03-17-2020: Pacific Gas & Electric Company (PCG): Government Is the Problem

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Pacific Gas & Electric Company

When one is dealing with a very large public utility, there is almost a sense that it is too big, too vital to the quality of life for those it serves, to allow it to fail in any way. Thus, when one views the "collapse" of Pacific Gas & Electric Co. (PGC), due to settlements for victims of wildfires emptying its cash reserves, and the ensuing stock price collapse, one must wonder it a return to normalcy is inevitable. The wild card in all of this is the California State Government.

We have never been "fans" of PG&E. The movies "Erin Brockovich" in which PG&E played the villain to a crusading individual exposing unsafe utility practices leading to the shut down of Moss Landing Power Plant, and "China Syndrome" in which Jane Fonda played a crusading reporter investigating a nuclear power plant near meltdown which many thought could have been inspired by PG&E, were not too far off reality. PG&E's neglect of safety caught up with it when downed power lines started wildfires for which it is blamed. But at the same time, we feel a little sympathetic to PG&E because of with what is has to deal.

Power "outages" have been a big problem in California which were blamed on mismanagement of utilities, and in particular, PG&E. A bill resides in the California Legislature to force utilities to pay damages to companies hurt by outages. This is rather unusual when compared to most states. This problem became particularly apparent during the Gray Davis Administration when during his term as Governor deals were made to supply emergency power from the now defunct Enron Corporation (which had "cooked books".) Davis was impeached and the next administration formed the "California Independent System Operator" ("CAISO") which has the power too override local utility managements to coordinate loads throughout the state. This was under the chafing of utilities who believed they were far more expert than "government" in running their operations and already had cooperative arrangements through various inter-utility grids.

PG&E was forced into bankruptcy by the wildfire settlements imposed by the State of California, but states it is still a "going concern" and will emerge stronger and better than ever, apologizing patronizingly for past mistakes with a new management imposed upon it by politics.

The following are opinions, which we hope are based upon fact but not guaranteed accurate. California is an usually "political" state where representatives cater to voters in ways that are unfair to businesses. Very often California utility rates use business rates to subsidize residential rates in order to gain votes for legislators. This short-sighted practice causes businesses to leave California in large numbers in favor of states which are more "professionally run." California's government officials are often incompetent, self-serving, and not well educated. Utilities, in public statements, patronize and cater to these officials admitting to real or imagined "wrongs" because of the power those officials hold. But in reality, many utilities and businesses hold contempt for California's short-sighted government officials which inevitably hurt employment and quality of life in their state. An example is the wildfires, where California State Government is doing much less to prevent those than in former decades, due to mismanagement of resources, high taxes spent on frivlous waste items, and a general refusal to enforce laws that could help mitigate the problem like $1,000 fines for hanging a lighted cigarette out a car window.

So, if you invest in PG&E, you are taking on a risk that is mainly that posed by the California State Government itself. Will it so something wacky like take over the utility and try to manage it itself? Rates offered by many municipally-owned utilities in California do not compete successfully with private utilities because of government inefficiencies and mismanagement. These utilities pay no corporate income taxes, giving them a huge advantage, yet still cannot provide competitive rates.

Much as dislike the way PG&E has been run in the past, we think it is now a gamble as to whether or not it can survive the politics of Calfornia's incompetent leaders. If you believe it can, then it is a "buy" no matter what our ultimate conclusion seems to be in this article. This article reflects what the majority of analysts and researchers think are the prospects of the company going forward. They seem unwilling to take the gamble. 



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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.

PG&E Co poration (PCG)                                    Exchange: NYSE
77 Beale Street
PO Box 770000                    Sector: Utilities
San Francisco, CA 94177          Industry: UtilitiesGÇöRegulated Electric

PG&E Corporation, through its subsidiary, Pacific Gas and Electric
Company, engages in the sale and delivery of electricity and natural gas
to residential, commercial, industrial, and agricultural customers in
northern and central California, the United States. The company's
electricity distribution network consists of approximately 107,000
circuit miles of distribution lines, 50 transmission switching
substations, and 769 distribution substations; and electricity
transmission network comprises approximately 18,000 circuit miles of
interconnected transmission lines and 84 electric transmission
substations. Its natural gas system consists of approximately 43,100
miles of distribution pipelines, approximately 6,400 miles of backbone
and local transmission pipelines, and various storage facilities. The
company also owns and operates nuclear, hydroelectric, fossil
fuel-fired, and solar electricity generation facilities. PG&E
Corporation was incorporated in 1905 and is based in San Francisco,
California. On January 29, 2019, PG&E Corporation Inc. filed a voluntary
petition for reorganization under Chapter 11 in the U.S. Bankruptcy
Court for the Northern District of California.

