Corp. Express

CXP-N

0.00
0.00 (0.00%)
This company is not ACTIVE.

Analysis and Opinions about CXP-N

Signal
Opinion
Expert
TOP PICK
TOP PICK
September 19, 2005
(A Top Pick June 30/05. Up 20%.) A very simple story of office supplies. The top 4 people in the company own 22/24% of the business. A B to B player in that they don't have retail stores. Feele they can grow their business by 3/4%. Generates lots of free cash flow. Only at 75% capacity in their warehouse so have lots of room to increase the capacity.
Corp. Express (CXP-N)
September 19, 2005
(A Top Pick June 30/05. Up 20%.) A very simple story of office supplies. The top 4 people in the company own 22/24% of the business. A B to B player in that they don't have retail stores. Feele they can grow their business by 3/4%. Generates lots of free cash flow. Only at 75% capacity in their warehouse so have lots of room to increase the capacity.
Paul Harris, CFA
Partner and Portfolio Manager, Harris Douglas Asset Management
Price
$11.700
Owned
Yes
TOP PICK
TOP PICK
August 12, 2005
An office supply company. Made a large acquisition, took on lots of debt and the economy fell apart. Sold a large business they were in and reduced the debt considerably. Rebalanced their balance sheet by buying back preferred stock. Has great organic growth. All B to B business, no retail stores. Top 4 management owns 18%.
Corp. Express (CXP-N)
August 12, 2005
An office supply company. Made a large acquisition, took on lots of debt and the economy fell apart. Sold a large business they were in and reduced the debt considerably. Rebalanced their balance sheet by buying back preferred stock. Has great organic growth. All B to B business, no retail stores. Top 4 management owns 18%.
Paul Harris, CFA
Partner and Portfolio Manager, Harris Douglas Asset Management
Price
$12.250
Owned
Yes
TOP PICK
TOP PICK
June 30, 2005
(A Top Pick March 28/05. Down 7%.) A Dutch office supply company, all B to B via the internet/catalogs. A good solid company which has a good opportunity to grow. Very leveraged to the US. Have brought down their debt by $1.5 billion. Top 4 people own 14% of the company.
Corp. Express (CXP-N)
June 30, 2005
(A Top Pick March 28/05. Down 7%.) A Dutch office supply company, all B to B via the internet/catalogs. A good solid company which has a good opportunity to grow. Very leveraged to the US. Have brought down their debt by $1.5 billion. Top 4 people own 14% of the company.
Paul Harris, CFA
Partner and Portfolio Manager, Harris Douglas Asset Management
Price
$9.850
Owned
Yes
TOP PICK
TOP PICK
June 3, 2005
The key to this story is that it competes with Staples (SPLS-Q) and Office Depot (ODP-N) except it is B to B, they don't have any stores. Market share is about 18% globally so there is lots of growth. Trades at a free cash flow yield of about 10%. Restructured their balance sheet.
The key to this story is that it competes with Staples (SPLS-Q) and Office Depot (ODP-N) except it is B to B, they don't have any stores. Market share is about 18% globally so there is lots of growth. Trades at a free cash flow yield of about 10%. Restructured their balance sheet.
Paul Harris, CFA
Partner and Portfolio Manager, Harris Douglas Asset Management
Price
$9.150
Owned
Yes
TOP PICK
TOP PICK
April 22, 2005
Small Dutch company. Competes with Staples, Office Depot in office supplies sales, but it's all B to B over the internet/catalogues. They have no retail. At about 10 X earnings. Lots of room to grow. Have just re-capitalized by buying back some preferred shares. A great level to get involved.
Corp. Express (CXP-N)
April 22, 2005
Small Dutch company. Competes with Staples, Office Depot in office supplies sales, but it's all B to B over the internet/catalogues. They have no retail. At about 10 X earnings. Lots of room to grow. Have just re-capitalized by buying back some preferred shares. A great level to get involved.
Paul Harris, CFA
Partner and Portfolio Manager, Harris Douglas Asset Management
Price
$9.390
Owned
Yes
TOP PICK
TOP PICK
March 28, 2005
(A Top Pick Jan24/05. Up 3.6%.) The 4 major people in the business own about 18% of the company. Bought it at 10 X earnings and they are getting increasing margins. Should grow about 2/3% organically. Changing the capital structure by buying back some of their preferred shares.
Corp. Express (CXP-N)
March 28, 2005
(A Top Pick Jan24/05. Up 3.6%.) The 4 major people in the business own about 18% of the company. Bought it at 10 X earnings and they are getting increasing margins. Should grow about 2/3% organically. Changing the capital structure by buying back some of their preferred shares.
Paul Harris, CFA
Partner and Portfolio Manager, Harris Douglas Asset Management
Price
$10.510
Owned
Yes
TOP PICK
TOP PICK
January 24, 2005
Office products and basically a B to B through catalogues. No retail stores. Largest in the US. Top 4 players own about 18% of the business, so it's not fragmented and can see a lot of organic growth in the industry. Sees a continued growth in white collar jobs. Also moving into a lot of their own branded productswhich is good for margins/volumes.
Corp. Express (CXP-N)
January 24, 2005
Office products and basically a B to B through catalogues. No retail stores. Largest in the US. Top 4 players own about 18% of the business, so it's not fragmented and can see a lot of organic growth in the industry. Sees a continued growth in white collar jobs. Also moving into a lot of their own branded productswhich is good for margins/volumes.
Paul Harris, CFA
Partner and Portfolio Manager, Harris Douglas Asset Management
Price
$10.080
Owned
Yes
TOP PICK
TOP PICK
December 16, 2004
The leader in Business to Business office supplies. Trades at 9 X earnings. Had a lot of problems with large debt and have since re-structured and brought down their debt level. A lot of room for organic growth. Moving into private label products so can source their goods for larger margins.
Corp. Express (CXP-N)
December 16, 2004
The leader in Business to Business office supplies. Trades at 9 X earnings. Had a lot of problems with large debt and have since re-structured and brought down their debt level. A lot of room for organic growth. Moving into private label products so can source their goods for larger margins.
Paul Harris, CFA
Partner and Portfolio Manager, Harris Douglas Asset Management
Price
$9.130
Owned
Yes
TOP PICK
TOP PICK
October 12, 2004
One of only 4 office supply companies. They don't own any retail. All business-to-business. Made a huge acquisition in 1999 and took on $2.5 billion in debt. Have now restructured and paid down 2/3 of their debt. Trades at 10 X next year's earnings.
Corp. Express (CXP-N)
October 12, 2004
One of only 4 office supply companies. They don't own any retail. All business-to-business. Made a huge acquisition in 1999 and took on $2.5 billion in debt. Have now restructured and paid down 2/3 of their debt. Trades at 10 X next year's earnings.
Paul Harris, CFA
Partner and Portfolio Manager, Harris Douglas Asset Management
Price
$7.600
Owned
Yes
TOP PICK
TOP PICK
September 17, 2004
Have no retail. All business is done business-to-business. Best pricing in their business. Can grow organically. Trades 10/12 X EPS. Reduced their debt.
Corp. Express (CXP-N)
September 17, 2004
Have no retail. All business is done business-to-business. Best pricing in their business. Can grow organically. Trades 10/12 X EPS. Reduced their debt.
Paul Harris, CFA
Partner and Portfolio Manager, Harris Douglas Asset Management
Price
$7.930
Owned
Yes
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