Research Articles

Dividend Champions a Rare Undervalued Opportunity

Julie C - Friday, January 06, 2012

We believe that based on earnings, 2012 is starting out with the stock market undervalued. We believe in the long-term ownership of great businesses purchased at sound and attractive valuations. Consequently, we view the stock market as merely the store that we shop at in order to buy the businesses we want to own.

Furthermore, we do not rely on the market to set the price at which we are willing to buy or sell. Instead, we prefer to calculate the intrinsic value of the business based on the company’s earnings power. If the market price is at or below that level of valuation we will be a buyer, if not, we either look elsewhere or patiently wait for the True Worth™ valuation to manifest.

Conversely, if the market significantly overprices a company, even one that we like very much, we will sell to avoid long-term risk. Based on years of research and reviewing the earnings and price relationship on thousands of companies, we are confident that the proper value will inevitably be applied to a business by the market; it’s only a matter of time.

Shares of stock represent ownership in the business. In the long run, business success and shareholder returns will inevitably correlate. However, it is also an undeniable fact that the stock market can and will temporarily either over-price or under-price a business. And, it is also an undeniable fact that a company (business) derives its true value from its earnings power, in other words, the amount of cash flow it is capable of generating on its shareholders’ behalf.

Therefore, contrary to what many people are willing to accept, is the indisputable reality that the business results of the company behind the common stock you own is far more important to wealth creation, than what the stock market may be mispricing it at over a short period of time.

Mispricing happens when emotions erode rational thinking thereby manifesting either greed or fear. It is important that investors maintain a reasoned and rational approach and avoid the emotional response at all costs.

When reviewing the broader stock market in the context of market price versus intrinsic value, we emphatically state that the stock market is significantly undervaluing many best-of-breed American corporations. We believe this is primarily due to extreme pessimism that has been promulgated by the masters of the media.

Currently, when you review America’s best of breed companies from the perspective of operating results, i.e., earnings power, you will discover that in the aggregate, there are a large number of businesses that have performed extremely well in calendar year 2011.

Stated more simply, there are numerous businesses that grew at above-average rates during 2011, but alas, the stock market did not reward that growth according to what it should have. Therefore, based on price action, many of America’s best businesses had a down year. However, when you measure earnings power, the same companies generated significant business growth. In time, we contend that it is inevitable that these fine businesses will be rewarded according to their business achievements. Once again, it’s only a matter of time.

Even more importantly, we further contend that best-of-breed companies trading at such unrealistically low valuations, at least in our opinion, offer the best combination of low risk and future growth possible. The opportunity to invest in and own best-of-breed companies trading at unjustified low valuations is very rare. Common sense would dictate that it can only come when pessimism about our future is at its lowest.

Furthermore, we are also very confident that the majority of these companies are going to continue to generate above-average future earnings growth. As a result, we see a potential double-barreled explosion in the future stock price of many of these fine businesses.

First, we expect a PE expansion as the market inevitably values these companies at more normal PE ratios. Second, we expect that the majority of these companies will continue to grow their businesses (earnings) at above-average rates over the next several years.

The combination of these two factors could generate significant future rewards at low levels of risk. We feel that risk is reduced when valuations are too low to be reasonable, and could be reduced further with the proper level of diversification.

The Case for a Positive View of Stocks

The following list is comprised of Dividend Champion companies that are trading at historically low PE ratios based almost exclusively on negative investor sentiment. Our list is comprised exclusively from David Fish’s current list of 102 Dividend Champions, companies that have increased their dividends every year for at least 25 years. Amazingly, of the 102 names on this list, 43 of them were available at below normal, and therefore we feel, attractive valuations.

To be clear, there were another 45 or so names out of the 102 Dividend Champions that could have been included based on reasonable or fair valuation. Names like McCormick & Co. (MKC), McDonald’s Corp. (MCD), Hormel Foods Corp. (HRL), Sherwin Williams Co. (SHW), and RPM International (RPM) represent just a few of the high profile names that were excluded due to our strictest definition of intrinsic value. In other words, these names were not necessarily overvalued but just fully valued. Of the entire Dividend Champions list, we only rejected five that we considered either excessively overvalued or poor investments based on weak fundamentals.

