All posts by Brian Donovan

Brian is a Chartered Business Valuator (CBV) and President of Patchell Brook Equity Analytics Inc. whose flagship product is Stockcalc.com. Stockcalc is a collaborative website for retail investors focused on fundamental valuation.

GMP Capital (GMP:TSE) and Transat A.T. (TRZ:TSE) Trading at Less than Cash Value

I have used the analysis tools on the website stockcalc.com to generate some of the content of this blog post. These tools and reports are available for free at www.stockcalc.com/TopPicks.aspx.

Trading at Less than Cash Value

Today we are looking at companies trading at less than cash value meaning companies whose current share price is less than the cash per share on the balance sheet. We also show the value of cash net debt per share to show how much cash per share would be left if the debt was paid off.

What this Means…

Companies can have more cash per share than the actual share price for a number of reasons including they just raised capital, are in industries that experience high burn rates and will eat through the cash quickly or if there is a lot of uncertainty about the future of the company. Companies earning a positive net income will have a P/E greater than 0 and are worth exploring in more detail.

Today’s Data on TSE

Today’s data is for companies listed on the Toronto Stock Exchange.

Symbol Name Close Price Shares Outstanding P/E P/B Cash per Share Net Cash per Share
GMP GMP Capital Inc 3.740000 89868671 None 1.5133 4.71 3.99
TRZ Transat A.T. Inc 5.180000 36859165 None 0.4111 9.87 13.98
LTS Lightstream Resources Ltd 0.115000 198992000 None None 0.20 -1.60
ZAR Zargon Oil & Gas Ltd 0.710000 30663000 None 0.4198 0.90 -1.91
MM Mood Media Corp 0.065000 183694082 None None 0.12 -3.26
NKO Niko Resources Ltd 0.105000 94049614 0.0280 None 0.26 -2.18
RMX Rubicon Minerals Corp 2.250000 2437497 None None 2.80 -29.28
CZQ Continental Precious Minerals Inc 0.395000 11706896 None 0.8267 0.48 None
GII.UN Global Diversified Investment Grade Income Trust II 0.210000 9778651 10.5000 0.7582 0.26 None
PNC.A Postmedia Network Canada Corp 0.900000 1874639 None None 7.39 -174.82
PNC.B Postmedia Network Canada Corp 0.700000 1874639 None None 7.39 -174.82
CSF Cash Store Financial Services Inc 0.135000 17571813 None None 0.60 -7.59
MNT Royal Canadian Mint 17.340000 4000 0.0017 None 23651.75 11260.75
MNS Royal Canadian Mint 13.970000 4000 0.0013 None 23651.75 11260.75
STP Southern Pacific Resources Corp 0.005000 397959000 None None 0.07 -1.38

Let’s look at a few companies…

Lets look at a couple of the companies on this list to get a better understanding of them.

GMP:TSE GMP Capital

http://www.gmpcapitaltrust.com
GMP Capital has 313 employees and is headquartered in Canada.
GMP Capital Inc is a Canadian independent investment dealer serving corporate, institutional and individual clients. The Company’s integrated business segments include: Capital Markets and Wealth Management.

TRZ:TSE Transat A.T.

http://www.transat.com
Transat A.T. has 5000 employees and is headquartered in Canada.
Transat A.T. Inc is an integrated international tour operator in the Americas. It conducts its activities in the holiday travel industry and markets its products in the Americas and Europe.

Free Valuation

Run a valuation on any of the companies listed above at www.stockcalc.com/valureport.aspx or subscribe at our Stockcalc Facebook Page to receive this list each day Stockcalc Reports.

The content presented here is in part from the website stockcalc.com and is provided on an as is or as available basis with all faults and may not be current in all cases. You should not rely on any of the information as authoritative or as a substitute for the exercise of your own skill and judgment in making an investment decision.

Centrus Energy (LEU:ASE) and Emerson Radio (MSN:ASE) Trading at Less than Cash Value

I have used the analysis tools on the website stockcalc.com to generate some of the content of this blog post. These tools and reports are available for free at www.stockcalc.com/TopPicks.aspx.

Trading at Less than Cash Value

Today we are looking at companies trading at less than cash value meaning companies whose current share price is less than the cash per share on the balance sheet. We also show the value of cash net debt per share to show how much cash per share would be left if the debt was paid off.

What this Means…

Companies can have more cash per share than the actual share price for a number of reasons including they just raised capital, are in industries that experience high burn rates and will eat through the cash quickly or if there is a lot of uncertainty about the future of the company. Companies earning a positive net income will have a P/E greater than 0 and are worth exploring in more detail.

Today’s Data on AMEX

Today’s data is for companies listed on the American Stock Exchange.

Symbol Name Close Price Shares Outstanding P/E P/B Cash per Share Net Cash per Share
LEU Centrus Energy Corp 5.660000 9000000 None None 18.98 -7.03
MSN Emerson Radio Corp 1.100000 27129832 None 0.5523 1.44 0.97
ALN American Lorain Corp 0.590000 38274490 59.0000 0.1147 0.98 -0.62
BRN Barnwell Industries Inc 1.730000 8277160 28.1667 1.0837 1.88 1.88
IMUC ImmunoCellular Therapeutics Ltd 2.610000 3444895 None 0.7730 4.44 None
MPO Midstates Petroleum Co Inc 0.140100 24699900 None None 11.32 -74.90
NSPR InspireMD Inc 2.260000 1432542 None 0.5198 7.31 4.76

Let’s look at a few companies…

Lets look at a couple of the companies on this list to get a better understanding of them.

LEU:ASE Centrus Energy

http://www.centrusenergy.com
Centrus Energy has 446 employees and is headquartered in United States.
Centrus Energy Corp is engaged in supplying low enriched uranium (LEU) for commercial nuclear power plants. The LEU is used for the production of nuclear fuel for reactors to produce electricity.

MSN:ASE Emerson Radio

http://www.emersonradio.com
Emerson Radio has 32 employees and is headquartered in United States.
Emerson Radio Corp designs, sources, imports and markets housewares and consumer electronic products and licenses its trademarks to others for products domestically and internationally.

Free Valuation

Run a valuation on any of the companies listed above at www.stockcalc.com/valureport.aspx or subscribe at our Stockcalc Facebook Page to receive this list each day Stockcalc Reports.

The content presented here is in part from the website stockcalc.com and is provided on an as is or as available basis with all faults and may not be current in all cases. You should not rely on any of the information as authoritative or as a substitute for the exercise of your own skill and judgment in making an investment decision.

