Tuesday, December 10, 2013

Olstein Says "Cash is King"

In the New York Times this weekend, Jeff Sommers published an article "Beating the Market, A Reachable Goal" , where he interviews money manager Bob Olstein.

"Mr. Olstein looks for stocks that are under appreciated, and that are strong in a metric he has always favored: “free cash flow yield.” (It is cash, after subtracting capital expenditures and working capital, divided by market capitalization.) “Cash is king,” he says. “That’s what you’re paying for when you buy a stock — the ability to generate cash. But few people even bother with it these days.” He says he prefers “boring companies” — if their free cash flow excites him"

Equities Research archives of Bob Olstein articles 

 



Sunday, September 1, 2013

Dow Jones Index Needs a Shuffle to take Average to 20,000

Dow Jones Index Needs a Shuffle to take Average to 20,000

A year ago United Health Group, Inc. (NYSE: UNH) was added to the Dow Jones Industrial Index (DJIA) to replace Kraft Food, Inc, after Kraft’s plans to spin off its American grocery business. Although UNH only accounted for approximately 3% of the index‘s weighted average, the stock’s 29.6% return was the 4th best stock performer of the 30 stocks in the index contributing to the average’s gain of 9.06% since being added through to yesterday’s close. Below is the performance of the Dow Jones Industrial Average and the 30 components since UNH was added on September 24, 2012. (Clicking on the Corporations’ names are links to Stockdiagnostics.com Charts of each stock through the date of the change on September 2012).


Ticker Company 9/21/12 8/30/13 % return
BAC Bank of America $9.09 $14.12 55.34%
BA Boeing Co. $68.43 $103.92 51.86%
HPQ Hewlett-Packard $17.21 $22.34 29.81%
UNH UnitedHealth Group Inc. $55.50 $71.74 29.26%
JNJ Johnson & Johnson $66.90 $86.41 29.16%
HD Home Depot Inc. $58.54 $74.49 27.25%
CSCO Cisco Systems Inc. $18.34 $23.31 27.10%
JPM JPMorgan Chase $39.76 $50.53 27.09%
UTX United Technologies Corp. $78.87 $100.10 26.92%
AXP American Express Co. $57.11 $71.91 25.91%
MMM 3M Co. $91.00 $113.58 24.81%
PFE Pfizer Inc. $23.70 $28.21 19.03%
TRV Travelers Cos. $67.39 $79.90 18.56%
DIS Walt Disney Co. $51.94 $60.83 17.12%
PG Procter & Gamble Co. $67.30 $77.89 15.74%
DD E.I. DuPont de Nemours $50.03 $56.62 13.17%
MSFT Microsoft Corp. $30.25 $33.40 10.41%
DJIA Dow Jones Indust Ave 13,579.47 14,810.31 9.06%
VZ Verizon Communications $43.72 $47.38 8.37%
MRK Merck & Co. Inc. $43.66 $47.29 8.31%
CVX Chevron $114.02 $120.43 5.62%
GE General Electric Co. $21.97 $23.14 5.33%
MCD McDonald's Corp. $91.42 $94.36 3.22%
KO Coca-Cola Co. $37.24 $38.18 2.52%
WMT Wal-Mart Stores Inc. $72.68 $72.98 0.41%
INTC Intel Corp. $22.22 $21.98 -1.08%
XOM Exxon Mobil $89.53 $87.16 -2.65%
T AT&T $36.26 $33.83 -6.70%
CAT Caterpillar Inc. $89.45 $82.54 -7.72%
IBM Internat'l Bus Machines  $202.26 $182.27 -9.88%
AA Alcoa Inc. $9.00 $7.70 -14.40%
KFT Kraft Foods $51.93


Since Being added to DJIA, Bank of America is Down 63% 

Although Bank of America (NYSE: BAC) was the top performing stock in the chart above with a 55% return, shares are still 63.54% lower since being added to the Dow Jones Industrial Index on February 19,2008.  Chevron was also added to the index on the same day as Bank of America and CVX shares are 73.38% higher. Since the stocks were added to the DJIA the index has gained 19.94%.

Prior to United Health Group being added to the Dow Jones Index, the last change to the index was made on the opening of June 8, 2009 with the addition of Cisco System (NASDAQ: CSCO) and Traveler Cos. (NYSE: TRV). Since the 2009 change Cisco has gained 23.66% and Travelers is up 105.03%, while the DJIA is 69.01% higher.

Today’s Dow Jones Industrial index has changed significantly since its inception to adapt to the changing landscape of America. Alcoa (NYSE: AA), Caterpillar (NYSE: CAT) and Hewlett-Packard (NYSE: HPQ) are no longer considered leaders in today’s market place and although HPQ stock has performed well of late, the stock performance is not indicative of the underlying business’s future growth. Its time for companies, Google (NASDAQ: GOOG), Apple (NASDAQ: AAPL) and Wells Fargo (WFC), that dominate the marketplace and the world economy to be added to the index to help get the index to 20,000 and beyond.





