01-12-2019: Canadian Pacific Railway Ltd. (CP): Iconic But Over-Valued by Industry Comparisons

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Recommendation

Canadian Pacific Railway Ltd.

News for the Canadian Pacific Railway (CP) is optimistic as Canada has had a shortage of rail cars and producers of both crude oil and grains lining up to compete for space of them. Rapid expansion of rail capacity has been in order leading to higher profits. Recent labor issues were quickly resolved, always an issue in Canada's big industries. Management changes were effected by activist large shareholders.

The stock of this iconic system makes a good trading stock. Risk seems fairly low. Jesse Livermore was known for making a killing trading railroad stocks, so size, stability, or lack of volatility are not necessarily barriers to exercising trading skill.

If you owned a share of CP during the subprime lending crisis of 2008, it now be worth six times its value then. Analysts think there is more to go as profits are rising on increasing shipments and interfacing modes of shipments adopted by the railway, but researchers are generally cool to negative on the stock. GMI analyst is particularly harsh on accounting methods.

Institutions are recently net sellers. Zenith penalizes Canadian stocks in its assessment because it is hard to get certain information due to Canada's relaxed reporting requirements. Insider trading and executive compensation comparisons are not readily available through normal channels, and some reviewers we rely upon often don't touch foreign-based stocks.

Industries like this in Canada are highly-regulated.

Is this a channeling stock? After a recent false breakout, it appears to be so mildly in the top of its recent trading range.

Fundamentals look reasonable to us, and we particularly take note of a rare instance where a stock like this is above its average to current p/e ratio at the tail end of a bull market. It suggests it has been overlooked and analysts are projecting a share price well into the 200's.

The stock pays a 1% dividend. Shareholder concern is definitely evidenced on the company website. But we were very disappointed with its Management Discussion reporting and the non-standard form it took. Executives are over-compensated suggesting limited corporate governance, although other aspects of corporate governance are good.

There is a lot of momentum in the stock's latest upward surge, but traders should be wary of a recently-established trading range and not be blinded by the long-term chart extreme rise pattern, while institutions are starting to take profits.

Financial ratios take on increasing significance with large companies and railroads like this one. Zack's points out high operating costs due to recent labor wage settlements and long-term debt to capitalization and share price to book value exceed industry averages.



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Zenith Index

Under current market conditions, a Zenith Index Score of 1.20 or above is required for a positive rating on this factor. 1.21 -1.30 is considered acceptable, 1.30-1.40 is considered strong and
> 1.40 is considered exceptionally strong. Accounting statements in this section often contain mistakes, especially in earlier years' totals, but data is deemed sufficient for us to give a rating. More accurate financial statements follow in the next section.

Canadian Pacific Railway Limited (CP)                     Exchange: NYSE
7550 Ogden Dale Road S.E.
Calgary, AB T2C 4X9              Sector: Industrials
Canada                           Industry: Railroads

Canadian Pacific Railway Limited, together with its subsidiaries, owns
and operates a transcontinental freight railway in Canada and the United
States. The company transports bulk commodities, including grain, coal,
potash, fertilizers, and sulphur; and merchandise freight, such as
finished vehicles and machineries, automotive parts, chemicals and
plastics, petroleum and crude products, and metals and minerals, as well
as forest, industrial, and consumer products. It also transports
intermodal traffic comprising retail goods in overseas containers that
could be transported by train, ship, and truck, as well as in domestic
containers and trailers that could be moved by train and truck. The
company offers rail and intermodal transportation services through a
network of approximately 12,500 miles serving business centers in
Montreal, Quebec and Vancouver, British Columbia, Canada; and the United
States Northeast and Midwest regions. In addition, it offers transload,
leasing, and logistics services. Canadian Pacific Railway Limited was
founded in 1881 and is headquartered in Calgary, Canada.

Last Trade: 187.77                           52-Week Range: 224.19 - 166.36
Employees: 13,000                            Avg.Volume:     699,867 Shares

Corporate Governance:
Pillar scores are Audit: 2; Board: 1; Shareholder Rights: 1; Compensation: 6.
         (A lower number means less governance risk.)

