Sound bite for Twitter and StockTwits is: My total return is quite good. Because I expect it to be a dividend growth stock again, I am still holding this stock. A lot of stocks have had trouble with the transition from an Income Trust to a Corporation. This company is growing. See my spreadsheet at wsp.htm.
I own this stock of WSP Global Inc. (TSX-WSP, OTC- WSPOF). In Sept 2011 I rationalized my portfolio. I sold stocks that did not make it into my core and bought stocks that could of the same type. In this case selling Stantec and buying Genivar. In October 2011 I wanted to sell Enerflex because it is not a company I bought but a distribution from Toromont. I bought more Genivar, now called WSP Global.
This is another stock that was an income trust and has since changed to a corporation. Since deciding to change to a corporation, it has not raised the dividend. It has been at $1.50 annually per share since 2009. However, they have made a couple of special dividend payments.
Their problem is that they are paying out a too high a percentage of their earnings. The Dividend Payout Ratio for 2014 is 153% and the 5 year median DPR for EPS is 95%. The DPR for CFPS is better with a DPR for 2014 at 83% with a 5 year median value of 66%. Analysts expect better for 2015 with DPRs for EPS at around 73% and for CFPS at around 45%. Analysts also expected better DPRs for EPS for 2014, but this did not happen.
The dividend yield is still fairly good at 3.47%. I am making a dividend yield of 6.07%, which was the dividend yield I was getting when I bought this stock. I have only held this stock for 3.6 years and I have made $5.38 in dividends per share. This would be 22.7% of the original cost which was $23.64 per share.
My total return to date is 26.53% per year with 18.43% per year from capital gains and 8.10% per year from dividends. I certainly cannot complain about by total return, but I do prefer stocks that raise their dividends. The 5 and 10 year total returns are good with them being at 11.84% and 23.25% per year over these periods. The portion of these returns from capital gains is at 7.29% and 15.78% per year. The portion of these returns from dividends is at 4.54% and 7.47% per year.
Outstanding shares have increased by 37% and 30% per year over the past 5 and 10 years. The increase is mainly due to the issuance of shares, but some are also issued under a DRIP plan. Revenue growth is good, Earnings growth are non-existent to moderate to good and Cash Flow growth is non-existent to low to good. This company only went public in 2006, so I have 8 to 9 years of data rather than 10 years. There is some data from 2005.
Revenue is up by 43% and 41% per year over the past 5 and 9 years. Revenue per Share is up by 4.4% and by 10.8% per year over the past 5 and 9 years. Analysts are expecting revenue to increase by around 86% in 2015 and then have more moderate increases after. Revenue is up by 25% if you compare 12 month Revenue to the end of 2014 and 12 month Revenue to the end of the first quarter.
A number of analysts are using a Net Revenue for this stock. The growth in Net Revenue is similar to Revenue with Net Revenue up by 43% and 43% per year over the past 5 and 9 years. The growth in Net Revenue per Share is at 4% and 11.9% per year over the past 5 and 9 years.
EPS is down by 13.8% and up by 6.8% per year over the past 5 and 8 years. Earnings or Net Income is better with increases of 15% and 235 per year over the past 5 and 8 years. Analysts expect a good increase in EPS for 2015. For this year they expect EPS of $2.05. For 2014 the EPS expected was $1.77 and they came in at $0.98. EPS was down slightly for the first quarter of 2015. So EPS has yet to go in the expected direction.
Cash Flow is up by 17% and 32% per year over the past 5 and 8 years. CFPS is down by 15% and up by 1.8% per year over the past 5 and 8 years. Analysts expect cash flow to increase about 32% in 2015. Cash Flow is up by 23% if you compare 12 month Cash Flow to the end of 2014 and 12 month Cash Flow to the end of the first quarter. This is going in the expected direction.
The Return on Equity was above 10% until the last 3 years. The ROE for 2014 was just 2.9% and it has a 5 year median value of 7.2%. The ROE on comprehensive income for 2014 is even lower at 2.2%, but its 5 year median is 10%.
The debt ratios are fine with the Leverage and Debt/Equity Ratios coming in a bit high and the Liquidity Ratio coming in a bit low in 2014. The Liquidity Ratio for 2014 is 1.30. If I add in cash flow after dividends the ratio is not much better at 1.36. I prefer this ratio to be 1.50. The 5 year median value is 1.55.
The Debt Ratio in 2014 is 1.77. Its 5 year median is 2.10. The ratio has been declining since the stock was issued. In 2016 this ratio was 4.14 and the decline stated in 2010. The Leverage and Debt/Equity Ratios for 2014 was 2.30 and 1.30. The 5 year median values are lower at 1.46 and 0.46. I prefer these ratios to be under 2.00 and under 1.00, respectively.
This is the first of two parts. The second part will be posted on Monday, June 8, 2015 and will be available here. The first part talks about the stock and the second part talks about the stock price.
WSP Global Inc. is an engineering services firm providing private and public-sector clients with a complete range of professional consulting services throughout all project phases, including planning, design, construction and maintenance. WSP now has global coverage. Its web site is here WSP Group.
This blog is meant for educational purposes only, and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.
See my website for stocks followed and investment notes. Follow me on Twitter or StockTwits.
Friday, June 5, 2015
Thursday, June 4, 2015
Ag Growth International 2
Sound bite for Twitter and StockTwits is: Price would seem expensive. I still think that this stock will do well in the longer term. However, it would seem at the moment the stock price is relatively expensive. Also the stock no longer has any momentum and seems to be trading in a range. See my spreadsheet at afn.htm.
I own this stock of Ag Growth International (TSX-AFN, OTC-AGGZF). I wanted to review all the income trust stocks touted in the Money Show of 2009. There was a lot of talk at this show about some of the Unit Trust being currently good buys with very good yields. Its median yield in 2009 was 7.9%. It was on the Canadian Dividend Aristocrats and this is why I first investigated this company.
Over the past year in insider trading, there was no insider buying and no insider selling. Outstanding shares were increased by 15,000 shares or 0.12% for stock options. These options had a book value o4 $0.7M and were worth around $0.9M at the end of 2014.
There is some insider ownership with the CEO owning shares worth around $7.6M and the chairman owning shares worth around $3.8M. These two own around 1.5% of the outstanding shares of the company.
The 5 year low, median and high median Price/Earnings per Share Ratios are 17.22, 21.44 and 28.08. The corresponding 10 year values are lower at 13.02, 18.86 and 24.27. The current P/E Ratio is 30.79 based on 2015 EPS estimate of $1.70 and a stock price of $52.35. This $1.70 2015 EPS estimate is a lot higher than the EPS of 2014 which was $0.31 and a lot lower than the 2016 EPS estimate of $3.27. Currently this stock price test says the stock price is relatively expensive.
I get a current Graham Price of $24.49. The 10 year low, median and high median Price/Graham Price Ratios are 1.00, 1.49 and 1.93. The current P/GP Ratio is 2.14 based on a stock price of $52.35. This stock price testing suggests that the stock price is relatively expensive.
I get a 10 year Price/Book Value per Share of 2.43. The current P/B Ratio is 3.34 a value some 27% higher. The current P/B Ratio is based on a stock price of $52.35 and BVPS of $15.68. This stock price testing suggests that the stock price is relatively expensive.
This stock used to be an Income Trust company, so I do not think that you can do any check of current dividend yield to historical dividend yields. However, the 5 year median dividend yield is 5.78% and the current dividend yield at 4.58% is some 21% lower. The current dividend yield is based on dividends of $2.40 and a stock price of $52.35. This stock price testing suggests that the stock price is relatively expensive.
The 10 year Price/Cash Flow per Share Ratio is 9.64. The current P/CF Ratio is 11.74 a value some 22% higher. The current P/CF Ratio is based on 2015 CFPS estimate of $4.46 and a stock price of $52.35. This stock price testing suggests that the stock price is relatively expensive.
It is only with Revenue that the stock price looks good. The 10 year Price/Sales Ratio is 1.69 and the current P/S Ratio is 1.22. The current P/S Ratio is based on 2015 Revenue estimate of $563M and Revenue per Share estimate of $42.76. The current P/S Ratio is some 28% lower than the 10 year P/S Ratio. This stock price testing suggests that the stock price is relatively cheap. However, current this stock only really has revenue growth. There is not much in EPS growth and only moderate cash flow growth.
When I look at analysts' recommendations, I find Strong Buy, Buy and Hold recommendations. The consensus would be a Buy as most of the recommendations are a Buy. The 12 month stock price consensus is $58.60. This implies a total return of $16.52% with 11.94% from capital gains and 4.58% from dividends. This is based on a current price of $52.35.
The acquisition of Westeel was announced in World-Gran.com recently. Analysts feel this is a positive for this company. The Legacy talks about analysts ratings on this stock.
This is the second of two parts. The first part was posted on Wednesday, June 03, 2015 and is available here. The first part talks about the stock and the second part talks about the stock price.
Ag Growth International (AGI) is a leading manufacturer of portable and stationary grain handling, storage and conditioning equipment, including augers, belt conveyors, storage bins, handling accessories and aeration equipment. AGI has manufacturing facilities in Canada, the United States, the United Kingdom and Finland. Its web site is here AG Growth.
This blog is meant for educational purposes only, and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.
See my website for stocks followed and investment notes. Follow me on Twitter or StockTwits.
