Linked here is a detailed quantitative analysis of Medtronic Inc. (MDT). Below are some highlights from the above linked analysis: Company Description: Medtronic Inc. is a global medical device manufacturer with leadership positions in the pacemaker, defibrillator, orthopedic, diabetes management and other medical markets.
The company owns a diversified portfolio with a focus on developing products for a wide range of chronic diseases. Although it is exposed to the highly competitive areas of the medical equipment markets, MDT enjoys many competitive advantages including scale (operations and sales), product breadth and financial strength. MDT did not earn any Stars in the Fair Value section, earned one Star in the Dividend Analytical Data section and did not earn any Stars in the Dividend Income vs. MMA section for a total of one Star. This quantitatively ranks MDT as a...
Source: Dividend Growth Stocks
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The silver lining amid this tumult is that stock market declines breed opportunity. Though timing the market can't be done with any consistency, buying high-quality stocks during significant dips and allowing your investment thesis to play out over time tends to be a winning strategy far more often than not. Despite large-cap tech stocks garnering seemingly all of Wall Street's focus at the moment, dividend stocks could be your safest avenue for steady returns. That's because income stocks tend to be profitable, time-tested, and have well-defined long-term growth outlooks.
But why settle for a run-of-the-mill dividend stock when you could have one that delivers an outsize payout? What follows are three ultra-high-yield dividend stocks, with yields ranging from 7.5% to 15.7%, which represent scorching-hot buys in June. These supercharged dividend stocks, with yields ranging from 7.5% to 15.7%, can seriously pad income-seekers' pocketbooks: Verizon Communications-7.54% yield, PennantPark Floating Rate Capital-11.41% yield and Alliance Resource Partners-15.71% yield.
Source: Motley Fool
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What to do, after a month of market crises and volatility? It looks like bank runs have been averted, but inflation remains high and the Fed is trying to tack a middle course between the risks of high prices and higher interest rates. While the market downturn that followed the failure of SVB has receded, it’s left behind a more volatile market that only underscores the uncertain circumstances facing us. So let’s get started looking at stocks that bring both benefits to the table: high dividend yields, of at least 8%, plus a ‘Perfect 10’ from the Smart Score. We’ve pulled up the data on two such names...
First up is a major player in the North American energy scene, Plains GP Holdings (PAGP). Plains operates as a holding company, and owns both a controlling general partner interest and an indirect limited partner interest in Plains All America, one of North America’s largest midstream energy firms. Sticking with midstream energy, a stock sector long known for its high dividends, we’ll turn our attention to Western Midstream Partners (WES). This company operates primarily in the American West, in Texas and the Rocky Mountains, where its network includes 23 gathering systems feeding more than 15,000 miles of pipelines, including 15 for crude oil and natural gas liquids and 6 for natural gas, which in turn supply 72 processing and treating facilities.
Source: TipRanks
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When most people think about dividend stocks, they see them as a source of passive income. However, that's not the only thing they bring to the table. They can also deliver price appreciation as they grow their earnings and dividends. Add up the dividend income and price appreciation, and many dividend stocks outperform the broader stock market's total return.
Five top dividend stocks with a history of producing exceptional total returns are CubeSmart (CUBE), Duke Realty (DRE), Equity LifeStyle (ELS), Extra Space Storage (EXR), and SBA Communications (SBAC). Over the last decade, they have been the five highest performers in the dividend-heavy real estate investment trust (REIT) sector. With plenty of capacity to continue producing leading total returns in the coming years, investors won't want to overlook these REITs.
Source: Motley Fool
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When trouble hits, the first instinct is to run but if you insist on holding your ground, you might want to consider pivoting your funds toward safe dividend stocks to buy. With the broader economic framework incentivizing stability over growth potential, investors are better served focusing on profitable companies that are able to reward their shareholders with consistent passive income.
Fundamentally, when the Fed raises borrowing costs, the net effect is deflationary. Spending diminishes, resulting in households eschewing discretionary purchases for the necessities. In this environment, it’s the most established businesses that generally perform well, which is great news for safe dividend stocks to buy: DG Dollar General Corporation,V Visa Inc., ALL The Allstate Corporation, UNH UnitedHealth Group Incorporated, EOG EOG Resources, Inc., MCD McDonald’s Corporation and AVGO Broadcom Inc.
