04-02-2020: Boeing Coompany (BA): Counting Upon a Government Bailout

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Boeing Coompany

If one looks at the point and figure chart for Boeing Company (BA), it becomes clear that as a member of the Dow Jones 30 Industrials, Boeing is responsible for a high percentage of the volatile gyrations of the DJ Averages. It is one of the most unstable stocks on the board. News suggests grounding of the 737 MAX and production halts took a big chunk out of revenues. But there is more going on with this company than just that. It has been steadily losing market share to European Airbus manufacturer. It's internal management is dubious. It has made over the years a very high number of mergers and acquistions, including that of McDonnell Douglas, taking away most of the competition for airline aircraft manufacture in the U.S. It has dabbled in space and military equipment hardware and even financing, and became a corporate monster with $100 billion in revenues in 2018, but now down to $76 billion, although analysts project higher revenues after 737 lawsuit settlements.

There is no doubt in our minds, minds of most researchers, and some analysts that the company has been severely mismanaged, and heads have rolled. But because of its huge size, number of employees, and the dependence of both our military and our airlines upon Boeing's products and services, allowing this company to fail would damage the American economy severely. Therefore, a government bailout seems almost certain, although conditioned upon no stock buybacks, suspension of dividends (possibly), and no bonuses to managers. This is a clear example of "too big to fail" coupled with a financial statements situation that would cause normal corporations to fail.

So value investors should reject this stock as way too risky while risk appetite people count upon our government to insure that this company will not fail, just as it has done for Chrysler and Lockheed in past bailouts. Projected earnings by some analysts are preparing for a sky-high turnaround. Bond investors could see yields as high as 9%, a figure usually associated with junk bonds. The company has a negative book value per share and thus high debt.

For those who read our articles very carefully, one of our best and most venerable indicators, Wall Street Analyst, has a time bomb lingering Y2K problem which we overlooked in some previous articles. However, starting with this article, we will use our standard Y2K "partial fix" similar to that used by our commodities department for what they describe as their "third system." Errors in the program have not affected its use for stock prediction after such a "fix", despite certain minor errors in the chart, so we will continue to use it.



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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.

The Boeing Company (BA)                                   Exchange: NYSE
100 North Riverside Plaza
Chicago, IL 60606-1596           Sector: Industrials
United States                    Industry: Aerospace & Defense

¦he Boeing Company, together with its subsidiaries, designs, develops,
manufactures, sales, services, and supports commercial jetliners,
military aircraft, satellites, missile defense, human space flight and
launch systems, and services worldwide. The company operates through
four segments: Commercial Airplanes; Defense, Space & Security; Global
Services; and Boeing Capital. The Commercial Airplanes segment provides
commercial jet aircraft for passenger and cargo requirements, as well as
fleet support services. The Defense, Space & Security segment engages in
the research, development, production, and modification of manned and
unmanned military aircraft and weapons systems; strategic defense and
intelligence systems, which include strategic missile and defense
systems, command, control, communications, computers, intelligence,
surveillance and reconnaissance, cyber and information solutions, and
intelligence systems; and satellite systems, such as government and
commercial satellites, and space exploration. The Global Services
segment offers products and services, including supply chain and
logistics management, engineering, maintenance and modifications,
upgrades and conversions, spare parts, pilot and maintenance training
systems and services, technical and maintenance documents, and data
analytics and digital services to commercial and defense customers. The
Boeing Capital segment offers financing services and manages financing
exposure for a portfolio of equipment under operating and finance
leases, notes and other receivables, assets held for sale or re-lease,
and investments. The Boeing Company was founded in 1916 and is based in
Chicago, Illinois.

Last Trade: 152.28                           52-Week Range: 398.66 -  89.00
Employees: 161,100                           Avg.Volume:  16,428,200 Shares

Corporate Governance:
Pillar scores are Audit: 5; Board: 4; Shareholder Rights: 4; Compensation: 6.
         (A lower number means less governance risk.)