Wednesday, August 7, 2013

Under Armour, Disney, First Solar, Zillow, Papa Johns, Amgen & More

A look at Quarterly Cash Flow: Disney (DIS),Under Armour (UA),Jazz Pharmaceutical(JAZZ), Zillow(Z),Amgen(AMGN),Papa John's (PZZA), DST Systems (DST), MercadoLibre (MELI), PDF Solutions (PDFS), First Solar (FSLR)

Wednesday, July 10, 2013

34 Stockdiagnostics Upgrades Hit All Time Highs

click to see at EquitiesResearch.com

34 Stockdiagnostics Upgrades hitting all time highs on July 9,2013
(click tickers to see links to Stockdiagnostics charts on date of upgrades)

Company Name Ticker  Upgrade Price 7/9/2013 time % Return
Amazon.com, Inc. AMZN 10/29/2002 $18.57 $291.53 10yr 1470%
Western Digital Corp WDC 10/1/2002 $4.84 $66.20 11yr 1273%
Concur Technologies CNQR 8/18/2004 $9.28 $84.71 9yr 812%
Domino's Pizza, Inc. DPZ 10/16/2009 $7.85 $62.14 45m 692%
Buffalo Wild Wings BWLD 3/8/2004 $13.69 $103.65 9yr 657%
Sally Beauty Holdings SBH 2/10/2009 $4.32 $31.40 53m 627%
Conn's Inc.  CONN 9/11/2011 $8.40 $55.19 34m 557%
MultiMedia Games MGAM 5/19/2010 $4.65 $29.34 38m 531%
The Ultimate Software G ULTI 8/16/2006 $21.12 $123.96 7yr 487%
JAZZ Pharmaceuticals JAZZ 3/17/2010 $12.49 $72.46 40m 480%
Enterprise Products EPD 8/4/2004 $12.27 $63.77 9yr 450%
Darling International DAR 8/21/2006 $4.01 $19.88 7yr 396%
Nathan's Famous NATH 8/17/2009 $13.05 $60.48 47m 363%
Cantel Medical Corp. CMN 12/17/2007 $9.73 $36.69 5yr 277%
Artic Cat, Inc. ACAT 8/15/2011 $14.62 $51.47 2yr 252%
Polaris Industries PII 5/12/2010 $28.24 $98.61 38m 249%
GP Strategies Corp GPX 8/16/2010 $7.92 $26.89 3yr 240%
Tagra Resources Ptnrs NGLS 11/17/2009 $15.77 $53.35 44m 238%
PVH Corporation PVH 12/30/2009 $41.02 $130.86 43m 219%
Monroe Muffler Brakes MNRO 6/16/2009 $17.14 $50.50 4yr 195%
Caseys General Store CASY 3/13/2007 $22.50 $64.54 6yr 187%
Tyler Technologies TYL 8/2/2011 $25.55 $72.25 23m 183%
BE Aerospace BEAV 5/10/2010 $26.81 $66.30 3yr 147%
Cracker Barrel Old C.S. CBRL 11/25/2011 $42.19 $100.32 20m 137%
Discovery Communicat DISCA 8/8/2011 $34.75 $81.91 23m 136%
Acuity Brands AYI 1/11/2010 $36.96 $85.50 42m 131%
WD-40 Company WDFC 4/14/2006 $26.82 $57.09 7yr 118%
Nordstroms, Inc.  JWN 6/20/2008 $29.85 $62.67 5yr 110%
O'Reilly Automotive, Inc. ORLY 3/7/2011 $55.38 $116.49 28m 110%
Brinker International EAT 11/10/2011 $21.59 $41.73 21m 93%
Macy's Inc. M 6/9/2011 $26.99 $50.37 25m 87%
Teledyne Technologies TDY 5/13/2010 $43.41 $80.06 38m 84%
Lowe's Corporation LOW 4/1/2011 $25.53 $43.81 27m 72%
Snyder-Lance LNCE 5/10/2011 $18.25 $29.60 2yr 62%
Bed Bath & Beyond BBBY 1/12/2011 $49.47 $75.58 30m 52%


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Wednesday, June 26, 2013

Olstein Funds Recommended Reading


At the Olstein Funds home page is a link to a recommended reading list of 17 books .

Below I copied the list from the link.
  
  •   Security Analysis, Sixth Edition (based on the Classic1940 Edition),by Benjamin Graham and David Dodd. New York: McGraw-Hill, 2008.