Source: Oil and Gas 360
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We've been covering some high yield shipping stocks recently in our weekend articles, such as (GNK) and (SBLK). This week, we're taking a look at one that yields 14.44%. Its earnings soared by 3-digit %'s in Q1 '22 and full year 2021, and Q2 '22 should be another good quarter. Valuations, performance, debt load, and yield vs. its industry are covered in this article.
Golden Ocean Group Limited (NASDAQ:GOGL) is another high yielder in the marine shipping industry. GOGL owns and operates a fleet of 87 dry bulk vessels comprised of Newcastlemax, Capesize, Panamax, and Ultramax vessels worldwide. It owns and operates dry bulk vessels in the spot and long term charter markets. The company transports bulk commodities, such as ores, coal, grains, and fertilizers. It was formed in 1996, and is based in Bermuda.
Source: Seeking Alpha
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The seven dividend investments to purchase for profiting despite 2022 pitfalls offer high quality, inflation-protected dividend yield, value rather than growth, free cash flow (FCF) generation and more. Other reasons that led to their recommendation include fund positioning, a pension fund chairman’s input, 2022 earnings outlook versus consensus forecasts and other catalysts. In addition, these seven dividend investments to purchase benefit more from inflation, rising interest rates, heightened gross domestic product (GDP), increased oil prices and wage growth, compared to an equal-weighted 11 sector portfolio.
Exxon Mobil Corp. (NYSE: XOM) shares traded above $70 on Tuesday, Jan. 11, to reach a new 52-week high. Bob Carlson, who heads the Retirement Watch investment newsletter, said his top pick for conservative to moderate investors is Energy Select Sector SPDR ETF (XLE). Mondelez International, Inc. (NASDAQ: MDLZ), a multinational confectionery, food, holding and beverage and snack food company based in Chicago, Illinois, is BofA’s top pick in the Consumer Staples sector. Welltower Inc. (NYSE: WELL), a Toledo, Ohio, real estate investment trust (REIT) that invests in health care infrastructure, is BofA’s preferred choice in the real estate sector. Welltower has been one of the top holdings of one of Carlson’s recommended funds, Cohen & Steers Realty Shares (CSRSX). Kingsport, Tennessee-based Eastman Chemical (NYSE: EMN), an independent global specialty materials company that produces a broad range of advanced materials, chemicals and fibers. CVS Health (NYSE: CVS), of Woonsocket, Rhode Island, is one of the largest health care companies in the United States, providing retail, mail and specialty pharmacy dispensing services and pharmacy benefits.
Source: Dividend Investor
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Three short lessons in dividend investing from the greatest investors of all time share valuable tips from Warren Buffett and others who earned places on the list. These investors have been around for decades, weathering the storms of economic fallout and trying to take advantage of any opportunity that came their way. This article focuses on three short lessons in dividend investing from these great investors to let those who are interested study what they did right and learn from anything they initially did wrong.
Grace Groner was a lesser-known investor who embodied the principle of buy, hold and reinvest. She was not a fund manager and had little financial training, but Groner worked as a secretary at Abbott Laboratories (NYSE:ABT) for 43 years. Early in her career in 1935, she invested $180 in three shares of Abbott. She never sold and instead opted to reinvest all of her dividends. After 75 years, she had $7 million. Lesson 1: Reinvest your Dividend Income, Lesson 2: Make Reliable Investments and Lesson 3: Ignore Short-term Fluctuations
Source: Dividend Investor
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Despite the onset of a new COVID-19 variant called Omicron, the five strategic defense investments to purchase should show resiliency as the U.S. government and its allies seek to maintain military preparedness as threats mount from China, Russia, North Korea and Iran, among other nations. Those four countries recently have gained international notoriety for aggressive military tactics and statements from their leaders who are raising alarm in nearby nations.
McLean, Virginia-based Booz Allen Hamilton Holding Corporation (NYSE: BAH), parent company of management and technology consulting and engineering services firm Booz Allen Hamilton Inc., boasts it has been helping military, government and business leaders solve complex problems for more than 100 years. Leidos Holdings Inc. (NYSE: LDOS), of Reston, Virginia, is a spin-off of Bethesda, Maryland-based Lockheed Martin (NYSE: LMT). The global defense company previously separated out its Information Systems and Global Solutions (IS&GS) segment and folded it into the Leidos security solutions business. Reston, Virginia-based CACI International Inc. (NYSE: CAIC) is a defense contractor that received a $340 price objective and a buy recommendation from BofA. Carlson, who also serves as chairman of the Board of Trustees of Virginia’s Fairfax County Employees’ Retirement System with more than $4 billion in assets, said that his favorite defense fund right now is SPDR S&P Aerospace and Defense (XAR). iShares U.S. Aerospace & Defense (ITA) is concentrated in large and mid-cap companies. A third choice from Carlson is Invesco Aerospace & Defense (PPA), which focuses on large and mid-size companies.
