Below are the valuation targets for Weyco Group (WEYS) for the next 10 years. Continue reading
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Chart of the Day: ReWalk Robotics
According to Yahoo!Finance, “ReWalk Robotics Ltd., a medical device company, designs, develops, and commercializes exoskeletons for wheelchair-bound individuals with mobility impairments or other medical conditions. The company offers ReWalk Personal for everyday use to paraplegic individuals at home and in their communities; and ReWalk Rehabilitation for exercise and therapy used in hospitals and rehabilitation centers in the United States and Europe.”
The Study of Failure
"To the scientist who is striving toward a goal, the feedback from failure is just as important as the feedback from success (Barth, Roland S. “Science: Learning Through Failure.” The Elementary School Journal, vol. 66, no. 4, 1966, pp. 200–207. JSTOR, JSTOR, www.jstor.org/stable/1000024.)."
Posted in Chart of the Day, RWLK, The Study of Failure
Northwest Natural Gas 10-Year Targets
Below are the valuation targets for Northwest Natural Gas (NWN) for the next 10 years. Continue reading
John Wiley and Sons 10-Year Targets
Below are the valuation targets for John Wiley & Sons (JW-A) for the next 10 years. Continue reading
Williams-Sonoma Inc. 10-Year Targets
Below are the valuation targets for Williams-Sonoma Inc. (WSM) for the next 10 years. Continue reading
Chart of the Day: India Globalization Capital
According to Yahoo!Finance, “India Globalization Capital, Inc. engages in the development and commercialization of cannabis-based therapies to treat Alzheimer's, pain, nausea, eating disorders, several end points of Parkinson's, and epilepsy in humans, dogs, and cats.”
The Study of Failure
"But if we think of the general conditions of failure by contrasting them with those of success, we are likely to find that much American literature achieves its vitality by a conscientious labor to transform the mere state of failure into the artistic success of forms and pageants: it learns a style not from a despair but from an apparent failure (Donoghue, Denis. “The American Style of Failure.” The Sewanee Review, vol. 82, no. 3, 1974, pp. 407–432. JSTOR, JSTOR, www.jstor.org/stable/27542853.)."
Posted in Chart of the Day, IGC, The Study of Failure
Chart of the Day: Bayside Corporation
According to Yahoo!Finance, “Bayside Corporation focuses on infrastructure around the crypto-asset and blockchain ecosystems. The company's Blockchain branded CTMS provides a way to buy and sell bitcoin for cash, as well as allows purchasing digital currency without a bank account, debit card, or credit card.”
The Study of Failure
"Children are afraid at school, and they are afraid because they are taught in an atmosphere where failure is defined as 'dishonorable' and 'humiliating' rather than as an obstacle which generates constructive questioning and learning. In such a system children become motivated by a 'success' which is primarily based upon adult, or more specifically, teacher approval, rather than self accomplishment (Gever, Benson E. “Failure and Learning Disability.” The Reading Teacher, vol. 23, no. 4, 1970, pp. 311–317. JSTOR, JSTOR, www.jstor.org/stable/20196311.)."
Posted in BYSD, Chart of the Day, The Study of Failure
Dollarama 10-Year Targets
Below are the valuation targets for Dollarama (DOL.TO) for the next 10 years. Continue reading
2018 Book List
Below are the books that we’ve read cover-to-cover in 2018. The accompanying links will take you to Amazon.com if you’re interested in buying the books. Don’t forget to check out our 2017, 2016 and Dow Theory Letters book lists.
The top three must read books from the latest list are:
The above three books are highlighted in bold red.
Dow Theory Letters Book List
Richard Russell was a legendary Dow Theorist and stock market commentator. Russell wrote the Dow Theory Letters for over 55 years from 1958 to 2015. Using Dow theory, Russell accurately called the top of the market in 1966, the bottom of the market in 1974, and the top of the market in 2007 (Barron's article November 2007.)
