11-28-2017: Monarch Casino & Resort, Inc. (MCRI): Focused on Two Casinos

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Recommendation

Monarch Casino & Resort, Inc.

Monarch Casino & Resort, Inc. (MCRI) retains its name from the time when it owned only the Atlantis Casino in the Reno area. However, after a major acquisition, it now concentrates upon two casinos, the other the "Blackhawk" in the Denver area, which it acquired from Riviera, a Las Vegas casino operator. The strategic locations of both casinos appears to be a major factor in improving revenues.

Management seems modestly compensated, although this is a family-owned business with corporate governance implications, and the CEO is regularly dumping stock option perquisites on the open market. Institutions seems anxious to make more acquisitions. Researchers and analysts are generally in favor.

We first noticed an extremely high Zenith Index suggesting strong fundamentals and growth prospects. Fundamentally, the financials make this one of the stronger casino operators. It is in a strongly performing industry group, as improving economy allows more discretionary spending.

The company has a good website illustrating all the resorts have to offer as well as future prospects, but we notice a lack of any glitzy annual report or CEO Letter to Shareholders as a possible source of lack of shareholder concern.

There is very little PR news from this company, just announcements on progress of its renovations and building programs as well as steadily "beat Wall St. estimate" quarterly reports.

We thought the company had an exceptionally good Management Reporting section. The organization remains focused in the resorts/gambling area, although its distant past history showed unsuccessful attempts to get into other less focused lines of business. These included relations motel chains like Travelodge and Clarion Inns.



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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.

Monarch Casino & Resort, Inc. (MCRI)                      Exchange: Nasdaq
3800 South Virginia Street
Reno, NV 89502                   Sector: Services
United States                    Industry:Resorts & Casinos

Monarch Casino & Resort, Inc., through its subsidiaries, owns and
operates the Atlantis Casino Resort Spa, a hotel/casino facility in
Reno, Nevada; and the Monarch Casino Black Hawk in Black Hawk, Colorado.
As of February 22, 2017, its Atlantis Casino Resort Spa featured
approximately 61,000 square feet of casino space; 824 guest rooms and
suites; 8 food outlets; 2 espresso and pastry bars; a 30,000 square foot
health spa and salon with an enclosed year-round pool; 2 retail outlets
offering clothing and traditional gift shop merchandise; an 8,000
square-foot family entertainment center; and approximately 52,000 square
feet of banquet, convention, and meeting room space. The company-Ęs
Atlantis Casino Resort Spa also featured approximately 1,450 slot and
video poker machines; approximately 38 table games, including blackjack,
craps, roulette, and others; a race and sports book; a 24-hour live keno
lounge; and a poker room. In addition, its Monarch Casino Black Hawk
featured approximately 30,000 square feet of casino space, 720 slot
machines, 14 table games, a 250 seat buffet-style restaurant, a snack
bar, and a nine story parking structure with approximately 1,350 spaces,
as well as additional existing valet parking capacity to 1,500 spaces.
Monarch Casino & Resort, Inc. was founded in 1972 and is based in Reno,
Nevada.

Last Trade:  45.96                           52-Week Range:  47.92 -  23.10
Employees: 2,100                             Avg.Volume:      59,277 Shares

Corporate Governance:
Pillar scores are Audit: 2; Board: 9; Shareholder Rights: 7; Compensation: 5.
         (A lower number means less governance risk.)

EPS:  1.48    Dividend Amount: $%239.00          Yield:  0.00%
             Ex-Dividend Date: N/A             Payout Ratio:   0.00

Key Statistics:

    Trailing P/E:  32.10              Forward P/E (est.):  28.39
                                           Target Price:  47.25

Qrtly Stock Price Growth (yoy):  77.38%               Beta:   1.00
Qrtly S&P Index   Growth (yoy):   6.70%        Short Ratio:  15.50%
    Qrtly Revenue Growth (yoy):  17.96%         Shares Out:  17700000
   Qrtly Earnings Growth (yoy):   0.00%

          Book Value:  14.13                    Debt/Equity:  10.56%
    Price/Book Value:   3.35        Operating Profit Margin:  18.60%
         Price/Sales:   3.74                  Profit Margin:  11.77%
         Market Cap:     839,181,000       Return on Equity:  11.38%
    Enterprise Value:     834,910,000      Return on Assets:   8.90%