EPS: 12.46    Dividend Amount: $ 1.92          Yield:  1.08%
             Ex-Dividend Date: Dec 26, 2018    Payout Ratio:  14.68

Key Statistics:

    Trailing P/E:  15.33              Forward P/E (est.):  15.38
                                           Target Price: 231.56

Qrtly Stock Price Growth (yoy):   2.29%               Beta:   0.00
Qrtly S&P Index   Growth (yoy):  19.00%        Short Ratio:   1.35%
    Qrtly Revenue Growth (yoy):  -6.98%         Shares Out:  142600000
   Qrtly Earnings Growth (yoy):  22.00%

          Book Value:  37.58                    Debt/Equity: 116.25%
    Price/Book Value:   5.08        Operating Profit Margin:  42.67%
         Price/Sales:   5.07                  Profit Margin:  34.03%
         Market Cap:  26,759,000,000       Return on Equity:  37.66%
    Enterprise Value:  31,320,000,000      Return on Assets:   9.23%

    Operating Cash Flow:  1,890,000,000
         Free Cash Flow:    601,750,000



Annual Income Statement:                          (All numbers in thousands)
  Period Ending                             12/31/2017  12/31/2016  12/31/2015

  Total Revenue                              6,554,000   6,232,000   6,712,000
  Cost of Revenue                            3,030,000   2,898,000   3,425,000
  Gross Profit                               3,524,000   3,334,000   3,287,000

Operating Expenses:
  Research & Development                             0           0           0
  Selling, General & Administrative                  0           0           0
  Non-Recurring Expenses                             0           0           0
  Other Operating Expenses                     121,000     116,000     103,000
  Total Operating Expenses                   3,812,000   3,654,000   4,123,000

Operating Income or Loss                     2,742,000   2,578,000   2,589,000

Income from Continuing Operations:
  Total Other Income/Expenses Net             -244,000    -426,000    -630,000
  Earnings Before Interest & Taxes           2,742,000   2,578,000   2,589,000
  Interest Expense                            -475,000    -472,000    -395,000
  Income Before Taxes                        2,498,000   2,152,000   1,959,000
  Income Tax Expense                            93,000     553,000     607,000
  Minority Interest                                  0           0           0

Net Income from Continuing Op.s              2,405,000   1,599,000   1,352,000

Non-recurring Events:
  Discontinued Operations                            0           0           0
  Extraordinary Items                                0           0           0
  Effect of Accounting Changes                       0           0           0
  Other Items                                        0           0           0
  Net Income                                 2,405,000   1,599,000   1,352,000
  Preferred Stock & Other Adjustments                0           0           0

Net Income Avail to Common Shares            2,405,000   1,599,000   1,352,000



Annual Cash Flow Statement:                   (All numbers in thousands)
  Period Ending                         12/31/2017    12/31/2016    12/31/2015

  Net Income                             2,405,000     1,599,000     1,352,000

Operating Activities:
  Depreciation                             606,000       577,000       526,000
  Adjustments to Net Income               -746,000       -95,000       237,000
  Changes in Accounts Recv'bls             -91,000        44,000        80,000
  Changes in Liabilities                   -30,000       -95,000       125,000
  Changes in Investories                     9,000        14,000        15,000
  Changes in other Oper'g Acts             -26,000       -18,000        55,000

Total Cash Flow f Operations             2,182,000     2,089,000     2,459,000

Investing Activities:
  Capital Exenditures                   -1,291,000    -1,136,000    -1,480,000
  Investments                                    0             0             0
  Other Cash Flows fr Investing              3,000        -3,000         4,000

Total Cash Flows from Investing         -1,295,000    -1,069,000    -1,123,000

Financing Activities:
  Dividends Paid                          -310,000      -255,000      -226,000
  Sale of Purchase of Stock                      0             0             0
  Net Borrowings                           -32,000       -46,000     2,013,000
  Other Cash Flows fr Financing            -22,000        -3,000         4,000

Total Cash Flows from Financing           -700,000    -1,493,000      -957,000

  Effect of Exchange Rate Chg                    0             0             0

Change in Cash & Cash Equiv.               -13,000        45,000         7,000



Annual Balance Sheets:                              (All Numbers in Thousands)
  Period Ending                          12/31/2017    12/31/2016    12/31/2015
Current Assets:
  Cash & Cash Equivalents                   338,000       164,000       650,000
  Short Term Investments                          0             0             0
  Net Receivables                           687,000       591,000       645,000
  Inventory                                 152,000       184,000       188,000
  Other Current Assets                       97,000        70,000        54,000
  Total Current Assets                    1,274,000     1,009,000     1,537,000