Royal Bank of Canada (RY:TSE) and Total (TOT:NYS) Upgraded

I have used the analysis tools on the website stockcalc.com to generate some of the content of this blog post. These tools and reports are available for free at www.stockcalc.com/toppicks.aspx.

Upgraded Stocks on NYSE, NASDAQ, AMEX, TSE, and TSX

Today we are looking at companies whose share price has been upgraded by at least one analyst in the last few days.

Why Do Companies Get Upgraded?

Companies can get upgraded for a number of reasons, but primarily due to improved future earnings potential due to new contracts, new products, cost savings or restructuring.

In the list below you can see the number of analysts we have in the StockCalc database along with the number of buy-hold-sell on the company.

Today’s Data on NYSE, NASDAQ, AMEX, TSE, and TSX

Below we have today’s data for companies listed on all of the New York Stock Exchange, NASDAQ Stock Exchange, American Stock Exchange, Toronto Stock Exchange, and TSX Venture Exchange.

New York Stock Exchange
Symbol Name Buy Out Perform Hold Under Perform Sell No Opinion Mean Rating Prev Mean Rating Mean Label
TOT Total SA 3 0 3 0 0 0 4.0000 3.6667 Outperform
RY Royal Bank of Canada 5 2 3 0 0 0 4.2000 4.0909 Outperform
BNS Bank of Nova Scotia 4 3 4 0 0 0 4.0000 3.9167 Outperform
RY/PT Royal Bank of Canada 5 2 3 0 0 0 4.2000 4.0909 Outperform
DAL Delta Air Lines Inc 4 0 2 0 0 0 4.3333 4.0000 Outperform
CM Canadian Imperial Bank of Commerce 1 0 8 0 1 0 3.0000 2.8182 Hold
ABX Barrick Gold Corp 8 0 7 0 1 0 3.8750 3.8000 Outperform
MSI Motorola Solutions Inc 3 0 2 1 0 0 3.8333 3.6000 Outperform
AEM Agnico Eagle Mines Ltd 4 1 7 0 1 0 3.5385 3.4167 Outperform
GOL Gol Intelligent Airlines Inc 1 0 1 0 0 0 4.0000 3.0000 Outperform
XYL Xylem Inc 4 0 4 0 0 0 4.0000 3.8750 Outperform
X United States Steel Corp 2 0 1 0 0 0 4.3333 3.6667 Outperform
CFR Cullen/Frost Bankers Inc 0 0 4 1 1 0 2.5000 2.3333 Underperform
KGC Kinross Gold Corp 4 2 8 0 0 0 3.7143 3.6154 Outperform
RICE Rice Energy Inc 4 0 1 0 0 0 4.6000 4.2000 Buy
TKR The Timken Co 2 0 2 0 0 0 4.0000 3.5000 Outperform
SBH Sally Beauty Holdings Inc 1 0 1 0 0 0 4.0000 3.0000 Outperform
JELD JELD-WEN Holding Inc 1 0 0 0 0 0 5.0000 0.0000 Buy
WLL Whiting Petroleum Corp 1 0 5 0 0 0 3.3333 3.2857 Hold
TAHO Tahoe Resources Inc 8 1 2 0 0 0 4.5455 4.4444 Buy
AGI Alamos Gold Inc 3 1 3 0 0 0 4.0000 3.8333 Outperform
IAG Iamgold Corp 4 2 6 0 2 0 3.4286 3.3333 Hold
AG First Majestic Silver Corp 3 1 4 0 0 0 3.8750 3.7143 Outperform
ECR Eclipse Resources Corp 2 0 2 0 0 0 4.0000 3.5000 Outperform
PFSI PennyMac Financial Services Inc 1 0 0 0 0 0 5.0000 3.0000 Buy
Toronto Stock Exchange
Symbol Name Buy Out Perform Hold Under Perform Sell No Opinion Mean Rating Prev Mean Rating Mean Label
RY Royal Bank of Canada 5 2 3 0 0 0 4.2000 4.0909 Outperform
BNS Bank of Nova Scotia 4 3 4 0 0 0 4.0000 3.9167 Outperform
BMO Bank of Montreal 1 1 7 0 0 0 3.3333 3.3000 Hold
CM Canadian Imperial Bank of Commerce 1 0 8 0 1 0 3.0000 2.8182 Hold
ABX Barrick Gold Corp 8 0 7 0 1 0 3.8750 3.8000 Outperform
AEM Agnico Eagle Mines Ltd 4 1 7 0 1 0 3.5385 3.4167 Outperform
CTC Canadian Tire Corp Ltd 3 2 3 0 0 0 4.0000 3.8889 Outperform
CTC.A Canadian Tire Corp Ltd 3 2 3 0 0 0 4.0000 3.8889 Outperform
MRU Metro Inc 0 3 4 0 0 0 3.4286 3.1250 Hold
K Kinross Gold Corp 4 2 8 0 0 0 3.7143 3.6154 Outperform
IAG Industrial Alliance Insurance and Financial Services Inc 1 1 5 0 1 0 3.1250 3.1111 Hold
YRI Yamana Gold Inc 5 2 6 0 0 0 3.9231 3.9091 Outperform
BTO B2Gold Corp 7 4 1 0 0 0 4.5000 4.4545 Outperform
THO Tahoe Resources Inc 8 1 2 0 0 0 4.5455 4.4444 Buy
AGI Alamos Gold Inc 3 1 3 0 0 0 4.0000 3.8333 Outperform
IMG Iamgold Corp 4 2 6 0 2 0 3.4286 3.3333 Hold
CWB Canadian Western Bank 0 0 8 0 1 0 2.7778 2.6000 Hold
FR First Majestic Silver Corp 3 1 4 0 0 0 3.8750 3.7143 Outperform
LB Laurentian Bank of Canada 2 1 4 0 1 0 3.3750 3.3333 Hold
SES Secure Energy Services Inc 8 4 1 0 0 0 4.5385 4.4615 Buy
FRC Canyon Services Group Inc 7 4 1 0 0 0 4.5000 4.3333 Outperform
PTM Platinum Group Metals Ltd 2 1 0 0 0 0 4.6667 4.5000 Buy
TSX Venture Exchange
Symbol Name Buy Out Perform Hold Under Perform Sell No Opinion Mean Rating Prev Mean Rating Mean Label
FPC Falco Resources Ltd 1 0 0 0 0 0 5.0000 4.5000 Buy
JTR GreenSpace Brands Inc 4 1 0 0 0 0 4.8000 4.7500 Buy
GWM Galway Metals Inc 0 1 0 0 0 0 4.0000 0.0000 Outperform
AGI.WT Alamos Gold Inc 3 1 3 0 0 0 4.0000 3.8333 Outperform
American Stock Exchange
Symbol Name Buy Out Perform Hold Under Perform Sell No Opinion Mean Rating Prev Mean Rating Mean Label
BTG B2Gold Corp 7 4 1 0 0 0 4.5000 4.4545 Outperform
PLG Platinum Group Metals Ltd 2 1 0 0 0 0 4.6667 4.5000 Buy
NBY NovaBay Pharmaceuticals Inc 1 0 1 0 0 0 4.0000 3.0000 Outperform
NASDAQ
Symbol Name Buy Out Perform Hold Under Perform Sell No Opinion Mean Rating Prev Mean Rating Mean Label
AAL American Airlines Group Inc 1 0 4 0 0 0 3.4000 3.0000 Hold
TROW T. Rowe Price Group Inc 3 1 2 0 0 0 4.1667 4.0000 Outperform
LOGM LogMeIn Inc 1 0 1 0 0 0 4.0000 3.0000 Outperform
PRXL Parexel International Corp 0 0 5 0 1 0 2.6667 2.4000 Hold
GLUU Glu Mobile Inc 1 0 3 0 0 0 3.5000 3.0000 Hold
VRAY ViewRay Inc 1 0 0 0 0 0 5.0000 0.0000 Buy
PSIX Power Solutions International Inc 1 0 0 0 0 0 5.0000 4.3333 Buy
APRI Apricus Biosciences Inc 0 1 0 0 0 0 4.0000 3.5000 Outperform