EPS: -1.12    Dividend Amount: $ 0.00          Yield:  0.00%
             Ex-Dividend Date: Feb 13, 2020    Payout Ratio:   0.00

Key Statistics:

    Trailing P/E:   0.00              Forward P/E (est.):  41.67
                                           Target Price: 192.17

Qrtly Stock Price Growth (yoy): -61.03%               Beta:   1.35
Qrtly S&P Index   Growth (yoy): -36.80%        Short Ratio:   0.87%
    Qrtly Revenue Growth (yoy):  52.00%         Shares Out:  564230000
   Qrtly Earnings Growth (yoy):   0.00%

          Book Value: -15.31                    Debt/Equity:   0.00%
    Price/Book Value:   0.00        Operating Profit Margin:  -2.75%
         Price/Sales:   1.33                  Profit Margin:  -0.83%
         Market Cap:  84,149,000,000       Return on Equity:   0.00%
    Enterprise Value: 119,140,000,000      Return on Assets:  -1.05%

    Operating Cash Flow:     -2,446,000
         Free Cash Flow:     -9,715,000



Annual Income Statement:                          (All numbers in thousands)
  Period Ending                             12/31/2019  12/31/2018  12/31/2017

  Total Revenue                             76,559,000 101,127,000  93,392,000
  Cost of Revenue                           72,093,000  81,490,000  76,066,000
  Gross Profit                               4,466,000  19,637,000  17,326,000

Operating Expenses:
  Research & Development                     3,219,000   3,269,000   3,179,000
  Selling, General & Administrative          3,909,000   4,567,000   4,094,000
  Total Operating Expenses                   7,128,000   7,836,000   7,273,000

Operating Income or Loss                    -2,662,000  11,801,000  10,053,000

Income from Continuing Operations:
  Total Other Income/Expenses Net            1,125,000     278,000     354,000
  Interest Expense                             722,000     475,000     360,000
  Income Before Taxes                       -2,259,000  11,604,000  10,047,000
  Income Tax Expense                        -1,623,000   1,144,000   1,850,000

Net Income from Continuing Op.s               -636,000  10,460,000   8,197,000

Non-recurring Events:
  Extraordinary Items                                0           0           0
  Net Income                                  -636,000  10,460,000   8,197,000

Net Income Avail to Common Shares             -636,000  10,453,000   8,191,000



Annual Cash Flow Statement:                   (All numbers in thousands)
  Period Ending                         12/31/2019    12/31/2018    12/31/2017

  Net Income                              -636,000    10,460,000     8,197,000

Operating Activities:
  Depreciation                           2,271,000     2,114,000     2,069,000
  Changes in Accounts Recv'bls             603,000      -795,000    -1,821,000
  Changes in Liabilities                -4,407,000    13,531,000    11,474,000
  Changes in Inventories               -12,391,000       568,000    -1,085,000
  Changes in other Oper'g Acts          -4,629,000     2,284,000     2,495,000

Total Cash Flow f Operations            -2,446,000    15,322,000    13,344,000

Investing Activities:
  Capital Exenditures                   -1,961,000    -1,791,000    -1,870,000
  Investments                             -455,000    -3,230,000      -324,000
  Other Cash Flows fr Investing            451,000       -11,000         2,000

Total Cash Flows from Investing         -1,530,000    -4,621,000    -2,062,000

Financing Activities:
  Dividends Paid                        -4,630,000    -3,946,000    -3,417,000
  Sale of Purchase of Stock             -2,651,000    -2,651,000    -2,651,000
  Other Cash Flows fr Financing           -256,000      -222,000         2,000

Total Cash Flows from Financing          5,739,000   -11,722,000   -11,350,000

Change in Cash & Cash Equiv.             1,758,000    -1,074,000        12,000



Annual Balance Sheets:                              (All Numbers in Thousands)
  Period Ending                          12/31/2019    12/31/2018    12/31/2017
Current Assets:
  Cash & Cash Equivalents                         0             0             0
  Short Term Investments                          0             0             0
  Net Receivables                         3,936,000     9,763,000     7,804,000
  Inventory                              62,567,000    44,344,000    43,199,000
  Other Current Assets                    2,335,000             0             0
  Total Current Assets                   87,830,000    65,161,000    62,488,000

