NEW LOW OBSERVER

Chart of the Day: Attis Industries

Posted on January 6, 2019 by nlo-admin | Leave a comment

According to Yahoo!Finance, “Attis Industries, Inc., a technology company, focuses on biomass innovation and healthcare technologies. The company operates in two divisions, Technologies and Innovation. The Technology division focuses on providing patient care services; diagnostic and therapeutic solutions for patients and healthcare providers; and products and services in various areas, including hospital consulting services for laboratory and emergency department, polymerase chain reaction molecular testing, pharmacogenetics testing, and medication therapy management. This division also offers Bright City, a mobile application that enables towns, cities, and municipalities to communicate directly. The Innovation division focuses on producing materials and fuels from renewable sources. The company was formerly known as Meridian Waste Solutions, Inc. and changed its name to Attis Industries, Inc. in April 2018. Attis Industries, Inc. was incorporated in 1993 and is headquartered in Milton, Georgia.”

The Study of Failure

“We intuitively know the value of not being hard on children who fail. What parent will scold an infant who stumbles while learning to walk or yell at the 7-year-old who falls during early attempts to master a two-wheeler? When children are young, we encourage all efforts and soothe their feelings when they meet defeats, yet as they grow older we begin to focus on success and lose our tolerance for their failures. (Levine, Frederic A. "WESTCHESTER OPINION; Failures Offer Lessons on Winning." New York Times, 7 Jan. 1990. Infotrac Newsstand, Accessed 17 Dec. 2018.)”

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Posted in ATIS, Chart of the Day, The Study of Failure

Torchmark Corp. 10-Year Targets

Posted on January 5, 2019 by nlo-admin | Leave a comment

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

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Posted in 10-year Targets, Altimeter, TMK

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Brookfield Infrastructure Partners 10-Year Targets

Posted on January 5, 2019 by nlo-admin | Leave a comment

Below are the valuation targets for Brookfield Infrastructure Partners (BIP) for the next 10 years.

Our valuation targets for Brookfield Infrastructure Partners (BIP) in 2019 are:

$52.56 (overvalued)
$41.55 (fair value)
$30.53 (undervalued)
$20.52 (extreme undervalue)

The valuation targets for Brookfield Infrastructure Partners (BIP) are based on a dividend growth rate of 6.50% which is derived from the lowest calculated growth rate as indicated in Value Line Investment Survey dated October 12, 2018 and applied to Edson Gould’s Altimeter. A graphical representation of the overvalued, fair value, and undervalued levels are below.

The above Altimeter translates into the following undervalued and overvalued ranges since 2008:

10-Year Targets

Year	Undervalued	Fair Value	Overvalued	Extreme Undervalue
2018	$28.67	$39.01	$49.35	$19.27
2019	$30.53	$41.55	$52.56	$20.52
2020	$32.52	$44.25	$55.97	$21.86
2021	$34.63	$47.12	$59.61	$23.28
2022	$36.88	$50.19	$63.49	$24.79
2023	$39.28	$53.45	$67.61	$26.40
2024	$41.83	$56.92	$72.01	$28.12
2025	$44.55	$60.62	$76.69	$29.95
2026	$47.45	$64.56	$81.67	$31.89
2027	$50.53	$68.76	$86.98	$33.96
2028	$53.82	$73.23	$92.64	$36.17
2029	$57.32	$77.99	$98.66	$38.52
2030	$61.04	$83.06	$105.07	$41.03
2031	$65.01	$88.45	$111.90	$43.69

Observations

Based on our work, Brookfield Infrastructure Partners (BIP) has an expected price range of $34.63-$67.61 by 2021-2023. Value Line Investment Survey has targets of $40 to $55 in the 2021-2023 period.

Last updated: January 5, 2019

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Posted in 10-year Targets, Altimeter, BIP

Dow’s Theory on True Value

Posted on January 5, 2019 by nlo-admin | Leave a comment

Charles H. Dow’s version of “Only when the tide goes out do you discover who's been swimming naked.”

"...while good and bad stocks rise and fall together with general conditions, and each stock has its own independent movement, and, as the outcome of a series of advances and declines, will invariably reach an approximation to its true value from the standpoint of an investor or permanent holder (Dow, Charles H. Wall Street Journal. Review and Outlook. May 26, 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).”

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Posted in Dow's Value Theory

Chart of the Day: Microbot Medical

Posted on January 5, 2019 by nlo-admin | 1 comment

According to Yahoo!Finance, “Microbot Medical Inc., a pre-clinical medical device company, researches, designs, and develops micro-robotics assisted medical technologies targeting the minimally invasive surgery space.”

The Study of Failure

“The 256-page document reprimanded the space agency's Marshall Space Flight Center in Huntsville, Ala., for trying to 'contain potentially serious problems' and for urging rocket maker Morton Thiokol Inc. to reverse its position against launching the shuttle in cold weather. 'A well structured and managed system emphasizing safety' would have detected mounting concerns about the desn of booster rocket seals and the fatal launch might have been averted, the report said. ("The Rogers Commission, calling the Challenger disaster 'an accident..." UPI Archive: Washington News, 9 June 1986. Infotrac Newsstand, Accessed 17 Dec. 2018.)”

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Posted in Chart of the Day, MBOT, The Study of Failure