I own this stock of Ag Growth International (TSX-AFN, OTC-AGGZF). I wanted to review all the income trust stocks touted in the Money Show of 2009. There was a lot of talk at this show about some of the Unit Trust being currently good buys with very good yields. Its median yield in 2009 was 7.9%. It was on the Canadian Dividend Aristocrats and this is why I first investigated this company.
Over the past year in insider trading, there was no insider buying and no insider selling. Outstanding shares were increased by 15,000 shares or 0.12% for stock options. These options had a book value o4 $0.7M and were worth around $0.9M at the end of 2014.
There is some insider ownership with the CEO owning shares worth around $7.6M and the chairman owning shares worth around $3.8M. These two own around 1.5% of the outstanding shares of the company.
The 5 year low, median and high median Price/Earnings per Share Ratios are 17.22, 21.44 and 28.08. The corresponding 10 year values are lower at 13.02, 18.86 and 24.27. The current P/E Ratio is 30.79 based on 2015 EPS estimate of $1.70 and a stock price of $52.35. This $1.70 2015 EPS estimate is a lot higher than the EPS of 2014 which was $0.31 and a lot lower than the 2016 EPS estimate of $3.27. Currently this stock price test says the stock price is relatively expensive.
I get a current Graham Price of $24.49. The 10 year low, median and high median Price/Graham Price Ratios are 1.00, 1.49 and 1.93. The current P/GP Ratio is 2.14 based on a stock price of $52.35. This stock price testing suggests that the stock price is relatively expensive.
I get a 10 year Price/Book Value per Share of 2.43. The current P/B Ratio is 3.34 a value some 27% higher. The current P/B Ratio is based on a stock price of $52.35 and BVPS of $15.68. This stock price testing suggests that the stock price is relatively expensive.
This stock used to be an Income Trust company, so I do not think that you can do any check of current dividend yield to historical dividend yields. However, the 5 year median dividend yield is 5.78% and the current dividend yield at 4.58% is some 21% lower. The current dividend yield is based on dividends of $2.40 and a stock price of $52.35. This stock price testing suggests that the stock price is relatively expensive.
The 10 year Price/Cash Flow per Share Ratio is 9.64. The current P/CF Ratio is 11.74 a value some 22% higher. The current P/CF Ratio is based on 2015 CFPS estimate of $4.46 and a stock price of $52.35. This stock price testing suggests that the stock price is relatively expensive.
It is only with Revenue that the stock price looks good. The 10 year Price/Sales Ratio is 1.69 and the current P/S Ratio is 1.22. The current P/S Ratio is based on 2015 Revenue estimate of $563M and Revenue per Share estimate of $42.76. The current P/S Ratio is some 28% lower than the 10 year P/S Ratio. This stock price testing suggests that the stock price is relatively cheap. However, current this stock only really has revenue growth. There is not much in EPS growth and only moderate cash flow growth.
When I look at analysts' recommendations, I find Strong Buy, Buy and Hold recommendations. The consensus would be a Buy as most of the recommendations are a Buy. The 12 month stock price consensus is $58.60. This implies a total return of $16.52% with 11.94% from capital gains and 4.58% from dividends. This is based on a current price of $52.35.
The acquisition of Westeel was announced in World-Gran.com recently. Analysts feel this is a positive for this company. The Legacy talks about analysts ratings on this stock.
This is the second of two parts. The first part was posted on Wednesday, June 03, 2015 and is available here. The first part talks about the stock and the second part talks about the stock price.
Ag Growth International (AGI) is a leading manufacturer of portable and stationary grain handling, storage and conditioning equipment, including augers, belt conveyors, storage bins, handling accessories and aeration equipment. AGI has manufacturing facilities in Canada, the United States, the United Kingdom and Finland. Its web site is here AG Growth.
This blog is meant for educational purposes only, and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.
See my website for stocks followed and investment notes. Follow me on Twitter or StockTwits.
Wednesday, June 3, 2015
Ag Growth International
On my other blog I am today writing about possible cheap dividend stocks for June 2015 continue...
Sound bite for Twitter and StockTwits is: Good Revenue Growth. I am hoping that the acquisition of Westeel will be good for this company. Most analysts seem to feel so. I am counting on this stock returning to a dividend growth stock in the future. In the meantime I am getting a good dividend at 4.6%. See my spreadsheet at afn.htm.
I own this stock of Ag Growth International (TSX-AFN, OTC-AGGZF). I wanted to review all the income trust stocks touted in the Money Show of 2009. There was a lot of talk at this show about some of the Unit Trust being currently good buys with very good yield. Its median yield in 2009 was 7.9%. It was on the Canadian Dividend Aristocrats and this is why I first investigated this company.
This is another income trust that I bought that was a dividend growth stock, but not so much after converting to a corporation. This stock converted to a corporation in 2009 and stopped rising their dividends in 2011. They still pay a good dividend but not as good as when I bought this stock. I originally got a dividend yield of 7.4% and now the current dividend yield is 4.6%. However, most analysts' expected the dividend yields on the old income trust to go to between 4% and 5% when they converted to corporations.
The other thing about the old income trust is that I have made an overall good return on them. My total return is 18.83% per year with 12.32% per year from capital gains and 6.51% per year from dividends. I have had this stock for 3.5 years and I have earned $8.20 in dividends per share and this is some 23% of the original purchase price of this stock. I am just waiting for them to become dividend growth stocks again.
I may have to wait a bit longer for this stock as the EPS cannot cover the dividends. Analysts' keeping expecting this company to earn more in EPS than dividend payments but this has not happened yet. The Dividend Payout Ratios for 2014 was 774% for EPS and 47% for CFPS. For this year the DPR for EPS is expected to be around 141% for EPS and 54% per CFPS.
This stock has come down in the current year and has lost some 7.4% of its value in 2015. The 5 and 10 year total return to date are ok, but the 5 year total return is low. The 5 and 10 year total returns are 5.61% and 20.87% per year with 4.71% and 8.32% per year from dividends and 0.89% and 12.55% per year from capital gains.
Why the 5 year total return is low is because this stock hit a high 5 years ago and then contracted for two years. The 5 year total return to the end of 2015 was better at 15.76% per year with 13.96% per year from capital gains and 5.58% per year from dividends.
Outstanding shares have increased by 0.2% and 3.2% per year over the past 5 and 10 years. Revenue growth has been good over the past 5 and 10 years. Cash Flow growth is moderate to good. However, there has been no earnings growth.
Over the past 5 and 10 years Revenue has grown at 11% and 20.5% per year. Revenue per Share has grown at 10.8% and 16.8% per year over the past 5 and 10 years. Analysts do expect good growth in Revenue for 2015, but if you look at Revenue growth for the first quarter of 2015, it has not grown much.
The EPS is down by 38% and 12.4% per year over the past 5 and 10 years. If you look at EPS using the 5 year running average over the past 5 years, EPS is down by 3.3% per year. EPS do fluctuate. Analysts again expect EPS to grow well in 2014; however for the first quarter of 2015 there is an EPS loss of $0.26.
Cash Flow grew at 5.45 and 20.4% per year over the past 5 and 10 years. CFPS has grown at 5.1% and 16.7% per year over the past 5 and 10 years. Analysts seem to expect some good growth in Cash Flow for 2015, but Cash Flow grew only modestly in the first quarter of 2015.
Return on Equity was below 10% twice in the past 5 years and below 10% twice also in the past 10 years. The ROE for 2014 was very low at 2% and the 5 year median value is 11.2%. The ROE on comprehensive income was better at 7.5% and this has a 5 year median value of 15%.
The Debt Ratios have always been good, but they have gone from and excellent rate to a good rate. The Liquidity Ratio for 2014 was 1.70. The 5 year median value is 2.57. The Debt Ratio for 2015 is 1.88. The Leverage and Debt/Equity Ratios are a little high, but ok at 2.13 and 1.13 in 2014.
This is the first of two parts. The second part will be posted on Thursday, June 4, 2015 and will be available here. The first part talks about the stock and the second part talks about the stock price.
Ag Growth International (AGI) is a leading manufacturer of portable and stationary grain handling, storage and conditioning equipment, including augers, belt conveyors, storage bins, handling accessories and aeration equipment. AGI has manufacturing facilities in Canada, the United States, the United Kingdom and Finland. Its web site is here AG Growth.
This blog is meant for educational purposes only, and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.
See my website for stocks followed and investment notes. Follow me on Twitter or StockTwits.
Sound bite for Twitter and StockTwits is: Good Revenue Growth. I am hoping that the acquisition of Westeel will be good for this company. Most analysts seem to feel so. I am counting on this stock returning to a dividend growth stock in the future. In the meantime I am getting a good dividend at 4.6%. See my spreadsheet at afn.htm.
I own this stock of Ag Growth International (TSX-AFN, OTC-AGGZF). I wanted to review all the income trust stocks touted in the Money Show of 2009. There was a lot of talk at this show about some of the Unit Trust being currently good buys with very good yield. Its median yield in 2009 was 7.9%. It was on the Canadian Dividend Aristocrats and this is why I first investigated this company.