  Long-Term Investments                  31,213,000    30,313,000    29,690,000
  Property, Plant & Equipt               12,645,000    12,672,000    12,807,000
  Goodwill                                7,840,000     5,559,000     5,324,000
  Intangible Assets                       3,429,000     2,573,000     2,540,000
  Other Assets                            1,826,000     2,027,000     1,416,000

Total Assets                            117,359,000    92,333,000    89,997,000

Current Liabilities:
  Accounts Payable                       12,916,000    12,202,000    11,190,000
  Current Portion LT Debt                 5,195,000     6,037,000     6,602,000
  Other Current Liabilities                       0             0             0
  Total Current Liabilities              81,590,000    56,269,000     50,134,000

  Long Term Debt                         10,558,000     9,696,000     9,487,000
  Other Liabilities                       3,059,000     2,015,000     2,221,000

Total Liabilities                       116,949,000    91,921,000    89,120,000

Stockholder Equity:
  Common Stock                            5,061,000     5,061,000     5,061,000
  Retained Earnings                      55,941,000    45,320,000    40,714,000
  Capital Surplus                       -15,083,000   -13,376,000   -13,623,000
  Total Stockholder Equity                  339,000       355,000       817,000


The Boeing Company (BA)                     [Indices near +3.0, near zero,
                                            or < zero bear special attention.]
P/E Ratio Tests:
P/E Ratio < 28?            0.0000          P/E Ratio > 5?             0.0000
P/E Ratio Vs Growth Rate:  0.0000          Forward P/E Ratio < 28?    0.6719
Price/Sales Ratio < 2.3?   1.7267          Inventory/Sales < 5%?      0.0612
Sales < $1 Billion?        0.0131          Operating Margin < 7.5%?  -2.7273

Balance Sheet Tests:
Debt/Equity < 0.40?        1.0000          Long-Term Debt Service:    0.0388
LTD Being Reduced?        -3.0000          Short-Term Debt Service:   0.0000
Current Ratio > 2?         0.5382          Working Capital >= 1.5?    1.4120
Leverage Ratio < 20%?      1.6638          Debt/Assets < 1?           3.0000
Quick Ratio > 1?           3.0000          Inventory Turnover > 1?    3.0000
Share Equity Increase:     1.3894          Market Cap.< 1.5 Billion?  0.0178
                                           Intangibles < 3% Assets?   0.3124

Income Tests:
Profit Margin < 7.5%?     -0.1107          EPS Annual Growth > 10%?  -1.6436
Dividend Yield > 2.0%?     0.0000          EPS 3-yr Growth > 15?     -1.9318
Enterprise Value/Revenue   1.0993          EPS Growth Consistent?     0.0000
Enterprise Value/EBITDA:  -3.0000          Collection < 45 days?      2.3981
EPS Qrtly Growth > 10%?    0.0000          Gross Pft/Cur. LTD > 1?    0.8597
                                           Borrowing Int. Rate < 6%?  0.8774
Stock Performance Tests:
Volatility > 25%?          3.0000          % Held by Insiders < 5%?   3.0000
Beta > 1.25?               1.0800          % Held by Institut. < 50?  0.7307
50 Da MA > 200 Da MA?     -1.6440          % Held by Institut. > 30?  2.2810
52-Wk Change vs. S&P 500: -1.1737          Short Ratio > 5?           0.1740
Price/Book Value < 3?      2.9196          Short % of Float > 20?     0.0845
Return on Assets > 17%?   -0.0618          Average Volume > 100,000?  3.0000

Cash Flow Tests:
Oper. C.F. > Lever'd C.F:  0.2518          Positive Free Cash Flow?  -1.0000
Positive Oper. Cash Flow? -1.0000          Price to C.F.Ratio < 14?:  1.6163
                                           Cash Flow / Assets > 10%?  0.8278

BA     The Boeing Company                  Overall Zenith Index:      0.5051


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Financial Statements

BOEING CO  (BA)                             INCOME STATEMENT

Fiscal year ends in December. USD in thousand        2015-12         2016-12         2017-12         2018-12         2019-12             TTM           

Revenue                                           96,114,000      94,571,000      93,392,000     101,127,000      76,559,000      76,559,000
Cost of revenue                                   82,088,000      80,790,000      76,066,000      81,490,000      72,093,000      72,093,000
Gross profit                                      14,026,000      13,781,000      17,326,000      19,637,000       4,466,000       4,466,000