    Operating Cash Flow:     44,900,000
         Free Cash Flow:     12,850,000



Annual Income Statement:                          (All numbers in thousands)
  Period Ending                             12/31/2016  12/31/2015  12/31/2014

  Total Revenue                                217,032     202,245     187,767
  Cost of Revenue                              101,387      95,006      88,985
  Gross Profit                                 115,645     107,239      98,782

Operating Expenses:
  Research & Development                             0           0           0
  Selling, General & Administrative             61,585      58,742      58,396
  Non-Recurring Expenses                             0           0           0
  Other Operating Expenses                      14,835      15,933      17,824
  Total Operating Expenses                           0           0           0

Operating Income or Loss                        38,548      32,555      22,219

Income from Continuing Operations:
  Total Other Income/Expenses Net                 -677          -9        -343
  Earnings Before Interest & Taxes              38,548      32,555      22,219
  Interest Expense                                 616         679       1,104
  Income Before Taxes                           37,932      31,876      21,115
  Income Tax Expense                            13,358      11,217       6,930
  Minority Interest                                  0           0           0

Net Income from Continuing Op.s                 24,574      20,659      14,185

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                                    24,574      20,659      14,185
  Preferred Stock & Other Adjustments                0           0           0

Net Income Avail to Common Shares               24,574      20,659      14,185



Annual Cash Flow Statement:                   (All numbers in thousands)
  Period Ending                         12/31/2016    12/31/2015    12/31/2014

  Net Income                                24,574        20,659        14,185

Operating Activities:
  Depreciation                              15,245        16,271        18,129
  Adjustments to Net Income                  2,493           669           877
  Changes in Accounts Recv'bls              -1,381          -922          -470
  Changes in Liabilities                     3,895         1,360           417
  Changes in Investories                      -216           -35          -171
  Changes in other Oper'g Acts                -882           239        -1,722

Total Cash Flow f Operations                43,728        38,241        31,245

Investing Activities:
  Capital Exenditures                      -26,121       -37,676       -21,719
  Investments                                    0             0             0
  Other Cash Flows fr Investing              1,227          -349         1,874

Total Cash Flows from Investing            -24,894       -38,025       -19,845

Financing Activities:
  Dividends Paid                                 0             0             0
  Sale of Purchase of Stock                  2,934         3,900        -2,726
  Net Borrowings                           -14,700        -5,400        -7,500
  Other Cash Flows fr Financing                  0             0         1,874

Total Cash Flows from Financing            -13,615          -635        -9,147

  Effect of Exchange Rate Chg                    0             0             0

Change in Cash & Cash Equiv.                 5,219          -419         2,253



Annual Balance Sheets:                              (All Numbers in Thousands)
  Period Ending                          12/31/2016    12/31/2015    12/31/2014
Current Assets:
  Cash & Cash Equivalents                    26,383        21,164        21,583
  Short Term Investments                          0             0             0
  Net Receivables                             5,444         4,340         5,812
  Inventory                                   3,097         2,881         2,846
  Other Current Assets                        4,487         3,402         4,021
  Total Current Assets                       39,411        31,787        34,262

  Long-Term Investments                           0             0             0
  Property, Plant & Equipt                  214,899       203,154       180,271
  Goodwill                                   25,111        25,111        25,111
  Intangible Assets                           5,035         6,200         7,366
  Accumulated Amortization                        0             0             0
  Other Assets                                3,355         1,179           609
  Deferred LT Asset Charges                   7,354         7,415         4,682

Total Assets                                295,165       274,846       252,301

Current Liabilities:
  Accounts Payable                           35,120        30,027        29,050
  Current Portion LT Debt                         0        40,900             0
  Other Current Liabilities                       0             0             0
  Total Current Liabilities                  35,120        70,927         29,050

  Long Term Debt                             35,120        30,027        29,050
  Other Liabilities                               0        40,900             0
  Deferred LT Liab. Charges                       0             0             0
  Minority Interest                               0             0             0
  Negative Goodwill                               0             0             0

Total Liabilities                            61,320        70,927        75,350

Stockholder Equity:
  Misc. Options, Warrants                         0             0             0
  Redeemable Preferred Stock                      0             0             0
  Preferred Stock                                 0             0             0
  Common Stock                                  191           191           191
  Retained Earnings                         231,978       207,404       186,745
  Treasury Stock                            -22,158       -26,404       -32,970
  Capital Surplus                            23,834        22,728        22,985
  Other Stockhohlder Equity                       0             0             0
  Total Stockholder Equity                  233,845       203,919       176,951