Last Trade:   9.06                           52-Week Range:  25.19 -   3.55
Employees: 23,000                            Avg.Volume:  13,287,398 Shares

Corporate Governance:
Pillar scores are Audit: 5; Board: 1; Shareholder Rights: 1; Compensation: 3.
         (A lower number means less governance risk.)

EPS: %-14.50    Dividend Amount: $ 0.00          Yield:  0.00%
             Ex-Dividend Date: Sep 28, 2017    Payout Ratio:   0.00

Key Statistics:

    Trailing P/E:   0.00              Forward P/E (est.):   3.90
                                           Target Price:  16.44

Qrtly Stock Price Growth (yoy): -53.89%               Beta:   0.55
Qrtly S&P Index   Growth (yoy):  16.00%        Short Ratio:   2.71%
    Qrtly Revenue Growth (yoy):  52.00%         Shares Out:  529250000
   Qrtly Earnings Growth (yoy):   0.00%

          Book Value:   9.70                    Debt/Equity: 499.30%
    Price/Book Value:   1.68        Operating Profit Margin:   8.04%
         Price/Sales:   0.50                  Profit Margin: -44.70%
         Market Cap:   5,404,000,000       Return on Equity: -83.71%
    Enterprise Value:  10,860,000,000      Return on Assets:   1.06%

    Operating Cash Flow:      4,816,000
         Free Cash Flow:     -3,026,000



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

  Total Revenue                             17,129,000  16,759,000  17,135,000
  Cost of Revenue                           12,554,000  11,652,000  11,325,000
  Gross Profit                               4,575,000   5,107,000   5,810,000

Operating Expenses:
  Research & Development                             0           0           0
  Selling, General & Administrative                  0           0           0
  Total Operating Expenses                   3,234,000   3,036,000   2,854,000

Operating Income or Loss                     1,341,000   2,071,000   2,956,000

Income from Continuing Operations:
  Total Other Income/Expenses Net          -11,531,000 -11,347,000      72,000
  Interest Expense                             934,000     929,000     888,000
  Income Before Taxes                      -11,042,000 -10,129,000   2,171,000
  Income Tax Expense                        -3,400,000  -3,292,000     511,000

Net Income from Continuing Op.s             -7,642,000  -6,837,000   1,660,000

Non-recurring Events:
  Extraordinary Items                                0           0           0
  Net Income                                -7,642,000  -6,837,000   1,660,000

Net Income Avail to Common Shares           -7,656,000  -6,851,000   1,646,000



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

  Net Income                            -7,642,000    -6,837,000     1,660,000

Operating Activities:
  Depreciation                           3,234,000     3,036,000     2,854,000
  Changes in Accounts Recv'bls            -104,000      -121,000        67,000
  Changes in Liabilities                -1,497,000    -1,762,000       336,000
  Changes in Inventories                   -80,000       -73,000       -18,000
  Changes in other Oper'g Acts          11,355,000    10,927,000       -56,000

Total Cash Flow f Operations             4,816,000     4,752,000     5,977,000

Investing Activities:
  Capital Exenditures                   -6,313,000    -6,514,000    -5,641,000
  Investments                                    0             0             0
  Other Cash Flows fr Investing             11,000        23,000        23,000

Total Cash Flows from Investing         -6,378,000    -6,564,000    -5,650,000

Financing Activities:
  Dividends Paid                                 0             0    -1,021,000
  Sale of Purchase of Stock                 85,000       200,000       395,000
  Other Cash Flows fr Financing             -8,000       -20,000        23,000

Total Cash Flows from Financing          1,464,000     3,031,000       -55,000

Change in Cash & Cash Equiv.               -98,000     1,219,000       272,000



Annual Balance Sheets:                              (All Numbers in Thousands)
  Period Ending                          12/31/2019    12/31/2018    12/31/2017
Current Assets:
  Cash & Cash Equivalents                 1,668,000       449,000       177,000
  Short Term Investments                          0             0             0
  Net Receivables                         1,148,000     1,243,000     1,252,000
  Inventory                                 554,000       481,000       463,000
  Other Current Assets                      681,000     1,079,000       706,000
  Total Current Assets                    9,195,000     6,281,000     6,164,000

  Long-Term Investments                  90,376,000    83,272,000    77,248,000
  Property, Plant & Equipt               63,921,000    58,557,000    53,789,000
  Goodwill                                        0             0             0
  Intangible Assets                               0             0             0
  Other Assets                            1,804,000     1,480,000     1,221,000

