Saturday,
January 6, 2007
Volume
8, Issue 1
In This Issue:
1)
Current Market Metrics - Mutual Fund Flows
2)
Recent Blog Research Features
3)
Feature Stock #1 -
Travelzoo Inc. (TZOO)
4) Feature Stock #2 -
Hemrich-Payne (HP)
5) Viewing the Market
A)
Stealth Stocks Weekly Update
B) The Importance of Screening and Backtesting
6) Additional Stocks - Worth a Further Look
A)
Microsoft (MSFT)
B)
First M&F Corporation (FMFC)
7)
About VitalStocks.com
8) DISCLAIMER: Use of this newsletter signifies your acceptance of this disclaimer.
RSS Feed available: Fresh content each weekday http://feeds.feedburner.com/VitalstocksInvestingNewsletterDigest
This issue sponsored by...
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Learn options wherever you go or have time. Seven easy to follow
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1) Current Market Metrics:
NEW YORK -(Dow Jones)- Stock mutual funds
saw an inflow of $953 million during the week ended Wednesday, compared
with inflow of $6.02 billion during the previous week, according to
TrimTabs Investment Research estimates.
Source:
http://www.nasdaq.com
Independent Data on Fund Flows
Data As Of:
3 Jan 2007
-
Including ETF activity, Equity funds report net cash inflows totaling
$2.682 billion in the week ended 1/3/07 with Domestic funds reporting
net outflows of -$214 million and Non-domestic funds reporting net
inflows of $2.896 billion;
-
Money Market funds report net cash inflows totaling $8.672 billion;
Source (Much more information available): http://www.amgdata.com/
==============================================
Visit our blog and share an article with a friend.
2) Recent Research Articles - Actionable investment research and commentary, unedited, straight from the pros.
2A)
(UTR)
- Unitrin, Inc - posted a 127.5% positive earnings surprise for the
third quarter:
http://vitalstocks.com/blog/2006/12/utr-unitrin-inc-posted-1275-positive.html
2B)
(OIIM) - O2Micro International Ltd - reported a record third-quarter
posting an earnings surprise of 120%:
http://vitalstocks.com/blog/2007/01/oiim-o2micro-international-ltd.html
2C)
(TSYS) - TeleCommunication Systems, Inc - exceeded earnings estimates by
over 100% in each of the past three quarters:
http://vitalstocks.com/blog/2006/12/tsys-telecommunication-systems-inc.html
2D)
(TNL) - Technitrol, Inc - topped analysts’ earnings expectations for the
past five quarters by an average margin of 26.4%:
http://vitalstocks.com/blog/2006/12/tnl-technitrol-inc-topped-analysts.html
2E)
(MDRX) - Allscripts Healthcare Solutions, Inc - acceptance of technology
to improve healthcare is increasing:
http://vitalstocks.com/blog/2007/01/mdrx-allscripts-healthcare-solutions.html
==============================================
3) Feature Stock #1:
Travelzoo Inc. (TZOO)
The company has exceeded earnings estimates
in three consecutive quarters, with two of them posting year-over-year
earnings growth in excess of 100%. Two of the three analysts covering
the stock have raised their forecasts for this year. Over the past 60
days, this year's estimates have increased 6.3% to $1.01 per share.
Full Analysis
Travelzoo Inc. (TZOO), an Internet media company, publishes travel
offers from various travel companies. The company’s publications include
the Travelzoo Web sites, the Travelzoo Top 20 email newsletter, and the
Newsflash email product.
It also operates SuperSearch, a pay-per-click travel search engine.
Travelzoo’ products provide advertising opportunities for airlines,
hotels, cruise lines, vacation packagers, and other travel companies.
Its products also provide Internet users with a source of information on
current sales and specials from various travel companies.
TZOO's third-quarter profits almost doubled over last year due to a
robust online advertising market. Net income grew to $4.6 million, or 28
cents per share, from $2.3 million, or 13 cents per share, in the
prior-year period. The results topped Wall Street's expectations of 25
cents per share, according to analysts.
