Sunday, June 24, 2007

Irish Stocks: The Other Green Companies

Did you know that the largest building in North America will be built in Chicago by an Irish developer, Garrett Kelleher, executive chairman of Shelbourne Development Ltd.? It will be spiral shaped and will look like a drill bit, with 124 stories.

Ireland Facts:
1. It is the largest exporter of software-related goods and services in the world.
2. There is no tax on royalties from copyrighted goods.
3. GDP growth for 2005 was 4.7%.
4. The country has the second highest GDP per capita in the world.
5. It is number 4 out of all countries on the Human Development Index.
6. Gross National Income per head is the seventh highest in the world.
7. It has the best quality of life in the world according to The Economist magazine.
8. 99.9% literacy rate – tied for first in the world.
9. Number 3 in the world in terms of Economic Freedom.
10. Lower unemployment rate that the United States, Australia, Austria, Germany, Spain, France, and many other major countries around the world.

Here are some stocks which may have a little Irish luck attached to them.

Allied Irish Banks plc (AIB) is a Dublin based bank holding company, with branches in Ireland, the United States, the United Kingdom, and Poland. The price earnings ratio is a favorable 8.5, the price sales ratio is 1.7, and the yield is 3.3%.

Bank of Ireland (IRE), the oldest bank in Ireland, founded in 1783, has branches in Ireland and the U.K. The stock has a P/E of 8.9, a P/S of 2.3 and a relatively high yield of 5%. Dividends have been paid twice a year for the last ten years.

C&C Group plc (CCGGY), formally known as Cantrell & Cochrane Limited, is a large manufacturer and seller of beverages in Ireland. And has a popular cider brand Bulmers, also known as Magners. The P/E is 22, the P/S is 3.7, and the yield is 2.4%.

CRH plc (CRH), formerly known as Cement-Roadstone Holdings plc, manufactures building materials, such as cement, asphalt, concrete, and lime. They recently invested in a cement factory and eight cement production plants in China. The P/E is 15, the PEG is 1.8, and the P/S is 1.1.

Elan Corp. plc (ELN) is involved in the development of therapies in the areas of autoimmune diseases and neurodegenerative diseases and drug optimization technologies. They are working on NanoCrystal technology which reduces crystalline drugs to extremely small particles under 400 nanometers. The company has had negative earnings and a P/S of 16.5.

Genesis Lease Ltd (GLS) is a a commercial aircraft leasing company based in Limerick. The P/E is 30.8, the PEG is 1.9, the P/S is 6.35, and the yield is 1.9%.

ICON plc (ICLR) provides outsourcing services to the pharmaceutical and biotechnology industries. The company has a P/E of 29, a PEG of 1.25, and a P/S of 2.5.

IONA Technologies plc (IONA) develops distributed service-oriented architecture [SOA] infrastructure software, which allows connection of diverse systems without requiring a centralized server. The P/E is 656, and the P/S is 2.5. This is a very low cap stock and therefore should be considered very speculative.

Ryanair Holdings plc (RYAAY) is the famous low cost airline that happens to be one of the largest airlines in the world, the largest in Europe in terms of number of passengers. The stock has a P/E of 20, a PEG of 1.2, and a P/S of 3.9.

Trinity Biotech plc (TRIB) makes and sells medical diagnostic products used to detect autoimmune diseases, hormonal imbalances, sexually transmitted diseases, intestinal infections, lung infections, cardiovascular diseases, HIV antibodies, diabetes, liver diseases and intestine diseases. The stock’s P/E is 42, the PEG is 0.83, and the P/S is 1.6. This is a low cap stock and therefore should be considered speculative.

Trintech Group plc (TTPA) creates and markets financial software for the commercial, financial, and healthcare markets. The forward P/E is 25 and the P/S is 2.4. This is a very low cap stock and therefore should be considered very speculative.

Author owns RYAAY.


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