Below are the valuation targets for American States Water (AWR) for the next 10 years. Continue reading
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Chart of the Day: ImmunoCellular Therapeutics
According to Yahoo!Finance, “ImmunoCellular Therapeutics, Ltd., a clinical-stage biotechnology company, develops immune-based therapies for the treatment of various cancers. Its products include ICT-107, a dendritic cell (DC) immunotherapy for the treatment of diagnosed glioblastoma multiforme (GBM); ICT-140, a DC-based immunotherapy targets tumor associated antigens on ovarian cancer; and ICT-121, a DC-based immunotherapy targeting CD133 markers and CSCs to treat recurrent GBM and other solid tumor cancers.”
The Study of Failure
"'Failure, that is, struck to the core of one's identity; as Cathy Matson explains in a succinct phrase, ‘Business setbacks were attributed to personal failure rather than to social forces'(KOPEC, ANDREW. “Irving, Ruin, and Risk.” Early American Literature, vol. 48, no. 3, 2013, pp. 709–735. JSTOR, JSTOR, www.jstor.org/stable/24476334.)"
Posted in Chart of the Day, IMUC, The Study of Failure
Alliant Energy Corp. 10-Year Targets
Below are the valuation targets for Alliant Energy Corp. (LNT) for the next 10 years. Continue reading
Chart of the Day: Aradigm Corporation
According to Yahoo!Finance, “Aradigm Corporation (ARDM), a specialty pharmaceutical company, focuses on the development and commercialization of products for the treatment and prevention of severe respiratory diseases. Its lead development candidates are proprietary formulations of the potent antibiotic ciprofloxacin, including Linhaliq and Lipoquin that are delivered by inhalation for the management of infections associated with severe respiratory diseases, including non-cystic fibrosis bronchiectasis, cystic fibrosis, and non-tuberculosis mycobacterium.”
The Study of Failure
"Low ambition offends Americans even more than low achievement." —Scott Sandage, Born Losers: A History of Failure in America
Posted in ARDM, Chart of the Day, The Study of Failure
United Technologies 10-Year Targets
Below are the valuation targets for United Technologies (UTX) for the next 10 years. Continue reading
Chart of the Day: Bridgeline Digital
According to Yahoo!Finance, “Bridgeline Digital (BLIN), Inc. operates as a digital engagement company in the United States. The company's iAPPS platform enables companies and developers to create Websites, Web applications, and online stores. It offers iAPPS Experience Manager, a marketing automation engine and content management system; iAPPS Content Manager that enables non-technical users to create, edit, and publish content via a browser-based interface; and iAPPS Commerce, an online B2B and B2C e-commerce solution, which allows users to manage domestic and international commerce initiatives.”
The Study of Failure
"The underlying problem is that society measures success by how much money someone has, as demonstrated by how many status symbols he has accumulated. When stripped of these status symbols he feels naked, as though the world can now see that he's a failure after all (Lang, Dennis. “Mangoes Falling: A Recession Dialogue.” Columbia: A Journal of Literature and Art, no. 48, 2011, pp. 115–130. JSTOR, JSTOR, www.jstor.org/stable/41951774.)."
Posted in Chart of the Day, The Study of Failure
Teleflex Inc. 10-Year Targets
Below are the valuation targets for Teleflex Inc. (TFX) for the next 10 years. Continue reading
Chart of the Day: General Moly
General Moly (GMO) is described by Yahoo!Finance as “…together with its subsidiary, Eureka Moly, LLC, engages in the exploration, development, and mining of mineral properties in the United States. The company explores for molybdenum and copper deposits.”
The Study of Failure
"This was an era in which the meanings of success and failure, the legitimacy of capitalist exchange, and the very 'rules' of capitalism were up for debate. (Luskey, Brian P. “Warranted Speculations.” Reviews in American History, vol. 36, no. 3, 2008, pp. 357–364. JSTOR, JSTOR, www.jstor.org/stable/40210934.)"
Posted in Chart of the Day, GMO, The Study of Failure
Texas Pacific Land Trust Downside Targets
In the period from October 3, 2018 to November 23, 2018, the price of Texas Pacific Land Trust (TPL) has declined from a recent high of $871.99 to the current level of $551.99, a decline of –36.69%. The question on everyone’s mind is, “how low will the price go?”
Using past as precedent, we looked at the Speed Resistance Lines [SRL] as outlined by Edson Gould in the period from 2003 to 2016. First, we remind our readers that under the extraordinary period of panic, from June 29, 2007 to March 9, 2009, TPL saw a decline of -72%.