Total Assets                             85,196,000    76,995,000    68,012,000

Current Liabilities:
  Accounts Payable                        1,954,000     1,975,000     1,646,000
  Current Portion LT Debt                     4,000       228,000       217,000
  Other Current Liabilities               1,254,000    15,737,000     2,010,000
  Total Current Liabilities               7,631,000    41,695,000      7,129,000

  Long Term Debt                                  0    17,753,000    16,220,000
  Other Liabilities                      53,119,000     2,464,000     2,130,000

Total Liabilities                        79,808,000    64,092,000    48,540,000

Stockholder Equity:
  Common Stock                           13,038,000             0             0
  Retained Earnings                      -7,892,000      -250,000     6,596,000
  Capital Surplus                           -10,000        -9,000        -8,000
  Total Stockholder Equity                5,136,000    12,651,000    19,220,000



PG&E Corporation (PCG)                      [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?    3.0000
Price/Sales Ratio < 2.3?   3.0000          Inventory/Sales < 5%?      1.5459
Sales < $1 Billion?        0.0584          Operating Margin < 7.5%?   0.9328

Balance Sheet Tests:
Debt/Equity < 0.40?        0.0801          Long-Term Debt Service:    3.0000
LTD Being Reduced?         3.0000          Short-Term Debt Service:   0.0000
Current Ratio > 2?         0.6025          Working Capital >= 1.5?    1.2615
Leverage Ratio < 20%?      3.0000          Debt/Assets < 1?           3.0000
Quick Ratio > 1?           3.0000          Inventory Turnover > 1?    0.1713
Share Equity Increase:     1.0642          Market Cap.< 1.5 Billion?  0.2776
                                           Intangibles < 3% Assets?   3.0000
Income Tests:
Profit Margin < 7.5%?     -3.0000          EPS Annual Growth > 10%?   0.0895
Dividend Yield > 2.0%?     0.0000          EPS 3-yr Growth > 15?     -0.0322
Enterprise Value/Revenue   0.3154          EPS Growth Consistent?    -2.0000
Enterprise Value/EBITDA:  -3.0000          Collection < 45 days?      1.8395
EPS Qrtly Growth > 10%?    0.0000          Gross Pft/Cur. LTD > 1?    3.0000
                                           Borrowing Int. Rate < 6%?  3.0000
Stock Performance Tests:
Volatility > 25%?          3.0000          % Held by Insiders < 5%?   3.0000
Beta > 1.25?               0.4400          % Held by Institut. < 50?  0.5986
50 Da MA > 200 Da MA?      1.4834          % Held by Institut. > 30?  2.7843
52-Wk Change vs. S&P 500: -1.0363          Short Ratio > 5?           0.5420
Price/Book Value < 3?      3.0000          Short % of Float > 20?     0.3000
Return on Assets > 17%?    0.0624          Average Volume > 100,000?  3.0000

Cash Flow Tests:
Oper. C.F. > Lever'd C.F: -1.5915          Positive Free Cash Flow?  -1.0000
Positive Oper. Cash Flow?  3.0000          Price to C.F.Ratio < 14?:  3.0000
                                           Cash Flow / Assets > 10%?  1.4858

PCG    PG&E Corporation                    Overall Zenith Index:      1.0670


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Financial Statements

PG&E CORP  (PCG)                            INCOME STATEMENT

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

Revenue                                           16,833,000      17,666,000      17,135,000      16,759,000      17,129,000      17,129,000
Cost of revenue                                   12,713,000      12,734,000      11,325,000      11,652,000      12,554,000      12,554,000
Gross profit                                       4,120,000       4,932,000       5,810,000       5,107,000       4,575,000       4,575,000


Operating expenses
Restructuring, merger and acquisition                      0               0               0               0         346,000         346,000
Other operating expenses                           2,612,000       2,755,000       2,854,000       3,036,000       2,888,000       2,888,000
Total operating expenses                           2,612,000       2,755,000       2,854,000       3,036,000       3,234,000       3,234,000

Operating income                                   1,508,000       2,177,000       2,956,000       2,071,000       1,341,000       1,341,000
Interest Expense                                     773,000         829,000         888,000         929,000         934,000         934,000
Other income (expense)                               126,000         114,000         103,000     -11,271,000     -11,449,000     -11,449,000
Income before taxes                                  861,000       1,462,000       2,171,000     -10,129,000     -11,042,000     -11,042,000
Provision for income taxes                           -27,000          55,000         511,000      -3,292,000      -3,400,000      -3,400,000
Net income from continuing operations                888,000       1,407,000       1,660,000      -6,837,000      -7,642,000      -7,642,000
Net income                                           888,000       1,407,000       1,660,000      -6,837,000      -7,642,000      -7,642,000
Preferred dividend                                    14,000          14,000          14,000          14,000          14,000          14,000
Net income available to common shareholders          874,000       1,393,000       1,646,000      -6,851,000      -7,656,000      -7,656,000

