09-26-2017: Fabrinet (FN): Imminently Tradable

(WAIT FOR PAGE TO LOAD COMPLETELY BEFORE LINKS WORK.)

Corporate Webpages
Company Profile
Company History
News
Comparison with Peers
Bond Issue
Zenith Index
Financial Statements
Avg. P/E to Current P/E
Financial Ratios
Market Grader
Intrinsic Value (Disc. CashFlow)
Tangible Book Value
Projected Earnings
Research Reports
Analysts' Opinions
Insider Activity
Institutional Activity
Sentiment
Short Interest
Standard & Poor's
Management's Discussion
Moving Average Chart
Right Time Study
Channel Potential
MACD Histogram
Intraday Chart
Val Idea
Stock Consultant
Point & Figure Chart
Wall Street Analyzer
Marketspace Chart
Time Series Forecast
Neural Network Prediction
Stock Options
Ultimate Trading Systems
Recommendation

Fabrinet

Fabrinet is incorporated in the Grand Cayman Islands, and pays less than half of American-based corporations in taxes. The Grand Caymans are a British colony and executives operate either out of George Town or London. The company does meet U.S. SEC reporting requirements, but there is no CEO Letter to Shareholders or glitzy annual report. Most of the optical electronic equipment the company manufactures and sells to original equipment manufacturers, is made in Thailand or China. Current U.S. administration trade policies make dealing with companies like this based outside the U.S. and clearly associated with Communist China bit risky.

The company's lasers and other optical products serve a variety of industries giving the company a diversified customer base that includes automotive, medical, and aerospace customers.

It has a good website and very good management discussion of results of operations. Researchers are neutral on the company, but analysts are decidedly positive. Institutions are net sellers, but Dimensional Fund Advisors is one of the major holders, which we regard as a good sign. They generally look for strong balance sheets and this company has little debt.

Executives are overpaid, suggesting a corporate governance problem which surrounds most high-tech companies. The company's stock chart displays a definite channeling or trading range situation, where the stock is currently at the bottom of its recent trading range. Many analysts conclude it is "oversold."

We think the financials are acceptable, including the Zenith Index, and this is a "low risk" company. Chart patterns reflect poor sentiment and look rather dismal, so one should wait for some upward momentum to develop before jumping in. Never try to buy at the bottom, even though we think the bottom is at hand.

Because the technicals look so bad, we are forced to give the stock a "sell" rating in our overall Decision Matrix which could change if the stock could manage some upward momentum. Earnings have been pretty solid year after year, although not exactly trending in any particular direction.

The "electronics - miscellaneous components" group is one of the strongest industry group performers, although Fabrinet has been one of the weakest performers among its competitors. This could lead to the stock playing "catch-up" with its counterparts. We think the stock is imminently tradable and at this level possibly more low-risk than other high-tech stocks. Its founder is also one of the founders of Seagate Technology, and the company is somewhat heavily tied into Seagate by background. 



[Home]
Corporate Wepages

Trade Mark
01
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19



[Home]
Company Profile

Profile
Profile



[Home]
Company History
6 7 8 9 10


[Home]
News

Click Here for News Archives



[Home]
Comparison

Comparison

Groups 1
Groups 2
Groups 3


Companies 1
Companies 2

Similar Companies Performance:

55 56
57 58
59 60


[Home]
Bond Issue

22



[Home]
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.