Let’s look at a few companies…

Lets look at a couple of the companies on this list to get a better understanding of them.

RY:TSE Royal Bank of Canada

http://www.rbc.com
Royal Bank of Canada has 80000 employees and is headquartered in Canada.
Royal Bank of Canada is a financial services company which provides personal and commercial banking, wealth management services, insurance, corporate and investment banking and transaction processing services.

TOT:NYS Total

http://www.total.com
Total has 96019 employees and is headquartered in France.
Total SA s an integrated oil and gas company. It is engaged in the oil industry, including upstream (hydrocarbon exploration, development and production) and downstream (refining, petrochemicals, specialty chemicals, among others).

Free Valuation

Run a valuation on any of the companies listed above at www.stockcalc.com/valureport.aspx or subscribe at our Stockcalc Facebook Page to receive this list each day Stockcalc Reports.

The content presented here is in part from the website stockcalc.com and is provided on an as is or as available basis with all faults and may not be current in all cases. You should not rely on any of the information as authoritative or as a substitute for the exercise of your own skill and judgment in making an investment decision.

PepsiCo (PEP:NYS) Downgraded

I have used the analysis tools on the website stockcalc.com to generate some of the content of this blog post. These tools and reports are available for free at www.stockcalc.com/toppicks.aspx.

Downgraded Stocks on NYSE, NASDAQ, AMEX, TSE, and TSX

Today we are looking at companies whose share price has been downgraded by at least one analyst in the last few days.

Why Do Companies Get Downgraded?

Companies can get downgraded for a number of reasons but primarily due to reduced future earnings potential due to loss of contracts, faultering product lines, increasing costs relative to revenue or financial risk.

In the list below you can see the number of analysts we have in the StockCalc database along with the number of buy-hold-sell on the company.

Today’s Data on NYSE, NASDAQ, AMEX, TSE, and TSX

Below we have today’s data for companies listed on all of the New York Stock Exchange, NASDAQ Stock Exchange, American Stock Exchange, Toronto Stock Exchange, and TSX Venture Exchange.