Net Tangible Assets                         203,699       172,608       144,474



Monarch Casino & Resort, Inc. (MCRI)        [Indices near +3.0, near zero,
                                            or < zero bear special attention.]
P/E Ratio Tests:
P/E Ratio < 28?            0.8723          P/E Ratio > 5?             1.0000
P/E Ratio Vs Growth Rate:  0.0000          Forward P/E Ratio < 28?    0.9863
Price/Sales Ratio < 2.3?   0.6150          Inventory/Sales < 5%?      3.0000
Sales < $1 Billion?        3.0000          Operating Margin < 7.5%?   0.4032

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?         0.5611          Working Capital >= 1.5?    1.3545
Leverage Ratio < 20%?      0.3008          Debt/Assets < 1?           3.0000
Quick Ratio > 1?           3.0000          Inventory Turnover > 1?    0.0405
Share Equity Increase:     2.2992          Market Cap.< 1.5 Billion?  1.7875
                                           Intangibles < 3% Assets?   0.2937
Income Tests:
Profit Margin < 7.5%?      1.5693          EPS Annual Growth > 10%?   0.0841
Dividend Yield > 2.0%?     0.0000          EPS 3-yr Growth > 15?      0.0866
Enterprise Value/Revenue   3.0000          EPS Growth Consistent?     2.0000
Enterprise Value/EBITDA:   3.0000          Collection < 45 days?      3.0000
EPS Qrtly Growth > 10%?    0.0000          Gross Pft/Cur. LTD > 1?    3.0000
                                           Borrowing Int. Rate < 6%?  2.5519
Stock Performance Tests:
Volatility > 25%?          2.0718          % Held by Insiders < 5%?   0.1438
Beta > 1.25?               0.8000          % Held by Institut. < 50?  0.8333
50 Da MA > 200 Da MA?      0.5307          % Held by Institut. > 30?  2.0000
52-Wk Change vs. S&P 500:  3.0000          Short Ratio > 5?           3.0000
Price/Book Value < 3?      0.9223          Short % of Float > 20?     0.2200
Return on Assets > 17%?    0.5235          Average Volume > 100,000?  0.5928

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?:  1.3720
                                           Cash Flow / Assets > 10%?  2.7861

MCRI   Monarch Casino & Resort, Inc.       Overall Zenith Index:      1.5842


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Financial Statements

MONARCH CASINO & RESORT INC  (MCRI)         INCOME STATEMENT

Fiscal year ends in December.                        2012-12         2013-12         2014-12         2015-12         2016-12             TTM           

Revenue                                          170,356,960     188,749,344     187,767,008     202,244,992     217,032,000     230,266,000
Cost of revenue                                   80,338,688      89,224,352      92,530,000      98,969,000     105,242,000     110,713,000
Gross profit                                      90,018,280      99,525,000      95,237,000     103,276,000     111,790,000     119,553,000


Operating expenses
Sales, General and administrative                 55,228,992      52,431,832      52,987,000      54,779,000      57,730,000      61,721,000
Restructuring, merger and acquisition              2,155,521               0               0               0               0               0
Other operating expenses                          16,650,604      16,637,932      20,031,000      15,942,000      15,512,000      15,111,000
Total operating expenses                          74,035,120      69,069,760      73,018,000      70,721,000      73,242,000      76,832,000

Operating income                                  15,983,158      30,455,234      22,219,000      32,555,000      38,548,000      42,721,000
Interest Expense                                   2,023,957       1,860,367       1,104,000         679,000         616,000         980,000
Income before taxes                               13,959,201      28,594,868      21,115,000      31,876,000      37,932,000      41,741,000
Provision for income taxes                         5,048,353      10,634,045       6,930,000      11,217,000      13,358,000      14,130,000
Net income from continuing operations              8,910,848      17,960,822      14,185,000      20,659,000      24,574,000      27,611,000
Net income                                         8,910,848      17,960,822      14,185,000      20,659,000      24,574,000      27,611,000
Net income available to common shareholders        8,910,848      17,960,822      14,185,000      20,659,000      24,574,000      27,611,000

Earnings per share
Basic                                                   0.55            1.10            0.85            1.22            1.42            1.57 
Diluted                                                 0.55            1.06            0.83            1.19            1.39            1.52 