This is another income trust that I bought that was a dividend growth stock, but not so much after converting to a corporation. This stock converted to a corporation in 2009 and stopped rising their dividends in 2011. They still pay a good dividend but not as good as when I bought this stock. I originally got a dividend yield of 7.4% and now the current dividend yield is 4.6%. However, most analysts' expected the dividend yields on the old income trust to go to between 4% and 5% when they converted to corporations.
The other thing about the old income trust is that I have made an overall good return on them. My total return is 18.83% per year with 12.32% per year from capital gains and 6.51% per year from dividends. I have had this stock for 3.5 years and I have earned $8.20 in dividends per share and this is some 23% of the original purchase price of this stock. I am just waiting for them to become dividend growth stocks again.
I may have to wait a bit longer for this stock as the EPS cannot cover the dividends. Analysts' keeping expecting this company to earn more in EPS than dividend payments but this has not happened yet. The Dividend Payout Ratios for 2014 was 774% for EPS and 47% for CFPS. For this year the DPR for EPS is expected to be around 141% for EPS and 54% per CFPS.
This stock has come down in the current year and has lost some 7.4% of its value in 2015. The 5 and 10 year total return to date are ok, but the 5 year total return is low. The 5 and 10 year total returns are 5.61% and 20.87% per year with 4.71% and 8.32% per year from dividends and 0.89% and 12.55% per year from capital gains.
Why the 5 year total return is low is because this stock hit a high 5 years ago and then contracted for two years. The 5 year total return to the end of 2015 was better at 15.76% per year with 13.96% per year from capital gains and 5.58% per year from dividends.
Outstanding shares have increased by 0.2% and 3.2% per year over the past 5 and 10 years. Revenue growth has been good over the past 5 and 10 years. Cash Flow growth is moderate to good. However, there has been no earnings growth.
Over the past 5 and 10 years Revenue has grown at 11% and 20.5% per year. Revenue per Share has grown at 10.8% and 16.8% per year over the past 5 and 10 years. Analysts do expect good growth in Revenue for 2015, but if you look at Revenue growth for the first quarter of 2015, it has not grown much.
The EPS is down by 38% and 12.4% per year over the past 5 and 10 years. If you look at EPS using the 5 year running average over the past 5 years, EPS is down by 3.3% per year. EPS do fluctuate. Analysts again expect EPS to grow well in 2014; however for the first quarter of 2015 there is an EPS loss of $0.26.
Cash Flow grew at 5.45 and 20.4% per year over the past 5 and 10 years. CFPS has grown at 5.1% and 16.7% per year over the past 5 and 10 years. Analysts seem to expect some good growth in Cash Flow for 2015, but Cash Flow grew only modestly in the first quarter of 2015.
Return on Equity was below 10% twice in the past 5 years and below 10% twice also in the past 10 years. The ROE for 2014 was very low at 2% and the 5 year median value is 11.2%. The ROE on comprehensive income was better at 7.5% and this has a 5 year median value of 15%.
The Debt Ratios have always been good, but they have gone from and excellent rate to a good rate. The Liquidity Ratio for 2014 was 1.70. The 5 year median value is 2.57. The Debt Ratio for 2015 is 1.88. The Leverage and Debt/Equity Ratios are a little high, but ok at 2.13 and 1.13 in 2014.
This is the first of two parts. The second part will be posted on Thursday, June 4, 2015 and will be available here. The first part talks about the stock and the second part talks about the stock price.
Ag Growth International (AGI) is a leading manufacturer of portable and stationary grain handling, storage and conditioning equipment, including augers, belt conveyors, storage bins, handling accessories and aeration equipment. AGI has manufacturing facilities in Canada, the United States, the United Kingdom and Finland. Its web site is here AG Growth.
This blog is meant for educational purposes only, and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.
See my website for stocks followed and investment notes. Follow me on Twitter or StockTwits.
Tuesday, June 2, 2015
Husky Energy Inc. 2
Sound bite for Twitter and StockTwits is: Stock price is cheap on a number of tests. This is a resource stock and to my mind it is not a long term hold. However, I am sure there will be still many years that we will be using oil and so there is still time to make money from oil resources. The problem is that no one knows when the price of oil will recover. But the time to buy good companies is when they are relatively cheap. See my spreadsheet at hse.htm.
I own this stock of Husky Energy Inc. (TSX-HSE, OTC-HUSKF). When I sold some of my SNC-Lavalin in 2008, I was looking for something to buy. With this purchase, I only used a third of the money I got from my SNC sale, but got enough dividends on this to replace the dividends I will lose from my SNC sale.
When I look at insider trading, I find a bit of insider buying and no insider selling. Ka-Shing Li and Hutchison Whampoa Luxembourg Holding own substantial amounts of Husky's shares, 40 and 30% for a total of 70% of outstanding shares. Hutchison Whampoa Luxembourg Holding is wholly-owned by Hutchison Whampoa Limited. Mr. Li Ka-shing is the Chairman of Hutchison Whampoa Limited.
Outstanding shares were increased by 44,000 shares for stock options. This amount shows up a 0% of outstanding shares where the percentage is taken to two decimal points. In other words, this is a very small number.
The 5 year low, median and high median Price/Earnings per Share Ratios are 14.86, 16.54 and 18.22. The corresponding 10 year values are much lower at 10.27, 11.84 and 14.05. The current P/E Ratio is 53.73 based on a stock price of $24.44 and 2015 EPS estimate of $0.50. Since EPS is expected to drop almost 60% in 2015, you have to wonder how good this test is to judge the current stock price. Since a big component of the Graham Price is also based on EPS estimates, I wonder about this test also.
I get a 10 year Price/Book Value per Share Ratio of 1.68. The current P/B Ratio at 1.19 is some 29% lower. The P/B Ratio is based on a stock price of $24.44 and BVPS of $20.57. This stock price testing suggests that the stock price is relatively cheap.
The 5 year median dividend yield is 4.37%. The current dividend yield is 12% higher at 4.91%. The current dividend yield is based on dividends of $1.20 and a stock price of $24.44. This stock price testing suggests that the stock price is relatively reasonable.
The historical median dividend yield is 4%. The current dividend yield is 23% higher at 4.91%. This stock price testing suggests that the stock price is relatively cheap. However, it is still below the historical high around 5.66%.
The 10 year Price/Cash Flow per Share Ratio is 6.58. The current P/CF Ratio is 3.90 a value some 41% lower. The P/CF Ratio is based on a stock price of $24.44 and 2015 CFPS estimate of $6.27. This stock price testing suggests that the stock price is relatively cheap.
When I look at analysts' recommendations, I find Strong Buy, Buy and Hold recommendations. The vast majority of the recommendations are a Hold, so the consensus recommendations would be a Hold. The 12 month consensus stock price is $29.20. This implies a total return of 24.39% with 4.91% from dividends and 24.39% from capital gains. This total return is based on a current price of $24.44. This is a very good return for a suggested Hold recommendation.
Nelson Smith of the Motley Fool in this recent article talks about the energy patch sale and that we should take advantage of it. Matt DiLallo of the Motley Fool also likes this stock. This article in the Plant Netazine talks about Husky's profit falling 71% in the first quarter of 2015. This article in Forbes says that Husky's stock is oversold.
This is the second of two parts. The first part was posted on Monday, June 01, 2015 and is available here. The first part talks about the stock and the second part talks about the stock price.
This company is one of Canada's largest energy and energy-related companies. The Company's operations include the exploration, development and production of crude oil and natural gas. Husky has operations in Western Canada, Eastern Canada, US, China, Indonesia and Greenland. This company is mostly foreign owned. Industry: Oil and Gas (Integrated Oils). It is listed under TSX Energy Index. Its web site is here Husky.
This blog is meant for educational purposes only, and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.
See my website for stocks followed and investment notes. Follow me on Twitter or StockTwits.
I own this stock of Husky Energy Inc. (TSX-HSE, OTC-HUSKF). When I sold some of my SNC-Lavalin in 2008, I was looking for something to buy. With this purchase, I only used a third of the money I got from my SNC sale, but got enough dividends on this to replace the dividends I will lose from my SNC sale.
When I look at insider trading, I find a bit of insider buying and no insider selling. Ka-Shing Li and Hutchison Whampoa Luxembourg Holding own substantial amounts of Husky's shares, 40 and 30% for a total of 70% of outstanding shares. Hutchison Whampoa Luxembourg Holding is wholly-owned by Hutchison Whampoa Limited. Mr. Li Ka-shing is the Chairman of Hutchison Whampoa Limited.
Outstanding shares were increased by 44,000 shares for stock options. This amount shows up a 0% of outstanding shares where the percentage is taken to two decimal points. In other words, this is a very small number.
The 5 year low, median and high median Price/Earnings per Share Ratios are 14.86, 16.54 and 18.22. The corresponding 10 year values are much lower at 10.27, 11.84 and 14.05. The current P/E Ratio is 53.73 based on a stock price of $24.44 and 2015 EPS estimate of $0.50. Since EPS is expected to drop almost 60% in 2015, you have to wonder how good this test is to judge the current stock price. Since a big component of the Graham Price is also based on EPS estimates, I wonder about this test also.
I get a 10 year Price/Book Value per Share Ratio of 1.68. The current P/B Ratio at 1.19 is some 29% lower. The P/B Ratio is based on a stock price of $24.44 and BVPS of $20.57. This stock price testing suggests that the stock price is relatively cheap.