Source: Dividend Investor
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While we don’t know exactly when the market is going to the bottom, it’s fair to say that low-beta stocks can be an attractive place to park some capital until the dust settles. That’s why we’ve put together the following list of 3 defensive dividend stocks to buy now. Let’s take a deeper look at these companies below.
First up is General Mills (GIS), which is one of the largest packaged food manufacturers in the world and the perfect example of a consumer staples company with defensive qualities. Agriculture stocks have been showing a lot of strength during the recent market pullback, and that includes Federal Agriculture Mortage Corp (AGM). I’ve featured Costco (COST) in previous articles and mentioned why it's one of the best big-box retailers to own for the long-term, but it’s also a great dividend stock to consider for its defensive properties.
Source: Entrepreneur
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BDC's offer the retail investor exposure to privately-held firms, which often also are funded by venture capital firms. This stock yields 8.3%, with 1.07 dividend coverage in Q1 2021. NAV/share rose 15% in Q1 2021 vs. Q1 2020.
Net acquisitions hit their highest point in five quarters.
BlackRock TCP Capital Corp (TCPC) is a Business Development Company specializing in direct equity and debt investments in middle-market, senior secured loans, junior loans, originated loans, mezzanine, senior debt instruments, bonds, and secondary-market investments. It seeks to invest in the United States. The fund typically invests between $10M and $35M in companies with enterprise values between $100M and $1500M. It prefers to make equity investments in companies for an ownership stake.
Source: Seeking Alpha
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Business Development Companies, known as BDCs, offer the retail investor exposure to privately-held firms, which often are funded by venture capital firms. However, since they invest in privately-held companies, it's up to BDC's management to keep investors informed on the economic health of their portfolio companies. This BDC yields 10.52%, including quarterly special dividends. It's selling at an -12.80% discount to its 3/31/21 NAV/share. The company recently reported Q1 '21 - updated earnings, valuations and profitability comps vs. the BDC industry are covered in this article.
TCG BDC (CGBD), is a New York-based company which provides debt investments in the U.S. middle market companies. It also invests in first lien and second lien senior secured loans, middle market junior loans, such as corporate mezzanine loans, equity co-investments, syndicated first lien and second lien senior secured loans, high-yield bonds, and structured finance obligations. CGBD is managed by the Carlyle Group, a major asset management firm, with an $15B market cap, and $260 billion of assets under management, as of 3/31/21.
Source: Seeking Alpha
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Why do REIT’s have high payout ratios? Investors looking to invest in real estate investment trusts (REITs) may be intimidated by payout ratios of more than 100%, 200%, or even 300%. Do not fret, since REITs are unique entities and an even better financial metric, Net Funds from Operations, can be used to assess their performance than payout ratios. A REIT is a company that owns, operates, or finances real estate that produces income that mostly goes to its shareholders.
REITs are required by law to distribute more than 90% of their earnings in the form of dividends, meaning all REITs should have a payout ratio of more than 90%. Some REITs, however, will distribute even greater portions of their earnings in which payout ratios climb to well over 100%. Huge payout ratios sound nice, but this could mean a company is unlikely to increase its dividend and may be headed for an inevitable dividend cut. It also may indicate the company is taking on additional debt to pay its shareholders — an unsustainable practice at best. But for REITs, the story is different.
Source: Dividend Investor
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As a replacement for low yielding Treasury bonds (and other bond options), we believe dividend-paying stocks from high quality companies offer low risk and stable, predictable income investors in retirement seek. One approach to recognizing appropriate stocks is to look for companies with an average dividend yield of 3% and positive average annual dividend growth. Numerous stocks hike dividends over time, counterbalancing inflation risks. Here are three dividend-paying stocks retirees should consider for their nest egg portfolio.
