DORMAN PRODUCTS

Here is what they say about their company on the web site. https://www.dormanproducts.com/Pages/corporate/history.aspx

"New Since 1918", Dorman Products is a leading supplier of original equipment dealer "exclusive" automotive and heavy duty replacement parts, automotive hardware, brake parts, and fasteners to the Automotive and Heavy Vehicle Aftermarkets.  New to the Aftermarket is our exciting niche allowing us to provide hundreds of new products to our customers and end-users each month and thousands each year.”

Dorman is a supplier to the major automotive  retail parts outlets in the US. Domiciled in Colman Pennsylvania they also have a presence in Asia. 

Why I like it:

1. It has an 11% historic five year sales growth. 
2. A 13% Earnings per share rate of growth for the same 5 years.
3. Pre tax profit on sales is 18% and 19% earned on equity. 
4. It has zero debt and has a current price to earnings ratio of 19. 
5. It pays no dividend so is a growth not income stock.
6. It is just barely in the buy zone which is $43 - $65. Today’s price is : $61.14. Ticker symbol is DORM.

Consumer confidence is up and that may be detrimental to this stock that focuses on after market not new. It really needs lots of used cars. If people buy new then the parts business is slow. We will see.


Our Portfolio:

100 shares DORMAN INCORPORATED  01/01/2018 Cost $6,114 Value $6,114.