Operating expenses
Research and development                           3,331,000       4,627,000       3,179,000       3,269,000       3,219,000       3,219,000
Sales, General and administrative                  3,525,000       3,616,000       4,094,000       4,567,000       3,909,000       3,909,000
Total operating expenses                           6,856,000       8,243,000       7,273,000       7,836,000       7,128,000       7,128,000

Operating income                                   7,170,000       5,538,000      10,053,000      11,801,000      -2,662,000      -2,662,000
Interest Expense                                     275,000         306,000         360,000         475,000         722,000         722,000
Other income (expense)                               260,000         336,000         354,000         278,000       1,125,000       1,125,000
Income before taxes                                7,155,000       5,568,000      10,047,000      11,604,000      -2,259,000      -2,259,000
Provision for income taxes                         1,979,000         673,000       1,850,000       1,144,000      -1,623,000      -1,623,000
Net income from continuing operations              5,176,000       4,895,000       8,197,000      10,460,000        -636,000        -636,000
Net income                                         5,176,000       4,895,000       8,197,000      10,460,000        -636,000        -636,000
Preferred dividend                                     4,000           3,000           6,000           7,000               0               0
Net income available to common shareholders        5,172,000       4,892,000       8,191,000      10,453,000        -636,000        -636,000

Earnings per share
Basic                                                   7.52            7.70           13.60           18.05           -1.12           -1.12 
Diluted                                                 7.44            7.61           13.43           17.85           -1.12           -1.12 

Weighted average shares outstanding
Basic                                                686,900         635,500         602,500         579,200         565,400         565,400
Diluted                                              695,000         642,800         610,000         585,500         565,400         565,400

____________________________________________________________________________________________________________________________________________


BOEING CO  (BA)                             BALANCE SHEET

Fiscal year ends in December. USD in thousand        2015-12         2016-12         2017-12         2018-12         2019-12             

Assets

Current assets

Cash

Short-term investments                               750,000       1,228,000       1,179,000         927,000         545,000
Total cash                                        12,052,000      10,029,000       9,992,000       8,564,000      10,030,000

Receivables                                        8,003,000       7,804,000       9,763,000       3,936,000       3,337,000
Inventories                                       47,257,000      43,199,000      44,344,000      62,567,000      76,622,000
Other current assets                                 922,000       1,456,000       1,062,000      12,763,000      12,240,000
Total current assets                              68,234,000      62,488,000      65,161,000      87,830,000     102,229,000

Non-current assets

Property, plant and equipment
Gross property, plant and equipment               28,362,000      29,690,000      30,313,000      31,213,000      31,844,000
Accumulated Depreciation                         -16,286,000     -16,883,000     -17,641,000     -18,568,000     -19,342,000
Net property, plant and equipment                 12,076,000      12,807,000      12,672,000      12,645,000      12,502,000

Equity and other investments                       1,284,000       1,317,000       1,260,000       1,087,000       1,092,000
Goodwill                                           5,126,000       5,324,000       5,559,000       7,840,000       8,060,000
Intangible assets                                  2,657,000       2,540,000       2,573,000       3,429,000       3,338,000
Deferred income taxes                                265,000         332,000         341,000         284,000         683,000
Other long-term assets                             4,766,000       5,189,000       4,767,000       4,244,000       5,721,000
Total non-current assets                          26,174,000      27,509,000      27,172,000      29,529,000      31,396,000

Total assets                                      94,408,000      89,997,000      92,333,000     117,359,000     133,625,000 

Liabilities and stockholders' equity

Liabilities

Current liabilities
Short-term debt                                    1,181,000         327,000       1,283,000       3,133,000       7,269,000
Capital leases                                        53,000          57,000          52,000          57,000          71,000
Accounts payable                                  10,800,000      11,190,000      12,202,000      12,916,000      15,553,000
Taxes payable                                        262,000          89,000         380,000         485,000         670,000
Accrued liabilities                                5,922,000       6,602,000       6,037,000       5,195,000      14,190,000
Deferred revenues                                 24,364,000      23,869,000      27,440,000      50,676,000      51,551,000
Other current liabilities                          7,830,000       8,000,000       8,875,000       9,128,000       8,008,000
Total current liabilities                         50,412,000      50,134,000      56,269,000      81,590,000      97,312,000

