Below are the valuation targets for Aaron’s (AAN) for the next 10 years. Continue reading
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Category Archives: Altimeter
3M Co. 10-Year Targets
Below are the valuation targets for 3M Company (MMM) for the next 10 years. Continue reading
1st Source 10-Year Targets
Below are the valuation targets for 1st Source (SRCE) for the next 10 years. Continue reading
W.W. Grainger Update
On September 19, 2018, we said that W.W. Grainger (GWW) had downside targets of $295.55, $209.30, & $123.05. By October 16, 2018, GWW had smashed through the conservative downside target of $295.55.
While the Speed Resistance Lines (SRL) are guides for downside risk, the Altimeter continues to provide the needed insight on where we are with GWW on a valuation basis. Continue reading
Toro Co. 10-Year Targets
Below are the valuation targets for Toro Co. (TTC) for the next 10 years. Continue reading
Westlake Chemical Corp. 10-Year Targets
Below are the valuation targets for Westlake Chemical Corp. (WLK) for the next 10 years.
Applied Materials 10-Year Targets
Below are the valuation targets for Applied Materials (AMAT) for the next 10 years. Continue reading
A.O. Smith 10-Year Targets
Below are the valuation targets for A.O. Smith (AOS) for the next 10 years. Continue reading
Posted in 10-year Targets, Altimeter, AOS
ABM Industries 10-Year Targets
Below are the valuation targets for ABM Industries (ABM) for the next 10 years. Continue reading
Polaris Industries 10-Year Targets
Below are the valuation targets for Polaris Industries (PII) for the next 10 years. Continue reading
Bank of Hawaii 10-Year Targets
Below are the valuation targets for Bank of Hawaii (BOH) for the next 10 years. Continue reading
GE Altimeter
Below is an updated Altimeter for General Electric (GE).
Posted in Altimeter, GE, General Electric
Starbucks Revised Altimeter
Below is the revised Altimeter for Starbucks (SBUX).
Starbucks Altimeter
We’ve been watching the fascinating price action of Starbucks (SBUX) since it first appeared on our watch list dated November 10, 2017.
In the period from April 6, 2010 to October 28, 2015, the price of SBUX has increased as much as +418%. This is an exceptional return within a confirmed bull market. Of course, this all falls apart in a bear market and this consideration must be kept in the back your mind when thinking about the future prospects.
Since October 28, 2015, SBUX has traded in a range. However, when looking at SBUX from a different angle, we can see that without a doubt that there are significant changes taking place. Below is the Altimeter for Starbucks (SBUX). We believe that this perspective on the stock clarifies the relative position of SBUX.
Review: Consolidated Edison
On May 18, 2018, Consolidated Edison (ED) fell to a one year low. This is a stock that we had evaluated back in September 2014, when ED was trading at $57.60. At the time, we said the following:
“Based on the Altimeter, ED is considered to be fairly valued at $54.18. This fair value is strikingly similar to the Value Line [Investment Survey] assessment. Also, according to the Altimeter, ED is considered undervalued at or below $44.00. Since 1970, there have been six instances where ED has been undervalued and went to the opposite extreme of being overvalued.
Using the above Altimeter, our observation is that Consolidated Edison has had the tendency to decline from each peak to the corresponding undervalued level without exception. Naturally, this may be the occasion when the exception occurs. Until that time comes, we’re of the view that ED will decline to the lower ascending line by mid- to late 2015. By that time, ED could be undervalued at the $50 level.”
Fast forward to the new 52-week low and we see ED trading at $73.55. This begs the most obvious question, where did we go wrong? After all, we missed out in nearly +78% of total returns in 4 years. Below are the two most glaring errors that we made with many others waiting to be revealed.