Thursday, May 16, 2013

13 out 15 February Newsletter Picks "In the Money"


13 out 15 February Newsletter Picks In the Money


Newsletter Picks UP 16% vs 10% S&P500 index  in 12 Weeks


February 22,2013 

Equities Research Newsletter (subscription)

 (blue is price as of May 15,2013 close)

Long Picks:
(click ticker to see Stockdiagnostics upgrade charts & history)

FLEX  $5.15     ($7.29)   up 42%
PAY     $18.24  ($23.00)  up 26%
YHOO  $20.83  ($27.34)  up 31%
CRAY  $18.94   ($17.36)  down 8%
ADES  $25.20     ($31.37) up 24%
WWWW  $16.84 ($20.13) up 20%
EGHT  $6.33      ($7.38) up17%
RHT   $51.71    ($54.16) up 5%
OSIS  $55.17    ($63.93) up16%
GM   $26.51    ($32.31) up 22%
DIS   $54.17    ($67.67) up 25%
HSY  $80.30    ($90.32) up13%

Warnings:
ADP  $59.85   ($71.74) minus17%
TITN  $28.67   ($22.96) up 25%
SSYS $67.35 

Disclaimer.
All Newsletters, published by
Equities Research, LLC , does not constitute a recommendation by Equities Research, LLC to buy, sell, hold any security, or to follow any particular trading or investment strategy. Also, the information provided should not be construed as an offer, or a solicitation of an offer, to buy or sell securities. An investor's best course of action must be based upon individual circumstances. EquitiesResearch.com shall not be liable for any damages or costs of any type arising out of or in any way connected with your use of The Newsletters, or any of our services.
EquitiesResearch.com, its officers and employees may buy and sell any position in the securities or companies mentioned herein.
Content copyright 2010-2013. Equities Research LLC. All rights reserved




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Sunday, May 5, 2013

35 Stockdiagnostics Upgrades Hit All Time Highs on Friday


35 Stockdiagnostics Upgrades
Hitting ALL TIME HIGHS FRIDAY MAY 3,2013

Chart Shows:
Date of Upgrade, Price of Upgrade, May 3,2013 Closing Price, Month or Year since Upgrade, and Performance since Upgrade.


Clicking name of Company
will lead to the Stock's Posts along with Stockdiagnostics Operational Cash FLow and Free Cash Flow Charts at time of Upgrades, along with GFNN News Stories on date of the Upgrades
.

Company Name
Ticker
Upgrade Date
UpgradePrice
5/3/2013
Time
% Return
CERN
5/8/2003
$5.31
$96.67
10y
1720%
WDC
10/1/2002
$4.84
$57.15
11y
1081%
CNQR
8/18/2004
$9.28
$81.79
9y
781%
PATK
4/6/2011
$2.75
$20.85
2y
658%
TJX
9/17/2001
$6.73
$49.55
12y
636%
JCOM
8/22/2002
$5.62
$41.31
11y
635%
MELI
3/4/2009
$15.15
$104.02
4y
587%
NKE
8/27/2002
$9.73
$61.68
11y
563%
N
3/22/2010
$14.59
$89.77
3y
515%
COO
3/11/2009
$20.57
$112.00
4y
444%
WES
5/18/2009
$12.92
$59.73
4y
386%
LGF
6/3/2011
$6.01
$25.92
2y
331%
SUSS
5/24/2011
$13.64
$56.00
25m
311%
AOS
5/11/2009
$19.46
$76.52
4y
293%
NATH
8/17/2009
$13.05
$45.25
45m
247%
WWWW
6/17/2009
$5.58
$19.00
4y
241%
CMN
12/17/2007
$9.76
$32.45
5y
234%
CYMI
8/11/2009
$32.54
$108.83
45m
234%
GOOG
8/15/2005
$284.00
$845.72
8y
198%
ADS
3/10/2010
$61.71
$173.95
38m
182%
HCI
4/5/2012
$12.15
$31.86
13m
162%
MIC
9/5/2011
$22.60
$58.85
20m
160%
MA
2/24/2010
$219.91
$553.55
3y
151%
TYL
8/2/2011
$25.55
$64.01
21m
151%
DIS
2/14/2005
$26.24
$64.80
8y
147%
CSOD
11/18/2011
$16.07
$38.52
18m
140%
BEAV
5/10/2010
$26.81
$63.64
3y
137%
COST
12/28/2009
$53.25
$109.75
40m
106%
NU
5/22/2008
$21.91
$45.16
5y
106%
CBRL
11/25/2011
$42.19
$83.65
18m
98%
ORLY
3/7/2011
$55.38
$109.89
2y
98%
AXP
3/9/2010
$37.77
$70.23
38m
86%
LFUS
5/17/2010
$37.07
$68.66
3y
85%
EAT
11/10/2011
$21.59
$39.33
19m
82%
FEIC
11/8/2011
$41.21
$68.11
18m
65%