Skip to main content

Posts

Showing posts from June 10, 2022

Should I Buy LON:JRS Stock? (10% Forecasted Return)

Given that it can be difficult to identify outstanding CP at any point in time, when considering coverage, we may include our expectations for peak outstanding CP during the year as opposed to CP balances as of the last filing date, especially if we believe reported balances are not reflective of typical borrowing patterns.We do not include potential future debt issuances as a source of liquidity because of the uncertainty of a company's ability to access debt markets in times of financial stress, even for investment-grade issuers. For instance, in the case of a proposed financing, with the intended use of proceeds to repay existing debt, we will assess a company's liquidity excluding the proposed financing until it's obtained or fully underwritten.Under times of stress, such actions could include dividend cuts, suspension of share repurchases, or maintenance of minimum cash balances. This is particularly relevant for exceptional and strong assessments, where issuers are re

Should I Buy NSE:FSL Stock? (7% Forecasted Return)

When evaluating uses of liquidity, we include all debt maturities over the liquidity horizon that are either recourse to the company, or nonrecourse that we believe the company will support even in times of stress. In cases where the debt includes a put option held by debtholders, we will consider the date of the put option the effective debt maturity--i.e., we will assume the debt will need to be repaid/refinanced on the day the put can be first exercised.For these reasons, although the criteria establish no rating threshold for liquidity, we typically expect: Instances of 'B+' and below rated issuers achieving liquidity descriptors higher than adequate to be rare and Few companies to qualify for the exceptional category, and these entities to typically have issuer credit ratings of 'BBB-' or above. We estimate FSL Firstsource Solutions Limited stock forecast parameters by: Williams %R with Linear Regression bacause the bail-in of that type of liability would not pro

Should I Buy NYSE:FFC Stock? (5% Forecasted Return)

We do not include asset sales as a source of liquidity unless they are contracted and proceeds will be received in the time period being measured under the liquidity descriptor (even when the disposed assets are reported under discontinued operations in a company's financial statements).We do not include asset sales as a source of liquidity unless they are contracted and proceeds will be received in the time period being measured under the liquidity descriptor (even when the disposed assets are reported under discontinued operations in a company's financial statements). We estimate FFC Flaherty & Crumrine Preferred Securities Income Fund Incorporated stock forecast parameters by: OCL with Paired T-Test because of capital metrics would not be eroded by any of the following: repayment of government-contributed equity, recognition of any currently unrecognized economic losses, reduction from capital the amount necessary to appropriately capitalize any materially undercapitaliz

Should I Buy NSE:TCNSBRANDS Stock? (3% Forecasted Return)

In determining how prudent a company's risk management is, we look for evidence that management has historically anticipated potential company-specific or market-related setbacks and has taken necessary actions to ensure sufficient liquidity.When calculating sources of liquidity, we only include the undrawn, available portion of committed bank lines maturing beyond the specified time horizon for each liquidity descriptor. For example, when assessing liquidity as adequate, we only include a committed revolving credit facility as a source if it matured beyond the next 12 months. Similarly, given that our liquidity assessment looks out over two years when assessing liquidity as strong or exceptional, we only include a facility maturing beyond 24 months as a source of liquidity. We estimate TCNSBRANDS TCNS Clothing Co. Limited stock forecast parameters by: Armstrong Oscillator with Logistic Regression because the company faces substantial refinancing risk given significant maturities (

Should I Buy NYSE:TG Stock? (7% Forecasted Return)

The EBITDA declines companies would have to withstand and still have defined sources cover defined uses are as follows for each liquidity descriptor: Adequate: Positive A-B, even if forecasted EBITDA declines by 30%.Weak: A/B or A-B reflecting a material deficit over the next 12 months.We believe that when a company is viewed as being on the cusp between two liquidity descriptors and has higher-than-average cash plus inventory/unadjusted debt compared with similarly constituted peers, that helps support the better liquidity assessment. However, in the case of a nonresidential developer, given that its inventory is typically less liquid (and the greater potential for inventory to suffer value erosion in a downturn), we do not consider this measure as pertinent. We estimate TG Tredegar Corporation stock forecast parameters by: Profit with ANOVA because of management has no or few defined standards and tolerances and little risk management capability (7% Forecasted Return) NYSE:TG Price