  Long-Term Investments                     182,000       194,000       152,000
  Property, Plant & Equipt               17,016,000    16,689,000    16,273,000
  Goodwill                                  178,000       191,000       198,000
  Intangible Assets                           9,000        11,000        13,000
  Accumulated Amortization                        0             0             0
  Other Assets                            1,476,000     1,127,000     1,464,000
  Deferred LT Asset Charges                       0             0             0

Total Assets                             20,135,000    19,221,000    19,637,000

Current Liabilities:
  Accounts Payable                          402,000       352,000       339,000
  Current Portion LT Debt                   797,000        94,000        90,000
  Other Current Liabilities                 226,000       295,000       360,000
  Total Current Liabilities               1,984,000     1,347,000      1,447,000

  Long Term Debt                          7,266,000     8,659,000     8,927,000
  Other Liabilities                       4,301,000     4,589,000     4,467,000
  Deferred LT Liab. Charges                   5,000         7,000         6,000
  Minority Interest                               0             0             0
  Negative Goodwill                               0             0             0

Total Liabilities                        13,698,000    14,595,000    14,841,000

Stockholder Equity:
  Misc. Options, Warrants                         0             0             0
  Redeemable Preferred Stock                      0             0             0
  Preferred Stock                                 0             0             0
  Common Stock                            2,032,000     2,002,000     2,058,000
  Retained Earnings                       6,103,000     4,371,000     4,172,000
  Treasury Stock                         -1,741,000    -1,799,000    -1,477,000
  Capital Surplus                            43,000        52,000        43,000
  Other Stockhohlder Equity              -1,741,000    -1,799,000    -1,477,000
  Total Stockholder Equity                6,437,000     4,626,000     4,796,000

Net Tangible Assets                       6,250,000     4,424,000     4,585,000


Canadian Pacific Railway Limited (CP)       [Indices near +3.0, near zero,
                                            or < zero bear special attention.]
P/E Ratio Tests:
P/E Ratio < 28?            1.8265          P/E Ratio > 5?             1.0000
P/E Ratio Vs Growth Rate:  3.0000          Forward P/E Ratio < 28?    1.8205
Price/Sales Ratio < 2.3?   0.4536          Inventory/Sales < 5%?      2.1559
Sales < $1 Billion?        0.1526          Operating Margin < 7.5%?   0.1758

Balance Sheet Tests:
Debt/Equity < 0.40?        0.3441          Long-Term Debt Service:    0.8859
LTD Being Reduced?         3.0000          Short-Term Debt Service:  -3.0000
Current Ratio > 2?         0.3211          Working Capital >= 1.5?    2.3671
Leverage Ratio < 20%?      0.0351          Debt/Assets < 1?           2.7711
Quick Ratio > 1?           3.0000          Inventory Turnover > 1?    0.0399
Share Equity Increase:     2.3560          Market Cap.< 1.5 Billion?  0.0561
                                           Intangibles < 3% Assets?   3.0000
Income Tests:
Profit Margin < 7.5%?      3.0000          EPS Annual Growth > 10%?   0.0665
Dividend Yield > 2.0%?     1.8519          EPS 3-yr Growth > 15?      0.0843
Enterprise Value/Revenue   3.0000          EPS Growth Consistent?     2.0000
Enterprise Value/EBITDA:   3.0000          Collection < 45 days?      1.1762
EPS Qrtly Growth > 10%?    0.0045          Gross Pft/Cur. LTD > 1?    3.0000
                                           Borrowing Int. Rate < 6%? -0.9178
Stock Performance Tests:
Volatility > 25%?          1.0318          % Held by Insiders < 5%?   3.0000
Beta > 1.25?               0.0000          % Held by Institut. < 50?  0.6566
50 Da MA > 200 Da MA?     -0.1556          % Held by Institut. > 30?  2.5383
52-Wk Change vs. S&P 500: -0.3281          Short Ratio > 5?           0.2700
Price/Book Value < 3?      0.6004          Short % of Float > 20?     0.0000
Return on Assets > 17%?    0.5429          Average Volume > 100,000?  3.0000

Cash Flow Tests:
Oper. C.F. > Lever'd C.F:  3.0000          Positive Free Cash Flow?   3.0000
Positive Oper. Cash Flow?  3.0000          Price to C.F.Ratio < 14?:  2.1854
                                           Cash Flow / Assets > 10%?  2.0745