Travelzoo reported quarterly revenue growth at both its North American
and European units. Also aiding the bottom line, Travelzoo said its
effective income tax rate for the quarter was 46%, down from 48% in the
year-ago period.
"Q3 2006 marks our 33rd consecutive quarter of growth in online
advertising sales," said Ralph Bartel, chairman and chief executive
officer, Travelzoo. "We are very excited about the growth of our
business in Europe. We will continue to aggressively pursue our strategy
of replicating the Travelzoo® business model in international markets.
We believe this represents an attractive opportunity for value
creation."
The company has exceeded earnings estimates in three consecutive
quarters, with two of them posting year-over-year earnings growth in
excess of 100%. Two of the three analysts covering the stock have raised
their forecasts for this year. Over the past 60 days, this year's
estimates have increased 6.3% to $1.01 per share.
Content Courtesy: Zacks Investment Research
#1 Ranked Stocks Highlight Archive
To truly take advantage of the Zacks Rank, you need to first understand how it works. That is why we created the free special report: Zacks Rank Guide: Harnessing the Power of Earnings Estimate Revisions.
VitalStocks.com Research Summary:
Data as of:
21 Dec
Price / Cash Flow Ratio is
68.2% of the Industry Average.
Forward Price to Earnings Growth (PEG): 0.24
Debt / Equity Ratio is
0.0% of the Industry Average.
Net Profit Margin is
93.4% of the Industry Average.
Return on Equity is 192.1% of the Industry Average.
Current P/E Ratio is
68.1% of the Industry Average.
5-Year Avg. Pre-Tax Profit Margin: 111.6% of the Industry Average
Price/Sales Ratio is
55.4% of the Industry Average.
Income Per Employee is
63.1% of the Industry Average.
MSN Money Price Target:
http://moneycentral.msn.com/investor/research/wizards/srwtarget.asp?Symbol=tzoo
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http://findinvestinfo.com/vstocks/nl/208
==============================================
4) Feature Stock #2 –
Hemrich-Payne (HP)
See
HP comments at article end
Richard Rhodes, editor of The Rhodes Report newsletter, explains that it
is quite probable that the USD will trade upwards +10% to +15% from
current levels. Read this featured expert’s commentary regarding the
bottoming dollar. Then take a look at some of the stocks that currently
reside in Rhodes’ Paid-to-Play Portfolio.
Commentary from December 12
Click here to find out more!
It is abundantly clear to Richard Rhodes and his team that the U.S.
dollar sentiment had gotten just a bit too bearish when The Economist
magazine featured the demise of the USD on its cover two weeks prior;
the previous time they did so back in early- 2005 just as the USD was
bottoming then. This, plus Friday’s key technical bullish reversal
higher via an “outside reversal day”; and an even more bullish “outside
reversal week” higher – suggest the ducks are lining up for further USD
strength.
Rhodes and his team can further add to their bullish USD thesis this
weekend’s comments by former Chairman Greenspan, who noted that the USD
should trade “lower for the next few years” as the propensity of OPEC
countries and other trading partners is to diversify their currency
reserves in both Euros and Yen was quite high and quite prudent. Indeed
they are prudent; for it is simple portfolio diversification. But
comment such as these come at the end of moves…not in the middle.
On a side note, the USD has traded below its 200-week moving average
since June -2002; which combined with the fact Rhodes’ longer-term
indicators have the potential to form a “positive divergence” – argue
for an increasing probability that the USD will trade upwards +10% to
+15% from current levels. If the markets are ill prepared for anything;
it is a higher USD.