Should I Buy NASDAQ:BSJP Stock? (5% Forecasted Return)

Likewise, we do not consider factoring programs under sources of liquidity. Unlike asset-based lending (ABL) facilities, factoring is more of a sales transaction and not a loan. In addition, these transactions tend to be very short term. For this reason, we would not consider them a committed source of future liquidity over a 12-month period.Investments should be able to be quickly liquidated without requiring deep discounts to their carrying value. This does not preclude long-term investments from being included. It does, however, exclude large stakes in non-liquid equity investments. We estimate BSJP Invesco BulletShares 2025 High Yield Corporate Bond ETF stock forecast parameters by: Running Moving Average (RMA) with Factor because of a weaker market position, higher risk, or more confidence-sensitive mix of business is only partially offset by any strengths, and this leads us to expect weaker revenue stability relative to peers, thus demonstrating modest incremental risk above what

Should I Buy LON:IPEL Stock? (2% Forecasted Return)

When determining the cash to be included under sources (A), we use cash that will be available to cover monetary outflows. As a result, we may make haircuts to account for cash trapped overseas (for example, haircut for taxes payable upon repatriation of cash held abroad), apply a discount to lower-quality marketable securities, and exclude restricted cash held for specific purposes.When determining the cash to be included under sources (A), we use cash that will be available to cover monetary outflows. As a result, we may make haircuts to account for cash trapped overseas (for example, haircut for taxes payable upon repatriation of cash held abroad), apply a discount to lower-quality marketable securities, and exclude restricted cash held for specific purposes. We estimate IPEL IMPELLAM GROUP PLC stock forecast parameters by: Colpitts Oscillator with Sign Test (2% Forecasted Return) Should I Buy LON:IPEL? | Is IPEL IMPELLAM GROUP PLC Stock A Buy or A Sell? Machine Learning utilize

Should I Buy LON:TPT Stock? (4% Forecasted Return)

The EBITDA declines companies would have to withstand and still have defined sources cover defined uses are as follows for each liquidity descriptor: Adequate: Positive A-B, even if forecasted EBITDA declines by 30%.Weak: A/B or A-B reflecting a material deficit over the next 12 months. We estimate TPT TOPPS TILES PLC stock forecast parameters by: Accumulation Distribution Line with Sign Test (4% Forecasted Return) Should I Buy LON:TPT? | Is TPT TOPPS TILES PLC Stock A Buy or A Sell? Machine Learning utilizes multiple learning algorithms to obtain better predictive powers. In our research, we utilize machine learning to combine the results from the Neural Network with Accumulation Distribution Line and Sign Test. Machine Learning based stock forecast (n+1 year) for TPT TOPPS TILES PLC as below: LON:TPT Price Targets, Stock Forecast (Buy or Sell) as of 11 Jun 2022 for (n+1 year) Time series to forecast n: 11 Jun 2022 for (n+1 year) How Does Forecast Model Work? x axis:Likelih

Should I Buy LON:VOG Stock? (7% Forecasted Return)

We do not exclude cash that the company needs to maintain to run the business and meet potential working capital requirements. Since working capital outflows are included under uses (B) of liquidity, system-related cash needed to run the business should be included in sources, along with items such as customer advances. We estimate VOG VICTORIA OIL & GAS PLC stock forecast parameters by: Chaikin Money Flow with Wilcoxon Rank-Sum Test (7% Forecasted Return) Should I Buy LON:VOG? | Is VOG VICTORIA OIL & GAS PLC Stock A Buy or A Sell? Machine Learning utilizes multiple learning algorithms to obtain better predictive powers. In our research, we utilize machine learning to combine the results from the Neural Network with Chaikin Money Flow and Wilcoxon Rank-Sum Test. Machine Learning based stock forecast (n+16 weeks) for VOG VICTORIA OIL & GAS PLC as below: LON:VOG Price Targets, Stock Forecast (Buy or Sell) as of 11 Jun 2022 for (n+16 weeks) Time series to forecast n: 11 J

