Recent falls in the ASX have taken a number of quality shares down with them, including the very exciting non-bank lender Yellow Brick Road Holdings Ltd (ASX: YBR).
Readers will no doubt be familiar with the name of chairman, Mark Bouris, an entrepreneur who regularly contributes to Money magazine and other publications.
Yellow Brick Road is his latest enterprise, and Mr Bouris still holds 18.4% of the company, having recently purchased an additional 6 million shares not too long ago.
A number of other major investors took the opportunity to top up their holdings in the company after its latest annual report – clearly they're expecting big things this year.
After a number of acquisitions and a share buy-back, great revenue growth and outstanding expansion in a number of business lines in FY2014, I think they might be right.
Which is why Yellow Brick Road Holdings is such a bargain at the moment, having fallen from recent highs of 77 cents to the current price of just $0.655.
With FY15 expected to be the first year of profitability as the company's expansion strategy matures, a falling price offers a golden opportunity to jump on board before the business really starts to draw wider market notice.
For the record, I bought my stake at the price of $0.71, and I am strongly considering topping up my holdings at these lower prices.
In fact I think that Yellow Brick Road has the potential to match The Motley Fool's 2014-2015 Top Stock pick for performance – and that company boasts 7 unbroken years of revenue and dividend growth.
This isn't just hyperbole either, as a glance at the Top Stock's stats shows that Yellow Brick Road is quickly closing in on it for size, and its revenues are growing equally fast.
To find out more about The Motley Fool's pick, just click on the link below and enter your email address, and we'll send you our special report, completely FREE!