Holdings in the Paid-to-Play “Long Only” Portfolio include:
General Dynamics Corp.'s (GD) primary businesses focus is on
shipbuilding and marine systems, business aviation, information systems,
and land and amphibious combat systems. Each of these businesses
involves design, manufacturing and program management expertise,
advanced technology, and integration of complex systems. The primary
customers for the company's businesses are the United States military,
the armed forces of allied nations, other government organizations and a
diverse base of corporate and industrial buyers.
Bowater (BOW) is engaged in the manufacture, sale and distribution of
newsprint, uncoated groundwood specialties, coated groundwood paper,
market pulp, lumber and timber. The company has pulp and paper mills in
the United States, Canada and South Korea and North American sawmills
that produce softwood and hardwood lumber. Bowater also operates
facilities that convert a groundwood base sheet to coated products.
Hemrich-Payne (HP) is primarily engaged in the exploration, production,
and sale of crude oil and natural gas and in contract drilling of oil
and gas wells for others. These activities account for the major portion
of its operating revenues. The company is also engaged in the ownership,
development, and operation of commercial real estate.
This article highlights the commentary of Richard Rhodes for the
Zacks.com audience. Richard Rhodes provides insightful analysis, market
commentary, and favorite recommendations on a timely basis in "Rhodes
Report" newsletter. Try it free for 30 days and see if you can improve
your investment performance. Learn more about "Rhodes Report" and 30-Day
Free Trial. And get immediate access to current issues and special
reports.
Click here now.
Here’s How You Can Profit from the Pros
Find out what other leading experts are saying about the market. And
what stocks they are recommending. For free. Just sign up for our free
email newsletter, Profit from the Pros, where we’ll give you the
commentary, advice, and insight from those rare few experts who
consistently beat the market year in, year out.
VitalStocks.com Research Summary:
Data as of:
21 Dec
Price / Cash Flow Ratio is
37.6% of the Industry Average.
Forward Price to Earnings Growth (PEG): 0.19
Debt / Equity Ratio is
36.6% of the Industry Average.
Net Profit Margin is
177.0% of the Industry Average.
Return on Equity is
89.8% of the Industry Average.
Current P/E Ratio is
69.5% of the Industry Average.
5-Year Avg. Pre-Tax Profit Margin: 127.4% of the Industry Average
Price/Sales Ratio is
27.6% of the Industry Average.
Income Per Employee is
20.9% of the Industry Average.
MSN Money Price Target:
http://moneycentral.msn.com/investor/research/wizards/srwtarget.asp?Symbol=hp
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Learn options wherever you go or have time. Seven easy to follow
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everything then move to the next Podcast.
http://findinvestinfo.com/vstocks/nl/208
==============================================
5) Viewing the Market:
5A)
Stealth Stocks Weekly Update - January 3rd, 2007
Summary of Recommendations: Remain focused on risk management and
capital preservation at this time.
Market Commentary
Welcome to 2007. This is a good time to talk about strategy as we peer
into the New Year and wonder what kind of opportunities will likely come
our way that may be profitable.
As we begin the New Year, the truth is that market leadership is
deteriorating. That in itself is a sell signal. The OTC indexes are
lagging way behind the NYSE and S&P 500 indexes. The Nasdaq 100 closed
below its 50-day moving average today and has developed a pattern of
lower lows and lower highs.
On the first day of the New Year, the Philadelphia Semiconductor Index
(SOX) broke below its 200-day moving average. That's not a sign of a
healthy market. In fact, on this first day we have already taken out the
December lows for the OTC indexes, quick evidence that momentum is
rolling over.
The McClellan Volume Summation OTC indicator is in a downtrend. This has
been a very good indicator at keeping us on the right side on the
market. The lesson learned last year was that we need to pay far more
attention to this indicator.
This indicator turned negative last April, bottomed in the July/August
period and remained positive until mid-November. It is now on a sell
signal and has been falling since mid-November. The OTC has struggled
since that same time. As long as this indicator is declining, it means
risk takers are backing away from the market - that has never been a
good sign.
