New Mechanical Stocks - March 5th 2010

Another week, another batch of new stocks. SNTS is new to the top 30 screen. AFAM, DNB and SNTS are new to the top 50 screen. I had looked at SNTS previously, they are there largely because of a recent milestone payment of $20m. Now maybet they will be getting another milestone payment, but I don't like to buy stocks with a extraordinary event.

I looked at AFAM, but I feel that with ODSY and AMED that I have enough exposure to this space (though I am still kicking myself for not buying CNU when it hit the screens...up 105% on the top 50 screen and 41% on the top 30 screen).

That brings us to DNB. Not the most dynamic company in the world, but generally speaking I am not looking for dynamic right now. Here is my calc of their stats:

		dnb
+	Operating Income After Depreciation	487.60
-	Minority Interest - Income Account	2.60
=	Income for Calculation	485.00
	Diluted Shares Outstanding	52.100
	Share Price	69.95
+	Market Cap Calc	3,644.40
+	Preferred Capital	-
+	Debt in Current Liabilities	1.30
+	Long-Term Debt	961.00
	Cash and Short-Term Investments	222.90
-	Excess Cash	-
=	Enterprise Value	4,606.70
+	Property Plant and Equipment - Net	59.30
+	Receivables	503.00
+	Inventories	-
+	Other Current Assests	13.20
+	Working Cash	347.00
-	Accounts Payable	85.60
-	Current Liabilities - Other	777.60
=	Invested Capital	59.30
	Earnings Yield	11%
	ROIC	818%

They do pay a 2% dividend. Just a month ago they were north of $80. Now a hair under $70. Not a dynamo, but I think they're a strong candidate for my 1st of 6 new stocks between now and May.