Fabrinet (FN)                                             Exchange: NYSE
190 Elgin Avenue
George Town KY1-9005             Sector: Consumer Goods
Cayman Islands                   Industry:Electronic Equipment

Fabrinet provides optical packaging and precision optical,
electro-mechanical, and electronic manufacturing services to original
equipment manufacturers of optical communication components, modules and
sub-systems, industrial lasers, medical devices, and sensors. It offers
a range of optical and electro-mechanical capabilities across the
manufacturing process, including process design and engineering, supply
chain management, manufacturing, printed circuit board assembly,
packaging, integration, final assembly, and test. The company-Ęs products
comprise switching products, such as reconfigurable optical add-drop
multiplexers, optical amplifiers, modulators, and other optical
components and modules that enable network managers to route voice,
video, and data communications traffic through fiber optic cables at
various wavelengths and speeds, and over various distances; tunable
lasers, transceivers, and transponders; and active optical cables, which
provide high-speed interconnect capabilities for data centers and
computing clusters, as well as for Infiniband, Ethernet, fiber channel,
and optical backplane connectivity. It also offers solid state,
diode-pumped, gas, and fiber lasers used across semiconductor
processing, biotechnology and medical device, metrology, and material
processing industries; and sensors, such as differential pressure,
micro-gyro, fuel, and other sensors used in automobiles, as well as
non-contact temperature measurement sensors for the medical industry. In
addition, the company designs and fabricates application-specific
crystals, lenses, prisms, mirrors, and laser components and substrates,
as well as other custom and standard borosilicate, clear fused quartz,
and synthetic fused silica glass products. It has operations in North
America, the Asia-Pacific, and Europe. The company was incorporated in
1999 and is based in George Town, the Cayman Islands.

Last Trade:  35.78                           52-Week Range:  49.63 -  31.97
Employees: 10,541                            Avg.Volume:     542,489 Shares

Corporate Governance:
P pillar scores are Audit: 2; Board: 3; Shareholder Rights: 10;
         (A lower number means less governance risk.)

EPS:  2.57    Dividend Amount: $ 0.00          Yield:  0.00%
             Ex-Dividend Date: N/A             Payout Ratio:   0.00

Key Statistics:

    Trailing P/E:  13.99              Forward P/E (est.):   9.06
                                           Target Price:  51.10

Qrtly Stock Price Growth (yoy): -17.90%               Beta:   1.08
Qrtly S&P Index   Growth (yoy):  34.00%        Short Ratio:   4.52%
    Qrtly Revenue Growth (yoy):  16.52%         Shares Out:  37370000
   Qrtly Earnings Growth (yoy):   0.00%

          Book Value:  18.25                    Debt/Equity:  10.63%
    Price/Book Value:   1.97        Operating Profit Margin:   7.68%
         Price/Sales:   0.95                  Profit Margin:   6.84%
         Market Cap:   1,343,000,000       Return on Equity:  15.71%
    Enterprise Value:               0      Return on Assets:   7.22%

    Operating Cash Flow:     70,930,000
         Free Cash Flow:    -45,790,000



Annual Income Statement:                          (All numbers in thousands)
  Period Ending                             06/30/201    6/24/2016   6/26/2015

  Total Revenue                              1,420,490     976,747     773,587
  Cost of Revenue                            1,249,030     857,224     685,814
  Gross Profit                                 171,460     119,523      87,773

Operating Expenses:
  Research & Development                             0           0           0
  Selling, General & Administrative             65,626      49,717      40,613
  Non-Recurring Expenses                             0           0           0
  Other Operating Expenses                           0           0           0
  Total Operating Expenses                           0           0           0

Operating Income or Loss                       105,834      69,806      47,160

Income from Continuing Operations:
  Total Other Income/Expenses Net                1,344          -5       1,082
  Earnings Before Interest & Taxes             107,178      69,801      48,242
  Interest Expense                               3,321       1,569         616
  Income Before Taxes                          103,857      68,232      47,626
  Income Tax Expense                             6,742       6,335       3,984
  Minority Interest                                  0           0           0

Net Income from Continuing Op.s                 97,115      61,897      43,642

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                                    97,115      61,897      43,642
  Preferred Stock & Other Adjustments                0           0           0

Net Income Avail to Common Shares               97,115      61,897      43,642



Annual Cash Flow Statement:                   (All numbers in thousands)
  Period Ending                         06/30/201      6/24/2016     6/26/2015