Corporate Office Properties (OFC) is currently shelling out a dividend of $0.28 per share, with a dividend yield of 4.35%. In terms of dividend growth, the company's current annualized dividend of $1.1 is flat compared to last year. Piedmont Office (PDM) is paying out a dividend of 0.21 per share at the moment, with a dividend yield of 5.37%. Taking a look at the company's dividend growth, its current annualized dividend of $0.84 is flat compared to last year. Currently paying a dividend of 0.19 per share, Spartan Stores (SPTN) has a dividend yield of 3.49%. Looking at dividend growth, the company's current annualized dividend of $0.77 is up 1.32% from last year.
Source: NASDAQ
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The one knock against this midstream company is its higher risk profile compared with its peers. It has been working to address that issue by taking several steps to improve its probability of success. Because of that progress, it's starting to look like a compelling option for income-seeking investors to consider.
Oasis Midstream Partners (OMP) currently offers income-seeking investors an eye-popping 9% yield. On top of that, the master limited partnership (MLP) believes it can increase that payout at a 20% annual clip through at least 2021. That combination of high yield and high growth could enable Oasis Midstream to generate significant total returns for its investors.
Source: Motley Fool
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Comedian/writer/director Paul Feig wrote a hilarious story called The Big Red Shoe Diaries, which I saw him read live many years ago. It’s a comedy that will have you rolling on the floor, because what’s more amusing than hearing a story about a guy who played Ronald McDonald as a teenager? Besides, McDonald’s (MCD) investors could use something to laugh about lately, considering that the chain is really struggling.
To understand what’s going on with McDonald’s stock, you have to know about how the company handles franchises. This is relevant because when you see McDonald’s second-quarter earnings report, you’ll view the number through that prism. I have cousins that own franchises, and one of them is a hardcore businessman. McDonald’s Corporation will frequently send out suggested or required changes and “improvements,” which are often extremely expensive. It might be something like a whole new grilling apparatus, or an exhaust system. They can cost a fortune. McDonald’s stock is up 0.5% in Thursday’s midday trading, so I guess you can’t keep a good clown down forever. But the only attractive thing about MCD right now is its dividend — and you can find 3%-plus yields with far better growth prospects.
Source: InvestorPlace
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WMT is a member of the S&P 500, a Dividend Aristocrat and a member of the Broad Dividend Achievers™ Index. WMT enjoys dominant positions in most markets where it competes. The company continues to gain market share aided by the economic downturn as consumers choose WMT over higher-cost competitors and take advantage of its convenience. Its unmatched scale leads to favorable terms on everything from the products it sells to store leases and distribution agreements. These advantages are demonstrated in the company's strong free cash flow of $3.63/share for FY 2010, up over 23% from FY 2009 and 2.7 times FY 2008's comparative number of $1.33. The company recently announced an 11% increase in its cash dividend. ...
Source: Dividends Value
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This article originally appeared on The DIV-Net April 5, 2010. Full Disclosure: At the time of this writing, I held no position in LOW (0.0% of my Income Portfolio). See a list of all my income holdings here.
Company Description: Lowe's Companies, Inc. and its subsidiaries operate as a home improvement retailer in the United States and Canada. The company offers a range of products and services for home decoration, maintenance, repair, remodeling, and property maintenance.
Fair Value: I consider four calculations of fair value, see page 2 of the linked PDF for a detailed description:
LOW is trading at a discount to only 1.) above. The stock is trading at a slight discount to its calculated fair value of $24.84. LOW earned a Star in this section since it is trading at a fair value.
Dividend Analytical Data: In this section there are three possible Stars and three key metrics, see page 2 of the linked PDF for a detailed description:
LOW earned two Stars in this section for 2.) and 3.) above. The stock earned a Star as a result of its most recent Debt to Total Capital being less than 45%. LOW earned a Star for having an acceptable score in at least two of the four Key Metrics measured. Rolling 4-yr Div. > 15% means that dividends grew on average in excess of 15% for each consecutive 4 year period over the last 10 years (2000-2003, 2001-2004, 2002-2005, etc.) I consider this a key metric since dividends will double every 5 years if they grow by 15%. The company has paid a cash dividend to shareholders every year since 1961 and has increased its dividend payments for 47 consecutive years.
