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ANSLY - Rubber Gloves Produce High Cash Flows For Ansell
Ansell Ltd. ADR
Australian rubber glove manufacturer Ansell (OTCPK:ANSLF, OTCPK:ANSLY) just released FY 2019 numbers. Sales are up slightly but earnings are off with higher rubber costs and higher corporate taxes. Based upon valuations, we think the stock is a buy. Management has been very good about paying out cash as a dividend and share buybacks.
I’m going to convert the stock price in Australian dollars to $18.5, which is about what the thinly traded ADR trades for. There are 132.14 million shares and the market cap is $2.44 billion. Earnings per share for the