Furthermore, the advance/decline line for the OTC has developed a
downward pattern since the mid-term elections. Perhaps, lower crude oil
prices will help reverse this pattern. Crude oil fell $2.73 a barrel to
close at $58.32, which helped the transportation index to do better but
it failed to do much for the OTC indexes.
In economic news, the Federal Reserve's FOMC minutes were released today
and the stock market choked on it. Essentially, the Fed is now
acknowledging more downside economic risk developing over the housing
collapse than they expected.
Though much of the December policy statement mirrored October's report,
this month the Fed added the qualifier "substantial" to its assessment
that the housing market is "cooling", suggesting that it sees greater
downside risks in that sector.
The minutes made reference to recent "mixed" economic minutes. They
downgraded their assessment of business investment, noting that it
"appeared to have decelerated recently." It also noted that while
employment had posted "solid gains" in recent quarters, job growth
"would probably slow over the next quarter or so" in lagged response to
softer activity.
There are three scenarios for the U.S. economy in 2007 and up to this
point spotting which scenario is developing has been like driving in
thick fog trying to see and decipher the signs.
Growth and inflation rebound. In this scenario, it is argued that the
war debts have grown so large the Fed now has no choice but to monetize
government debt by inflating. In this scenario, the Fed will be pumping
money supply at a much faster pace for a much longer period of time.
Unfortunately, it will cause core inflation to creep higher and lend
justification to push interest rates higher.
Soft Landing. The GDP avoids a recession but stays below its growth
potential rate of 3% in the first half of 2007. Inflation slowly works
lower and interest rates hold steady.
Hard Landing with a Recession. The GDP drops to below zero for two
consecutive quarters, with a sharp drop in demand, labor markets and a
sharp fall in commodities followed by sharply lower inflation and
interest rate cuts to follow.
I think the first quarter of 2007 is going to confirm which scenario is
developing and January could well reveal what we need to know.
Up to this point, the GDP has fallen for the last two, perhaps three,
quarters. It sounds to me from the Fed minutes that the Fed is preparing
the markets for sub par growth of zero to 1.5% by acknowledging risk is
growing for the economy.
What concerns me is that we have seen a housing boom in 2000-2005 that
has now shifted to a housing bust. Many have thought that the market is
following the 1995 soft landing scenario, but in 1994-1995 we did not
have a boom/bust in housing as we have had this year.
This has been a rather dramatic drop in housing and what's more,
existing home prices are still falling and new building permits still
dropping. This makes scenario three a very real possibility, especially
now that the Fed is alerting the markets that economic risk is growing
over a worst than expected housing bust.
Since 1951 there have been nine housing boom periods and what followed
have been nine housing busts and each produced a recession. Assuming
this time is different, ahead of confirmation that it is different,
isn't the way you should plan out your strategy for 2007. Remember you
hope for the best---but you plan for the worst.
That means having a strategy for the worst if certain conditions are
tripped. Deteriorating market leadership is a warning signal, which is
warning us that investors are becoming more defensive.
A breach below the 50-day moving average in the S&P 500 at 1,398 would
be another warning signal to reduce exposure. A break below the weekly
middle Bollinger Band lines tells us that the correction is getting far
more serious and that a test of the primary trend line is likely.
Shorting strategies and fully hedged positions should be considered if
the indexes break below their 200-day moving averages. This should be
followed aggressively if the indexes break below their monthly middle
Bollinger Band lines.
I think January is going to provide confirmation of which scenario is
going to play out. Until that becomes clear, remain cautious.
Courtesy: www.zacks.com
==============================================
Actionable, Professional Research updated daily
Our daily professional research content blog is up and running. We post new research daily. See it here: http://www.vitalstocks.com/blog/index.html
==============================================
5B)
The Importance of Screening and Backtesting
By
Kevin Matras, Jan 02, 2007
Every week, I either outline a unique way to screen for stocks or go
over a proven, profitable trading strategy.