43 Dividend Champions On Sale

We have organized this list in order from the highest five-year estimated annual total return to the lowest, based on the combination of consensus analyst estimates for growth and valuation. The first four columns in the table compare the current PE to the historically normal 15-year PE and the 15-year historical EPS growth rate to the 5-year estimated EPS growth rate. Then the current dividend yield is listed, and finally, the 5-year estimated annual total return calculation. The 5-year estimated annual total return is a calculation based on the company achieving the estimated EPS growth rate and then the stock trading at its earnings justified valuation.

More Reasons to be Positive About the Market

On top of low valuations, there are additional insights supporting a positive view for our economy and the stock market. John Bodnar, a financial planner/registered investment advisor in Florham Park, New Jersey, sent a letter to his clients, and with his permission we offer a few excerpts. What fascinated us was the following paragraph referencing an article in TIME magazine in 1992 that is eerily similar to even almost identical to the doom and gloom promoted by the media today:

“The U.S. economy remains almost comatose… the economy is staggering under many structural burdens, as opposed to familiar cyclical problems… The structural faults represent once in a lifetime dislocations that will take years to work out. Among them: job drought, debt hangover, the banking collapse, the real estate depression, the healthcare cost explosion, and the runaway federal deficit.”

All of these worries, which reflect almost perfectly the exact worries we face today, were offered by TIME magazine just prior to one of the longest and strongest stock market advances in recorded history - 1992 to 2007. Similarly, with stock valuations as they are today, we believe that we are sitting on the threshold of extraordinary future returns from owning high-quality common stocks that can be bought at such low valuations. Billions upon billions of dollars have been fleeing the stock market as panicked investors seek the refuge of so-called safer alternatives such as bonds and other fixed income instruments.

However, we would caution you that interest rates are currently at all-time lows which imply that the future price of bonds could be just as volatile and fall just as far as stock prices did in 2008 when interest rates return to more normal levels. Moreover, the rates on these so-called safer investments are so low today as to almost guarantee the potential for loss given any level of future inflation.

It is comforting to know that we are not alone regarding a positive view of the future. Most of us have heard or read Warren Buffett’s famous refrain: “Be fearful when others are greedy and greedy when others are fearful.”

With stock market fears at such a heightened state, and with billions of dollars on the sideline, it only seems logical that investors faced with few alternative viable choices for an adequate return at reasonable risk levels might someday soon become once again attracted to blue-chip stocks.

This would especially apply to blue-chip dividend paying stocks with long histories of increasing their dividends every year. As the list above depicted, there are so many blue-chip names like Procter & Gamble (PG), PepsiCo (PEP), Abbott Labs (ABT), Johnson & Johnson (JNJ), Medtronic (MDT), and others that offer an attractive and growing dividend rate, that can be bought today at historically low values.

The following excerpt from the concluding remarks from John Bodnar’s piece referenced above summarizes our views:

“Ready to wrap this up? Let’s return to the 1992 Time cover story. Sounds eerily like the headlines we read today. And yet, the decade of the 1990s turned out to be a boom for investors. Odd considering all the negative headwinds reported in the Time article. I suggest we resurrect the American spirit and align ourselves with the economic realities instead of the political headlines. American businesses are doing well. They are well capitalized, sitting on loads of cash, increasing their dividends, and buying back their own stock. It is a great time to be an investor in some of the greatest companies in the world…… Significant market bottoms, when they finally occur, have less to do with fundamental economic and financial shifts than with crescendos of public panic. On this you can rely: the stock market remains an exceptionally efficient mechanism for the transfer of wealth from the impatient to the patient.”

A link to an article we posted on our blog includes John Bodner’s entire letter can be followed here.

Low Valuation: A Significant Long-term Opportunity

We remain very frustrated by the low, and what we consider to be ridiculous, valuations that the market is applying to many great businesses. It is inconceivable to us that strongly above-average franchise names such as Hewlett-Packard (HPQ), Aflac (AFL), or Teva (TEVA), the world’s leading generic pharmaceutical company, could be trading at single-digit PE ratios when the more than 150-year-old historical normal PE ratio for the S&P 500 has been 15, as it is today.

