SEC Filing
Year End June 30.
Dec. 13, 2010
Q1 2011 data
1.Major Business.
Dry cleaning. Industrial laundry equipment. Steam boiler.
2.Price, Book value, Share outstanding, Market Cap.
Recent price $1.10. Book value: $1.08. Shares: 7.03m. Market Cap: $7.7m
3.Current ratio. Debt/Current Asset ratio. Debt maturity and interest. Inventory level.
Current ratio > 3. Total debt: 0. Inventory $1.7m. Cash 6.9m.
Dry cleaning. Industrial laundry equipment. Steam boiler.
2.Price, Book value, Share outstanding, Market Cap.
Recent price $1.10. Book value: $1.08. Shares: 7.03m. Market Cap: $7.7m
3.Current ratio. Debt/Current Asset ratio. Debt maturity and interest. Inventory level.
Current ratio > 3. Total debt: 0. Inventory $1.7m. Cash 6.9m.
4.Revenue, Earning, Deficit check. Revenue/Price ratio.
2010 2009 2008 2007 2006 2005 2004 2003 2002 20001 ave
(1) 19.6m 23.2m 22m 22m 19.5m 17.8m 14m 13.7m 13.3m 15m
(2) 0.06 0.07 0.09 0.13 0.11 0.10 0.08 0.09 0.07 0.04 0.084
(3) 0.08 0.22 (0.02) 0.25 0.29 0.07 0.06 0.16 0.18 (0.02) 0.125
(4) 6m (0.8m)*
(1)Revenue, (2) income, (3)FCF, (4)cash balance.
*Including $1.16m debt.
*Including $1.16m debt.
5.Free Cash flow
ref 4.
ref 4.
6.Dividend history. Dividend policy.
2008 2007 2006 2005 2004
$0.04 $0.08 $0.08 $0.095 $0.05
2008 2007 2006 2005 2004
$0.04 $0.08 $0.08 $0.095 $0.05
7.SG&A, R&D expense.
n/a
8.Insider holding. Management compensation. Options.
Steiner Family: 4.2m share 60%. CEO Michael Steiner hold 30%. He and his mom, dad William(director) co-hold rest 30%
Venerando: CFO hold 210k share 3.1%
Top 2 officer( Michael + William): 2010 $0.65m. 2009: $0.65m. 2008: $0.53m 2007: $0.48m
9. Insider trading info, stock buy back.
n/a
10.Employee numbers. Revenue/Employee. Compensation/Employee.
Currently 29 employees, down from 33 in 2008. Revenue/Employee around $0.7m.
11.Industry comparison.
Major competitors in the same industry. Whether the business is competitive?
12.Major events.
Nov. 1998: Merged with Metro-Tel. Sticker changed from MTF to DCU at Nov. 1999. Venerando is the owner of MTF and became CFO in DCU.
Currently 29 employees, down from 33 in 2008. Revenue/Employee around $0.7m.
11.Industry comparison.
Major competitors in the same industry. Whether the business is competitive?
12.Major events.
Nov. 1998: Merged with Metro-Tel. Sticker changed from MTF to DCU at Nov. 1999. Venerando is the owner of MTF and became CFO in DCU.
2004: Alan I. Greenstein joined DCU and purchased 1.5m shares from Steiner family. at later that year. His own transportation company file for bankruptcy.
2005. For some reason, Alan return 0.5m shares back to Steiner family.
2006: Alan return back another 0.5m shares back to Steiner family. and rest 0.5m became under his wife's name. Very strange.
2008: Jan. Alan Greenstein resigned. 420k shares appears under a company controlled by Alan and no more under his wife's name. Dec. 2009: change name from Dryclean USA(sticker:DCU) to EnviroStar(sticker:EVI).
13.Concerns.
1) No current dividend.
2) Average income is a little bit low for current price
Bought at $1.08