But in this week’s article, I’m starting at square one and going over
why screening is so crucial. Even more importantly, I’ll go over why
backtesting is the most important step of all.
Why Should I Use a Stock Screener?
The short answer is:
“Because there are over 10,000 stocks out there and you need a way to
find the good ones”.
The longer answer is:
Other than buying the stocks that are talked about on TV or written
about in the paper (not to mention ‘tips’ from friends), how else are
you going to find stocks that meet certain fundamental characteristics?
Even if you don’t use a screener now, most people still do their own
‘screening’ one way or another. For example, they may hear that a stock
has a certain Growth Rate, or a certain P/E Ratio or Sales Surprise.
They then find themselves listening for or reading about stocks that
meet these criteria.
Well, if you want to find stocks that meet certain criteria, you can
find them quickly and easily with a stock screener.
However, just because you narrow down 10,000 stocks to only a handful,
that doesn’t necessarily mean that you’ve picked the best stocks on the
planet.
You might have picked the worst ones.
But how will you know?
Backtesting!
Once you’ve created a screen, you can then backtest it to see how good
(or bad) your screening strategy has performed.
In other words, does your screen generally find stocks that go up once
they’ve been identified? Or does your screen generally find stocks that
get buried once they’ve been identified?
This is good stuff to know.
With backtesting, you can see how successful your stock-picking strategy
has performed in the past, so you’ll have a better idea as to what your
probability of success will be now and in the future.
Of course, past performance is no guarantee of future results, but what
else do you have to go by?
Think about it; if you saw that a stock-picking strategy did nothing but
lose money year after year, period after period, stock after stock, over
and over again; then there’s NO WAY you’d want to trade that strategy or
use that screen to pick stocks.
Why?
Because it’s ‘proven’ that it picks bad stocks.
Sure, it may turn around and start picking winners, but it may also
continue to pick losing stocks the way it always has.
On the other hand, what if you saw a strategy that did great year after
year, period after period, etc.? You’d of course want to trade that
strategy.
Why?
Because it’s proven to be a profitable trading strategy.
And while it may start picking losers all of a sudden, it may also
continue picking winning stocks, just like it had been doing over and
over before.
Keep in mind, a screening and backtesting program isn’t a ‘box of
magic’.
But it’s a great way to see what works and what doesn’t BEFORE you put
your money at risk!
I’ll end this with a conversation that I had with someone a while back
that was ‘stuck’ in a losing stock:
I asked him why he was still in it if it kept on losing money.
He said that he didn’t think it would go much lower from here.
I asked him if he thought it would go this low when he bought it.
Of course, he said no.
I then asked him if he thought it’d go up from here.
His answer was ‘probably not right away’ and then added that it could
still fall a bit further.
I told him there are plenty of stocks going straight up; “Why don’t you
get out of that one that’s losing you money and get into a better one?”
His answer was; he didn’t know of any better stocks to get into.
I then asked him; “What if you did know of a better stock to get into,
would you do it”?
His answer of course was: YEAH! But he quickly added that he didn’t know
how to find ‘better’ stocks.
That last comment said it all.
He was in losing stocks because he didn’t know how to pick better ones.
But if he had a proven, profitable, stock-picking strategy, he could.
Don’t get me wrong; just because you have a great strategy for picking
winning stocks, it isn’t going to preclude you from ever having another
loser. On the contrary, even some of the best strategies ‘only’ have win
ratios of 70% or 80%. (NOT 100%.)
But if your strategy picks winners far more often than losers, you can
feel confident that your next pick will have a high probability of
success.
And don’t be the guy who ‘accidentally’ gets into one or two good stocks
and thinks he’s the next Warren Buffet. If your stock account is
important to you, test your stock-picking strategies to see if your
method for finding winners is a repeatable one.
And that’s why someone should use a Screener and a Backtester.
As usual, I’ll close with a few new picks from some of my favorite
backtested screening strategies for the week of 1/2/07:
AEOS American Eagle Outfitters, Inc.