To be clear, many average companies with significantly lesser earnings power are trading at earnings multiples approaching 2 to 3 times greater than many above-average companies are trading at. This makes no logical sense, and therefore, we believe it represents a rare and significant opportunity for those investors with the foresight to consider earnings power over what is often a very fickle stock market. We believe that these low prices simply mean that many stocks are currently illiquid, and not that they are poor or bad investments. In this context, we are suggesting they are illiquid because they cannot be currently sold for what they are truly worth based on fundamentals. Selling a stock, or any asset for that matter, for less than it is worth is not a wise decision, in our opinion.

Three High Profile Examples of Extreme Undervaluation

Notice how the black monthly closing stock price lines are uncharacteristically and significantly below the orange earnings justified valuation line on the following earnings and price correlated F.A.S.T. Graphs™. This vividly illustrates how undervalued these companies really are:

Hewlett-Packard Co. (HPQ)

AFLAC Inc. (AFL)

TEVA Pharmaceutical (TEVA)

The above are just three examples of many that we could show.

Conclusions

To be fair, many undervalued holdings have experienced moderate to even minor issues that spooked investors. After being traumatized by the 2008 market crash, investors remain fearful. Therefore, even the slightest bit of negative news can result in panic, even when it’s mostly unjustified. We believe the reactions with the three examples featured in this article have been extreme. Consequently, we further believe that the opportunity that these reactions have created represent an incredible long-term opportunity. The above emotional reactions do not reflect the fundamental strengths and future potential of those fine businesses.

Speculating in the stock market can be fraught with risk. At any moment in time the market can become disconnected from economic reality. We believe the key is not to react to market volatility, and we have certainly had lots of that recently. If you invested in a business that you like, and the business continues to perform well as an operating entity, short-term market variations should mean little to you. After all, if you were not planning to sell your investment today why should you care what someone is willing to offer you. This especially applies to dividend growth investors that have invested in businesses that they believe can continue to provide them a growing income stream.

Disclosure: Long MKC, MCD, AFL, ITW, WAG, MDT, ABT, BCR, SYY, MHP, JNJ, PG, KMB, PEP, GPC at the time of writing.

Disclaimer: The opinions in this document are for informational and educational purposes only and should not be construed as a recommendation to buy or sell the stocks mentioned or to solicit transactions or clients. Past performance of the companies discussed may not continue and the companies may not achieve the earnings growth as predicted. The information in this document is believed to be accurate, but under no circumstances should a person act upon the information contained within. We do not recommend that anyone act upon any investment information without first consulting an investment advisor as to the suitability of such investments for his specific situation.