With such a record, we find it useful and necessary to list the majority of books that Richard Russell had mentioned in Dow Theory Letters. Some of the books related to the stock market and others are about health, politics or life in general (a small number of books added by us). Continue reading
Posted in book, book list, Richard Russell
Dow’s theory on the Shareholder
Charles H. Dow’s view on the role of shareholders
"...some managers look upon the properties which they manage as their own and upon the information which comes to them as personal perquisites, and disregard altogether the fact that they may be merely operating the property for the real owners (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: Nebraska Book Holdings
According to Yahoo!Finance, “Nebraska Book Holdings, Inc., through its subsidiaries, operates in the college bookstore industry in North America. It sells used textbooks to college bookstore operators; buys them back from students or college bookstores at the end of college semester; and resells them to college bookstores.”
The Study of Failure
"That failure, its threat and its occurrence, is endemic to social organization and social life is a truism about which both sociologists and laymen alike can concur. Yet, as a socially problematic phenomenon it is one to which sociologists themselves, as in the case of sport generally, have given relatively scant attention or consideration (Ball, Donald W. “Failure in Sport.” American Sociological Review, vol. 41, no. 4, 1976, pp. 726–739. JSTOR, JSTOR, www.jstor.org/stable/2094846.)."
Posted in Chart of the Day, NEEB, The Study of Failure
Canadian Watch List: November 2018
TSX 60 Performance Review
Below is the performance review of the Dogs of the TSX 60 stocks since December 13, 2017:
The entire list of stocks in each category has done an about face in terms of performance. In our previous posting on September 23, 2018, the Toronto Stock Exchange (TSX) was the best performing category. However, since September 2018, the “high p/b” category has ended up in the plus column while the TSX is now in the negative.
Another curious change is that the “high yield” group is exceeding the “low p/b” and “low p/e” categories but is still unable to exceed the performance of the “low yield” set of stock, as has been the case throughout the year since our December 13, 2017 list was created.
Below is a list of the various stocks within each category and their respective performance since December 13, 2017.
| low p/e | 12/13/2017 | 11/30/2108 | % chg | high p/e | 12/13/2017 | 11/30/2018 | % chg | |
| ABX.TO | $17.91 | $17.03 | -4.91% | K.TO | $5.11 | $3.66 | -28.38% | |
| POW.TO | $32.24 | $26.41 | -18.08% | WPM.TO | $27.31 | $20.83 | -23.73% | |
| ARX.TO | $14.77 | $9.19 | -37.78% | DOL.TO | $52.75 | $34.66 | -34.29% | |
| BNS.TO | $82.85 | $72.22 | -12.83% | AEM.TO | $54.34 | $46.11 | -15.15% | |
| SLF.TO | $52.32 | $48.74 | -6.84% | FNV.TO | $98.10 | $90.74 | -7.50% | |
| CVE.TO | $11.92 | $9.62 | -19.30% | QSR.TO | $79.31 | $77.74 | -1.98% | |
| CM.TO | $120.19 | $110.68 | -7.91% | AGU.TO | merged | merged | 0.00% | |
| BMO.TO | $100.88 | $98.43 | -2.43% | POT.TO | merged | merged | 0.00% | |
| TECK-B.TO | $30.68 | $26.88 | -12.39% | BAM-A.TO | $56.59 | $58.07 | 2.62% | |
| HSE.TO | $16.04 | $15.93 | -0.69% | CSU.TO | $780.92 | $933.65 | 19.56% | |
| avg. | -12.32% | avg. | -8.89% | |||||
| low p/b | 12/13/2017 | 11/30/2108 | % chg | high p/b | 12/13/2017 | 11/30/2018 | % chg | |