New York Stock Exchange
Symbol Name Buy Out Perform Hold Under Perform Sell No Opinion Mean Rating Prev Mean Rating Mean Label
PEP PepsiCo Inc 5 0 2 0 0 0 4.4286 4.5000 Outperform
TD The Toronto-Dominion Bank 3 2 5 0 0 0 3.8000 3.9091 Outperform
MTU Mitsubishi UFJ Financial Group Inc 0 0 1 0 0 0 3.0000 4.0000 Hold
ING ING Groep NV 0 0 1 0 0 0 3.0000 4.0000 Hold
BT BT Group PLC 2 1 0 0 0 0 4.6667 4.7500 Buy
MFC Manulife Financial Corp 4 3 4 0 0 0 4.0000 4.0833 Outperform
HUM Humana Inc 1 0 5 0 0 0 3.3333 3.5714 Hold
SLF Sun Life Financial Inc 4 2 5 0 0 0 3.9091 4.0000 Outperform
DLPH Delphi Automotive PLC 5 0 1 1 0 0 4.2857 4.4286 Outperform
KEY KeyCorp 3 0 5 1 0 0 3.5556 3.6667 Outperform
RF Regions Financial Corp 2 0 5 1 1 0 3.1111 3.3333 Hold
MMP Magellan Midstream Partners LP 3 0 3 0 0 0 4.0000 4.3333 Outperform
A Agilent Technologies Inc 2 0 1 1 0 0 3.7500 4.0000 Outperform
GG Goldcorp Inc 3 2 7 0 2 0 3.2857 3.3077 Hold
SXL Sunoco Logistics Partners LP 3 0 2 0 0 0 4.2000 4.4000 Outperform
AOS A.O. Smith Corp 2 0 3 0 0 0 3.8000 4.0000 Outperform
AR Antero Resources Corp 2 1 1 0 0 0 4.2500 4.6667 Outperform
ZNH China Southern Airlines Co Ltd 0 0 2 0 0 0 3.0000 4.0000 Hold
AN AutoNation Inc 1 0 4 1 1 0 2.8571 3.1429 Hold
VR Validus Holdings Ltd 0 0 2 0 0 0 3.0000 4.0000 Hold
CAE CAE Inc 1 0 8 0 0 0 3.2222 3.2500 Hold
EGO Eldorado Gold Corp 5 3 6 0 0 0 3.9286 4.0714 Outperform
VSTO Vista Outdoor Inc 0 0 2 0 0 0 3.0000 4.0000 Hold
PMT PennyMac Mortgage Investment Trust 0 0 2 0 0 0 3.0000 4.0000 Hold
Toronto Stock Exchange
Symbol Name Buy Out Perform Hold Under Perform Sell No Opinion Mean Rating Prev Mean Rating Mean Label
TD The Toronto-Dominion Bank 3 2 5 0 0 0 3.8000 3.9091 Outperform
MFC Manulife Financial Corp 4 3 4 0 0 0 4.0000 4.0833 Outperform
SLF Sun Life Financial Inc 4 2 5 0 0 0 3.9091 4.0000 Outperform
L Loblaw Companies Ltd 3 2 2 0 0 0 4.1429 4.2500 Outperform
G Goldcorp Inc 3 2 7 0 2 0 3.2857 3.3077 Hold
WN George Weston Ltd 0 2 2 0 0 0 3.5000 3.8000 Hold
ALA AltaGas Ltd 2 1 5 0 0 0 3.6250 3.7500 Outperform
CAE CAE Inc 1 0 8 0 0 0 3.2222 3.2500 Hold
EMP.A Empire Co Ltd 0 0 5 0 2 0 2.4286 2.5000 Underperform
ELD Eldorado Gold Corp 5 3 6 0 0 0 3.9286 4.0714 Outperform
CEE Centamin PLC 4 1 2 0 0 0 4.2857 4.5714 Outperform
NGD New Gold Inc 2 1 9 0 2 0 3.0714 3.0769 Hold
FN First National Financial Corp 0 0 4 0 0 0 3.0000 3.5000 Hold
NSU Nevsun Resources Ltd 2 2 4 0 0 0 3.7500 3.7778 Outperform
IAE Ithaca Energy Inc 5 1 2 0 2 0 3.7000 4.1000 Outperform
TDG Trinidad Drilling Ltd 2 1 3 0 1 0 3.4286 3.8333 Hold
CFW Calfrac Well Services Ltd 3 1 8 0 2 0 3.2143 3.3571 Hold
AUG Auryn Resources Inc 1 3 0 0 0 0 4.2500 4.3333 Outperform
RMX Rubicon Minerals Corp 0 2 1 0 0 0 3.6667 4.0000 Outperform
TSX Venture Exchange
Symbol Name Buy Out Perform Hold Under Perform Sell No Opinion Mean Rating Prev Mean Rating Mean Label
EMC Emblem Corp 1 1 0 0 0 0 4.5000 5.0000 Outperform
American Stock Exchange
Symbol Name Buy Out Perform Hold Under Perform Sell No Opinion Mean Rating Prev Mean Rating Mean Label
NGD New Gold Inc 2 1 9 0 2 0 3.0714 3.0769 Hold
NSU Nevsun Resources Ltd 2 2 4 0 0 0 3.7500 3.7778 Outperform
NASDAQ
Symbol Name Buy Out Perform Hold Under Perform Sell No Opinion Mean Rating Prev Mean Rating Mean Label
NVDA NVIDIA Corp 4 0 4 0 1 0 3.6667 3.8889 Outperform
BLUE bluebird bio Inc 2 0 1 0 1 0 3.5000 4.0000 Hold
MNTA Momenta Pharmaceuticals Inc 1 0 1 1 2 0 2.4000 2.6000 Underperform
ACBI Atlantic Capital Bancshares Inc 0 0 1 0 0 0 3.0000 5.0000 Hold

Let’s look at one of the companies…

Lets look at a company on this list to get a better understanding of them.

PEP:NYS PepsiCo

http://www.pepsico.com
PepsiCo has 263000 employees and is headquartered in United States.
PepsiCo Inc is a food, snack and beverage company. The Company manufactures, markets, distributes and sells convenient and enjoyable beverages, foods and snacks, serving customers and consumers in more than 200 countries and territories.

Free Valuation

Run a valuation on any of the companies listed above at www.stockcalc.com/valureport.aspx or subscribe at our Stockcalc Facebook Page to receive this list each day Stockcalc Reports.

The content presented here is in part from the website stockcalc.com and is provided on an as is or as available basis with all faults and may not be current in all cases. You should not rely on any of the information as authoritative or as a substitute for the exercise of your own skill and judgment in making an investment decision.

General Motors (GMM.U:TSE) and Sprint (S:NYS) Upgraded

I have used the analysis tools on the website stockcalc.com to generate some of the content of this blog post. These tools and reports are available for free at www.stockcalc.com/toppicks.aspx.

Upgraded Stocks on NYSE, NASDAQ, AMEX, TSE, and TSX

Today we are looking at companies whose share price has been upgraded by at least one analyst in the last few days.

Why Do Companies Get Upgraded?

Companies can get upgraded for a number of reasons, but primarily due to improved future earnings potential due to new contracts, new products, cost savings or restructuring.

In the list below you can see the number of analysts we have in the StockCalc database along with the number of buy-hold-sell on the company.

Today’s Data on NYSE, NASDAQ, AMEX, TSE, and TSX

Below we have today’s data for companies listed on all of the New York Stock Exchange, NASDAQ Stock Exchange, American Stock Exchange, Toronto Stock Exchange, and TSX Venture Exchange.

