This leads me to believe there are some stocks with great growth prospects that are available at reasonable valuation levels. I'm going to try to highlight some of these that come across my desk that look like they might have some long-term growth potential. The following financial characteristics caught my eye. In addition to having solid earnings growth, the company has a strong balance sheet to support its growth initiatives. Before discussing what the company does, another important financial attribute of this company is that it has positive cash flow from operations.
Coast manages dental practices in the Southeast.
Since opening its first center in May 1992, the company has acquired 57 facilities in Florida, Georgia, and Tennessee to supplement its opening of 41 additional internally developed centers. Most of these offices are clustered in metropolitan areas such as St. Petersburg, Orlando, Daytona, Atlanta, and Nashville. Coast's strategy is to provide management services to dental offices so that the dentists can spend more time working with patients. Beyond just freeing up time for the dentist, the company should be able to operate the office more efficiently by using standardized procedures. In addition, the company can develop a critical mass of offices in its target markets.