CP     Canadian Pacific Railway Limited    Overall Zenith Index:      1.3561


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Financial Statements

CANADIAN PACIFIC RAILWAY LTD  (CP)          INCOME STATEMENT

Fiscal year ends in December. CAD in thousan         2013-12         2014-12         2015-12         2016-12         2017-12             TTM           

Revenue                                            6,133,000       6,620,000       6,712,000       6,232,000       6,554,000       7,023,000
Cost of revenue                                    2,605,000       2,541,000       2,225,000       2,069,000       2,187,000       2,410,000
Gross profit                                       3,528,000       4,079,000       4,487,000       4,163,000       4,367,000       4,613,000


Operating expenses
Sales, General and administrative                  1,637,000       1,697,000       1,751,000       1,534,000       1,389,000       1,519,000
Restructuring, merger and acquisition                 -7,000          -4,000               0               0               0               0
Other operating expenses                              88,000          83,000         190,000         157,000         200,000         197,000
Total operating expenses                           1,718,000       1,776,000       1,941,000       1,691,000       1,589,000       1,716,000

Operating income                                   1,810,000       2,303,000       2,546,000       2,472,000       2,778,000       2,897,000
Interest Expense                                     283,000         286,000         395,000         472,000         475,000               0
Other income (expense)                              -402,000          21,000        -192,000         152,000         195,000        -427,000
Income before income taxes                         1,125,000       2,038,000       1,959,000       2,152,000       2,498,000       2,470,000
Provision for income taxes                           250,000         562,000         607,000         553,000          93,000          80,000
Net income from continuing ops                       875,000       1,476,000       1,352,000       1,599,000       2,405,000       2,390,000
Net income                                           875,000       1,476,000       1,352,000       1,599,000       2,405,000       2,390,000
Net income available to common shareholders          875,000       1,476,000       1,352,000       1,599,000       2,405,000       2,390,000

Earnings per share
Basic                                                   5.00            8.54            8.47           10.69           16.49           16.58 
Diluted                                                 4.96            8.46            8.40           10.63           16.44           16.52 

Weighted average shares outstanding
Basic                                                174,900         172,800         159,700         149,600         145,900         143,650
Diluted                                              176,500         174,400         161,000         150,500         146,300         144,125

____________________________________________________________________________________________________________________________________________


CANADIAN PACIFIC RAILWAY LTD  (CP)          BALANCE SHEET

Fiscal year ends in December. CAD in thousan         2013-12         2014-12         2015-12         2016-12         2017-12             

Assets

Current assets

Cash

Total cash                                           476,000         226,000         650,000         164,000         338,000

Restricted cash                                      411,000               0               0               0               0
Receivables                                          580,000         702,000         645,000         591,000         687,000
Inventories                                          165,000         177,000         188,000         184,000         152,000
Deferred income taxes                                344,000          56,000               0               0               0
Other current assets                                  53,000         116,000          54,000          70,000          97,000
Total current assets                               2,029,000       1,277,000       1,537,000       1,009,000       1,274,000

Non-current assets

Property, plant and equipment
Gross property, plant and equipment               19,511,000      20,943,000      23,225,000      23,814,000      24,429,000
Accumulated Depreciation                          -6,184,000      -6,505,000      -6,952,000      -7,125,000      -7,413,000
Net property, plant and equipment                 13,327,000      14,438,000      16,273,000      16,689,000      17,016,000

Equity and other investments                          92,000         112,000         152,000         194,000         182,000
Goodwill                                             150,000         164,000         198,000         191,000         178,000
Intangible assets                                     12,000          12,000          13,000          11,000           9,000
Prepaid pension costs                              1,028,000         304,000       1,401,000       1,070,000       1,407,000
Other long-term assets                               422,000         333,000          63,000          57,000          69,000
Total non-current assets                          15,031,000      15,363,000      18,100,000      18,212,000      18,861,000

Total assets                                      17,060,000      16,640,000      19,637,000      19,221,000      20,135,000 

Liabilities and stockholders' equity

Liabilities

Current liabilities
Short-term debt                                       50,000         134,000          26,000          25,000         746,000
Capital leases                                       139,000               0           4,000               0               0
Accounts payable                                     358,000         407,000         339,000         352,000         402,000
Taxes payable                                         46,000          95,000         218,000         146,000          72,000
Accrued liabilities                                  556,000         537,000         657,000         557,000         515,000
Other current liabilities                            229,000         238,000         203,000         267,000         249,000
Total current liabilities                          1,378,000       1,411,000       1,447,000       1,347,000       1,984,000