(from the EPS Growth Past and Present screen)
AMSF Amerisafe, Inc.
(from the ROE2 screen)
BITI Bio-Imaging Technologies, Inc.
(from the Breakouts screen)
Courtesy:
Zacks.com
==============================================
What do we pick?
VitalStocks newsletter presents the two best ideas from the commentary of the week. Here is the secret: We take all those ideas and compare each stock to various industry averages.
Professionals pay thousands of dollars per year for access to this information. Our publishers feel some investors need to take a test drive before purchasing the investing newsletters of their choice.
Submit all comments or ideas: webmaster@vitalstocks.com
==============================================
6) Additional Stocks - Worth a Further Look
6A)
Microsoft (MSFT)
See
MSFT comments at article end
Dr. Melvin Pasternak, editor of the StreetAuthority Swing Trader
newsletter, offers his technical analysis of the S&P 500. Read this
featured expert’s commentary and learn about the different economic
indicators referenced by Dr. Pasternak. Afterward, take a look at some
of the doctor’s stock profiles.
The Primary Trend from December 18
Yet another stair has been added to the "stair step" advance of the S&P
500.
On December 7th, the S&P hit a high of 1418.27 and then quickly backed
off round-number resistance just shy of 1420. Over the next four trading
days, the index retreated each time it tested that level.
Last Thursday, however, corporate-friendly news gave the index the
momentum needed to overcome the 1420 barrier. On Friday, the S&P
ratcheted up to the next 10-point stair, hitting an intraday high of
1431.63 before retreating.
Blowout earnings this past week from investment bankers Goldman Sachs
(GS), Bear Stearns (BSC) and Lehman Brothers (LEH) helped set a bullish
tone, which was reinforced by another batch of positive economic data.
At its Tuesday meeting, the Fed reaffirmed that "readings on core
inflation have been elevated" and warned that high levels of resource
utilization have "the potential to sustain inflation pressures." On
Friday, however, the latest inflation numbers proved benign, as the
closely-watched Consumer Price Index (CPI) came in flat for November.
At the same time, industrial production staged a modest recovery,
ticking up 0.2% for the month. Those figures, coupled with a better than
expected read on retail sales, suggested that the Fed's goal of steering
the economy into a "soft landing" remains on track.
For the week, the S&P gained a bit more than 15 points, closing just 4
points off its highs. While the rally was modest, it was enough to keep
the index above the key Intermediate trendline drawn from the July low.
That trendline currently intersects the chart at approximately 1398.
The S&P continues to trade above all key moving averages. Most of these
are sloping moderately higher, but the 10-week at 1389 is slanting
sharply upward, reflecting the powerful Intermediate-term advance that
is now close to six months old.
Current resistance is at 1441, the level of the upper Bollinger band.
This band has provided resistance throughout the uptrend, with the S&P
escaping its confines only in September and October -- and even then
briefly. The band is rising in conjunction with the 20-week moving
average around which it is calculated. Over time, that means resistance
will climb progressively higher.
The Major bull market trendline drawn from the July 2004 low now crosses
the chart near 1266, so a near-term test is almost inconceivable. The
weekly indicators have been overbought since August, but the S&P has
still advanced more than 120 points since that time.
ADX and MACD remain on strong buy signals. RSI, after giving a weak sell
signal, has climbed back above the key 70 level to finish the week at
74. After hugging the key 100 level the past several weeks, CCI has now
bounced higher, closing at +122.
Stochastics has been highly overbought for nearly five months and
remains so now, with %K at 93 and %D also at 93. Both components of this
indicator would have to slip below 80 to generate a sell signal. That is
certainly improbable before the beginning of 2007.