The 5 year median dividend yield is 4.37%. The current dividend yield is 12% higher at 4.91%. The current dividend yield is based on dividends of $1.20 and a stock price of $24.44. This stock price testing suggests that the stock price is relatively reasonable.
The historical median dividend yield is 4%. The current dividend yield is 23% higher at 4.91%. This stock price testing suggests that the stock price is relatively cheap. However, it is still below the historical high around 5.66%.
The 10 year Price/Cash Flow per Share Ratio is 6.58. The current P/CF Ratio is 3.90 a value some 41% lower. The P/CF Ratio is based on a stock price of $24.44 and 2015 CFPS estimate of $6.27. This stock price testing suggests that the stock price is relatively cheap.
When I look at analysts' recommendations, I find Strong Buy, Buy and Hold recommendations. The vast majority of the recommendations are a Hold, so the consensus recommendations would be a Hold. The 12 month consensus stock price is $29.20. This implies a total return of 24.39% with 4.91% from dividends and 24.39% from capital gains. This total return is based on a current price of $24.44. This is a very good return for a suggested Hold recommendation.
Nelson Smith of the Motley Fool in this recent article talks about the energy patch sale and that we should take advantage of it. Matt DiLallo of the Motley Fool also likes this stock. This article in the Plant Netazine talks about Husky's profit falling 71% in the first quarter of 2015. This article in Forbes says that Husky's stock is oversold.
This is the second of two parts. The first part was posted on Monday, June 01, 2015 and is available here. The first part talks about the stock and the second part talks about the stock price.
This company is one of Canada's largest energy and energy-related companies. The Company's operations include the exploration, development and production of crude oil and natural gas. Husky has operations in Western Canada, Eastern Canada, US, China, Indonesia and Greenland. This company is mostly foreign owned. Industry: Oil and Gas (Integrated Oils). It is listed under TSX Energy Index. Its web site is here Husky.
This blog is meant for educational purposes only, and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.
See my website for stocks followed and investment notes. Follow me on Twitter or StockTwits.
Monday, June 1, 2015
Husky Energy Inc.
On my other blog I am today writing about possible cheap dividend stocks for June 2015 continue...
Sound bite for Twitter and StockTwits is: Good dividend on resource stock. No one currently seems worried about the dividend and it is at 4.9% currently. See my spreadsheet at hse.htm.
I own this stock of Husky Energy Inc. (TSX-HSE, OTC-HUSKF). When I sold some of my SNC-Lavalin in 2008, I was looking for something to buy. With this purchase, I only used a third of the money I got from my SNC sale, but got enough dividends on this to replace the dividends I will lose from my SNC sale.
This is a resource stock that pays a good dividend, but dividends payouts fluctuate. Dividends seemed to have started in 2001. Over the past 10 years dividends are up by 10.6% per year. Over the past 5 years dividends are down by 3% per year. The current dividend yield is 4.91%. The 5 year median dividend yield is 4.37% and the historical median dividend yield is 4%.
I have had this stock for approximately 6.8 years. I have collected $6.23 per share in dividends. This represents 19.1% of my original stock cost. For the stock I bought in 2008 my dividend yield on my original cost is 2.5%. For the stock I bought in 2010 my dividend yield on my original cost is 4.8%.
Shareholders who bought this stock 5, 10, 15, 20 and 25 years ago and paid a median price would be earning an 4.4%, 4.9%, 17.5%, 8.3% and 16.3% dividend yield on their original cost of their stock. This shows that it really pays to buy stock at a relatively low price.
On the shares that I own, I have made a total return of 0.31% per year with 3.71% per year from dividends and a capital loss of 3.40% per year. This stocks total return over the past 5 and 10 years is 3.02% and 3.88% per year with dividends at 4.67% and 5.67% per year and capital loss at 1.64% and 1.79% per year.
The Dividend Payout Ratios for 2015 are 100% for EPS and 22% for CFPS. The 5 year median DPRs for EPS is at 65% and 23%. Analysts do not think that the company can cover dividends with EPS until 2017.
The outstanding shares have increased by 3% and 1.5% per year over the past 5 and 10 years. Over these periods this stock's revenue and cash flow growth is moderate to good. Growth in earnings is non-existent. As a shareholder I would be more interested in the per share value growth because of the increase in shares outstanding.
Revenue is up by 9.8% and 11.1% per year over the past 5 and 10 years. Revenue per Share is up by 6.7% and 9.4% per year over the past 5 and 10 years. Analysts expect a 20% drop in revenues for 2015. For the 12 months ending in the first quarter of 2015 compared to the 12 months ending in December 2014, Revenues are down by 7%.
Cash flow is up by 16.8% and 9.1% per year over the past 5 and 10 years. CFPS is up by 13.5% and 7.8% per year over the past 5 and 10 years. Analysts seem to expect an increase in cash flow for 2015. However, for the 12 months ending in the first quarter of 2015 compared to the 12 months ending in December 2014, Cash Flows are down by 12.7%.
EPS is down by 6.4% and up by 0.2% per year over the past 5 and 10 years. Analysts seem to expect a big drop in EPS for 2015 of around 58%. For the 12 months ending in the first quarter of 2015 compared to the 12 months ending in December 2014, EPS are down by 40.8%.
The Return on Equity has been below 10% 4 times in the past 10 years and 3 times in the past 5 years. The ROE for 2014 was just 6.1% and the 5 year median is 9.1%. The ROE on comprehensive income for 2014 is 7% and its 5 year median is 10.2%. The ROE on comprehensive income has been below 10% twice in the past 5 years.
Debt ratios are fine on this stock. The Liquidity Ratio is low at 0.77, but if you add in cash flow after dividends it is a better 1.53. This means that the company depends on cash flow to pay current liabilities. The Debt Ratios have always been strong, with the 2014 Debt Ratio at 2.13 and its 5 year median at 2.19. The Leverage and Debt/Equity Ratios are also good at 1.89 and 0.89.
This is the first of two parts. The second part will be posted on Tuesday, June 02, 2015 and will be available here. The first part talks about the stock and the second part talks about the stock price.
This company is one of Canada's largest energy and energy-related companies. The Company's operations include the exploration, development and production of crude oil and natural gas. Husky has operations in Western Canada, Eastern Canada, US, China, Indonesia and Greenland. This company is mostly foreign owned. Industry: Oil and Gas (Integrated Oils). It is listed under TSX Energy Index. Its web site is here Husky.
This blog is meant for educational purposes only, and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.
See my website for stocks followed and investment notes. Follow me on Twitter or StockTwits.
Sound bite for Twitter and StockTwits is: Good dividend on resource stock. No one currently seems worried about the dividend and it is at 4.9% currently. See my spreadsheet at hse.htm.
I own this stock of Husky Energy Inc. (TSX-HSE, OTC-HUSKF). When I sold some of my SNC-Lavalin in 2008, I was looking for something to buy. With this purchase, I only used a third of the money I got from my SNC sale, but got enough dividends on this to replace the dividends I will lose from my SNC sale.
This is a resource stock that pays a good dividend, but dividends payouts fluctuate. Dividends seemed to have started in 2001. Over the past 10 years dividends are up by 10.6% per year. Over the past 5 years dividends are down by 3% per year. The current dividend yield is 4.91%. The 5 year median dividend yield is 4.37% and the historical median dividend yield is 4%.
I have had this stock for approximately 6.8 years. I have collected $6.23 per share in dividends. This represents 19.1% of my original stock cost. For the stock I bought in 2008 my dividend yield on my original cost is 2.5%. For the stock I bought in 2010 my dividend yield on my original cost is 4.8%.
Shareholders who bought this stock 5, 10, 15, 20 and 25 years ago and paid a median price would be earning an 4.4%, 4.9%, 17.5%, 8.3% and 16.3% dividend yield on their original cost of their stock. This shows that it really pays to buy stock at a relatively low price.
On the shares that I own, I have made a total return of 0.31% per year with 3.71% per year from dividends and a capital loss of 3.40% per year. This stocks total return over the past 5 and 10 years is 3.02% and 3.88% per year with dividends at 4.67% and 5.67% per year and capital loss at 1.64% and 1.79% per year.
The Dividend Payout Ratios for 2015 are 100% for EPS and 22% for CFPS. The 5 year median DPRs for EPS is at 65% and 23%. Analysts do not think that the company can cover dividends with EPS until 2017.
The outstanding shares have increased by 3% and 1.5% per year over the past 5 and 10 years. Over these periods this stock's revenue and cash flow growth is moderate to good. Growth in earnings is non-existent. As a shareholder I would be more interested in the per share value growth because of the increase in shares outstanding.
Revenue is up by 9.8% and 11.1% per year over the past 5 and 10 years. Revenue per Share is up by 6.7% and 9.4% per year over the past 5 and 10 years. Analysts expect a 20% drop in revenues for 2015. For the 12 months ending in the first quarter of 2015 compared to the 12 months ending in December 2014, Revenues are down by 7%.
Cash flow is up by 16.8% and 9.1% per year over the past 5 and 10 years. CFPS is up by 13.5% and 7.8% per year over the past 5 and 10 years. Analysts seem to expect an increase in cash flow for 2015. However, for the 12 months ending in the first quarter of 2015 compared to the 12 months ending in December 2014, Cash Flows are down by 12.7%.