Comments
Anonymous commented on 29-Aug-2012 10:36 AM
WOW just what I was searching for. Came here by searching for pall mall cigarette
Anonymous commented on 30-Aug-2012 07:09 PM
What a data of un-ambiguity and preserveness of valuable familiarity about unexpected feelings.
Anonymous commented on 04-Sep-2012 07:56 PM
Thank you for sharing this great internet site.
Anonymous commented on 06-Sep-2012 07:56 PM
This info is invaluable. How can I find out more?
Anonymous commented on 06-Sep-2012 09:08 PM
This is a topic that's near to my heart... Many thanks! Where are your contact details though?
Anonymous commented on 13-Sep-2012 12:54 AM
I just couldn't leave your web site prior to suggesting that I really enjoyed the usual info an individual supply in your visitors? Is going to be again continuously to check out new posts
Anonymous commented on 14-Sep-2012 02:08 AM
It's perfect time to make some plans for the future and it is time to be happy. I've read this post and if I could I wish to suggest you some interesting things or tips. Perhaps you could write next articles referring to this article. I desire to read
even more things about it!
Anonymous commented on 14-Sep-2012 11:19 PM
It's very simple to find out any matter on net as compared to textbooks, as I found this post at this web site.
Anonymous commented on 15-Sep-2012 10:41 AM
this image is actually the ideal! minicredit today
Anonymous commented on 15-Sep-2012 07:06 PM
Hi I am so delighted I found your web site, I really found you by mistake, while I was researching on Digg for something else, Anyhow I am here now and would just like to say many thanks for a fantastic post and a all round thrilling blog (I also love
the theme/design), I don’t have time to read it all at the minute but I have saved it and also included your RSS feeds, so when I have time I will be back to read a great deal more, Please do keep up the superb jo.
Anonymous commented on 16-Sep-2012 09:31 PM
It’s less costly in addition to womens true religion jeans a reduced amount of time-consuming simultaneously.
Anonymous commented on 16-Sep-2012 10:17 PM
Your means of telling all in this piece of writing is really pleasant, all can easily understand it, Thanks a lot.
Anonymous commented on 17-Sep-2012 04:57 AM
You've got astonishing information here.
Anonymous commented on 17-Sep-2012 05:38 AM
I'm not sure where you are getting your info, but great topic. I needs to spend some time learning more or understanding more. Thanks for magnificent info I was looking for this info for my mission.
Anonymous commented on 17-Sep-2012 09:03 AM
I think the admin of this web page is in fact working hard in support of his website, because here every stuff is quality based material.
Anonymous commented on 17-Sep-2012 09:41 AM
Wow, this article is good, my sister is analyzing these kinds of things, therefore I am going to convey her.
Anonymous commented on 18-Sep-2012 10:16 PM
When someone writes an piece of writing he/she maintains the image of a user in his/her brain that how a user can be aware of it. Therefore that's why this article is amazing. Thanks!
Anonymous commented on 19-Sep-2012 04:27 AM
christian louboutin daffodile, how can women less a pair of exquisite unique high heels?christian louboutin daffodile pumps Put on it, a field,
let you step on high-end fashion the top.
christian louboutin daffycharming and sexy feet on the beautiful youth. New contracted stripe joker fine with half sandals set foot high with female sandals, contracted and easy and fashion have fan. Nightclubs with fine diamond tassel women's shoes advanced
patent leather fish mouth ultra-high with sandals, sexy and full of women of the temptation of a new high with fish mouth shoes. High with Roman fish mouth cool boots, prevent slippery wear-resistant belt buckles and Roman hollow out suede design,
christian louboutin 160mm Classic luxury quality wedge wedding shoes diamond sequins double buckle aureate high-heeled sandals,

christian louboutin daffodile sale Long leg beautiful goddess horse is floating clouds,Christian Louboutin Bianca
simply by high heels keep up appearance, have the ability to take off shoe see, each are small short legs. Here is increased to see beauty shoes!

Christian Louboutin Booties
Christian Louboutin Boots can easily present. Hot summer has come, cool and refreshing joker T-shirt has become the leading role, Christian Louboutin Bridal
Shoes or temperament melting wind, even elegant OL is dressed up,
Christian Louboutin Daffodile can easily present
Anonymous commented on 20-Sep-2012 06:52 PM
Hi there! I could have sworn I've visited this web site before but after going through some of the posts I realized it's new to me. Anyways, I'm certainly pleased I stumbled upon it and I'll be book-marking it and checking back often!
Anonymous commented on 22-Sep-2012 08:45 AM
Thanks for the fantastic details. I've been doing franchise development for a while now and I love finding material like this that I can easily give to coworkers and individuals looking to begin franchising.
Anonymous commented on 26-Sep-2012 02:26 PM
I like the valuable info you provide in your articles.
I will bookmark your blog and check again here regularly.
I am quite certain I'll learn lots of new stuff right here! Good luck for the next!
Anonymous commented on 26-Sep-2012 06:07 PM
Why viewers still use to read news papers when in this technological world all is available on web?
Anonymous commented on 30-Sep-2012 08:17 PM
Heya i'm for the first time here. I came across this board and I find It truly useful & it helped me out much. I hope to give something back and aid others like you helped me.
Anonymous commented on 03-Oct-2012 09:41 AM
Wonderful beat ! I wish to apprentice while you amend your website, how could i
subscribe for a weblog web site? The account helped me a
applicable deal. I were tiny bit familiar of this your
broadcast offered vivid transparent idea
Anonymous commented on 05-Oct-2012 08:30 AM
Wow! This blog looks exactly like my old one! It's on a totally different subject but it has pretty much the same layout and design. Excellent choice of colors!