New York Stock Exchange
Symbol Name Buy Out Perform Hold Under Perform Sell No Opinion Mean Rating Prev Mean Rating Mean Label
MRK Merck & Co Inc 4 1 1 0 0 0 4.5000 4.3333 Outperform
GM General Motors Co 2 1 4 0 0 0 3.7143 3.5714 Outperform
S Sprint Corp 0 0 8 0 1 0 2.7778 2.7500 Hold
MPC Marathon Petroleum Corp 4 1 0 0 0 0 4.8000 4.4000 Buy
AVB AvalonBay Communities Inc 3 0 3 0 0 0 4.0000 3.6667 Outperform
PH Parker Hannifin Corp 3 0 4 0 0 0 3.8571 3.5714 Outperform
MMP Magellan Midstream Partners LP 5 0 1 0 0 0 4.6667 4.6000 Buy
MJN Mead Johnson Nutrition Co 0 1 3 0 0 0 3.2500 3.0000 Hold
TECK Teck Resources Ltd 7 2 1 0 1 0 4.2727 4.2000 Outperform
OLN Olin Corp 1 0 2 0 0 0 3.6667 3.0000 Outperform
USG USG Corp 3 1 3 0 0 0 4.0000 3.8333 Outperform
Toronto Stock Exchange
Symbol Name Buy Out Perform Hold Under Perform Sell No Opinion Mean Rating Prev Mean Rating Mean Label
GMM.U General Motors Co 2 1 4 0 0 0 3.7143 3.5714 Outperform
TECK.A Teck Resources Ltd 7 2 1 0 1 0 4.2727 4.2000 Outperform
TECK.B Teck Resources Ltd 7 2 1 0 1 0 4.2727 4.2000 Outperform
FM First Quantum Minerals Ltd 7 2 1 0 0 0 4.6000 4.5556 Buy
NVA NuVista Energy Ltd 7 5 1 0 0 0 4.4615 4.3077 Outperform
ATH Athabasca Oil Corp 3 2 2 0 1 0 3.7500 3.5714 Outperform
AZ Arizona Mining Inc 2 3 0 0 0 0 4.4000 4.2500 Outperform
CS Capstone Mining Corp 4 4 4 0 0 0 4.0000 3.9091 Outperform
TV Trevali Mining Corp 2 3 0 0 0 0 4.4000 4.2500 Outperform
PHX PHX Energy Services Corp 0 2 1 0 0 0 3.6667 3.0000 Outperform
IBG IBI Group Inc 1 2 1 0 0 0 4.0000 3.8000 Outperform
SOX Stuart Olson Inc 2 0 4 0 1 0 3.2857 3.0000 Hold
NASDAQ
Symbol Name Buy Out Perform Hold Under Perform Sell No Opinion Mean Rating Prev Mean Rating Mean Label
MAT Mattel Inc 2 1 0 0 0 0 4.6667 4.3333 Buy
BIVV Bioverativ Inc 1 0 0 0 0 0 5.0000 0.0000 Buy
MSTR MicroStrategy Inc 2 0 1 0 0 0 4.3333 4.0000 Outperform
CHUBA CommerceHub Inc 1 0 0 0 0 0 5.0000 0.0000 Buy
CHUBK CommerceHub Inc 1 0 0 0 0 0 5.0000 0.0000 Buy

Let’s look at a few companies…

Lets look at a couple of the companies on this list to get a better understanding of them.

GMM.U:TSE General Motors

https://www.gm.com
General Motors has 215000 employees and is headquartered in United States.
General Motors Company designs, builds and sells cars, trucks and automobile parts. The Company also provides automotive financing services through General Motors Financial Company, Inc.

S:NYS Sprint

http://www.sprint.com
Sprint has 30000 employees and is headquartered in United States.
Sprint Corp is a communications company offering wireless and wireline communications products and services to individual consumers, businesses, government subscribers and resellers.

Free Valuation

Run a valuation on any of the companies listed above at www.stockcalc.com/valureport.aspx or subscribe at our Stockcalc Facebook Page to receive this list each day Stockcalc Reports.

The content presented here is in part from the website stockcalc.com and is provided on an as is or as available basis with all faults and may not be current in all cases. You should not rely on any of the information as authoritative or as a substitute for the exercise of your own skill and judgment in making an investment decision.

Novo Nordisk (NVO:NYS) and National Grid (NGG:NYS) Downgraded

I have used the analysis tools on the website stockcalc.com to generate some of the content of this blog post. These tools and reports are available for free at www.stockcalc.com/toppicks.aspx.

Downgraded Stocks on NYSE, NASDAQ, AMEX, TSE, and TSX

Today we are looking at companies whose share price has been downgraded by at least one analyst in the last few days.

Why Do Companies Get Downgraded?

Companies can get downgraded for a number of reasons but primarily due to reduced future earnings potential due to loss of contracts, faultering product lines, increasing costs relative to revenue or financial risk.

In the list below you can see the number of analysts we have in the StockCalc database along with the number of buy-hold-sell on the company.

Today’s Data on NYSE, NASDAQ, AMEX, TSE, and TSX

Below we have today’s data for companies listed on all of the New York Stock Exchange, NASDAQ Stock Exchange, American Stock Exchange, Toronto Stock Exchange, and TSX Venture Exchange.