EPS is down by 6.4% and up by 0.2% per year over the past 5 and 10 years. Analysts seem to expect a big drop in EPS for 2015 of around 58%. For the 12 months ending in the first quarter of 2015 compared to the 12 months ending in December 2014, EPS are down by 40.8%.
The Return on Equity has been below 10% 4 times in the past 10 years and 3 times in the past 5 years. The ROE for 2014 was just 6.1% and the 5 year median is 9.1%. The ROE on comprehensive income for 2014 is 7% and its 5 year median is 10.2%. The ROE on comprehensive income has been below 10% twice in the past 5 years.
Debt ratios are fine on this stock. The Liquidity Ratio is low at 0.77, but if you add in cash flow after dividends it is a better 1.53. This means that the company depends on cash flow to pay current liabilities. The Debt Ratios have always been strong, with the 2014 Debt Ratio at 2.13 and its 5 year median at 2.19. The Leverage and Debt/Equity Ratios are also good at 1.89 and 0.89.
This is the first of two parts. The second part will be posted on Tuesday, June 02, 2015 and will be available here. The first part talks about the stock and the second part talks about the stock price.
This company is one of Canada's largest energy and energy-related companies. The Company's operations include the exploration, development and production of crude oil and natural gas. Husky has operations in Western Canada, Eastern Canada, US, China, Indonesia and Greenland. This company is mostly foreign owned. Industry: Oil and Gas (Integrated Oils). It is listed under TSX Energy Index. Its web site is here Husky.
This blog is meant for educational purposes only, and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.
See my website for stocks followed and investment notes. Follow me on Twitter or StockTwits.
Friday, May 29, 2015
Automodular Corp.
Sound bite for Twitter and StockTwits is: Price is good for interesting situation. This company currently has not business, but since I have not much invested I am holding on to my shares to see what happens. See my spreadsheet at am.htm.
I own this stock of Automodular Corp. (TSX-AM, OTC- AMZKF). In January 2012, I went looking for some dividend paying small cap to soak up extra money in the TFSA. This is one of the stocks that I found.
When I first bought this stock in 2012, it was a functioning company and was paying a dividend. They wound up their contract with Ford at the end of December 2014. They are now looking around for something else to do. They have higher cash on hand than the market cap of this stock.
I am holding on to my shares at the moment as this is an interesting situation. I do not have much invested in this company, just over $1,000.00. Dan Stringer at Seeking Alpha does a very good job of explaining what is going on currently with this company.
I see no point in doing any stock price testing. In the first quarter of this year they had no revenue. They only thing I can say is that the cash on hand per share is higher than the current share price. They worse case seems to be the company breaking up and returning cash to the shareholders, although I do hope that they come up with some future work.
The web site of Sleek Money talks about recent insider buying on this stock. The site of Market Watch talks about this company's first quarterly results of 2015. Earlier this year the company announced their desire to do a stock Buy Back.
I will have only one entry for this stock as I must do on some stock because I cover too many stocks to do double entries on all that I follow. Also, there is not much to say on this company that I own and have recently reviewed. I also do not think that any analysts are following this stock currently.
Automodular Corporation was a sequencer and sub-assembler of components and modules that are installed in cars and trucks made by North American Original Equipment Manufacturers ("OEMs"), at plants in Canada. It is looking for work at the present time. Its web site is here Automodular.
This blog is meant for educational purposes only, and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.
See my website for stocks followed and investment notes. Follow me on Twitter or StockTwits.
I own this stock of Automodular Corp. (TSX-AM, OTC- AMZKF). In January 2012, I went looking for some dividend paying small cap to soak up extra money in the TFSA. This is one of the stocks that I found.
When I first bought this stock in 2012, it was a functioning company and was paying a dividend. They wound up their contract with Ford at the end of December 2014. They are now looking around for something else to do. They have higher cash on hand than the market cap of this stock.
I am holding on to my shares at the moment as this is an interesting situation. I do not have much invested in this company, just over $1,000.00. Dan Stringer at Seeking Alpha does a very good job of explaining what is going on currently with this company.
I see no point in doing any stock price testing. In the first quarter of this year they had no revenue. They only thing I can say is that the cash on hand per share is higher than the current share price. They worse case seems to be the company breaking up and returning cash to the shareholders, although I do hope that they come up with some future work.
The web site of Sleek Money talks about recent insider buying on this stock. The site of Market Watch talks about this company's first quarterly results of 2015. Earlier this year the company announced their desire to do a stock Buy Back.
I will have only one entry for this stock as I must do on some stock because I cover too many stocks to do double entries on all that I follow. Also, there is not much to say on this company that I own and have recently reviewed. I also do not think that any analysts are following this stock currently.
Automodular Corporation was a sequencer and sub-assembler of components and modules that are installed in cars and trucks made by North American Original Equipment Manufacturers ("OEMs"), at plants in Canada. It is looking for work at the present time. Its web site is here Automodular.
This blog is meant for educational purposes only, and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.
See my website for stocks followed and investment notes. Follow me on Twitter or StockTwits.
Thursday, May 28, 2015
Progressive Waste Solutions Ltd. 2
Sound bite for Twitter and StockTwits is: Price is high on a number of tests. The stock price is high when doing the P/B Ratio, Dividend Yield and P/CF Ratio tests. I like the P/B Ratio and Dividend Yield tests because you are using real, compared to estimated values. The price is reasonable using the P/E Ratio test using 2015 EPS estimate. See my spreadsheet at bin.htm.
I own this stock of Progressive Waste Solutions Ltd. (TSX-BIN, NYSE-BIN). I first bought this stock in 2007 because TD Securities had a very favorable report on this stock and had it on it action buy lists. I had money because I had recently sold RIM. At that time it was an income fund. In 2010, I needed to buy something for Pension Account. I have this already and it was on TD Action Buy List.
Under insider trading, I find there was some $0.5M of insider buying and $0.4M of insider selling for $0.1M of net insider buying. This is too small of an amount to register at two decimal points of a percentage of the market cap. In 2014 outstanding shares were increased by 12,000 shares for stock options or 0.01% of the outstanding shares. This is a very small number also.
There is some insider ownership with the CEO owning shares worth $12.4M, the CFO owning shares worth $0.9M and the chairman owning shares worth $2.4M. Of course all this together is less than 1% of the stock's market cap.
The 5 year low, median and high median Price/Earnings per Share Ratios are 19.54, 23.66 and 27.77. These are a bit lower than the corresponding 10 year values at 20.90, 24.55 and 30.76. The current P/E Ratio is 23.06 based on a stock price of $34.85 and 2014 EPS of $1.51 CDN$ or $1.23 US$. This stock price test suggests that the stock price is relatively reasonable.
I get a Graham Price of $20.92. The 10 year low, median and high median Price/Graham Price Ratios are 1.29, 1.52 and 1.79. The current P/GP Ratio is 1.67 based on a stock price of $34.85. This stock price test suggests that the stock price is relatively reasonable.
I get a 10 year Price/Book Value per Share Ratio of 1.92. The current P/B Ratio is 2.71, a value 41% higher. This stock price test suggests that the stock price is relatively expensive.
Because this used to be an income trust with very high dividend yields, you really cannot get a fix on the current stock price using historical dividend yields. The best is the 5 year median dividend yield. This dividend yield is 2.37%. The current Dividend Yield at 1.85% is some 22.6% higher. This stock price test suggests that the stock price is relatively expensive.
Another test we can use is the Price/Cash Flow per Share Ratio. Since the reporting is in US$, I will use the US$ values. The 10 year median P/CF Ratio is 6.19. The current P/CF Ratio at 8.58 is some 39% higher. This stock price test suggests that the stock price is relatively expensive. Using CDN$ values, the test comes out basically the same.
When I look at analysts' recommendations, I find Strong Buy, Buy and Hold recommendations. Most of the recommendations are a Buy and the consensus is a Buy. The 12 month stock price consensus stock price is $32.10 US$ or $39.44 CDN$. This implies a total return of $15.02% with 1.84% from dividends and $13.18% from capital gains.
The web site called The Market Daily talks about what analysts are saying about this stock. There is an article in the Daily Journal about this company addressing complaints in Thibodaux, Louisiana. A recent article in the G&M by Brenda Bouw talks about buying this stock as an defensive play .
This is the second of two parts. The first part was posted on Wednesday, May 27, 2015 and is available here. The first part talks about the stock and the second part talks about the stock price.
Progressive Waste Solutions Ltd. are a full-service waste management company providing non-hazardous solid waste collection and landfill disposal services for municipal, commercial, industrial and residential customers in five provinces and ten US states. Two-thirds of their business is in US. The fund operates through its subsidiaries. Its web site is here Progressive Waste.
This blog is meant for educational purposes only, and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.
See my website for stocks followed and investment notes. Follow me on Twitter or StockTwits.
I own this stock of Progressive Waste Solutions Ltd. (TSX-BIN, NYSE-BIN). I first bought this stock in 2007 because TD Securities had a very favorable report on this stock and had it on it action buy lists. I had money because I had recently sold RIM. At that time it was an income fund. In 2010, I needed to buy something for Pension Account. I have this already and it was on TD Action Buy List.
Under insider trading, I find there was some $0.5M of insider buying and $0.4M of insider selling for $0.1M of net insider buying. This is too small of an amount to register at two decimal points of a percentage of the market cap. In 2014 outstanding shares were increased by 12,000 shares for stock options or 0.01% of the outstanding shares. This is a very small number also.