Post a Comment




Captcha Image

5 Dividend Champions With The Highest Potential Total Returns

Julie C - Tuesday, February 14, 2012

We screened the list of Dividend Champions, looking for those that offered the potential for the highest future total return based on analyst estimates for earnings growth over the next five years. We consider using analyst estimates as a rational starting point based on the theory that analysts assigned to a specific stock have likely conducted a comprehensive research effort with which they based their growth estimates on. Furthermore, in addition to analyst estimates, current valuation was the second most important component of assessing future potential total returns.

(Click here to view full article on Seeking Alpha.)

Comments
Post has no comments.
Post a Comment




Captcha Image

5 Dividend Aristocrats To Buy Now

Julie C - Monday, March 12, 2012

. . . .

Standard & Poor's offers an index titled the S&P 500 Dividend Aristocrats Index. Currently the index comprises 51 large cap, blue chip companies within the S&P 500 that have increased their dividend every year for at least 25 consecutive years. One of differentiating factors between the Dividend Aristocrats versus David Fish's Dividend Champions is that all Aristocrats are part of the S&P 500, therefore, there are only 51 Aristocrats versus 103 Champions.

The five companies reviewed in this article all represent high-quality companies that appear to be very attractively valued at today's levels. In addition to having a long record of increasing their dividend every year for at least 25 consecutive years, each of these selections offers the opportunity for double-digit growth earnings growth, and therefore, growth of both capital and dividend income based on consensus analyst expectations.

. . . .

(Click this link to view entire article on Seeking Alpha.)

Comments
Anonymous commented on 11-Sep-2012 10:33 PM
Audiences forLouis Vuitton Handbags outletthe traditionCoach Factory outletl three network telecasts grew
last year by an average of 4.5 percent, the first real uptick in a deLouis Vuitton Handbagsade. Cable news grew asCoach Factorywell,
but just by 1 percent. CNN"s audience grew for the secondPrada OutletstraiCoach Outlet Onlineht year. Fox"s audience declined,
but it remains by far the rPrada bagstings leader of the mCoach Outletjor cable news netCoach
Outlet Onlineorks, the report saidCoach Outlet
Anonymous commented on 16-Oct-2012 06:15 AM
Your website is so cool. I’m impressed by the details that you have on this blog. It reveals how nicely you perceive this subject. Bookmarked this website page, will come back for extra articles.
SEO services india.

Post a Comment




Captcha Image


Testimonials


“I appreciate your work, Chuck. As a subscriber to FAST Graphs™, I use the tool to decide on whether to purchase additional shares of what I currently hold or to add a new holding. Your articles help me make full use of the tool and give other readers valuable information, if they take the time to learn. One of the biggest enhancements that I use is the FFO data added for MLPs and REITs.”


“When FAST Graphs™ were unavailable because of Hurricane Sandy, I realized how much I need them in order to make investment decisions.

(Wish I could be) Long FAST Graphs!!!”


“One more vote for the value of FAST Graphs™; just started a subscription to Chuck's great service (premium), and am having a ball analyzing so many stocks quickly.”


“I feel very ill-equipped to make investment decisions without Fast Graphs. :-)”


“Yesterday, I signed up for your F.A.S.T. Graphs™. It's a really amazing, valuable tool for checking over/undervaluation of stocks. Wish I had it years and years ago!!”


“Love the F.A.S.T. Graphs™: One glance and you know a whole lot.”


“About Chuck's F.A.S.T. Graphs™: They are invaluable to me in making decisions about the stocks I own (in addition to what you are saying about doing other research) and the ones I hope to own in the future.”


"Chuck -- Your proprietary F.A.S.T. Graphs™ are a VERY impressive tool!"


“If there were an Investor Hall of Fame for people who have helped others with their investing, and sharing valuable information, you and your F.A.S.T. Graphs™ would get one of my selections.”


“I love Chuck's F.A.S.T. Graphs™! Well worth the price of admission for what he gives you.”


"Chuck - Thank you for your well thought out articles. I tend to be a visual type of person so I really appreciate the F.A.S.T. Graphs™ approach."


"Great article, as always! I always look forward to your articles, and am especially eagerly awaiting your next in this series. I find the F.A.S.T. Graphs™ extremely helpful."


“Your F.A.S.T. Graphs™ put all of this in a single artful picture and the accompanying spreadsheets hammer home the point.”