Weighted average shares outstanding
Basic                                             16,140,078      16,301,824      16,734,000      16,948,000      17,305,000      17,508,250
Diluted                                           16,250,088      16,943,924      17,107,000      17,335,000      17,664,000      18,120,750

____________________________________________________________________________________________________________________________________________


MONARCH CASINO & RESORT INC  (MCRI)         BALANCE SHEET

Fiscal year ends in December.                        2012-12         2013-12         2014-12         2015-12         2016-12             

Assets

Current assets

Cash

Total cash                                        19,043,212      19,329,540      21,583,000      21,164,000      26,383,000

Receivables                                        2,456,883       2,628,460       3,047,000       3,729,000       5,036,000
Inventories                                        2,382,802       2,675,145       2,846,000       2,881,000       3,097,000
Deferred income taxes                              5,425,848       5,908,600       1,626,000               0               0
Prepaid expenses                                           0       2,830,212       4,021,000       3,402,000       4,487,000
Other current assets                               2,636,422         607,771       1,139,000         611,000         408,000
Total current assets                              31,945,168      33,979,728      34,262,000      31,787,000      39,411,000

Non-current assets

Property, plant and equipment
Gross property, plant and equipment              331,294,304     342,630,208     347,768,992     383,945,984     399,401,984
Accumulated Depreciation                        -152,868,720    -166,992,752    -167,498,000    -180,792,000    -184,503,008
Net property, plant and equipment                178,425,600     175,637,456     180,271,008     203,154,000     214,899,008

Goodwill                                          25,110,810      25,110,810      25,111,000      25,111,000      25,111,000
Intangible assets                                 10,204,691       8,531,219       7,366,000       6,200,000       5,035,000
Deferred income taxes                              1,214,113         349,561       4,682,000       7,415,000       7,354,000
Other long-term assets                             1,219,579         914,461         609,000       1,179,000       3,355,000
Total non-current assets                         216,174,784     210,543,520     218,039,008     243,059,008     255,754,000

Total assets                                     248,119,952     244,523,248     252,300,992     274,846,016     295,164,992 

Liabilities and stockholders' equity

Liabilities

Current liabilities
Short-term debt                                            0               0               0      40,900,000               0
Accounts payable                                   8,061,570       8,665,570       9,723,000       8,154,000      11,325,000
Taxes payable                                      2,424,517       2,046,143       2,198,000       2,396,000       2,588,000
Accrued liabilities                               15,686,078      16,131,243      17,129,000      19,477,000      21,207,000
Total current liabilities                         26,172,164      26,842,956      29,050,000      70,927,000      35,120,000

Non-current liabilities
Long-term debt                                    81,100,000      53,800,000      46,300,000               0      26,200,000
Total non-current liabilities                     81,100,000      53,800,000      46,300,000               0      26,200,000

Total liabilities                                107,272,168      80,642,960      75,350,000      70,927,000      61,320,000 

Stockholders' equity

Common stock                                         190,963         190,963         191,000         191,000         191,000
Additional paid-in capital                        34,363,688      30,926,126      22,985,000      22,728,000      23,834,000
Retained earnings                                154,599,184     172,560,000     186,744,992     207,404,000     231,978,000
Treasury stock                                   -48,306,048     -39,796,808     -32,970,000     -26,404,000     -22,158,000
Total stockholders' equity                       140,847,792     163,880,288     176,951,008     203,919,008     233,844,992
Total liabilities and stockholders' equity       248,119,952     244,523,248     252,300,992     274,846,016     295,164,992

____________________________________________________________________________________________________________________________________________


MONARCH CASINO & RESORT INC  (MCRI)         Statement of CASH FLOW

Fiscal year ends in December. USD.                   2012-12         2013-12         2014-12         2015-12         2016-12             TTM           