  Net Income                                97,115        61,897        43,642

Operating Activities:
  Depreciation                              24,996        18,913        14,459
  Adjustments to Net Income                 32,151        13,700        10,030
  Changes in Accounts Recv'bls             -64,142       -61,013       -33,797
  Changes in Liabilities                    36,847        70,090        25,018
  Changes in Investories                   -53,802       -50,598        -6,440
  Changes in other Oper'g Acts              -2,231        -5,901          -283

Total Cash Flow f Operations                70,934        47,088        52,629

Investing Activities:
  Capital Exenditures                      -68,262       -40,616       -51,398
  Investments                              -10,839           642      -144,015
  Other Cash Flows fr Investing            -11,455           371           -86

Total Cash Flows from Investing            -90,556       -39,603      -195,499

Financing Activities:
  Dividends Paid                                 0             0             0
  Sale of Purchase of Stock                  5,890         5,479           835
  Net Borrowings                             8,967        20,500        24,000
  Other Cash Flows fr Financing             -1,425        -2,463           -86

Total Cash Flows from Financing             13,432        22,862        22,537

  Effect of Exchange Rate Chg                  523          -521          -166

Change in Cash & Cash Equiv.                -6,190        30,347      -120,333



Annual Balance Sheets:                              (All Numbers in Thousands)
  Period Ending                          06/30/201      6/24/2016     6/26/2015
Current Assets:
  Cash & Cash Equivalents                   133,825       142,804       112,978
  Short Term Investments                    151,450       141,709       142,866
  Net Receivables                           264,349       197,503       136,614
  Inventory                                 238,665       181,499       130,613
  Other Current Assets                       10,465         9,776         3,968
  Total Current Assets                    1,101,654       531,582       384,173

  Long-Term Investments                           0             0             0
  Property, Plant & Equipt                  216,881       178,410       140,654
  Goodwill                                    3,806             0             0
  Intangible Assets                           5,840           499           137
  Accumulated Amortization                        0             0             0
  Other Assets                                4,889         1,851         2,424
  Deferred LT Asset Charges                   2,905         1,806         2,249

Total Assets                              1,033,075       855,857       672,503

Current Liabilities:
  Accounts Payable                          240,317       194,434       132,998
  Current Portion LT Debt                    62,814        40,663        42,024
  Other Current Liabilities                   8,141        20,628         6,026
  Total Current Liabilities                 311,272       255,725        181,048

  Long Term Debt                            240,317       194,434       132,998
  Other Liabilities                          62,814        40,663        42,024
  Deferred LT Liab. Charges                   8,141        20,628         6,026
  Minority Interest                               0             0             0
  Negative Goodwill                               0             0             0

Total Liabilities                           347,062       300,584       193,559

Stockholder Equity:
  Misc. Options, Warrants                         0             0             0
  Redeemable Preferred Stock                      0             0             0
  Preferred Stock                                 0             0             0
  Common Stock                                  373           362           354
  Retained Earnings                         548,256       451,141       389,244
  Treasury Stock                                  0             0             0
  Capital Surplus                           133,293       102,325        89,390
  Other Stockhohlder Equity                    -348           591           -44
  Total Stockholder Equity                  681,574       554,419       478,944

Net Tangible Assets                         671,928       553,920       478,807



Fabrinet (FN)                               [Indices near +3.0, near zero,
                                            or < zero bear special attention.]
P/E Ratio Tests:
P/E Ratio < 28?            2.0014          P/E Ratio > 5?             1.0000
P/E Ratio Vs Growth Rate:  0.0000          Forward P/E Ratio < 28?    3.0000
Price/Sales Ratio < 2.3?   2.4211          Inventory/Sales < 5%?      0.2976
Sales < $1 Billion?        0.7040          Operating Margin < 7.5%?   0.9766