There is some insider ownership with the CEO owning shares worth $12.4M, the CFO owning shares worth $0.9M and the chairman owning shares worth $2.4M. Of course all this together is less than 1% of the stock's market cap.
The 5 year low, median and high median Price/Earnings per Share Ratios are 19.54, 23.66 and 27.77. These are a bit lower than the corresponding 10 year values at 20.90, 24.55 and 30.76. The current P/E Ratio is 23.06 based on a stock price of $34.85 and 2014 EPS of $1.51 CDN$ or $1.23 US$. This stock price test suggests that the stock price is relatively reasonable.
I get a Graham Price of $20.92. The 10 year low, median and high median Price/Graham Price Ratios are 1.29, 1.52 and 1.79. The current P/GP Ratio is 1.67 based on a stock price of $34.85. This stock price test suggests that the stock price is relatively reasonable.
I get a 10 year Price/Book Value per Share Ratio of 1.92. The current P/B Ratio is 2.71, a value 41% higher. This stock price test suggests that the stock price is relatively expensive.
Because this used to be an income trust with very high dividend yields, you really cannot get a fix on the current stock price using historical dividend yields. The best is the 5 year median dividend yield. This dividend yield is 2.37%. The current Dividend Yield at 1.85% is some 22.6% higher. This stock price test suggests that the stock price is relatively expensive.
Another test we can use is the Price/Cash Flow per Share Ratio. Since the reporting is in US$, I will use the US$ values. The 10 year median P/CF Ratio is 6.19. The current P/CF Ratio at 8.58 is some 39% higher. This stock price test suggests that the stock price is relatively expensive. Using CDN$ values, the test comes out basically the same.
When I look at analysts' recommendations, I find Strong Buy, Buy and Hold recommendations. Most of the recommendations are a Buy and the consensus is a Buy. The 12 month stock price consensus stock price is $32.10 US$ or $39.44 CDN$. This implies a total return of $15.02% with 1.84% from dividends and $13.18% from capital gains.
The web site called The Market Daily talks about what analysts are saying about this stock. There is an article in the Daily Journal about this company addressing complaints in Thibodaux, Louisiana. A recent article in the G&M by Brenda Bouw talks about buying this stock as an defensive play .
This is the second of two parts. The first part was posted on Wednesday, May 27, 2015 and is available here. The first part talks about the stock and the second part talks about the stock price.
Progressive Waste Solutions Ltd. are a full-service waste management company providing non-hazardous solid waste collection and landfill disposal services for municipal, commercial, industrial and residential customers in five provinces and ten US states. Two-thirds of their business is in US. The fund operates through its subsidiaries. Its web site is here Progressive Waste.
This blog is meant for educational purposes only, and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.
See my website for stocks followed and investment notes. Follow me on Twitter or StockTwits.
Wednesday, May 27, 2015
Progressive Waste Solutions Ltd.
On my other blog I am today writing about a recent paper on Financial Planning and Investing Behavior continue...
Sound bite for Twitter and StockTwits is: Dividend growth Industrial stock. This stock is producing solid results. I bought it for diversification. See my spreadsheet at bin.htm.
I own this stock of Progressive Waste Solutions Ltd. (TSX-BIN, NYSE-BIN). I first bought this stock in 2007 because TD Securities had a very favorable report on this stock and had it on it action buy lists. I had money because I had recently sold RIM. At that time it was an income fund. In 2010, I needed to buy something for Pension Account. I have this already and it was on TD Action Buy List.
When this company changed from an income trust to a corporation in 2008, it decreased its dividends and the final dividends decrease in 2010 was a 72.5% decrease. In 2011 it started to increase the dividend again. Since then dividends are up 64%, but they are still some 65% lower than dividends paid in 2008. The last dividend increase was in 2014 and the increase was for 6.7%.
The problem a lot of income trusts had with dividends was that they were paying out more than their EPS. Some of the ones that cut their dividends have been able to start increasing them again. This is one such company. The Dividend Payout Ratio for 2014 was 47.8% for EPS and 14.7% for CFPS.
Currently the dividend yield is low with the current yield at 1.84%. The 5 year median dividend yield is at 2.23% is a moderate dividend. The dividend growth has been at 5.1% per year since increases have restarted. So the dividend growth is moderate. The Dividend Payout Ratio for EPS is moderate with the 5 year median at 52.5%.
My total return has been 8.53% per year with 5.97% per year from capital gains and 2.56% per year from dividends. The 5 and 10 year total return is 9.67% and 5.58% per year with 7.58% and 2.18% per year from capital gains and 2.09% and 3.40% from dividends.
The outstanding shares have increased by 6.4% and 15.5% per year over the past 5 and 10 years. Shares have increased due to Stock Options and Share Issues and have decreased due to Buy Backs. I will report growth in US$ as more than 60% of this companies business Revenue is from US and the company reports in US$. Revenue growth is moderate to good as is EPS. Cash Flow growth is good.
Revenue is up by 14.8% and 28.8% per year over the past 5 and 10 years. Revenue per Share is up by 7.9% and 11.5% per year over the past 5 and 10 years. Analysts do not expect any growth in Revenues for 2015 and modest growth in 2016. The 12 month period to the end of the first quarter as compared to the 12 month period to the end of 2014, shows revenues to down modestly (less than 1%).
EPS has grown at 16% and 7.5% per year over the past 5 and 10 years. Analysts expect good growth in EPS this year and next year. The 12 month period to the end of the first quarter as compared to the 12 month period to the end of 2014, shows EPS to down by 6.4%.
Cash Flow is up by 15% and 25.4% per year over the past 5 and 10 years. CFPS is up by 8.2% and 8.6% per year over the past 5 and 10 years. Analysts expect cash flow to decline this year and next and then start going up again in 2017. The 12 month period to the end of the first quarter as compared to the 12 month period to the end of 2014, shows Cash Flow is down by 38%.
The Return on Equity has been rather low for this company until last year. Last year the ROE was 9.1% and this year it was over 10% at 10.3%. A problem is that the ROE on comprehensive income is much lower in 2014 than the ROE on Net Income at just 6.9%. This could suggest that the earnings may not be of good quality.
The debt ratios are fine. The Liquidity Ratio is low at 0.89 in 2014. However when you add in Cash Flow less dividends then it is 2.08. The Debt Ratio is the best at 1.57 in 2014. The Leverage and Debt/Equity Ratios are a little high but fine at 2.75 and 1.75 in 2014.
This is the first of two parts. The second part will be posted on Thursday, May 28, 2015 and will be available here. The first part talks about the stock and the second part talks about the stock price.
Progressive Waste Solutions Ltd. are a full-service waste management company providing non-hazardous solid waste collection and landfill disposal services for municipal, commercial, industrial and residential customers in five provinces and ten US states. Two-thirds of their business is in US. The fund operates through its subsidiaries. Its web site is here Progressive Waste.
This blog is meant for educational purposes only, and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.
See my website for stocks followed and investment notes. Follow me on Twitter or StockTwits.
Sound bite for Twitter and StockTwits is: Dividend growth Industrial stock. This stock is producing solid results. I bought it for diversification. See my spreadsheet at bin.htm.
I own this stock of Progressive Waste Solutions Ltd. (TSX-BIN, NYSE-BIN). I first bought this stock in 2007 because TD Securities had a very favorable report on this stock and had it on it action buy lists. I had money because I had recently sold RIM. At that time it was an income fund. In 2010, I needed to buy something for Pension Account. I have this already and it was on TD Action Buy List.
When this company changed from an income trust to a corporation in 2008, it decreased its dividends and the final dividends decrease in 2010 was a 72.5% decrease. In 2011 it started to increase the dividend again. Since then dividends are up 64%, but they are still some 65% lower than dividends paid in 2008. The last dividend increase was in 2014 and the increase was for 6.7%.
The problem a lot of income trusts had with dividends was that they were paying out more than their EPS. Some of the ones that cut their dividends have been able to start increasing them again. This is one such company. The Dividend Payout Ratio for 2014 was 47.8% for EPS and 14.7% for CFPS.
Currently the dividend yield is low with the current yield at 1.84%. The 5 year median dividend yield is at 2.23% is a moderate dividend. The dividend growth has been at 5.1% per year since increases have restarted. So the dividend growth is moderate. The Dividend Payout Ratio for EPS is moderate with the 5 year median at 52.5%.
My total return has been 8.53% per year with 5.97% per year from capital gains and 2.56% per year from dividends. The 5 and 10 year total return is 9.67% and 5.58% per year with 7.58% and 2.18% per year from capital gains and 2.09% and 3.40% from dividends.
The outstanding shares have increased by 6.4% and 15.5% per year over the past 5 and 10 years. Shares have increased due to Stock Options and Share Issues and have decreased due to Buy Backs. I will report growth in US$ as more than 60% of this companies business Revenue is from US and the company reports in US$. Revenue growth is moderate to good as is EPS. Cash Flow growth is good.
Revenue is up by 14.8% and 28.8% per year over the past 5 and 10 years. Revenue per Share is up by 7.9% and 11.5% per year over the past 5 and 10 years. Analysts do not expect any growth in Revenues for 2015 and modest growth in 2016. The 12 month period to the end of the first quarter as compared to the 12 month period to the end of 2014, shows revenues to down modestly (less than 1%).
