NCAV Companies For the Value Investor One of Benjamin Graham’s most famous techniques is to invest in Net Current Asset Value (NCAV) companies. Such companies tend to be severely beaten down by the market to a point where they may be of more value to the investor if they were completely liquidated; however there is often…
The Federal Reserve could be six weeks away from raising rates. The FOMC statement from the end of last month appeared to have lowered the bar of a move. It called the recent improvement in the labor market as “solid” and wanted to see “some” more. The Bloomberg consensus increase of 225k increase in the…
Have you been eager to see how Health Care REIT, Inc. (HCN – Analyst Report) performed in Q2 in comparison with the market expectations? Let’s quickly scan through the key facts from this Toledo, OH-based, real estate investment trust’s (“REIT”) earnings release this morning: An FFO Beat Health Care REIT came out with normalized funds from operations (“FFO”) per…
Here is a summary of the four market valuation indicators we update on a monthly basis. The Crestmont Research P/E Ratio (more) The cyclical P/E ratio using the trailing 10-year earnings as the divisor (more) The Q Ratio, which is the total price of the market divided by its replacement cost (more) The relationship of…
Today the NYSE is 56 points from a “death cross.” That’s something we discussed regarding the Dow on Friday, so we won’t get all into it again just because another major index looks like it’s about to flash a major bearish signal – it’s just something else we can enjoy ignoring while we wait to see…
Ever bought medicines or cosmetics over the counter? Yes, then you may have walked into one of the 7,700 retail CVS/pharmacy stores of the largest pharmacy healthcare services provider in the U.S. – CVS Health Corporation (CVS – Analyst Report). This Rhode Island-based company’s more than 900 walk-in medical clinics–CVS/MinuteClinic currently possess a customer satisfaction rate of 95%. Currently,…
Apple is down 12% from exuberant earnings highs just a few days ago and has broken below a crucial technical support level at its 200-day moving average (something it has not done in over 2 years). While the parade of bullish analysts and fan boys continues to have faith that Apple TV, iCar, or iWatch will…
Econintersect: CoreLogic’s Home Price Index (HPI) shows that home prices in the USA are up 6.5% year-over-year (reported up 1.7% month-over-month). There is considerable backward revision in this index which makes monthly reporting problematic. CoreLogic HPI is used in the Federal Reserves’s Flow of Funds to calculate the values of residential real estate. This is…
Private nonfarm payrolls in the US are projected to increase by 227,000 (seasonally adjusted) in tomorrow’s July update of the ADP Employment Report, based on The Capital Spectator’s average point forecast for several econometric estimates. The average projection is modestly below June’s increase. Two estimates based on recent surveys of economists point to a slightly…