| ELD.TO | $1.61 | $0.75 | -53.42% | BCE.TO | $62.82 | $57.09 | -9.12% | |
| G.TO | $15.66 | $12.37 | -21.01% | FNV.TO | $98.10 | $90.91 | -7.33% | |
| POW.TO | $32.24 | $26.41 | -18.08% | SAP.TO | $44.83 | $40.48 | -9.70% | |
| CPG.TO | $8.80 | $3.86 | -56.14% | GIL.TO | $41.25 | $43.73 | 6.01% | |
| CCO.TO | $13.40 | $15.86 | 18.36% | QSR.TO | $79.31 | $77.84 | -1.85% | |
| YRI.TO | $3.28 | $2.81 | -14.33% | ATD-B.TO | $66.90 | $69.47 | 3.84% | |
| CVE.TO | $11.92 | $11.92 | 0.00% | RCI-B.TO | $65.16 | $70.72 | 8.53% | |
| FM.TO | $16.55 | $12.10 | -26.89% | CNR.TO | $103.45 | $114.42 | 10.60% | |
| TECK-B.TO | $30.68 | $26.88 | -12.39% | CP.TO | $230.75 | $280.96 | 21.76% | |
| HSE.TO | $16.04 | $15.93 | -0.69% | CSU.TO | $780.92 | $933.65 | 19.56% | |
| avg. | -18.46% | avg. | 4.23% | |||||
| low yield | 12/13/2017 | 11/30/2108 | % chg | high yield | 12/13/2017 | 11/30/2018 | % chg | |
| ABX.TO | $17.91 | $17.03 | -4.91% | BCE.TO | $62.82 | $57.09 | -9.12% | |
| DOL.TO | $52.75 | $34.66 | -34.29% | IPL.TO | $27.67 | $21.28 | -23.09% | |
| G.TO | $15.66 | $12.35 | -21.14% | EMA.TO | $47.89 | $44.53 | -7.02% | |
| YRI.TO | $3.28 | $2.81 | -14.33% | TRP.TO | $62.87 | $54.00 | -14.11% | |
| ATD-B.TO | $66.90 | $69.47 | 3.84% | POW.TO | $32.24 | $26.41 | -18.08% | |
| L.TO | $68.37 | $60.95 | -10.85% | ENB.TO | $49.58 | $43.36 | -12.55% | |
| FM.TO | $16.55 | $12.10 | -26.89% | CPG.TO | $8.80 | $3.86 | -56.14% | |
| TECK-B.TO | $30.68 | $26.88 | -12.39% | PPL.TO | $45.00 | $44.52 | -1.07% | |
| ECA.TO | $15.11 | $9.05 | -40.11% | T.TO | $48.69 | $47.57 | -2.30% | |
| CSU.TO | $780.92 | $933.65 | 19.56% | CM.TO | $120.19 | $110.68 | -7.91% | |
| avg. | -14.15% | avg. | -15.14% |
Below is the November 2018 Watch List and the 10-Year Targets for Power Corporation of Canada. Continue reading
Posted in 10-year Targets, Altimeter, Canadian Dividend Watch List, Dogs of the TSX, POW.TO
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Xcel Energy 10-Year Targets
Below are the valuation targets for Xcel Energy (XEL) for the next 10 years. Continue reading
Chart of the Day: XpresSpa
According to Yahoo!Finance, “XpresSpa Group, Inc. operates as a health and wellness services company in the United States and internationally. It operates through two segments, Wellness and Intellectual Property. The Wellness segment offers airport retailer spa services; massage services for the neck, back, feet, and whole body; nail care, such as pedicures, manicures, and polish changes; travel products, including neck pillows, blankets, and massage tools; and cryotherapy, compression, and personal care services, as well as retail products. This segment offers its wellness and travel products through its Website, xpresspa.com. The Intellectual Property segment engages in the monetization of patents related to content and ad delivery, remote monitoring, and computing technologies.”
The Study of Failure
"The narrator in ‘The Wife’ relates the story of a husband who feared telling his wife of his business failure because he assumed she could not cope with changed living circumstances that would result from his financial losses. In the end, the wife was relieved to know her husband's troubles, helped him secure a modest cottage outside of the city, and began arranging their new home. (Foroughi, Andrea R. “Vine and Oak: Wives and Husbands Cope with the Finanacial Panic of 1857.” Journal of Social History, vol. 36, no. 4, 2003, pp. 1009–1032. JSTOR, JSTOR, www.jstor.org/stable/3790361.)"
Posted in Chart of the Day, The Study of Failure, XSPA