EPS has grown at 16% and 7.5% per year over the past 5 and 10 years. Analysts expect good growth in EPS this year and next year. The 12 month period to the end of the first quarter as compared to the 12 month period to the end of 2014, shows EPS to down by 6.4%.
Cash Flow is up by 15% and 25.4% per year over the past 5 and 10 years. CFPS is up by 8.2% and 8.6% per year over the past 5 and 10 years. Analysts expect cash flow to decline this year and next and then start going up again in 2017. The 12 month period to the end of the first quarter as compared to the 12 month period to the end of 2014, shows Cash Flow is down by 38%.
The Return on Equity has been rather low for this company until last year. Last year the ROE was 9.1% and this year it was over 10% at 10.3%. A problem is that the ROE on comprehensive income is much lower in 2014 than the ROE on Net Income at just 6.9%. This could suggest that the earnings may not be of good quality.
The debt ratios are fine. The Liquidity Ratio is low at 0.89 in 2014. However when you add in Cash Flow less dividends then it is 2.08. The Debt Ratio is the best at 1.57 in 2014. The Leverage and Debt/Equity Ratios are a little high but fine at 2.75 and 1.75 in 2014.
This is the first of two parts. The second part will be posted on Thursday, May 28, 2015 and will be available here. The first part talks about the stock and the second part talks about the stock price.
Progressive Waste Solutions Ltd. are a full-service waste management company providing non-hazardous solid waste collection and landfill disposal services for municipal, commercial, industrial and residential customers in five provinces and ten US states. Two-thirds of their business is in US. The fund operates through its subsidiaries. Its web site is here Progressive Waste.
This blog is meant for educational purposes only, and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.
See my website for stocks followed and investment notes. Follow me on Twitter or StockTwits.
Tuesday, May 26, 2015
Power Financial Corp. 2
Sound bite for Twitter and StockTwits is: Stock is at a good price. In a lot of the stock price testing, the stock price is below the relative median price and this suggests that the price is good. It is not cheap, but rather at a relatively good price. See my spreadsheet at pwf.htm.
I own this stock of Power Financial Corp. (TSX-PWF, OTC- POFNF). When I sold some bonds in 2001, I had money to spend. This was a stock on my hit list and was selling at a reasonable price. This stock was on Mike Higgs' dividend growth stocks and that is why I started a spreadsheet to investigate this stock in the first place.
When I look at insider trading, I find insider selling at $74.3M and no insider buying. Insider selling is at 0.28% of the market cap. This is a bit high. There is insider ownership by the Desmarais Family and they own some 65.7% of the outstanding shares. They have been doing some selling over the past few years. See article linked below. The CEO also owns shares worth around $14.5M or 0.06% of the company.
The 5 year low, median and high median Price/Earnings per Share Ratios are 10.38, 11.87 and 13.17. These are a bit lower than the 10 year values of 10.48, 12.13 and 14.60. The current P/E Ratio is 11.45 based on a stock price of $36.97 and 2015 EPS estimate of $3.23. This testing suggests that the stock price is reasonable, but towards the lower end of the reasonableness scale.
I get a Graham Price of $39.37. The 10 year low, median and high median Price/Graham Price Ratios are 0.83, 1.03 and 1.21 and the current P/GP Ratio is 0.94 based on a stock price of $36.97. This stock price testing suggests that the stock price is reasonable. It is a bit below the median P/GP Ratio and this is good. Also a P/GP Ratio of less than 1.00 shows also that the price is good.
I get a 10 year Price/Book Value per Share Ratio of 1.77 and a current P/B Ratio of 1.73. The current ratio is based on a BVPS of $21.33 and a stock price of $36.97. The current P/B Ratio is 2% lower than the 10 year median ratio. This stock price testing suggests that the stock price is reasonable.
The current Dividend Yield is 4.03%. The 5 year median dividend yield is 13% higher at 4.61%. This testing suggests that the stock price is reasonable, but towards the higher end of the reasonableness scale. However, interests have recently been high historically.
The historical average dividend yield at 3.92% is lower than the current dividend yield by 3%. This suggests that the stock price is reasonable. However, the historical median dividend yield at 2.98% is some 35% lower than the current dividend yield. This testing suggests that the stock price is reasonable, but towards the lower end of the reasonableness scale. Using a median value is thought to be a better reflection of value that an average value.
The analysts' recommendations are Buy and Hold. There are more Hold recommendations than Buy recommendations (4 to 3), so the consensus recommendations is a Hold. The 12 month stock price consensus is $40.70. This implies a total return of 14.12% with 4.03% from dividends and 10.09% from capital gains. This is a good return for an insurance company so it matches more to a Buy recommendation than a Hold recommendation. (That is a think there is a mismatch between the recommendations and expected total return over the next 12 months.)
This Financial Post article of 2014 by Barry Critchley talks about the third time in less than 6 years when the disposed of a major block of stock in Power Corp. Power Corp controls Power Financial Corp. This Financial Post article by Sean Silcoff talks about the restoration of dividend increases for this stock.
This is the second of two parts. The first part was posted on Monday, May 25, 2015 and is available here. The first part talks about the stock and the second part talks about the stock price.
This company is a holding and management company. Its operations provide a range of individual and corporate financial and fiduciary services in North America and Europe. It holds interest in the following companies: Great-West Lifeco, Great-West Life, London Life, Canada Life, Great-West Life & Annuity, Putnam Investments, IGM Financial, Investors Group Mackenzie Financial, and Pargesa Group. Its web site is here Power Financial.
This blog is meant for educational purposes only, and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.
See my website for stocks followed and investment notes. Follow me on Twitter or StockTwits.
I own this stock of Power Financial Corp. (TSX-PWF, OTC- POFNF). When I sold some bonds in 2001, I had money to spend. This was a stock on my hit list and was selling at a reasonable price. This stock was on Mike Higgs' dividend growth stocks and that is why I started a spreadsheet to investigate this stock in the first place.
When I look at insider trading, I find insider selling at $74.3M and no insider buying. Insider selling is at 0.28% of the market cap. This is a bit high. There is insider ownership by the Desmarais Family and they own some 65.7% of the outstanding shares. They have been doing some selling over the past few years. See article linked below. The CEO also owns shares worth around $14.5M or 0.06% of the company.
The 5 year low, median and high median Price/Earnings per Share Ratios are 10.38, 11.87 and 13.17. These are a bit lower than the 10 year values of 10.48, 12.13 and 14.60. The current P/E Ratio is 11.45 based on a stock price of $36.97 and 2015 EPS estimate of $3.23. This testing suggests that the stock price is reasonable, but towards the lower end of the reasonableness scale.
I get a Graham Price of $39.37. The 10 year low, median and high median Price/Graham Price Ratios are 0.83, 1.03 and 1.21 and the current P/GP Ratio is 0.94 based on a stock price of $36.97. This stock price testing suggests that the stock price is reasonable. It is a bit below the median P/GP Ratio and this is good. Also a P/GP Ratio of less than 1.00 shows also that the price is good.
I get a 10 year Price/Book Value per Share Ratio of 1.77 and a current P/B Ratio of 1.73. The current ratio is based on a BVPS of $21.33 and a stock price of $36.97. The current P/B Ratio is 2% lower than the 10 year median ratio. This stock price testing suggests that the stock price is reasonable.
The current Dividend Yield is 4.03%. The 5 year median dividend yield is 13% higher at 4.61%. This testing suggests that the stock price is reasonable, but towards the higher end of the reasonableness scale. However, interests have recently been high historically.
The historical average dividend yield at 3.92% is lower than the current dividend yield by 3%. This suggests that the stock price is reasonable. However, the historical median dividend yield at 2.98% is some 35% lower than the current dividend yield. This testing suggests that the stock price is reasonable, but towards the lower end of the reasonableness scale. Using a median value is thought to be a better reflection of value that an average value.
The analysts' recommendations are Buy and Hold. There are more Hold recommendations than Buy recommendations (4 to 3), so the consensus recommendations is a Hold. The 12 month stock price consensus is $40.70. This implies a total return of 14.12% with 4.03% from dividends and 10.09% from capital gains. This is a good return for an insurance company so it matches more to a Buy recommendation than a Hold recommendation. (That is a think there is a mismatch between the recommendations and expected total return over the next 12 months.)
This Financial Post article of 2014 by Barry Critchley talks about the third time in less than 6 years when the disposed of a major block of stock in Power Corp. Power Corp controls Power Financial Corp. This Financial Post article by Sean Silcoff talks about the restoration of dividend increases for this stock.
This is the second of two parts. The first part was posted on Monday, May 25, 2015 and is available here. The first part talks about the stock and the second part talks about the stock price.
This company is a holding and management company. Its operations provide a range of individual and corporate financial and fiduciary services in North America and Europe. It holds interest in the following companies: Great-West Lifeco, Great-West Life, London Life, Canada Life, Great-West Life & Annuity, Putnam Investments, IGM Financial, Investors Group Mackenzie Financial, and Pargesa Group. Its web site is here Power Financial.
This blog is meant for educational purposes only, and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.
See my website for stocks followed and investment notes. Follow me on Twitter or StockTwits.
Monday, May 25, 2015
Power Financial Corp.