New York Stock Exchange
Symbol Name Buy Out Perform Hold Under Perform Sell No Opinion Mean Rating Prev Mean Rating Mean Label
WFC Wells Fargo & Co 3 0 5 0 0 0 3.7500 3.8750 Outperform
NVO Novo Nordisk A/S 0 0 2 0 1 0 2.3333 2.6667 Underperform
NGG National Grid PLC 1 0 4 0 1 0 3.0000 3.2857 Hold
ANTM Anthem Inc 4 0 2 1 0 0 4.0000 4.1429 Outperform
JCI Johnson Controls International PLC 4 1 2 0 0 0 4.2857 4.5714 Outperform
MMC Marsh & McLennan Companies Inc 3 0 0 1 0 0 4.2500 4.5000 Outperform
BSX Boston Scientific Corp 4 0 3 1 0 0 3.8750 4.0000 Outperform
ZBH Zimmer Biomet Holdings Inc 4 0 3 0 1 0 3.7500 3.8750 Outperform
WEC WEC Energy Group Inc 3 0 2 1 0 0 3.8333 4.0000 Outperform
GIB CGI Group Inc 7 5 1 1 1 0 4.0667 4.1333 Outperform
ANTX Anthem Inc 4 0 2 1 0 0 4.0000 4.1429 Outperform
CE Celanese Corp 2 0 1 1 1 0 3.2000 3.4000 Hold
URI United Rentals Inc 2 0 8 0 0 0 3.4000 3.6000 Hold
CCJ Cameco Corp 2 2 4 0 0 0 3.7500 3.8750 Outperform
SBH Sally Beauty Holdings Inc 0 0 1 0 0 0 3.0000 5.0000 Hold
EVR Evercore Partners Inc 0 0 1 1 0 0 2.5000 3.0000 Underperform
P Pandora Media Inc 4 0 2 0 0 0 4.3333 4.6667 Outperform
HBM Hudbay Minerals Inc 6 3 4 0 0 0 4.1538 4.2500 Outperform
FIT Fitbit Inc 0 0 4 0 0 0 3.0000 3.5000 Hold
TSQ Townsquare Media Inc 1 0 1 0 0 0 4.0000 5.0000 Outperform
MIXT MiX Telematics Ltd 2 0 1 0 0 0 4.3333 5.0000 Outperform
Toronto Stock Exchange
Symbol Name Buy Out Perform Hold Under Perform Sell No Opinion Mean Rating Prev Mean Rating Mean Label
GIB.A CGI Group Inc 7 5 1 1 1 0 4.0667 4.1333 Outperform
CCO Cameco Corp 2 2 4 0 0 0 3.7500 3.8750 Outperform
HBM Hudbay Minerals Inc 6 3 4 0 0 0 4.1538 4.2500 Outperform
SMF Semafo Inc 6 3 2 0 0 0 4.3636 4.4545 Outperform
NSU Nevsun Resources Ltd 2 3 4 0 0 0 3.7778 3.8750 Outperform
XSR Sirius XM Canada Holdings Inc 0 0 4 0 1 0 2.6000 3.0000 Hold
ACQ AutoCanada Inc 1 1 3 0 1 0 3.1667 3.3333 Hold
DML Denison Mines Corp 2 1 3 0 0 0 3.8333 4.0000 Outperform
TKO Taseko Mines Ltd 0 2 5 0 0 0 3.2857 3.3333 Hold
PNE Pine Cliff Energy Ltd 3 3 4 0 0 0 3.9000 4.1000 Outperform
CMMC Copper Mountain Mining Corp 1 1 2 0 1 0 3.2000 3.7500 Hold
TSX Venture Exchange
Symbol Name Buy Out Perform Hold Under Perform Sell No Opinion Mean Rating Prev Mean Rating Mean Label
MQX Marquee Energy Ltd 1 4 2 0 0 0 3.8571 4.1429 Outperform
PNE.R Pine Cliff Energy Ltd 3 3 4 0 0 0 3.9000 4.1000 Outperform
American Stock Exchange
Symbol Name Buy Out Perform Hold Under Perform Sell No Opinion Mean Rating Prev Mean Rating Mean Label
NSU Nevsun Resources Ltd 2 3 4 0 0 0 3.7778 3.8750 Outperform
DNN Denison Mines Corp 2 1 3 0 0 0 3.8333 4.0000 Outperform
TGB Taseko Mines Ltd 0 2 5 0 0 0 3.2857 3.3333 Hold
NASDAQ
Symbol Name Buy Out Perform Hold Under Perform Sell No Opinion Mean Rating Prev Mean Rating Mean Label
FB Facebook Inc 10 0 3 0 1 0 4.2857 4.4286 Outperform
HBAN Huntington Bancshares Inc 3 0 3 1 0 0 3.7143 3.8333 Outperform
CHRW C.H. Robinson Worldwide Inc 2 0 5 1 1 0 3.1111 3.2222 Hold
TSCO Tractor Supply Co 4 0 4 0 0 0 4.0000 4.1250 Outperform
GOLD Randgold Resources Ltd 2 1 2 0 0 0 4.0000 4.2000 Outperform
QRVO Qorvo Inc 3 0 1 1 0 0 4.0000 4.2000 Outperform
QGEN Qiagen NV 0 0 1 1 0 0 2.5000 3.3333 Underperform
KITE Kite Pharma Inc 5 1 1 0 0 0 4.5714 4.8333 Buy
JUNO Juno Therapeutics Inc 1 0 1 0 0 0 4.0000 5.0000 Outperform
EGOV NIC Inc 0 0 1 0 1 0 2.0000 3.0000 Underperform
FFIC Flushing Financial Corp 0 0 1 0 0 0 3.0000 5.0000 Hold

Let’s look at a few companies…

Lets look at a couple of the companies on this list to get a better understanding of them.

NVO:NYS Novo Nordisk

http://www.novonordisk.com
Novo Nordisk has 42600 employees and is headquartered in Denmark.
Novo Nordisk A/S is a healthcare company that is engaged in the discovery, development, manufacturing and marketing of pharmaceutical products. The Company has two business segments: diabetes & obesity care and biopharmaceuticals.

NGG:NYS National Grid

http://www.nationalgrid.com
National Grid has 25068 employees and is headquartered in United Kingdom.
National Grid PLC is engaged in transmission and distribution of electricity and gas. Its segment includes UK Transmission, UK Gas Distribution, and US Regulated.

Free Valuation

Run a valuation on any of the companies listed above at www.stockcalc.com/valureport.aspx or subscribe at our Stockcalc Facebook Page to receive this list each day Stockcalc Reports.

The content presented here is in part from the website stockcalc.com and is provided on an as is or as available basis with all faults and may not be current in all cases. You should not rely on any of the information as authoritative or as a substitute for the exercise of your own skill and judgment in making an investment decision.

Canadian Natural (CNQ:TSE) and Canadian Pacific Railway (CP:TSE) Are Undervalued

I have used the analysis tools on the website stockcalc.com to generate some of the content of this blog post. These tools and reports are available for free at www.stockcalc.com/TopPicks.aspx.

Undervalued Stocks on TSE

Today we are looking at companies that are considered undervalued based on the Analyst data in the StockCalc database.

In the table below we can see the close price and target price for these companies along with the number of analysts covering the stock. We also have included the fiscal year for the target price as sometimes these analyst targets are not for the current or even the next fiscal year.

There can be a number of reasons why a company would be on this list. What is particularly interesting are companies with a large analyst following that make this list. We need to dig deeper into these companies to understand why the difference in price versus target.

Today’s Data on TSE

Today’s data is for companies listed on the Toronto Stock Exchange.

Symbol Name Target Year Close Price Target Price Mean Currency Target Price # of Estimates
CNQ Canadian Natural Resources Ltd 2017 40.320000 50.2857 CAD 14
CP Canadian Pacific Railway Ltd 2017 194.210000 218.9128 CAD 13
L Loblaw Companies Ltd 2017 67.400000 79.6667 CAD 9
GIB.A CGI Group Inc 2017 63.160000 73.3214 CAD 14
WN George Weston Ltd 2017 110.130000 127.6000 CAD 5
DOL Dollarama Inc 2017 97.960000 113.5455 CAD 11
CTC.A Canadian Tire Corp Ltd 2017 140.070000 159.6000 CAD 10
CCL.A CCL Industries Inc 2017 260.000000 307.5000 CAD 6
CCL.B CCL Industries Inc 2017 269.590000 307.5000 CAD 6
VII Seven Generations Energy Ltd 2017 26.380000 38.7000 CAD 14
TOU Tourmaline Oil Corp 2017 30.800000 46.2917 CAD 12
VET Vermilion Energy Inc 2017 53.360000 62.0417 CAD 12
PEY Peyto Exploration & Development Corp 2017 28.280000 40.6833 CAD 15
WFT West Fraser Timber Co.Ltd 2017 45.080000 54.9583 CAD 6
MDA MacDonald Dettwiler and Associates Ltd 2017 74.110000 86.7000 CAD 10
MRC Morguard Corp 2017 173.100000 202.5000 CAD 2
BYD.UN Boyd Group Income Fund 2017 85.170000 94.2000 CAD 10
LAS.A Lassonde Industries Inc 2017 204.050000 225.0000 CAD 1
ENGH Enghouse Systems Ltd 2017 50.900000 67.0000 CAD 3
CGO Cogeco Inc 2017 62.725000 72.5000 CAD 2
EQB Equitable Group Inc 2017 58.910000 72.1667 CAD 6
EPI ESSA Pharma Inc 2017 2.500000 11.3570 CAD 1
TRIL Trillium Therapeutics Inc 2017 6.990000 19.5810 CAD 1
APS Aptose Biosciences Inc 2017 1.310000 12.4013 CAD 2
LNR Linamar Corp 2017 57.510000 66.5000 CAD 6

