Amcol Goes On Sale

Yesterday's market crash has presented prudent investors with an unbelievable buying opportunity in a number of fast growing firms. One such firm is Amcol (ACO), which according to the company's website, is a leading international producer and marketer of value-added, specialty minerals and related products. Headquartered in Arlington Heights, Illinois, Amcol operates over 50 facilities worldwide and employs more than 1500 employees. The company recently reported fourth quarter earnings that handily beat the street consensus estimates and rose 43 percent year over year. Earnings for the year were also significantly better than consensus estimates and rose 22 percent from fiscal 2005. The company also boasts a return on equity of 18.22 and a five year projected growth rate of 30.11 percent according to Reuters. Furthermore, despite these solid fundamentals, the company still sales for only 13.47 times next years earnings. The bottom line is that smart investors can get a great growth company at bargain bin prices. For purposes of disclosure, I own shares in this company and am very bullish on its prospects.