Cemtrex Selected to Join the Richmond Club Index for Stocks with High Growth Potential
March 23, 2015
March 23, 2015 Cemtrex, Inc. announced today that it has been selected to join the Richmond Club Index. The Richmond Club Index is an index of public companies that meet rigorous criteria for having excellent high growth potential. The Richmond Club Index has achieved 17.83% annualized performance since its inception in 2005.
Companies are carefully selected to join the index based on a detailed analysis of the company’s fundamentals and a discussion with management as to the future prospects of the company and its share price. The Richmond Club focuses on finding companies that are undervalued in order to achieve maximum profit for its members. The Richmond Club Index has achieved an annualized performance of 17.83% since 2005 compared to the S&P 500 which has an annualized performance of 5.58% over the same period.
Cemtrex’s CEO, Saagar Govil, commented, “We are thrilled to have been chosen to join the index by the Richmond Club. From our perspective there is certainly an opportunity for investors to benefit from current valuations particularly when comparing us to valuations of similar companies in our industries. By joining the index it further validates the opportunity Cemtrex currently presents to investors and we are optimistic that the return will outperform the S&P 500 over the long term.”
Cemtrex will be presenting to the members of the Richmond Club in Toronto, Canada on March 25th 2015. The presentation will be available online at the www.richmondclub.com thereafter. The company will officially be added to the index starting April of 2015 for the period of one year.