“I use the F.A.S.T. Graphs™ method to evaluate all of my ideas. I recommend it for individual investors, since it helps them focus on data and get past the many emotional arguments.”


“I recently subscribed to the F.A.S.T. Graphs™, and these articles are helping me learn how to better use them. They really do give you a good quick look at the valuations picture. A much needed tool!”


“I also always appreciate the clear-cut information provided through your F.A.S.T. Graphs™ and articles.”


“Thanks, Chuck, for your F.A.S.T. Graphs™. Each of these graphs is worth 1,000 words in describing a company's growth, consistency and valuation. Thanks for sharing your graphs.”


“Thanks, Chuck. Love the F.A.S.T. Graphs™! It makes investing so much more clear.”


“Chuck's F.A.S.T. Graphs™: They are invaluable to me in making decisions about the stocks I own (in addition to what you are saying about doing other research) and the ones I hope to own in the future.”


”I am amazed at the usefulness of your F.A.S.T. Graphs™ and I plan on using them for a long time to come.”


“Chuck's F.A.S.T. Graphs™ will give you a tool to find those well chosen stocks...”


“Thanks for the F.A.S.T. Graphs™, Chuck. They are the best tool I've used.”


Recent Posts


Tags

ASNA TEVA ADM BBBY TEG: WEC: WIN WGL SO XEL POM M GEOS FTR TRV OII CLX,EMR LO GOLD PKG OHI BMS NPM SWK LZB SFG consumer ONE GES THRM IR, EBAY COST CACI dividends MSFT STE AOS AMZN SCG RMD MGRC DNB Telecommunications MKC DPS Valuation CKSW CASY diversified machinery DTE BLL ADT HNZ POWR CMI long ideas KO,CLX,CELG,JCP,GT,MSI,PEP,ED DHR HRS QCOR AFL CSX AA RKT UHS MCD PCP JSFT CBRL MHS LLY RTN EMC PBI IPAR RIMM SWKS FUL WFC OUTR ENSG D AMCX BBY BA ABC CPN technology value investing CRI WST HII SLGN DLR RSG,RTN LTM MNTX TMP COL FAST Graphs PRGO PFE LH SYK SYT TOT SLW BRLI stock research SCL MATW AEP macro MNST XRX KR VRTU CLF FRAN BEN Utilities OKE CTL ALTE SHW ESRX MCY MUR PEG earnings growth DOV PCLN PRAA LLL IDA HRL EMR, MMM SPY BLK NVS NOC CELG CPB FC MSA UTX AFL,CVX,ED,JNJ,MCD,PG,SWK,T,WMT,TGT,ABM,AFL,BEN,BMS,CB,CBSH,CTBI TWGP BDX QCOM TIS DRI MNR SXL DIS DORM AAPL CHE ULTA BH MDT PM Dividend Ideas Stock Research Analysis INGR TGT COO BWLD WLP UN NSR RAI Utilities Sector BWP P CTSH SIG ED:SCG DTEGY OXY VMI retirement DRC COP DR ARRS NOG KFT AMGN PPG AET BMRC ARLP STMP ETR NLY RRC VVC RRD Market Outlook APH TEF JNJ TNC PFG GPS ITW, MTW BNS. FDO BKH CAPE WRLD CLR ACOM HCI FCFS TIF KSS JWN CVX DE SON CNSL CHD OKS ZUMZ KO LKQ BCE DFS CSL UEPS NEE LQDT RCII SU EPHC BCOR INT IBN ALB ITC CHS FF SUBX KMP PEP TGH RDS.A JCOM FOSL BOBE HD ODFL ROST DD APD AXP UNH PPL DAN XOM ACE dividends,earnings growth long-term growth CLX LXU LOW GIS HP ECHO HSY AVP ANDE FISV JRN LEN FBHS GMCR TXT HAS MRK GWW WMT CTRX WEC short ideas OGE URI PG AM EK COH CTG stock analysis ITW HON AFSI GE ORCL CB PNRA TU EAT PSX TAC GME BCR TWX investing for income NSRGY HE TSCO ATW SILVER MIDD JPM DTV IBM BR IR REXX UNP ESI BAC TE C FTI,HTZ ADP market currents POT AMT NFLX GILD INWK RSG BG ACI EXC DELL 3NSRGY OSIS CTCM AGLP BEAV PNR investment VZ CAM WFM V APEI NKE MTZ WWW BAX DOW ACM GD INTC CVS GOOG EE FRED KMB stock research tool CSCO PNM SAM SJM WAG BAP CAH CVX,SWK,MCD,TGT,PG,WMT,JNJ,MDT,AFT,T,ED UL SPLS TNGO stocks POR investing for income,growth and income T AZO MELI MCHP HPQ SNH food service EV AVD LL DGX CL FLO SBUX BOFI BHP PDFS DVA SNCR PNW MGEE JCI K AZZ ORI EMR GPC ACN CERN intrinsic value Macro view VFC economy machinery KMT Fundamentals CBI CACC MHP ED NC SYY ABT SEIC ROSE BRS CAT SHOO GT FAST due diligence earnings NSC MO EXLS long-term investing CBU JAZZ DGAS DMRC MMM market LMT