Let’s look at a few companies…

Lets look at a couple of the companies on this list to get a better understanding of them.

CNQ:TSE Canadian Natural

http://www.cnrl.com
Canadian Natural has 7568 employees and is headquartered in Canada.
Canadian Natural Resources Ltd is a senior independent energy company. The Company is engaged in the acquisition, exploration, development, production, marketing and sale of crude oil, NGLs and natural gas.

CP:TSE Canadian Pacific Railway

http://www.cpr.ca
Canadian Pacific Railway has 12899 employees and is headquartered in Canada.
Canadian Pacific Railway Ltd is engaged in rail transportation. It provides freight transportation services, logistics solutions, and supply chain expertise in Canada and the United States.

Free Valuation

Run a valuation on any of the companies listed above at www.stockcalc.com/valureport.aspx or subscribe at our Stockcalc Facebook Page to receive this list each day Stockcalc Reports.

The content presented here is in part from the website stockcalc.com and is provided on an as is or as available basis with all faults and may not be current in all cases. You should not rely on any of the information as authoritative or as a substitute for the exercise of your own skill and judgment in making an investment decision.

Shaw Communications (SJR.A:TSX) and Gold Standard Ventures (GSV:TSX) Are Fully Valued

I have used the analysis tools on the website stockcalc.com to generate some of the content of this blog post. These tools and reports are available for free at www.stockcalc.com/TopPicks.aspx.

Fully Valued Stocks on TSX

Today we are looking at companies that are considered fully valued based on the Analyst data in the StockCalc database.

In this table we can see the close price and target price for these companies along with the number of analysts covering the stock. We also have included the fiscal year for the target price as sometimes these analyst targets are not for the current or even the next fiscal year.

There can be a number of reasons why a company would be on this list. What is particularly interesting are companies with a large analyst following that make this list. We need to dig deeper into these companies to understand why the difference in price versus target.

Today’s Data on TSX

Today’s data is for companies listed on the TSX Venture Exchange.

Symbol Name Target Year Close Price Target Price Mean Currency Target Price # of Estimates
SJR.A Shaw Communications Inc 2017 31.000000 28.4546 CAD 11
GSV Gold Standard Ventures Corp 2017 3.630000 3.3500 CAD 2
MPH Medicure Inc 2017 9.840000 8.9667 CAD 3
FOM Foran Mining Corp 2017 0.340000 0.2500 CAD 1
EMC Emblem Corp 2017 3.580000 3.5000 CAD 1

Let’s look at a few companies…

Lets look at a couple of the companies on this list to get a better understanding of them.

SJR.A:TSX Shaw Communications

http://www.shaw.ca
Shaw Communications has 14000 employees and is headquartered in Canada.
Shaw Communications Inc is a diversified communications & media company, providing consumers with broadband cable television, high-speed internet, home phone, telecommunications services, satellite direct-to-home services & engaging programming.

GSV:TSX Gold Standard Ventures

http://www.goldstandardv.com
Gold Standard Ventures has 13 employees and is headquartered in Canada.
Gold Standard Ventures Corp is a mineral exploration company. The Company through its subsidiaries is engaged in the identification, acquisition, evaluation and exploration of gold-bearing mineral resource properties exclusively in Nevada, U.S.A.

Free Valuation

Run a valuation on any of the companies listed above at www.stockcalc.com/valureport.aspx or subscribe at our Stockcalc Facebook Page to receive this list each day Stockcalc Reports.

The content presented here is in part from the website stockcalc.com and is provided on an as is or as available basis with all faults and may not be current in all cases. You should not rely on any of the information as authoritative or as a substitute for the exercise of your own skill and judgment in making an investment decision.

General Moly (GMO:ASE) and Actinium Pharmaceuticals (ATNM:ASE) Are Biggest Stock Gainers YTD on AMEX

I have used the analysis tools on the website stockcalc.com to generate some of the content of this blog post. These tools and reports are available for free at www.stockcalc.com/TopPicks.aspx.

Biggest Stock Gainers Year to Date on AMEX

Today we are looking at companies that have had the greatest percentage increase in share price year to date.

Top 25 Companies

Lists like these are always interesting to look at as they tell more than one story. Companies that are experiencing dramatic increases in share price can do so for a variety of reasons. These can include, the sector they are in has turned (such as companies in the commodities space or a new sector that has huge future potential), the company is in talks to be taken over, or the company has restructured and earnings are turning better than expected.

In this list we have selected the top 25 companies based on their percentage increase in share price year to date.

Today’s Data on AMEX

Today’s data is for companies listed on the American Stock Exchange.

Symbol Name Total Return Period
GMO General Moly Inc 113.914434 YTD
ATNM Actinium Pharmaceuticals Inc 55.428571 YTD
UEC Uranium Energy Corp 43.750000 YTD
AXN Aoxing Pharmaceutical Co Inc 43.705092 YTD
AAMC Altisource Asset Management Corp 42.710280 YTD
URG Ur-Energy Inc 42.647336 YTD
AXU Alexco Resource Corp 40.740741 YTD
XRA Exeter Resource Corp 39.713869 YTD
DNN Denison Mines Corp 37.108996 YTD
GSV Gold Standard Ventures Corp 33.333333 YTD
TGD Timmins Gold Corp 32.352000 YTD
BTG B2Gold Corp 31.223629 YTD
PLG Platinum Group Metals Ltd 30.769231 YTD
BPMX BioPharmX Corp 29.786096 YTD
THM International Tower Hill Mines Ltd 29.357798 YTD
GORO Gold Resource Corp 28.314184 YTD
IMUC ImmunoCellular Therapeutics Ltd 28.258537 YTD
UUUU Energy Fuels Inc 28.048780 YTD
NOG Northern Oil & Gas Inc 27.272727 YTD
ADGE American DG Energy Inc 26.000000 YTD
CRMD Cormedix Inc 25.490196 YTD
NBY NovaBay Pharmaceuticals Inc 24.242424 YTD
CRHM CRH Medical Corp 23.809524 YTD
AKG Asanko Gold Inc 20.261438 YTD
SPP Sanchez Production Partners LP 19.915254 YTD

Let’s look at a few companies…

Lets look at a couple of the companies on this list to get a better understanding of them.

