Below are the valuation targets for Standex International Corp. (SXI) for the next 10 years. Continue reading
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Chart of the Day: Globalstar Inc.
Yahoo!Finance describes Globalstar Inc. as, “…Globalstar, Inc. provides mobile satellite voice and data services worldwide. The company offers duplex two-way voice and data products, including mobile voice and data satellite communications services and equipment for remote business continuity, recreational, emergency response, and other applications; fixed voice and data satellite communications services and equipment in rural villages, ships, industrial and commercial sites, and residential sites; and satellite data modem services comprising asynchronous and packet data services.”
The Study of Failure
"That which is not worth doing is not worth doing well (Roger Lowenstein. Buffett: The Making of an American Capitalist. Random House. 1995. page 286)."
Posted in Chart of the Day, GSAT, The Study of Failure
Gold Stock Indicator: October 2018
On April 14, 2011, in our very first attempt at understanding Edson Gould’s Speed Resistance Lines, when the Philadelphia Gold and Silver Stock Index (XAU) was within 6 trading days of the top, we said the following:
“Based on the most recent high of 228.95 the downside target for the XAU index is 76.32. We recommend that whenever the XAU index falls at or below the speed resistance line drawn on the chart, between now and just before 2028, as part of the secular rising trend in interest rates/inflation, we would expect that the stocks in the index are underpriced. Confirmation of fair values should be determined for possible speculative positions at these times.”
The chart below reflects the April 14, 2011 level and the projected downside target and is contrasted with the actual low attained, so far.
The most obvious failure is the fact that the XAU Index declined to 38.84 instead of the 76.32 level, by early 2016. Additionally, we did not arrive at a timeframe that was useful to traders or investors in gold and silver stocks.
Below, we’re going to use the same methodology of projecting price targets for both the price of gold and the XAU Index. However, in this review, we’ll be focused on what the upside targets are from the current levels.
Let it be known that the downside target for gold is $1,049.40 and for the XAU Index is 38.84, until proven otherwise. We believe a reasonable market participant should be willing to accept that both levels will retest the prior low before moving higher. Continue reading
Cass Information Systems 10-Year Targets
Below are the valuation targets for Cass Information Systems (CASS) for the next 10 years. Continue reading
Caterpillar Inc. 10-Year Targets
Below are the valuation targets for Caterpillar Inc. (CAT) for the next 10 years. Continue reading
Chart of the Day: iPass Inc.
According to Yahoo!Finance, iPass is a provider of , “…mobile connectivity that enables Wi-Fi access on various mobile devices in the United States and internationally. It offers mobile connectivity services that provide cloud-based solution allowing customers and their users access to its Wi-Fi network to stay connected to the people and information.”
The Study of Failure
"It seems possible that the same creative destruction process fueled by successful ventures may also be fueled by unsuccessful ventures. In short, the process may be blind to the outcome of a particular venture. If so, then failed entrepreneurs may be as heroic as successful entrepreneurs (Knott, Anne Marie, and Hart E. Posen. “Is Failure Good?” Strategic Management Journal, vol. 26, no. 7, 2005, pp. 617–641. JSTOR, JSTOR, www.jstor.org/stable/20142255."
Posted in Chart of the Day, IPAS, The Study of Failure
Schlumberger 10-Year Targets
Below are the valuation targets for Schlumberger (SLB) for the next 10 years. Continue reading
Posted in 10-year Targets, Altimeter, SLB
Amazon.com Downside Targets
On October 25, 2018, in after-hours trading, Amazon.com (AMZN) was trading down to the level of $1,664.00.
We’ve tried the Speed Resistance Lines on this stock in the past and it is one of the few that has not achieved the conservative downside target. In spite of previous failures, here we go with the minimum downside target for AMZN, let’s watch as it defies (again), our minimum target of $969.28.
Posted in AMZN, Edson Gould, Speed Resistance Lines, SRL, The Study of Failure
Align Technologies Downside Targets
Below are the downside targets for Align Technologies (ALGN) based on the high of $392.98.
The price movement of ALGN from the 2008 low to the current level is staggering. This partially explains why the reaction is, and should be, devastating for those who bought the stock within the last several months. Our experience has been that the $156.64 will be achieved, at minimum.
Posted in ALGN, Edson Gould, Speed Resistance Lines, SRL
Investment Guide to NLO 10-Year Targets
Recently we have been adding 10-Year Targets for estimating the future undervalued, overvalued, and fair valued levels of specific stocks.
To help clarify the reasons why we have done this, we are providing an example from a Value Line Investment Survey dated December 4, 1998 to capture data from within the two stock market crashes of 1999 to 2001 (2003) and 2007 to 2009.
The sample stock that we have used is Bank of Hawaii (BOH) which was known as Pacific Century Financial at the time. In the Bank of Hawaii (BOH) example that we have provided from 1998, we have run exactly the same numbers as in the 10-Year Targets for the stock from 2018 to 2029. Continue reading
Posted in 10-year Targets, BOH
Illinois Tool Works 10-Year Targets
Below are the valuation targets for Illinois Tool Works (ITW) for the next 10 years. Continue reading
Chart of the Day: U.S. Global Investors
Yahoo!Finance describes U.S. Global Investors (GROW) as, “…a publicly owned investment manager. The firm primarily provides its services to investment companies. It also provides its services to pooled investment vehicles.”
The Study of Failure
"Failing actually is a good thing. When we pay attention to what went wrong, and why, it only and invariably prepares us to succeed in the future (Ferguson, Maria. “Failure IS an Option.” The Phi Delta Kappan, vol. 95, no. 4, 2013, pp. 68–69. JSTOR, JSTOR, www.jstor.org/stable/23611840.
Posted in Chart of the Day, GROW, The Study of Failure
Merck 10-Year Targets
Below are the valuation targets for Merck (MRK) for the next 10 years. Continue reading
AMD Downside Targets
In after-hours activity, Advanced Micro Devices (AMD) had declined approximately -17% from the closing price of $22.79 to $17.69.
The history of AMD suggests that the stock will decline as low as $6.30 and possibly to the sub-$2.00 level. For the time being, we have outlined the following downside targets:
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$14.06
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$10.91
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$6.30
Posted in After Hours, AMD, Edson Gould, Speed Resistance Lines, SRL
Diversification: Dow 30 and the Others
It was another tough day for the market, with broad based declines in every direction. On the diversification front, it was another day in which the Dow Jones Industrial Average lost less than the many broader indexes like the S&P 500 and Russell 2000.
Diversification is intended to reduce loss in exactly the kind of market we’re experiencing. So what’s going on?
Posted in diversification