from the effect of the acquisition of five of the thirteen companies acquired during the last two years.”
Did you catch the increase? 67.4%, on a year over year basis. That is stellar revenue growth, almost unheard of in a company trading at the level it’s trading at. Yet, as amazing as this report was, they backed it up just five days later with another stunning report.
“BWI is pleased to announce that a projected increase in revenues of 55% should be reached for the current year ending March 31, 2008. BWI has generated an average monthly income of $1,350,000 for the first 9 months of 2007, this calculates into year end revenue of approximately $16,200,000. This represents an increase of approximately $5,759,000 over the previous year’s income of $10,441,000.”
So here we have a company that’s growing organically and by strategic acquisitions. They are seeing revenue growth in the 55 to 65% range, and they expect to see over 16 million dollars in revenues for their fiscal year. That is an incredible amount of money folks, and with growth rates like that, it’s not hard to think that this company is going to attract a lot more attention than they have so far. Once more of the investing public gets a chance to digest those figures, they may reward the company by stepping up their investing allotment.
It’s truly not often when we can find a company in a market niche with massive demand that’s growing quickly and taking in “bigger cap” type revenues. This time we’ve got one and everyone owes it to themselves to take a look.
Let us hear your thoughts: Budget Waste, Inc. Message Board