GMO:ASE General Moly

http://www.generalmoly.com
General Moly has 17 employees and is headquartered in United States.
General Moly Inc is engaged in the business of the exploration, development and mining of properties containing molybdenum in the United States.

ATNM:ASE Actinium Pharmaceuticals

http://www.actiniumpharmaceuticals.com
Actinium Pharmaceuticals has 18 employees and is headquartered in United States.
Actinium Pharmaceuticals Inc is a biopharmaceutical company which develops drugs for treatment of cancer. It is a development stage company.

Free Valuation

Run a valuation on any of the companies listed above at www.stockcalc.com/valureport.aspx or subscribe at our Stockcalc Facebook Page to receive this list each day Stockcalc Reports.

The content presented here is in part from the website stockcalc.com and is provided on an as is or as available basis with all faults and may not be current in all cases. You should not rely on any of the information as authoritative or as a substitute for the exercise of your own skill and judgment in making an investment decision.

Caesars Entertainment (CZR:NAS) and Tarena Intl (TEDU:NAS) Trading at Less than Cash Value

I have used the analysis tools on the website stockcalc.com to generate some of the content of this blog post. These tools and reports are available for free at www.stockcalc.com/TopPicks.aspx.

Trading at Less than Cash Value

Today we are looking at companies trading at less than cash value meaning companies whose current share price is less than the cash per share on the balance sheet. We also show the value of cash net debt per share to show how much cash per share would be left if the debt was paid off.

What this Means…

Companies can have more cash per share than the actual share price for a number of reasons including they just raised capital, are in industries that experience high burn rates and will eat through the cash quickly or if there is a lot of uncertainty about the future of the company. Companies earning a positive net income will have a P/E greater than 0 and are worth exploring in more detail.

Today’s Data on NASDAQ

Today’s data is for companies listed on the NASDAQ.

Symbol Name Close Price Shares Outstanding P/E P/B Cash per Share Net Cash per Share
CZR Caesars Entertainment Corp 9.200000 146962562 None None 11.36 -34.95
TEDU Tarena International Inc 14.990000 55944298 25.4633 3.9703 18.31 None
GLBL TerraForm Global Inc 4.450000 174571581 None 1.0645 4.99 -1.96
YTRA Yatra Online Inc 9.840000 36969000 None 8.6171 77.88 76.53
NIHD NII Holdings Inc 2.525000 100783074 0.3374 1.0012 2.87 -3.64
CEMP Cempra Inc 3.200000 52381530 None 0.8064 4.75 4.43
OPHT Ophthotech Corp 4.590000 35697696 None 79.9957 4.64 5.90
TTPH Tetraphase Pharmaceuticals Inc 4.110000 36941939 None 0.9516 4.39 5.57
AMCN AirMedia Group Inc 2.430000 62197822 None 0.4256 3.52 1.40
CXRX Concordia International Corp 2.530000 51017004 None 0.4287 3.19 -60.38
ADVM Adverum Biotechnologies Inc 2.900000 41718515 None 0.5121 5.54 1.21
GURE Gulf Resources Inc 2.070000 46789137 2.5875 0.2707 3.02 2.96
OREX Orexigen Therapeutics Inc 4.100000 14586771 None 0.8146 5.10 -8.67
TRIL Trillium Therapeutics Inc 5.700000 7817883 None 1.7255 7.11 7.08
BEBE bebe stores Inc 5.460000 8007991 None 0.3607 5.90 11.41
FXCM FXCM Inc 7.000000 5602559 13.7255 None 168.78 106.43
APWC Asia Pacific Wire & Cable Corp Ltd 2.779400 13819669 12.6336 0.2663 3.09 0.44
GIGM GigaMedia Ltd 3.190000 11052235 None 0.5600 6.13 5.90
EVK Ever-Glory International Group Inc 2.200000 14787940 4.0000 0.4074 2.59 -0.78
ABAC Aoxin Tianli Group Inc 3.750000 7988245 17.0455 0.3449 6.85 6.51
PTX Pernix Therapeutics Holdings Inc 2.440000 9499812 None None 3.00 -28.74
GEVO Gevo Inc 2.970000 6822356 None 0.3025 4.55 -0.45
ONTX Onconova Therapeutics Inc 2.750000 6759895 None 2.0239 3.81 None
CDOR Condor Hospitality Trust Inc 2.030000 4956835 4.4300 3.1553 2.29 -10.79
CADC China Advanced Construction Materials Group Inc 2.500000 2387658 None 0.3728 3.45 -12.69

Let’s look at a few companies…

Lets look at a couple of the companies on this list to get a better understanding of them.

CZR:NAS Caesars Entertainment

http://www.caesars.com
Caesars Entertainment has 33000 employees and is headquartered in United States.
Caesars Entertainment Corp along with its subsidiaries is engaged in providing casino-entertainment and hospitality services. Its facilities include gaming offerings, food & beverage outlets, hotel & convention space, and non-gaming entertainment options.

TEDU:NAS Tarena Intl

http://www.tarena.com.cn
Tarena Intl has 5066 employees and is headquartered in China.
Tarena International Inc through its subsidiaries provides professional education services in China. It offers courses in nine IT subjects and two non-IT subjects.

Free Valuation

Run a valuation on any of the companies listed above at www.stockcalc.com/valureport.aspx or subscribe at our Stockcalc Facebook Page to receive this list each day Stockcalc Reports.

The content presented here is in part from the website stockcalc.com and is provided on an as is or as available basis with all faults and may not be current in all cases. You should not rely on any of the information as authoritative or as a substitute for the exercise of your own skill and judgment in making an investment decision.