Balance Sheet Tests:
Debt/Equity < 0.40?        3.0000          Long-Term Debt Service:    3.0000
LTD Being Reduced?         0.0000          Short-Term Debt Service:   3.0000
Current Ratio > 2?         1.7696          Working Capital >= 1.5?    0.4295
Leverage Ratio < 20%?      3.0000          Debt/Assets < 1?           3.0000
Quick Ratio > 1?           3.0000          Inventory Turnover > 1?    3.0000
Share Equity Increase:     2.3869          Market Cap.< 1.5 Billion?  1.1169
                                           Intangibles < 3% Assets?   3.0000
Income Tests:
Profit Margin < 7.5%?      0.9120          EPS Annual Growth > 10%?   0.0637
Dividend Yield > 2.0%?     0.0000          EPS 3-yr Growth > 15?      0.0674
Enterprise Value/Revenue   0.9454          EPS Growth Consistent?     2.0000
Enterprise Value/EBITDA:   3.0000          Collection < 45 days?      0.6625
EPS Qrtly Growth > 10%?    0.0000          Gross Pft/Cur. LTD > 1?    2.7296
                                           Borrowing Int. Rate < 6%?  0.4286
Stock Performance Tests:
Volatility > 25%?          1.4233          % Held by Insiders < 5%?   0.0680
Beta > 1.25?               0.8640          % Held by Institut. < 50?  3.0000
50 Da MA > 200 Da MA?     -0.0461          % Held by Institut. > 30?  0.1523
52-Wk Change vs. S&P 500: -1.0835          Short Ratio > 5?           0.9040
Price/Book Value < 3?      1.5302          Short % of Float > 20?     0.5330
Return on Assets > 17%?    0.4247          Average Volume > 100,000?  3.0000

Cash Flow Tests:
Oper. C.F. > Lever'd C.F: -1.5490          Positive Free Cash Flow?  -1.0000
Positive Oper. Cash Flow?  3.0000          Price to C.F.Ratio < 14?:  1.8235
                                           Cash Flow / Assets > 10%?  1.6932

FN     Fabrinet                            Overall Zenith Index:      1.3399


[Home]
Financial Statements

FABRINET  (FN)                              INCOME STATEMENT

Fiscal year ends in June.                            2013-06         2014-06         2015-06         2016-06         2017-06             TTM           

Revenue                                          641,542,016     677,854,016     773,587,008     976,747,008   1,420,489,984   1,420,489,984
Cost of revenue                                  572,124,032     603,620,992     685,814,016     857,224,000   1,249,030,016   1,249,030,016
Gross profit                                      69,418,000      74,233,000      87,773,000     119,523,000     171,460,000     171,460,000


Operating expenses
Sales, General and administrative                 25,839,000      27,664,000      40,613,000      49,753,000      65,626,000      65,626,000
Other operating expenses                         -27,211,000     -44,748,000               0         -36,000               0               0
Total operating expenses                          -1,372,000     -17,084,000      40,613,000      49,717,000      65,626,000      65,626,000

Operating income                                  70,790,000      91,317,000      47,160,000      69,806,000     105,834,000     105,834,000
Interest Expense                                   1,010,000         713,000         616,000       1,569,000       3,321,000       3,321,000
Other income (expense)                             2,129,000       2,566,000       1,082,000          -5,000       1,344,000       1,344,000
Income before taxes                               71,909,000      93,170,000      47,626,000      68,232,000     103,857,000     103,857,000
Provision for income taxes                         2,940,000       1,439,000       3,984,000       6,335,000       6,742,000       6,742,000
Net income from continuing operations             68,969,000      91,731,000      43,642,000      61,897,000      97,115,000      97,115,000
Net income                                        68,969,000      91,731,000      43,642,000      61,897,000      97,115,000      97,115,000
Net income available to common shareholders       68,969,000      91,731,000      43,642,000      61,897,000      97,115,000      97,115,000