Dividend Income vs. MMA: Why would you assume the equity risk and invest in a dividend stock if you could earn a better return in a much less risky money market account (MMA)? This section compares the earning ability of this stock with a high yield MMA. Two items are considered in this section, see page 2 of the linked PDF for a detailed description:
LOW earned a Star in this section for its NPV MMA Diff. of the $880. This amount is in excess of the $500 target I look for in a stock that has increased dividends as long as LOW has. If LOW grows its dividend at 15.0% per year, it will take 9 years to equal a MMA yielding an estimated 20-year average rate of 3.98%.
Other: LOW is a member of the S&P 500, a Dividend Aristocrat and a member of the Broad Dividend Achievers™ Index.
Conclusion: LOW earned one Star in the Fair Value section, earned two Stars in the Dividend Analytical Data section and earned one Star in the Dividend Income vs. MMA section for a total of four Stars. This quantitatively ranks LOW as a 4 Star-Buy.
Using my D4L-PreScreen.xls model, I determined the share price would need to increase to $28.44 before LOW's NPV MMA Differential decreased to the $500 minimum that I look for in a stock with 47 years of consecutive dividend increases. At that price the stock would yield 1.23%.
Resetting the D4L-PreScreen.xls model and solving for the dividend growth rate needed to generate the target $500 NPV MMA Differential, the calculated rate is 13.6%. This dividend growth rate is less than the 15.0% used in this analysis, thus providing a margin of safety. LOW has a risk rating of 1.00 which classifies it as a low risk stock.
LOW is a stock that I have watched for some time. It is a well-managed company with a highly automated distribution network. The short-term weakness in the housing market is countered with LOW's long-term prospects given the U.S.'s aging homes and relatively high home ownership. LOW has an excellent balance sheet with low debt and strong free cash flows - which more than doubled in 2009. Even though LOW is trading below my $24.84 fair value price, I hesitate to initiate a position due to its low yield. For additional information, including the stock's dividend history, please refer to its data page.
Disclaimer: Material presented here is for informational purposes only. The above quantitative stock analysis, including the Star rating, is mechanically calculated and is based on historical information. The analysis assumes the stock will perform in the future as it has in the past. This is generally never true. Before buying or selling any stock you should do your own research and reach your own conclusion. See my Disclaimer for more information.
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This article originally appeared on The DIV-Net March 29, 2010. Full Disclosure: At the time of this writing, I held no position in MGRC (0.0% of my Income Portfolio). See a list of all my income holdings here.
Company Description: McGrath RentCorp rents and sells modular buildings and electronic test and measurement equipment; and manufactures and sells portable classrooms.
Fair Value: I consider four calculations of fair value, see page 2 of the linked PDF for a detailed description:
MGRC is trading at a discount to only 1.) above. The stock is trading at a slight discount to its calculated fair value of $25.70. MGRC earned a Star in this section since it is trading at a fair value.
Dividend Analytical Data: In this section there are three possible Stars and three key metrics, see page 2 of the linked PDF for a detailed description:
MGRC earned one Star in this section for 3.) above. MGRC earned a Star for having an acceptable score in at least two of the four Key Metrics measured. The company has paid a cash dividend to shareholders every year since 1990 and has increased its dividend payments for 17 consecutive years.
Dividend Income vs. MMA: Why would you assume the equity risk and invest in a dividend stock if you could earn a better return in a much less risky money market account (MMA)? This section compares the earning ability of this stock with a high yield MMA. Two items are considered in this section, see page 2 of the linked PDF for a detailed description:
MGRC earned a Star in this section for its NPV MMA Diff. of the $2,479. This amount is in excess of the $1,800 target I look for in a stock that has increased dividends as long as MGRC has. If MGRC grows its dividend at 10.3% per year, it will take 2 years to equal a MMA yielding an estimated 20-year average rate of 3.98%. MGRC earned a check for the Key Metric 'Years to >MMA' since its 2 years is less than the 5 year target.
Other: MGRC is a member of the Broad Dividend Achievers™ Index.
Conclusion: MGRC earned one Star in the Fair Value section, earned one Star in the Dividend Analytical Data section and earned one Star in the Dividend Income vs. MMA section for a total of three Stars. This quantitatively ranks MGRC as a 3 Star-Hold.
Using my D4L-PreScreen.xls model, I determined the share price would need to increase to $27.63 before MGRC's NPV MMA Differential decreased to the $1,800 minimum that I look for in a stock with 17 years of consecutive dividend increases. At that price the stock would yield 3.11%.