Non-current liabilities
Long-term debt                                     4,546,000       5,659,000       8,756,000       8,659,000       7,413,000
Capital leases                                       141,000               0         171,000               0               0
Deferred taxes liabilities                         2,903,000       2,773,000       3,391,000       3,571,000       3,321,000
Deferred revenues                                     62,000          58,000          55,000          48,000          42,000
Pensions and other benefits                          657,000         755,000         758,000         734,000         749,000
Other long-term liabilities                          276,000         374,000         263,000         236,000         189,000
Total non-current liabilities                      8,585,000       9,619,000      13,394,000      13,248,000      11,714,000

Total liabilities                                  9,963,000      11,030,000      14,841,000      14,595,000      13,698,000 

Stockholders' equity

Additional paid-in capital                         2,274,000       2,221,000       2,101,000       2,054,000       2,075,000
Retained earnings                                  6,326,000       5,608,000       4,172,000       4,371,000       6,103,000
Accumulated other comprehensive income            -1,503,000      -2,219,000      -1,477,000      -1,799,000      -1,741,000
Total stockholders' equity                         7,097,000       5,610,000       4,796,000       4,626,000       6,437,000
Total liabilities and stockholders' equity        17,060,000      16,640,000      19,637,000      19,221,000      20,135,000

____________________________________________________________________________________________________________________________________________


CANADIAN PACIFIC RAILWAY LTD  (CP)          Statement of CASH FLOW

Fiscal year ends in December. CAD in thousan         2013-12         2014-12         2015-12         2016-12         2017-12             TTM           

Cash Flows From Operating Activities
Depreciation & amortization                          565,000         552,000         595,000         640,000         661,000         684,000
Investment/asset impairment charges                  435,000               0               0               0               0               0
Deferred income taxes                                212,000         354,000         234,000         320,000        -210,000        -223,000
Accounts receivable                                  -29,000        -112,000          80,000          44,000         -91,000               0
Inventory                                            -19,000           7,000          15,000          14,000           9,000               0
Other working capital                                 46,000         -19,000         180,000        -113,000         -56,000         -37,000
Other non-cash items                                 740,000       1,341,000       1,355,000       1,184,000       1,869,000       2,090,000
Net cash provided by operating activities          1,950,000       2,123,000       2,459,000       2,089,000       2,182,000       2,514,000

Cash Flows From Investing Activities
Investments in property, plant, and equipmen      -1,236,000      -1,449,000      -1,522,000      -1,182,000      -1,340,000      -1,529,000
Property, plant, and equipment reductions             73,000          52,000         114,000         116,000          42,000          29,000
Acquisitions, net                                          0         236,000         281,000               0               0               0
Other investing activities                          -434,000         411,000           4,000          -3,000           3,000          -3,000
Net cash used for investing activities            -1,597,000        -750,000      -1,123,000      -1,069,000      -1,295,000      -1,503,000

Cash Flows From Financing Activities
Debt issued                                                0         771,000       3,411,000               0               0         638,000
Debt repayment                                       -56,000        -183,000      -1,398,000         -46,000         -32,000        -759,000
Common stock issued                                   83,000          62,000          43,000          21,000          45,000          22,000
Repurchases of treasury stock                              0      -2,050,000      -2,787,000      -1,210,000        -381,000        -572,000
Cash dividends paid                                 -244,000        -244,000        -226,000        -255,000        -310,000        -336,000
Other financing activities                            -3,000          14,000               0          -3,000         -22,000               0
Net cash provided by (used for) financing           -220,000      -1,630,000        -957,000      -1,493,000        -700,000      -1,007,000

Effect of exchange rate changes                       10,000           7,000          45,000         -13,000         -13,000           4,000
Net change in cash                                   143,000        -250,000         424,000        -486,000         174,000           8,000
Cash at beginning of period                          333,000         476,000         226,000         650,000         164,000         142,000
Cash at end of period                                476,000         226,000         650,000         164,000         338,000         150,000

Free Cash Flow
Operating cash flow                                1,950,000       2,123,000       2,459,000       2,089,000       2,182,000       2,514,000
Capital expenditure                               -1,236,000      -1,449,000      -1,522,000      -1,182,000      -1,340,000      -1,529,000
Free cash flow                                       714,000         674,000         937,000         907,000         842,000         985,000
____________________________________________________________________________________________________________________________________________





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Average to Current P/E Ratios
              (CP)     Canadian Pacific Railway Ltd.

