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URL:  http://boards.fool.com/martin-i-took-a-look-at-ccgs-3rd-qtr-report-and-30562824.aspx

Subject:  Re: CCG Date:  2/26/2013  1:53 PM
Author:  gsbaird Number:  73752 of 77502

Martin,
I took a look at CCG's 3rd Qtr report and saw no warts. They do report 4Q after the bell today. You may want to wait until after their report to buy shares. Here is a very brief summary of my investigation:

* Issued 27% additional common shares since the beginning of 2011 but have grown their revenues in that same period by 49%. 3rd quarter of 2012 revenues were up 69% versus 3rd qtr 2011
* debt/equity = 0.79 (quite reasonable and most of their debt is fixed rate mortgage debt
debt maturities - 2013: $31 million; 2014: $98 million; 2015: 3 million; 2016: $99 million
* They have a revolving credit agreement enabling them to borrow up to $325 million with $56 million of that used to date; the agreement ends in 2014 with a 1 year extension available to them. Interest rate on the
revolving credit is currently 2.49% which is pretty good.
* Raymond James and Reuters recommend purchase of their stock.
* They modestly raised their dividend recently from 16 cents per share quarterly to 16.5 cents per share. They apparently had some serious problems in 2006 and stopped paying common stock dividends until 2010.

Stephen
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