Earnings per share
Basic                                                   2.00            2.63            1.23            1.73            2.63            2.63 
Diluted                                                 1.98            2.58            1.21            1.68            2.57            2.57 

Weighted average shares outstanding
Basic                                             34,557,000      34,938,000      35,354,000      35,857,000      36,927,000      36,927,000
Diluted                                           34,846,000      35,589,000      35,984,000      36,872,000      37,852,000      37,852,000

____________________________________________________________________________________________________________________________________________


FABRINET  (FN)                              BALANCE SHEET

Fiscal year ends in June.                            2013-06         2014-06         2015-06         2016-06         2017-06             

Assets

Current assets

Cash

Short-term investments                                     0               0     142,866,000     141,708,992     151,450,000
Total cash                                       149,716,000     233,476,992     255,844,000     284,512,992     285,275,008

Receivables                                      118,475,000     101,168,000     134,952,000     196,144,992     264,348,992
Inventories                                       88,962,000     124,570,000     130,613,000     181,499,008     238,664,992
Deferred income taxes                              1,937,000       1,561,000       1,662,000       1,358,000               0
Prepaid expenses                                           0               0       2,135,000       3,114,000       6,306,000
Other current assets                               5,436,000       3,701,000       1,833,000       6,662,000       4,159,000
Total current assets                             364,526,016     464,476,992     527,039,008     673,291,008     798,753,984

Non-current assets

Property, plant and equipment
Gross property, plant and equipment              170,432,992     167,464,000     222,723,008     275,569,984     338,680,992
Accumulated Depreciation                         -70,711,000     -70,220,000     -82,069,000     -97,160,000    -121,800,000
Net property, plant and equipment                 97,206,000      97,244,000     140,654,000     178,410,000     216,880,992

Goodwill                                                   0               0               0               0       3,806,000
Intangible assets                                    164,000          72,000         137,000         499,000       5,840,000
Deferred income taxes                              2,905,000       1,775,000       2,249,000       1,806,000       2,905,000
Other long-term assets                               107,000         989,000       2,424,000       2,444,000       4,889,000
Total non-current assets                         100,382,000     100,080,000     145,464,000     183,159,008     234,320,992

Total assets                                     464,908,000     564,556,992     672,502,976     856,449,984   1,033,075,008 

Liabilities and stockholders' equity

Liabilities

Current liabilities
Short-term debt                                    9,668,000       6,000,000      36,000,000      24,600,000      48,402,000
Capital leases                                             0               0               0               0         344,000
Accounts payable                                  77,139,000      94,853,000     115,319,000     172,052,000     215,262,000
Deferred income taxes                              2,481,000               0               0               0               0
Taxes payable                                      1,825,000       1,024,000       1,470,000       2,010,000       1,976,000
Accrued liabilities                                9,341,000      12,957,000      16,209,000      20,372,000      23,079,000
Other current liabilities                         14,975,000       5,795,000      12,050,000      36,984,000      22,209,000
Total current liabilities                        115,429,000     120,629,000     181,048,000     256,018,000     311,272,000

Non-current liabilities
Long-term debt                                    19,243,000      10,500,000       4,500,000      36,400,000      22,701,000
Capital leases                                             0               0               0               0       1,024,000
Deferred taxes liabilities                                 0       1,040,000         737,000         854,000       1,981,000
Pensions and other benefits                        4,382,000               0               0               0       8,488,000
Other long-term liabilities                          536,000       5,552,000       7,274,000       8,759,000       6,035,000
Total non-current liabilities                     24,161,000      17,092,000      12,511,000      46,013,000      40,229,000

Total liabilities                                139,590,000     137,720,992     193,559,008     302,031,008     351,500,992 