Short-term Trading Ideas include…
Long Candidates:
Microsoft (MSFT): Dr. Pasternak highlighted Microsoft in the November
13th newsletter at $29.24. On Thursday, the shares finally traded
through the $30 level for the first time since 2002! MSFT has also
created a base of $6, which projects a target in the low $30's
Oracle (ORCL): After gapping nearly $2 higher when the company reported
quarterly earnings, ORCL has since consolidated between the low-$17 and
high-$19 range.
Time Warner (TWX): Dr. Pasternak flagged TWX in the November 20th
newsletter at $20.43. The stock has recently begun to trend higher after
a prolonged trading range, and has bulled its way through $20 for the
first time since 2004. Thus far, the shares have held that support.
Courtesy: www.zacks.com
==============================================
6B)
First M&F Corporation (FMFC)
First M&F Corporation (FMFC), a
Zacks #1 Rank stock, beat the third-quarter consensus earnings estimate
by 8.1% when it posted profits of 40 cents per share. The company
recently opened its first Florida branch, providing FMFC with
opportunities for growth in that market. The Board of Directors declared
a quarterly cash dividend of 13 cents per share on Nov 9. The company
has a price-to-book ratio of 1.4, compared to 4.9 for the market.
Full Analysis
First M&F Corporation operates as the holding company for Merchants and
Farmers Bank of Kosciusko. The company has 46 banking locations
throughout Central and North Mississippi, in Shelby County, Alabama, in
Southwest Tennessee, including the Memphis metro area and now in
Okaloosa County, Florida.
On Oct 19, FMFC reported third-quarter profits of $3.7 million, or 40
cents per share. With analysts calling for profits of 37 cents per
share, the company surprised to the upside by a solid 8.1%. FMFC posted
earnings of 37 cents in the prior-year period. Net interest income
increased 20.7% to $13.4 million from $11.1 million in the third quarter
of 2005.
For the first nine months of the year, profits came in at $10.2 million,
compared to $9.5 million for the same period last year. Net interest
income jumped 19.9% to $39.2 million from $32.7 million for the first
nine months of 2005.
Chairman and CEO Hugh S. Potts, Jr. stated, “With the help of our two
recent bank acquisitions, we have grown our assets by 21% and deposits
by almost 24% since the beginning of the year, creating a growing base
from which to offer M&F banking to a broadening footprint in three
states. We also look forward to opening our first Florida branch in the
fourth quarter of 2006 and the opportunities for growth in that market.”
FMFC announced the opening of a branch in Crestview, Okaloosa County,
Florida on Nov 20.
Consensus estimates for this quarter and next jumped 5.3% and 7.9%,
respectively, over the past 60 days. Profit forecasts for this year and
next have risen 3.4% and 7.6%, respectively, over the same period of
time.
The Board of Directors declared a quarterly cash dividend of 13 cents
per share of stock on Nov 9. The dividend is payable on Dec 29 to
stockholders of record as of Dec 18. FMFC has a current dividend yield
of 2.8% and a five-year average dividend yield of 2.9%.
FMFC is currently trading at a valuation of 12.5x trailing 12-month
earnings and at 12.2x current fiscal-year estimated earnings. The
market, as represented by the S&P 500, is trading at a valuation of
17.4x trailing 12-month earnings and at 16.7x its current fiscal-year
estimated earnings. The company has a price-to-book ratio of 1.4,
compared to 4.9 for the market.
Content Courtesy: Zacks Investment Research
#1 Ranked Stocks Highlight Archive
To truly take advantage of the Zacks Rank, you need to first understand
how it works. That is why we created the free special report: Zacks Rank
Guide: Harnessing the Power of Earnings Estimate Revisions.
Courtesy: www.zacks.com
==============================================
Complimentary
Podcasts: Options Strategies for The Stock Investor
Learn options wherever you go or have time. Seven easy to follow
Podcasts from The Options Industry Council. Download to your computer,
iPOD®, MP3, PDA or smartphone. Watch or listen until you understand
everything then move to the next Podcast.
http://findinvestinfo.com/vstocks/nl/208
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