Resetting the D4L-PreScreen.xls model and solving for the dividend growth rate needed to generate the target $1,800 NPV MMA Differential, the calculated rate is 9.1%. This dividend growth rate is slightly less than the 10.1% used in this analysis, thus providing a small margin of safety. MGRC has a risk rating of 1.50 which classifies it as a low risk stock.
MGRC's debt to total capital is currently at 50% and the company has seen negative free cash flow in 6 of the last 10 years. Even though MGRC is trading below my $25.70 fair value price, I will not give it serious consideration until the company lowers its debt to total capital to below 45% and goes 10 years without negative free cash flow. For additional information, including the stock's dividend history, please refer to its data page.
Disclaimer: Material presented here is for informational purposes only. The above quantitative stock analysis, including the Star rating, is mechanically calculated and is based on historical information. The analysis assumes the stock will perform in the future as it has in the past. This is generally never true. Before buying or selling any stock you should do your own research and reach your own conclusion. See my Disclaimer for more information.
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This article originally appeared on The DIV-Net March 22, 2010. Full Disclosure: At the time of this writing, I was long in KMB (0.7% of my Income Portfolio). See a list of all my income holdings here.
Company Description: Kimberly Clark Corp. is a global consumer products company produces tissue, personal care and health care. Its brands include Huggies, Pull-Ups, Kotex, Depend, Kleenex, Scott and Kimberly-Clark.
Fair Value: I consider four calculations of fair value, see page 2 of the linked PDF for a detailed description:
KMB is trading at a discount to 1.) and 3.) above. The stock is trading at a 21.4% discount to its calculated fair value of $78.13. KMB earned a Star in this section since it is trading at a fair value.
Dividend Analytical Data: In this section there are three possible Stars and three key metrics, see page 2 of the linked PDF for a detailed description:
KMB earned two Stars in this section for 1.) and 3.) above. A Star was earned since the Free Cash Flow payout ratio was less than 60% and there were no negative Free Cash Flows over the last 10 years. KMB earned a Star for having an acceptable score in at least two of the four Key Metrics measured. The company has paid a cash dividend to shareholders every year since 1935 and has increased its dividend payments for 38 consecutive years.
Dividend Income vs. MMA: Why would you assume the equity risk and invest in a dividend stock if you could earn a better return in a much less risky money market account (MMA)? This section compares the earning ability of this stock with a high yield MMA. Two items are considered in this section, see page 2 of the linked PDF for a detailed description:
KMB earned a Star in this section for its NPV MMA Diff. of the $1,556. This amount is in excess of the $500 target I look for in a stock that has increased dividends as long as KMB has. The stock's current yield of 4.3% exceeds the 3.98% estimated 20-year average MMA rate.
Other: KMB is a member of the S&P 500, a Dividend Aristocrat and a member of the Broad Dividend Achievers™ Index.
Conclusion: KMB earned one Star in the Fair Value section, earned two Stars in the Dividend Analytical Data section and earned one Star in the Dividend Income vs. MMA section for a total of four Stars. This quantitatively ranks KMB as a 4 Star-Buy.
Using my D4L-PreScreen.xls model, I determined the share price would need to increase to $87.80 before KMB's NPV MMA Differential decreased to the $500 minimum that I look for in a stock with 38 years of consecutive dividend increases. At that price the stock would yield 3.01%.
Resetting the D4L-PreScreen.xls model and solving for the dividend growth rate needed to generate the target $500 NPV MMA Differential, the calculated rate is 3.0%. This dividend growth rate is less than the 6.7% used in this analysis, thus providing a margin of safety. KMB has a risk rating of 1.75 which classifies it as a medium risk stock.
I have recently avoided KMB due to relatively high debt levels. I generrally look for dividend stocks with debt to total capital less than 45%. Although KMB's at 50% is above that level, it has consistently dropped from 61% back in July to to its present level. This is a sign of good management. I will look to add to my KMB position while it is trading below my $78.13 fair value price. For additional information, including the stock's dividend history, please refer to its data page.
Disclaimer: Material presented here is for informational purposes only. The above quantitative stock analysis, including the Star rating, is mechanically calculated and is based on historical information. The analysis assumes the stock will perform in the future as it has in the past. This is generally never true. Before buying or selling any stock you should do your own research and reach your own conclusion. See my Disclaimer for more information.
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