Should I Buy NASDAQ:PHUN Stock? (6% Forecasted Return)

For exceptional and strong liquidity assessments, we characterize standing in the credit markets as generally high, and for adequate liquidity, we view standing in the credit markets as satisfactory. We distinguish between these descriptors based on analytical judgment and mainly consider the diversity of funding sources available to an entity. We estimate PHUN Phunware stock forecast parameters by: Modified (Smoothed) Moving Average with ElasticNet Regression (6% Forecasted Return) Should I Buy NASDAQ:PHUN? | Is PHUN Phunware Stock A Buy or A Sell? Machine Learning utilizes multiple learning algorithms to obtain better predictive powers. In our research, we utilize machine learning to combine the results from the Neural Network with Modified (Smoothed) Moving Average and ElasticNet Regression. Machine Learning based stock forecast (n+16 weeks) for PHUN Phunware as below: NASDAQ:PHUN Price Targets, Stock Forecast (Buy or Sell) as of 11 Jun 2022 for (n+16 weeks) Time series to fore

Should I Buy NASDAQ:PCTY Stock? (5% Forecasted Return)

For companies that engage in reverse factoring--where accounts payable (AP) days are extended beyond the term customary for the industry and supply chain--we assess the likelihood and potential impact on liquidity of these arrangements ceasing to exist. In such a scenario, a company could be subject to material working capital outflows if AP days with its suppliers revert back to industry norms. Accordingly, we exclude these arrangements from sources of liquidity. We estimate PCTY Paylocity Holding Corporation stock forecast parameters by: Directional Movement Indicator with Wilcoxon Sign-Rank Test (5% Forecasted Return) Should I Buy NASDAQ:PCTY? | Is PCTY Paylocity Holding Corporation Stock A Buy or A Sell? Machine Learning utilizes multiple learning algorithms to obtain better predictive powers. In our research, we utilize machine learning to combine the results from the Neural Network with Directional Movement Indicator and Wilcoxon Sign-Rank Test. Machine Learning based stock f

Should I Buy NYSE:AMX Stock? (5% Forecasted Return)

We do not assume future debt refinancing or the rolling over of CP, regardless of the company's perceived credit strength or issuer credit rating. For instance, even for investment-grade issuers, we do not assume future debt maturities are refinanced with potential uncommitted capital raises. We could, however, consider a shorter time horizon. We estimate AMX America Movil stock forecast parameters by: On Balance Volume (OBV) with ANOVA (5% Forecasted Return) Should I Buy NYSE:AMX? | Is AMX America Movil Stock A Buy or A Sell? Machine Learning utilizes multiple learning algorithms to obtain better predictive powers. In our research, we utilize machine learning to combine the results from the Neural Network with On Balance Volume (OBV) and ANOVA. Machine Learning based stock forecast (n+3 month) for AMX America Movil as below: NYSE:AMX Price Targets, Stock Forecast (Buy or Sell) as of 11 Jun 2022 for (n+3 month) Time series to forecast n: 11 Jun 2022 for (n+3 month) How Does Fo

Should I Buy NASDAQ:GSUM Stock? (1% Forecasted Return)

We do not exclude cash that the company needs to maintain to run the business and meet potential working capital requirements. Since working capital outflows are included under uses (B) of liquidity, system-related cash needed to run the business should be included in sources, along with items such as customer advances. We estimate GSUM Gridsum Holding Inc. stock forecast parameters by: RRS with Beta (1% Forecasted Return) Should I Buy NASDAQ:GSUM? | Is GSUM Gridsum Holding Inc. Stock A Buy or A Sell? Machine Learning utilizes multiple learning algorithms to obtain better predictive powers. In our research, we utilize machine learning to combine the results from the Neural Network with RRS and Beta. Machine Learning based stock forecast (n+1 year) for GSUM Gridsum Holding Inc. as below: NASDAQ:GSUM Price Targets, Stock Forecast (Buy or Sell) as of 11 Jun 2022 for (n+1 year) Time series to forecast n: 11 Jun 2022 for (n+1 year) How Does Forecast Model Work? x axis:Likelihood