On my other blog I am today writing revising my web site to make it smartphone compatible continue...
Sound bite for Twitter and StockTwits is: Back to Dividend Growth Stock. I stuck it out with insurance companies during their recent bad times as I expected to eventually be rewarded. Several insurance companies have again started to grow their dividends. I expect that the growth will be low as long as interest rates are low. See my spreadsheet at pwf.htm.
I own this stock of Power Financial Corp. (TSX-PWF, OTC- POFNF). When I sold some bonds in 2001, I had money to spend. This was a stock on my hit list and was selling at a reasonable price. This stock was on Mike Higgs' dividend growth stocks and that is why I started a spreadsheet to investigate this stock in the first place.
As with other insurance companies, this company stopped increasing their dividends in 2009. Dividends were flat from 2009 to 2014 inclusive. In 2015 dividends were finally raised again and the increase was for 6.4%. The dividend growth is 0% and 6.7% per year over the past 5 and 10 years. The current dividend yield is quite good at the moment at 4.03%. The 5 year median is higher at 4.6%.
Dividend Payout Ratios are good with the 2014 DPR for EPS at 46.7% and for CFPS at 14.7%. The 5 year median values are for EPS at 58.15 and 16.4%.
The historical median dividend yield is much lower at 3% than the 5 year median dividend yield. If you use the median dividend yield to 2008 it is even lower at 2.8%. Also, the 10 year growth in dividends to 2008 was much higher than the current one at 18.2% per year. The thing is times will not always be tough for insurance companies, and if you are buying them now, you should also look to see what the characteristics of them were prior to 2008.
I bought stock in this company in 2001, 2004 and 2011. My total return is 8.83% per year with 4.75% from capital gains and 4.08% from dividends. I have received some $11.91 per share in dividends and my cost basis per share is 23.23. That means that dividends have covered some 51.35 of my share costs. On the shares I bought in 2001, my dividend yield on my original cost is 7.8%.
The recent total returns have not been that great as this stock, like other insurance companies, took a big hit in 2008. The 5 and 10 years total returns on this stock have been 8.05% and 4.81% per year. The portion of this return attributable to capital gains is at 3.77% and 1.02% per year. The portion of this return attributable to dividends is at 4.28% and 3.79% per year.
The number of outstanding shares has changed over the past 5 and 10 years, increasing only at 0.2% and 0.1%. The shares have increased due to Stock options mostly, but also for Employees Stock Participation Plan. Revenue growth has been moderate over the past 5 and 10 years. EPS growth has been moderate to good over the past 5 and 10 years and Cash Flow growth has been low to moderate over the past 5 and 10 years.
Revenue is up by 5% and 5.7% per year over the past 5 and 10 years. Revenue per Share is up by 4.8% and 5.6% per year over the past 5 and 10 years. Last year, 2014, was a good year for revenue for this company with Revenue up 44%. This year is expected to be good year for Revenue growth also.
EPS growth is up by 9.5% and 3.6% per year over the past 5 and 10 years. Growth in EPS has been good over the past 3 years and is expected to be moderate for this year.
Cash Flow is up by 2% and 5.8% per year over the past 5 and 10 years. CFPS is up by 1.8% and 5.7% per year over the past 5 and 10 years. The problem is 2011 which saw a big drop in cash flow. However, Cash Flow has been growing since then.
The Return on Equity was over 10% until 2008 and has been lower than 10% since then. The ROE for 2014 was just 7.4% and it has a 5 year median of 7.1%. The comprehensive income has varied over time from the ROE on Net Income. The ROE on comprehensive income in 2014 was 7.3% and this has a 5 year median of 7.3%.
The Liquidity Ratio is very good in 2014 and it has generally been very good. The Liquidity Ratio for 2014 is 2.08 and it has a 5 year median of 2.08. As with other financials, the Debt Ratio tends to be rather low and the Leverage and Debt/Equity Ratios tend to be rather high. The Debt Ratio for 2014 is 1.08 and the 5 year median is 1.10. The Leverage and Debt/Equity Ratios for 2014 are 12.93 and 11.93, respectively. The 5 year median values are 11.05 and 9.90.
This is the first of two parts. The second part will be posted on Tuesday, May 26, 2015 and will be available here. The first part talks about the stock and the second part talks about the stock price.
This company is a holding and management company. Its operations provide a range of individual and corporate financial and fiduciary services in North America and Europe. It holds interest in the following companies: Great-West Lifeco, Great-West Life, London Life, Canada Life, Great-West Life & Annuity, Putnam Investments, IGM Financial, Investors Group Mackenzie Financial, and Pargesa Group. Its web site is here Power Financial.
This blog is meant for educational purposes only, and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.
See my website for stocks followed and investment notes. Follow me on Twitter or StockTwits.
Sound bite for Twitter and StockTwits is: Back to Dividend Growth Stock. I stuck it out with insurance companies during their recent bad times as I expected to eventually be rewarded. Several insurance companies have again started to grow their dividends. I expect that the growth will be low as long as interest rates are low. See my spreadsheet at pwf.htm.
I own this stock of Power Financial Corp. (TSX-PWF, OTC- POFNF). When I sold some bonds in 2001, I had money to spend. This was a stock on my hit list and was selling at a reasonable price. This stock was on Mike Higgs' dividend growth stocks and that is why I started a spreadsheet to investigate this stock in the first place.
As with other insurance companies, this company stopped increasing their dividends in 2009. Dividends were flat from 2009 to 2014 inclusive. In 2015 dividends were finally raised again and the increase was for 6.4%. The dividend growth is 0% and 6.7% per year over the past 5 and 10 years. The current dividend yield is quite good at the moment at 4.03%. The 5 year median is higher at 4.6%.
Dividend Payout Ratios are good with the 2014 DPR for EPS at 46.7% and for CFPS at 14.7%. The 5 year median values are for EPS at 58.15 and 16.4%.
The historical median dividend yield is much lower at 3% than the 5 year median dividend yield. If you use the median dividend yield to 2008 it is even lower at 2.8%. Also, the 10 year growth in dividends to 2008 was much higher than the current one at 18.2% per year. The thing is times will not always be tough for insurance companies, and if you are buying them now, you should also look to see what the characteristics of them were prior to 2008.
I bought stock in this company in 2001, 2004 and 2011. My total return is 8.83% per year with 4.75% from capital gains and 4.08% from dividends. I have received some $11.91 per share in dividends and my cost basis per share is 23.23. That means that dividends have covered some 51.35 of my share costs. On the shares I bought in 2001, my dividend yield on my original cost is 7.8%.
The recent total returns have not been that great as this stock, like other insurance companies, took a big hit in 2008. The 5 and 10 years total returns on this stock have been 8.05% and 4.81% per year. The portion of this return attributable to capital gains is at 3.77% and 1.02% per year. The portion of this return attributable to dividends is at 4.28% and 3.79% per year.
The number of outstanding shares has changed over the past 5 and 10 years, increasing only at 0.2% and 0.1%. The shares have increased due to Stock options mostly, but also for Employees Stock Participation Plan. Revenue growth has been moderate over the past 5 and 10 years. EPS growth has been moderate to good over the past 5 and 10 years and Cash Flow growth has been low to moderate over the past 5 and 10 years.
Revenue is up by 5% and 5.7% per year over the past 5 and 10 years. Revenue per Share is up by 4.8% and 5.6% per year over the past 5 and 10 years. Last year, 2014, was a good year for revenue for this company with Revenue up 44%. This year is expected to be good year for Revenue growth also.
EPS growth is up by 9.5% and 3.6% per year over the past 5 and 10 years. Growth in EPS has been good over the past 3 years and is expected to be moderate for this year.
Cash Flow is up by 2% and 5.8% per year over the past 5 and 10 years. CFPS is up by 1.8% and 5.7% per year over the past 5 and 10 years. The problem is 2011 which saw a big drop in cash flow. However, Cash Flow has been growing since then.
The Return on Equity was over 10% until 2008 and has been lower than 10% since then. The ROE for 2014 was just 7.4% and it has a 5 year median of 7.1%. The comprehensive income has varied over time from the ROE on Net Income. The ROE on comprehensive income in 2014 was 7.3% and this has a 5 year median of 7.3%.
The Liquidity Ratio is very good in 2014 and it has generally been very good. The Liquidity Ratio for 2014 is 2.08 and it has a 5 year median of 2.08. As with other financials, the Debt Ratio tends to be rather low and the Leverage and Debt/Equity Ratios tend to be rather high. The Debt Ratio for 2014 is 1.08 and the 5 year median is 1.10. The Leverage and Debt/Equity Ratios for 2014 are 12.93 and 11.93, respectively. The 5 year median values are 11.05 and 9.90.
This is the first of two parts. The second part will be posted on Tuesday, May 26, 2015 and will be available here. The first part talks about the stock and the second part talks about the stock price.
This company is a holding and management company. Its operations provide a range of individual and corporate financial and fiduciary services in North America and Europe. It holds interest in the following companies: Great-West Lifeco, Great-West Life, London Life, Canada Life, Great-West Life & Annuity, Putnam Investments, IGM Financial, Investors Group Mackenzie Financial, and Pargesa Group. Its web site is here Power Financial.
This blog is meant for educational purposes only, and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.
See my website for stocks followed and investment notes. Follow me on Twitter or StockTwits.
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