The 10-year average discount from NAV* is 3.947%. Five-year CDS are paying 1.35% and money market funds are paying .42%. This pricing of JPS is ridiculous. Even if rates on CDs doubled, JPS would be yielding 200% more.
*NET ASSET VALUE
The average 5-year discount from net asset value is 0.830%. The current distribution yield is 6.33% (paid
$0 .131 per share monthly), Many of its holding should benefit from the cold winter this year.
How else are they going to get you to panic when the stock is at five year low?
and it climbed to a high of 56.92. When the first rated TRN a neutral around 31, it dropped 30% in a few month. When TRN hits 60 with superior earnings, RJ will no doubt tell you to buy the stock.
remember that S&P just gave the company a STRONG BUY (A STRONG BUY). Again they raised '13 and '14 EPS estimates to $4.60 and $5.50, from $4.00 and $4.80. They raised 12-month target price by $5 to $65, about 12X our '14 EPS estimate, toward the lower end of TRN's historical P/E range. Q3 EPS is $1.26, vs. $0.79, beating our $0.90 estimate on stronger railcar revenues than we expected with operating margin improvement. TRN guides to '13 EPS of $4.55-$4.65, up from $4.20-$4.40. Backlog remained strong. They like TRN's highly visible revenue stream, strong backlog and think the valuation looks compelling at 8.4X '14 estimate.
They raised their '13 and '14 EPS estimates to $4.60 and $5.50, from $4.00 and $4.80. They raised our 12-month target price by $5 to $65, about 12X their '14 EPS estimate, toward the lower end of TRN's historical P/E range. Q3 EPS is $1.26, vs. $0.79, beating our $0.90 estimate on stronger railcar revenues than they expected with operating margin improvement. TRN guides to '13 EPS of $4.55-$4.65, up from $4.20-$4.40. They liked TRN's highly visible revenue stream, strong backlog and think the valuation looks compelling at 8.4X our '14 estimate.
Even S & P raised their target price to $17 from $15 after reiterating a buy on GNW. as a result of the latest earnings.
They raise their operating EPS estimate for '13 $0.05 to $2.36, and '14's by $0.03 to $2.23. they kept their $34 target price. The annual yield is a quality and easily-maintained 4.8% or $1.47 per share.
We raise our target price to $17 from $15 on our revised PE...
through solid operating performance from our divisions, the increasing impact of long term care rate actions and continued achievement of key milestones," said Tom McInerney, President and CEO. "We have increased our cash balance, established a new credit line, and addressed our near term debt maturities, which have strengthened our balance sheet and increased financial flexibility."
Both ratings as of October 29, 2013.
Book Value as of June 30, 2013 was $2.2 billion or $5.43 per common share. (BOOK VALUE DOWN ONLY 17 CENTS FROM LAST QUARTER)
Average yield on assets of 2.60% and average net interest margin of 1.24% (September 30, 2013)
Average yield on assets of 2.53% and average net interest margin of 1.38% ( June 30, 2013)
"Some people will say the glass is half full; others say it's half empty. I see the future for Titan as the best I've ever seen. Why? We have many opportunities on the horizon."
"You can see why I believe the glass is half full and how we are going to grow. In short, the agriculture market is still strong. Pricing is dropping due to lower cost materials. Our revenue should stay the same because our market share should grow. The construction tire and wheel business should grow double digits in 2014 if the OEM forecasts stay where they predict. As Titan focuses on all the specialty wheels and tires, we should see improvement in margins."
BY PR Newswire
— 3:00 PM ET 10/18/2013
QUINCY, Ill., Oct. 18, 2013 /PRNewswire/ -- Titan International, Inc. (TWI ) announces the third quarter 2013 earnings conference call will be held on Tuesday, October 29, 2013 at 9:00 am. Eastern Time.
He obviously isn't the best stock market timer.
as well as a low PEG. Its book value is 82% of stock price while the book value of Goodyear Tire is 4% of the stock price and Cooper tire is 55%of book value. There is no reason that the company can't move up past $20 a share as its business picks up. It's hard to believe that insiders Richard Cashin and Tony Soave would own over 1.6 million shares if they didn't think TWI was going higher.
What other large insurance company is selling for such a discount from book value?