Using the 2009 low, we see the $25.65 level as the pivot and the $230.82 level as the parabolic peak. Those points give us the following SRLs:
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$102.59 (conservative target)
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$89.77 (mid-range target)
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$76.64 (extreme target)
The entire decline was –53.87% and saw the price of TPL achieve the conservative downside target of $102.59 and with the passage of time the price almost accomplished the $89.77 mid-range target.
Fast forward to November 23, 2018 where we see the peak of TPL at $871.99. If we allow for only the conservative downside target to be achieved then TPL will go as low as $397.12. However, remember back in December 9, 2010 when we said, in an article titled “Real Estate: The Verdict is In,” “…we feel that real estate has a six to nine year stretch of rising prices or ‘trading’ in a range and decreased foreclosures.”
“…we feel that real estate has a six to nine year stretch of rising prices or ‘trading’ in a range and decreased foreclosures.”
Since our prescient article in 2010, in the face of shadow inventory claims that were supposed to keep prices down, we have seen a clear rising trend in the price of real estate and a significant decrease in foreclosures. Now, with the passage of 8 years, we believe that TPL will push the limits of downside action and achieve the extreme downside target as seen in the chart below. Continue reading
Posted in Edson Gould, parabolic, real estate, SRL, Texas Pacific Land, TPL
Dow’s theory on Earnings Expectations
Charles H. Dow’s thoughts on the impact of earnings expectations
"A general belief that a stock is going to earn a given rate is sometimes as effective speculatively as the actual demonstration of such earnings (Dow, Charles H. Wall Street Journal. Review and Outlook. March 27, 1900)."
Who was Charles H. Dow?
“Charles Henry Dow was an American journalist who co-founded Dow Jones & Company with Edward Jones and Charles Bergstresser. Dow also founded The Wall Street Journal, which has become one of the most respected financial publications in the world. He also invented the Dow Jones Industrial Average as part of his research into market movements. He developed a series of principles for understanding and analyzing market behavior which later became known as Dow theory, the groundwork for technical analysis (source: Wikipedia.org).”
Posted in Dow's Value Theory
Chart of the Day: Palatin Technologies
Palatin Technologies, Inc., a biopharmaceutical company, develops targeted, receptor-specific therapeutics for the treatment of various diseases in the United States. The company's principal product is Vyleesi, an on demand subcutaneous injectable product that has completed Phase III clinical studies for the treatment of premenopausal women with acquired, generalized hypoactive sexual desire disorder.
The Study of Failure
"We need the loser to sort out our own defeats and dreams... failure is not the dark side of the American Dream; it is the foundation of it. (Lichtenstein, Alex. “Always Be Closing.” Labour / Le Travail, vol. 57, 2006, pp. 193–199. JSTOR, JSTOR, www.jstor.org/stable/25149671.)"
Posted in Chart of the Day, The Study of Failure
Air Products and Chemicals 10-Year Targets
Below are the valuation targets for Air Products and Chemicals (APD) for the next 10 years. Continue reading
Chart of the Day: CDTi Advanced Materials
According to Yahoo!Finance, “CDTi Advanced Materials, Inc. provides technology and solutions to the automotive emissions control markets in the United States, Canada, and Europe. Its catalyst products include synergized- platinum group metal (PGM) diesel oxidation catalysts, zero-PGM catalysts, selective catalytic reduction catalysts, and base-metal activated rhodium support catalysts.”
The Study of Failure
" The willingness to ascribe business failure to personal flaws may explain why it took the nation so long to pass a bankruptcy law that would enable 'losers' to make a new start (Mihm, Stephen. “Capitalism and Its Discontents.” Reviews in American History, vol. 33, no. 3, 2005, pp. 474–480. JSTOR, JSTOR, www.jstor.org/stable/30031826.)."
Posted in CDTI, Chart of the Day, The Study of Failure
Revision to AT&T 10-Year Targets
Please note that the 10-year targets for AT&T has been updated and can been found here.
Posted in update
Chart of the Day: Determine Inc.
According to Yahoo!Finance, “Determine, Inc. provides software-as-a-service source-to-pay and enterprise contract lifecycle management (ECLM) solutions. The company offers Determine Cloud Platform, an open technology infrastructure for application in strategic sourcing, contract management, e-procurement, invoice management, financial management, supplier management, business applications, ECLM, and analytics.”
The Study of Failure
"When you retire, you better return TO something. I don't care if it's golf, biking, traveling, or collecting something. But just to retire and vegetate--big mistake. You can die of boredom or a feeling of uselessness. It's the 'use it or lose it' syndrome (Russell, Richard. Dow Theory Letters. September 25, 1996. page 5.)."
Posted in Chart of the Day, DTRM, The Study of Failure