Non-current liabilities
Long-term debt                                     8,633,000       9,487,000       9,696,000      10,558,000      19,804,000
Capital leases                                        97,000          81,000          86,000          99,000         158,000
Deferred taxes liabilities                         2,392,000       1,338,000       1,839,000       1,736,000         413,000
Pensions and other benefits                       24,399,000      25,859,000      22,016,000      19,907,000      20,816,000
Minority interest                                     62,000          60,000          57,000          71,000         317,000
Other long-term liabilities                        2,078,000       2,221,000       2,015,000       3,059,000       3,422,000
Total non-current liabilities                     37,661,000      39,046,000      35,709,000      35,430,000      44,930,000

Total liabilities                                 88,073,000      89,180,000      91,978,000     117,020,000     142,242,000 

Stockholders' equity

Common stock                                       5,061,000       5,061,000       5,061,000       5,061,000       5,061,000
Additional paid-in capital                         4,834,000       4,762,000       6,804,000       6,768,000       6,745,000
Retained earnings                                 38,756,000      40,714,000      45,320,000      55,941,000      50,644,000
Treasury stock                                   -29,568,000     -36,097,000     -43,454,000     -52,348,000     -54,914,000
Accumulated other comprehensive income           -12,748,000     -13,623,000     -13,376,000     -15,083,000     -16,153,000
Total stockholders' equity                         6,335,000         817,000         355,000         339,000      -8,617,000
Total liabilities and stockholders' equity        94,408,000      89,997,000      92,333,000     117,359,000     133,625,000

____________________________________________________________________________________________________________________________________________


BOEING CO  (BA)                             Statement of CASH FLOW

Fiscal year ends in December. USD in thousand        2015-12         2016-12         2017-12         2018-12         2019-12             TTM           

Cash Flows From Operating Activities
Net income                                         5,176,000       4,895,000       8,197,000      10,460,000        -636,000        -636,000
Depreciation & amortization                        1,833,000       1,910,000       2,069,000       2,114,000       2,271,000       2,271,000
Investment/asset impairment charges                  167,000          90,000         113,000          93,000         443,000         443,000
Stock based compensation                             189,000         190,000         202,000         202,000         212,000         212,000
Change in working capital                          1,795,000       3,045,000       2,495,000       2,284,000      -4,629,000      -4,629,000
Accounts receivable                               -1,069,000         112,000      -1,821,000        -795,000         603,000         603,000
Inventory                                         -1,110,000       3,755,000      -1,085,000         568,000     -12,391,000     -12,391,000
Accounts payable                                    -238,000         622,000         130,000           2,000       1,600,000       1,600,000
Accrued liabilities                                    2,000         726,000         573,000       1,117,000       7,781,000       7,781,000
Other working capital                              4,210,000      -2,170,000       4,698,000       1,392,000      -2,222,000      -2,222,000
Other non-cash items                                 203,000         369,000         268,000         169,000        -107,000        -107,000
Net cash provided by operating activities          9,363,000      10,499,000      13,344,000      15,322,000      -2,446,000      -2,446,000

Cash Flows From Investing Activities
Investments in property, plant, and equipmen      -2,450,000      -2,613,000      -1,739,000      -1,722,000      -1,834,000      -1,834,000
Property, plant, and equipment reductions             42,000          38,000          92,000         120,000         334,000         334,000
Acquisitions, net                                    -31,000        -297,000        -324,000      -3,230,000        -455,000        -455,000
Purchases of investments                          -2,036,000      -1,719,000      -3,601,000      -2,607,000      -1,658,000      -1,658,000
Sales/Maturities of investments                    2,590,000       1,209,000       3,639,000       2,898,000       1,759,000       1,759,000
Purchases of intangibles                                   0               0        -131,000         -69,000        -127,000        -127,000
Other investing activities                            39,000           2,000           2,000         -11,000         451,000         451,000
Net cash used for investing activities            -1,846,000      -3,380,000      -2,062,000      -4,621,000      -1,530,000      -1,530,000