Cash Flows From Operating Activities
Net income                                         8,910,848      17,960,822      14,185,000      20,659,000      24,574,000      27,611,000
Depreciation & amortization                       16,650,604      16,637,932      17,824,000      15,933,000      14,835,000      15,098,000
Amortization of debt discount/premium and is         304,471         305,118         305,000         338,000         410,000         538,000
Deferred income taxes                               -240,303         795,038         336,000        -241,000         798,000               0
Stock based compensation                           1,367,967       1,220,345       1,226,000       1,544,000       1,681,000       5,897,000
Inventory                                           -124,693        -292,343        -171,000         -35,000        -216,000        -303,000
Prepaid expenses                                     453,460        -193,790      -1,191,000        -289,000      -1,085,000        -318,000
Accounts payable                                    -898,473         604,000        -733,000      -1,186,000       1,973,000         884,000
Accrued liabilities                                  164,302         341,192       1,150,000       2,546,000       1,922,000       1,815,000
Income taxes payable                                -494,239        -882,172        -531,000               0               0               0
Other working capital                                -31,112          58,745        -470,000        -394,000      -1,178,000      -2,675,000
Other non-cash items                                 -13,353        -467,614        -685,000        -634,000          14,000         751,000
Net cash provided by operating activities         26,049,480      36,087,272      31,245,000      38,241,000      43,728,000      49,298,000

Cash Flows From Investing Activities
Investments in property, plant, and equipmen     -10,328,915     -12,400,465     -21,719,000     -37,676,000     -26,121,000     -43,012,000
Property, plant, and equipment reductions             13,600               0               0               0               0               0
Acquisitions, net                                -66,746,604               0               0               0               0               0
Other investing activities                                 0          48,190       1,874,000        -349,000       1,227,000       3,635,000
Net cash used for investing activities           -77,061,920     -12,352,275     -19,845,000     -38,025,000     -24,894,000     -39,377,000

Cash Flows From Financing Activities
Debt issued                                       77,760,000               0               0               0               0               0
Debt repayment                                   -21,340,000     -27,300,000      -7,500,000      -5,400,000     -14,700,000               0
Excess tax benefit from stock based compe                  0         413,238       1,079,000         865,000         737,000               0
Other financing activities                            52,995       3,438,091      -2,726,000       3,900,000         348,000      -2,554,000
Net cash provided by (used for) financing         56,472,996     -23,448,672      -9,147,000        -635,000     -13,615,000      -2,554,000

Net change in cash                                 5,460,554         286,327       2,253,000        -419,000       5,219,000       7,367,000
Cash at beginning of period                       13,582,659      19,043,212      19,330,000      21,583,000      21,164,000      19,454,000
Cash at end of period                             19,043,212      19,329,540      21,583,000      21,164,000      26,383,000      26,821,000

Free Cash Flow
Operating cash flow                               26,049,480      36,087,272      31,245,000      38,241,000      43,728,000      49,298,000
Capital expenditure                              -10,328,915     -12,400,465     -21,719,000     -37,676,000     -26,121,000     -43,012,000
Free cash flow                                    15,720,564      23,686,808       9,526,000         565,000      17,607,000       6,286,000
____________________________________________________________________________________________________________________________________________





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Average to Current P/E Ratios
              (MCRI)       Monarch Casino & Resort Inc.

                               2012    2013    2014    2015    2016

          Annual Earnings:     0.55    1.06    0.83    1.19    1.39
Average Price During Year:     9.33   14.91   15.91   18.91   22.02

                P/E Ratio:    16.96   14.07   19.17   15.89   15.84

 Average 5-Year P/E Ratio  =  16.39
             Current Price =  47.41

Previous 5 Quarter Earnings:   0.44    0.36    0.27    0.40    0.49

           Current Annualized (Last Four Quarters) Earnings =  1.16
                                                           ________
                                 Average PE / Current PE =     0.40
                                                           --------

                                      ...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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Market Grader

900
901 902 903 904 905 906 907 908 909 910



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Intrinsic Value (DCF)

Intrinsic Value by Discounted Cash Flow Method:

Intrinsic Value



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Book Value

Tangible Book Value:

Book Value



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Projected Earnings

Earnings Estimates
Earnings Estimates



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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 Executive Compensation



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Institutional Activity

Institutional Orders to Buy or Sell:

institutions 1
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



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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

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Moving Average Chart



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Right Time Study



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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 MONARCH CASINO & RESORT INC.:
Symbol? MCRI
Total Months Available:  47
       Months in Cycle?   4

Months Covered by Periods:  12

Period 1           Period 2          Period 3
   H1      L1        H2      L2        H3      L3
  29.50   23.10     32.55   28.37     46.51   30.70

RANGE   =  46.51  TO   23.10            Close =  45.96
CHANNEL =  30.70  TO   29.50           Degree =   1
Volatility =   2.61%                    Index =   0
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

5 out of 8 favorable, (positive 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 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 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 0
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 + 13
Place 630 shares of Monarch Casino & Resort, Inc. (MCRI) on the Active List.