Bank of Hawaii 10-Year Targets

Below are the valuation targets for Bank of Hawaii (BOH) 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 →

Target Corp. 10-Year Targets

Below are the valuation targets for Target Corp. (TGT) for the next 10 years. Continue reading →

ABM Industries 10-Year Targets

Below are the valuation targets for ABM Industries Inc. (ABM) for the next 10 years. Continue reading →

Martin Marietta Materials 10-Year Targets

Below are the valuation targets for Martin Marietta Materials (MLM) for the next 10 years. Continue reading →

Investors Title Cyclical Trends

Illiquid as the stock is, we outline the cyclical trends in Investors Title Company (ITIC) from 1986 to the present. The fundamentals are exceptional for Investors Title however, the technicals are needed to temper excessive enthusiasm. Continue reading →

3M 10-Year Targets

Below are the valuation targets for 3M Company (MMM) for the next 10 years. Continue reading →

3M Achieves Extreme Downside Target

On October 18, 2018, we posted 10-Year price targets for 3M (MMM) when the stock was trading at $196.80. At the time, we had estimated 2020  extreme undervalued $141.18.

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Since October 18, 2018, 3M has had a closing low of $117.87 on March 23, 2020.

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see also: All 10-Year Targets

Starbuck’s 10-Year Targets

Below are the valuation targets for Starbucks Corp. (SBUX) for the next 10 years. Continue reading →

Tanger Factory Outlet Q1 2020 Chart

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Industry representatives say that steadiness of FFO is more reflective of a REIT’s health.  For the purposes of determining the future direction of the stock price, we prefer the wide variability of the net income figure. (data source)

see also:

Simon Property Group Q1 2020 Chart

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Industry representatives say that steadiness of FFO is more reflective of a REIT’s health.  For the purposes of determining the future direction of the stock price, we prefer the wide variability of the net income figure. (data source)

see also:

Toro Co. 10-Year Targets

Below are the valuation targets for The Toro Company (TTC) for the next 10 years. Continue reading →

U.S. Dividend Watch List: May 8, 2020

Prior Year Watch List Review (May 10, 2019)

The best performing strategy from last year was low yield. While the S&P 500 rose +1.70%, the Dow lost -6.20%. Companies with low yield such as Rollins (ROL) and Becton Dickinson (BDX) rose +16% and +13%, respectively.

Interestingly, the high yield strategy would have set you back -41% with the majority of the losses driven from Occidental Petroleum (OXY) and Gap (GPS) which lost -73% and -67%, respectively.

May 10, 2019
Strategy High Low
Yield -41.0% -5.2%
P/E -7.9% -25.0%
Payout Ratio -14.9% -18.8%
P/B -7.7% -30.5%
Closest to Low   -40.5%
S&P 500   1.7%
Dow Jones Ind   -6.2%
Top 5 companies except for Index

U.S. Dividend Watch List May 8, 2020

What a strange time we are living in. The unemployment rate skyrocketed to level no one had seen before.

April 2020 Unemployment

Meanwhile, the market continued to crawl its way back, with the major indexes such as the S&P 500 hitting positive territory since last year. It’s difficult to determine if this rebound is for real but we continued to ask the question, is this situation more dire than the financial crisis where the market fell more than -50%?

Below are 10 companies on our watch list. Continue reading →

Federal Realty Q1 2020 Chart

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Industry representatives say that steadiness of FFO is more reflective of a REIT’s health.  For the purposes of determining the future direction of the stock price, we prefer the wide variability of the net income figure. (data source)

EPR Properties Data

Below is the Year-over-Year quarterly change in data for EPR Properties (EPR) from 2016 to 2020.

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The trend appears clear.  The only question is whether the peak in the price in 2016 is reflected in the peak in revenue and FFO in 2018.