Stockholders' equity

Common stock                                         346,000         352,000         354,000         362,000         373,000
Additional paid-in capital                        71,101,000      80,882,000      89,390,000     102,325,000     133,293,000
Retained earnings                                253,871,008     345,601,984     389,244,000     451,140,992     548,256,000
Accumulated other comprehensive income                     0               0         -44,000         591,000        -348,000
Total stockholders' equity                       325,318,016     426,836,000     478,944,000     554,419,008     681,574,016
Total liabilities and stockholders' equity       464,908,000     564,556,992     672,502,976     856,449,984   1,033,075,008

____________________________________________________________________________________________________________________________________________


FABRINET  (FN)                              Statement of CASH FLOW

Fiscal year ends in June. USD.                       2013-06         2014-06         2015-06         2016-06         2017-06             TTM           

Cash Flows From Operating Activities
Net income                                        68,969,000      91,731,000      43,642,000      61,897,000      97,115,000      97,115,000
Depreciation & amortization                       10,211,000      10,658,000      12,947,000      17,357,000      23,793,000      23,793,000
Amortization of debt discount/premium and is               0               0       1,512,000       1,556,000       1,203,000       1,203,000
Investment/asset impairment charges                 -678,000               0               0               0               0               0
Investments losses (gains)                                 0               0         120,000         194,000               0               0
Deferred income taxes                              2,086,000          65,000        -878,000         864,000         754,000         754,000
Stock based compensation                           5,100,000       5,547,000       8,027,000       9,927,000      26,507,000      26,507,000
Accounts receivable                                4,739,000      17,379,000     -33,797,000     -61,013,000     -64,142,000     -64,142,000
Inventory                                         14,229,000     -36,051,000      -6,440,000     -50,598,000     -53,802,000     -53,802,000
Accounts payable                                  -8,861,000      17,714,000      20,466,000      56,308,000      38,293,000      38,293,000
Income taxes payable                                  -5,000         737,000         446,000         573,000         -67,000         -67,000
Other working capital                            -43,236,000      -3,596,000       3,823,000       7,308,000      -3,610,000      -3,610,000
Other non-cash items                              -3,804,000     -37,634,000       2,761,000       2,715,000       4,890,000       4,890,000
Net cash provided by operating activities         48,750,000      66,550,000      52,629,000      47,088,000      70,934,000      70,934,000

Cash Flows From Investing Activities
Investments in property, plant, and equipmen     -10,793,000     -10,835,000     -51,398,000     -40,616,000     -68,262,000     -68,262,000
Property, plant, and equipment reductions             29,000          29,000          48,000         194,000         230,000         230,000
Acquisitions, net                                          0               0               0               0      -9,917,000      -9,917,000
Purchases of investments                                   0               0    -203,407,008    -108,341,000    -122,778,000    -122,778,000
Sales/Maturities of investments                            0               0      59,392,000     108,949,000     111,939,000     111,939,000
Purchases of intangibles                              -2,000          -1,000        -134,000        -379,000      -1,768,000      -1,768,000
Other investing activities                         4,904,000      37,795,000               0         590,000               0               0
Net cash used for investing activities            -5,862,000      26,988,000    -195,499,008     -39,603,000     -90,556,000     -90,556,000

Cash Flows From Financing Activities
Debt issued                                                0               0      30,000,000      68,000,000      27,500,000      27,500,000
Debt repayment                                    -9,668,000     -12,411,000      -6,000,000     -47,500,000     -18,533,000     -18,533,000
Common stock issued                                  561,000       4,567,000         835,000       5,479,000       5,890,000       5,890,000
Other financing activities                           -21,000        -327,000      -2,298,000      -3,117,000      -1,425,000      -1,425,000
Net cash provided by (used for) financing         -9,128,000      -8,171,000      22,537,000      22,862,000      13,432,000      13,432,000

Effect of exchange rate changes                      449,000      -1,606,000        -166,000        -521,000         523,000         523,000
Net change in cash                                34,209,000      83,761,000    -120,499,000      29,826,000      -5,667,000      -5,667,000
Cash at beginning of period                      115,507,000     149,716,000     233,476,992     112,978,000     142,804,000     142,804,000
Cash at end of period                            149,716,000     233,476,992     112,978,000     142,804,000     137,136,992     137,136,992