Archive

Testimonials


“I appreciate your work, Chuck. As a subscriber to FAST Graphs™, I use the tool to decide on whether to purchase additional shares of what I currently hold or to add a new holding. Your articles help me make full use of the tool and give other readers valuable information, if they take the time to learn. One of the biggest enhancements that I use is the FFO data added for MLPs and REITs.”


“When FAST Graphs™ were unavailable because of Hurricane Sandy, I realized how much I need them in order to make investment decisions.

(Wish I could be) Long FAST Graphs!!!”


“One more vote for the value of FAST Graphs™; just started a subscription to Chuck's great service (premium), and am having a ball analyzing so many stocks quickly.”


“I feel very ill-equipped to make investment decisions without Fast Graphs. :-)”


“Yesterday, I signed up for your F.A.S.T. Graphs™. It's a really amazing, valuable tool for checking over/undervaluation of stocks. Wish I had it years and years ago!!”


“Love the F.A.S.T. Graphs™: One glance and you know a whole lot.”


“About Chuck's F.A.S.T. Graphs™: They are invaluable to me in making decisions about the stocks I own (in addition to what you are saying about doing other research) and the ones I hope to own in the future.”


"Chuck -- Your proprietary F.A.S.T. Graphs™ are a VERY impressive tool!"


“If there were an Investor Hall of Fame for people who have helped others with their investing, and sharing valuable information, you and your F.A.S.T. Graphs™ would get one of my selections.”


“I love Chuck's F.A.S.T. Graphs™! Well worth the price of admission for what he gives you.”


"Chuck - Thank you for your well thought out articles. I tend to be a visual type of person so I really appreciate the F.A.S.T. Graphs™ approach."


"Great article, as always! I always look forward to your articles, and am especially eagerly awaiting your next in this series. I find the F.A.S.T. Graphs™ extremely helpful."


“Your F.A.S.T. Graphs™ put all of this in a single artful picture and the accompanying spreadsheets hammer home the point.”


“I use the F.A.S.T. Graphs™ method to evaluate all of my ideas. I recommend it for individual investors, since it helps them focus on data and get past the many emotional arguments.”


“I recently subscribed to the F.A.S.T. Graphs™, and these articles are helping me learn how to better use them. They really do give you a good quick look at the valuations picture. A much needed tool!”


“I also always appreciate the clear-cut information provided through your F.A.S.T. Graphs™ and articles.”


“Thanks, Chuck, for your F.A.S.T. Graphs™. Each of these graphs is worth 1,000 words in describing a company's growth, consistency and valuation. Thanks for sharing your graphs.”


“Thanks, Chuck. Love the F.A.S.T. Graphs™! It makes investing so much more clear.”


“Chuck's F.A.S.T. Graphs™: They are invaluable to me in making decisions about the stocks I own (in addition to what you are saying about doing other research) and the ones I hope to own in the future.”


”I am amazed at the usefulness of your F.A.S.T. Graphs™ and I plan on using them for a long time to come.”


“Chuck's F.A.S.T. Graphs™ will give you a tool to find those well chosen stocks...”


“Thanks for the F.A.S.T. Graphs™, Chuck. They are the best tool I've used.”