Cash Flows From Financing Activities
Debt issued                                        1,746,000       1,325,000       2,077,000       8,548,000      25,389,000      25,389,000
Debt repayment                                      -885,000      -1,359,000        -953,000      -7,183,000     -12,171,000     -12,171,000
Common stock repurchased                          -6,751,000      -7,001,000      -9,236,000      -9,000,000      -2,651,000      -2,651,000
Excess tax benefit from stock based compe            157,000               0               0               0               0               0
Dividend paid                                     -2,490,000      -2,756,000      -3,417,000      -3,946,000      -4,630,000      -4,630,000
Other financing activities                           303,000         204,000         179,000        -141,000        -198,000        -198,000
Net cash provided by (used for) financing         -7,920,000      -9,587,000     -11,350,000     -11,722,000       5,739,000       5,739,000

Effect of exchange rate changes                      -28,000         -33,000          80,000         -53,000          -5,000          -5,000
Net change in cash                                  -431,000      -2,501,000          12,000      -1,074,000       1,758,000       1,758,000
Cash at beginning of period                       11,733,000      11,302,000       8,801,000       8,887,000       7,813,000       7,813,000
Cash at end of period                             11,302,000       8,801,000       8,813,000       7,813,000       9,571,000       9,571,000

Free Cash Flow
Operating cash flow                                9,363,000      10,499,000      13,344,000      15,322,000      -2,446,000      -2,446,000
Capital expenditure                               -2,450,000      -2,613,000      -1,870,000      -1,791,000      -1,961,000      -1,961,000
Free cash flow                                     6,913,000       7,886,000      11,474,000      13,531,000      -4,407,000      -4,407,000
____________________________________________________________________________________________________________________________________________



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Average to Current P/E Ratios
              (BA)     Boeing Co.

                               2015    2016    2017    2018    2019

          Annual Earnings:     7.44    7.61   13.85   17.85   -1.12
Average Price During Year:   142.62  131.72  206.44  347.11  371.73

                P/E Ratio:    19.17   17.31   14.91   19.45  331.90

 Average 5-Year P/E Ratio  =  80.55
             Current Price =  149.14

Previous 5 Quarter Earnings:   5.93    3.75   -5.21    2.05   -1.79

          Current Annualized (Last Four Quarters) Earnings =  -4.95
                                                           ________
                                 Average PE / Current PE =    -2.67
                                                           --------

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


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Financial Ratios

. . . . . . . . . . . . Lowest to Highest, Compared to Industry



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Intrinsic Value (DCF)

Intrinsic Value by Discounted Cash Flow Method:

Intrinsic Value



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Fair Value Estimator

Fair Value Estimate:

Fair Value



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Projected Earnings

Earnings Estimates



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Research Reports

Click Here for Research Reports



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Analysts' Opinions

Analysts' Opinion 1
Analysts' Opinion 1
Analysts' Opinion 1
Analysts' Opinion 1
Analysts' Opinion 2



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Insider Activity

Insiders Chart Insider Trades
Insider Trades
Executive Compensation



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Institutional Activity

Institutional Ownership:

institutions 1
Mutual Fund Ownership:

institutions 2


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Sentiment

sentiment

Zenith uses the "sentiment" score above or below 50 to award a positive or negative point in the Decision Matrix.

sentiment sentiment sentiment 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.

short interest short interest


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Standard & Poor's

S&P Stock Report (Requires Adobe Acrobat Reader)



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Management's Discussion of Results of Operations Excerpts

Click Here for Management's Discussion Excerpts



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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 BOEING COMPANY:
Symbol? BA
Total Months Available: 127
       Months in Cycle?   4

Months Covered by Periods:  12

Period 1           Period 2          Period 3
   H1      L1        H2      L2        H3      L3
 398.66  330.67    391.00  319.55    371.83   89.00

RANGE   = 398.66  TO   89.00            Close = 152.28
CHANNEL = 371.83  TO  330.67           Degree =   1
Volatility =  27.03%                    Index =   2
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

1 out of 7 favorable, (negative opinion.)

Val Idea
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 a downmove.


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 0
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 200 shares of Boeing Company (BA) on the Active List.