                               2014    2015    2016    2017    2018

          Annual Earnings:     4.96    8.46    8.40   10.62   16.44
Average Price During Year:   175.97  166.65  136.72  156.96  191.65

                P/E Ratio:    35.48   19.70   16.28   14.78   11.66

 Average 5-Year P/E Ratio  =  19.58
             Current Price =  187.77

Previous 5 Quarter Earnings:   3.50    6.77    2.40    3.04    4.35

          Current Annualized (Last Four Quarters) Earnings =   9.79
                                                           ________
                                 Average PE / Current PE =     1.02
                                                           --------

                                      ...a number above 1.00 is good
                                                1.00 or below is bad


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Financial Ratios

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Intrinsic Value (DCF)

Intrinsic Value by Discounted Cash Flow Method:

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Fair Value Estimate:

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Institutional Orders to Buy or Sell:

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Sentiment

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Short Interest Ratio

As the short interest rises as a percentage of average daily share volume (Days to Cover), this is considered a measure of negative sentiment. Similarly, a decrease in that percentage is considered positive sentiment.

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Channeling Potential

 
The summary below includes a value for `Degree,' which refers on a
scale of 1 to 10 the range of a channel in the period under consi-
deration compared to the total range of price movement. It also looks
for the last closing price to be within the channel, otherwise zeroed.
The `Index' is the `Degree' weighted for volatility.  Generally, the
the higher the index, the more suitable is the stock for trading as
a `rolling stock' between channel high and low points.

Results for CANADIAN PACIFIC RAILWAY:
Symbol? CP
Total Months Available:  25
       Months in Cycle?   4

Months Covered by Periods:  12

Period 1           Period 2          Period 3
   H1      L1        H2      L2        H3      L3
 188.80  166.36    211.44  177.69    224.19  167.48

RANGE   = 224.19  TO  166.36            Close = 187.77
CHANNEL = 188.80  TO  177.69           Degree =   2
Volatility =   5.92%                    Index =   1
Channel Chart



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MACD Histogram Divergence

The theory is that connecting the two most recent peaks or valleys of the MACD histogram will signal the direction of the next major move.



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Intraday Chart

2 Days:



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Val Idea

0 out of 8 favorable, (no opinion.)

Val Idea


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Stock Consultant

Stock Consultant Stock Consultant


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Point & Figure Chart

P & F Chart


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Wall Street Analyzer



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Marketspace Chart

Marketspace Chart



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Time Series Forecast

Time Series 1 Time Series 2


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Neural Network Prediction

"Neurostock" can only track long trades. Therefore its performance, as tracked by itself on stocks which are consistently falling, may not appear as good as it could if each "sell" signal were a "short sale."

Neural Chart
Heading
Neural Trades Neural Prediction



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Ultimate Trading Systems

2 out of 3 of the ultimate systems favor an upmove.


System Below:
Short term outlook: Positive: Bright Green, Negative: Bright Red
Long term outlook: Postive: Dark Green, Negative: Dark Red.




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Recommendation

Decision Weighting Factors
FactorsWeighted Points
News + 1
Comparison + 1
Industry + 1
Bond Issue + 1
Zenith Index + 1
Non-GAAP vs. GAAP Earnings - 1
Cash Flow + 1
Average to Current P/E + 1
Ratios + 1
Intrinsic Value DCF -1
Fair Value Estimator + 1
Projected Earnings + 1
Research Reports - 1
Analysts + 1
Executive Perquisites - 1
Insider Activity - 1
Institutional Activity - 1
Management Reporting - 1
Short Interest + 1
Sentiment - 1
Standard & Poor's + 1
MACD Histogram Divergence + 1
Val Idea - 1
Stock Consultant - 1
Point & Figure + 1
Wall Street Analyzer - 1
Marketspace Chart + 1
Time Series Chart + 1
Neural Network + 1
Stock Options + 1
Ultimate Trading Systems + 1
Total + 9
Place 160 shares of Canadian Pacific Railway Ltd.( CP ) on the Active List.