Today’s recommendation is participating wholeheartedly in the economic recovery. And its significant growth in sales and earnings has been sparking recent interest from investors.
Alpha Pro Tech (APT)
from The Bowser Report
Alpha Pro Tech (APT), headquartered in Ontario, Canada, has had little exciting price movement over the past year, until recently. However, the relatively stable price presents a good buying opportunity.
Alpha Pro Tech states that it is in the business of protecting people, products and environments, through its three business segments:
As of the company’s last annual statement (filed in March 2013), Alpha Pro Tech had 18 US Patents with expiration dates from 1 to 13 years into the future.
For the most recent nine months ended 09/30/13, Building Supplies accounted for 61.4% of sales; Disposable Protective Apparel, 28.9%; and Infection Control, 9.7%.
Earnings increased by 119% and 62% for the three and nine months ending 09/30/13, respectively. APT was able to increase its profit margin from 3.9% in the third quarter of 2012 to 7.1% for this year’s third quarter.
Sales have increased in 6 of the past 7 quarters, and net income has increased in 5 of the last 7 quarters.
APT has no long-term debt, and has $25 dollars in current total assets for every $1 in current total liabilities. At the very least, the company’s balance sheet provides a great safety net. Continuing to add value, APT has been buying back shares, recently expanding its share buyback program by $2 million for a total availability of $2.3 million.
As of the company’s latest proxy statement, directors and executive officers owned 20.2% of the company’s common shares.
Cindy Bowser, The Bowser Report, www.thebowserreport.com, 757-877-5979, November 2013