Free Cash Flow
Operating cash flow                               48,750,000      66,550,000      52,629,000      47,088,000      70,934,000      70,934,000
Capital expenditure                              -10,795,000     -10,836,000     -51,532,000     -40,995,000     -70,030,000     -70,030,000
Free cash flow                                    37,955,000      55,714,000       1,097,000       6,093,000         904,000         904,000
____________________________________________________________________________________________________________________________________________





[Home]
Average to Current P/E Ratios
              (FN)     Fabrinet

                               2012    2013    2014    2015    2016

          Annual Earnings:     1.98    2.58    1.21    1.68    2.57
Average Price During Year:    13.75   15.01   18.77   19.09   35.17

                P/E Ratio:     6.94    5.82   15.51   11.36   13.68

 Average 5-Year P/E Ratio  =  10.66
             Current Price =  35.95

Previous 5 Quarter Earnings:   0.53    0.61    0.67    0.57    0.72

           Current Annualized (Last Four Quarters) Earnings =  1.96
                                                           ________
                                 Average PE / Current PE =     0.58
                                                           --------

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


[Home]
Financial Ratios

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



[Home]
Market Grader

900
901 903 904 905 906 907 908 909 910 911



[Home]
Intrinsic Value (DCF)

Intrinsic Value by Discounted Cash Flow Method:

Intrinsic Value



[Home]
Book Value

Tangible Book Value:

Book Value



[Home]
Projected Earnings

Earnings Estimates
Earnings Estimates



[Home]
Research Reports

Click Here for Research Reports



[Home]
Analysts' Opinions

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



[Home]
Insider Activity

Insiders Chart Insider Trades
Insider Trades
Executive Compensation Executive Compensation



[Home]
Institutional Activity

Institutional Orders to Buy or Sell:

institutions 1
Ownership:

institutions 2


[Home]
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



[Home]
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


[Home]
Standard & Poor's

S&P Stock Report (Requires Adobe Acrobat Reader)



[Home]
Management's Discussion of Results of Operations Excerpts

Click Here for Management's Discussion Excerpts



[Home]
Moving Average Chart



[Home]
Right Time Study



[Home]
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 FABRINET:
Symbol? FN
Total Months Available:  87
       Months in Cycle?   4

Months Covered by Periods:  12

Period 1           Period 2          Period 3
   H1      L1        H2      L2        H3      L3
  46.50   33.98     49.63   31.97     47.02   34.35

RANGE   =  49.63  TO   31.97            Close =  35.78
CHANNEL =  46.50  TO   34.35           Degree =   7
Volatility =  33.96%                    Index =  23
Channel Chart



[Home]
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.



[Home]
Intraday Chart

2 Days:



[Home]
Val Idea

4 out of 8 favorable, (neutral opinion.)

Val Idea Val Idea


[Home]
Stock Consultant

Stock Consultant Stock Consultant



[Home]
Point & Figure Chart

P & F Chart


[Home]
Wall Street Analyzer





[Home]
Marketspace Chart

Marketspace Chart



[Home]
Time Series Forecast

Time Series 1 Time Series 2


[Home]
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



[Home]
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.




[Home]
Recommendation

Decision Weighting Factors
FactorsWeighted Points
News + 1
Comparison + 1
Industry + 1
Bond Issue 0
Zenith Index + 1
Non-GAAP vs. GAAP Earnings - 1
Cash Flow - 1
Average to Current P/E - 1
Ratios + 1
Market Grader + 1
Intrinsic Value DCF - 1
Tangible Book Value - 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
Moving Average - 1
Right Time Study - 1
MACD Histogram Divergence + 1
Val Idea 0
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 - 4
Place 860 shares of Fabrinet (FN ) on the Active List.