Earnings per share
Basic                                                   1.81            2.79            3.21          -13.25          -14.50          -14.50 
Diluted                                                 1.79            2.78            3.21          -13.25          -14.50          -14.50 

Weighted average shares outstanding
Basic                                                484,000         499,000         512,000         517,000         528,000         528,000
Diluted                                              487,000         501,000         513,000         517,000         528,000         528,000

____________________________________________________________________________________________________________________________________________


PG&E CORP  (PCG)                            BALANCE SHEET

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

Assets

Current assets

Cash

Total cash                                           123,000         177,000         449,000       1,668,000       1,570,000

Receivables                                        1,106,000       1,252,000       1,243,000       1,148,000       1,287,000
Inventories                                          439,000         463,000         481,000         554,000         647,000
Other current assets                               4,154,000       4,272,000       4,108,000       5,825,000       6,661,000
Total current assets                               5,822,000       6,164,000       6,281,000       9,195,000      10,165,000

Non-current assets

Property, plant and equipment
Gross property, plant and equipment               67,342,000      72,595,000      77,248,000      83,272,000      90,376,000
Accumulated Depreciation                         -20,619,000     -22,014,000     -23,459,000     -24,715,000     -26,455,000
Net property, plant and equipment                 46,723,000      50,581,000      53,789,000      58,557,000      63,921,000

Equity and other investments                       2,470,000       2,606,000       2,863,000       2,730,000       3,173,000
Other long-term assets                             8,324,000       9,247,000       5,079,000       6,513,000       7,937,000
Total non-current assets                          57,517,000      62,434,000      61,731,000      67,800,000      75,031,000

Total assets                                      63,339,000      68,598,000      68,012,000      76,995,000      85,196,000 

Liabilities and stockholders' equity

Liabilities

Current liabilities
Short-term debt                                    1,179,000       2,216,000       1,376,000      21,995,000       1,500,000
Capital leases                                             0               0               0               0         556,000
Accounts payable                                   1,414,000       1,495,000       1,646,000       1,975,000       1,954,000
Accrued liabilities                                  206,000         216,000         217,000         228,000           4,000
Other current liabilities                          3,564,000       3,637,000       3,890,000      17,497,000       3,617,000
Total current liabilities                          6,363,000       7,564,000       7,129,000      41,695,000       7,631,000

Non-current liabilities
Long-term debt                                    16,030,000      16,220,000      17,753,000               0               0
Capital leases                                             0               0               0               0       1,730,000
Deferred taxes liabilities                         9,206,000      10,213,000       5,822,000       3,281,000         320,000
Pensions and other benefits                        2,622,000       2,641,000       2,128,000       2,119,000       1,884,000
Minority interest                                    252,000         252,000         252,000         252,000         252,000
Other long-term liabilities                       12,290,000      13,768,000      15,708,000      16,997,000      68,243,000
Total non-current liabilities                     40,400,000      43,094,000      41,663,000      22,649,000      72,429,000

Total liabilities                                 46,763,000      50,658,000      48,792,000      64,344,000      80,060,000 

Stockholders' equity

Common stock                                      11,282,000      12,198,000      12,632,000      12,910,000      13,038,000
Retained earnings                                  5,301,000       5,751,000       6,596,000        -250,000      -7,892,000
Accumulated other comprehensive income                -7,000          -9,000          -8,000          -9,000         -10,000
Total stockholders' equity                        16,576,000      17,940,000      19,220,000      12,651,000       5,136,000
Total liabilities and stockholders' equity        63,339,000      68,598,000      68,012,000      76,995,000      85,196,000

____________________________________________________________________________________________________________________________________________


PG&E CORP  (PCG)                            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                                           888,000       1,407,000       1,660,000      -6,837,000      -7,642,000      -7,642,000
Depreciation & amortization                        2,612,000       2,755,000       2,854,000       3,036,000       3,234,000       3,234,000
Deferred income taxes                                693,000       1,030,000       1,254,000      -2,532,000      -2,948,000      -2,948,000
Change in working capital                         -1,066,000      -1,557,000         -56,000      10,927,000      11,355,000      11,355,000
Accounts receivable                                 -177,000        -473,000          67,000        -121,000        -104,000        -104,000
Inventory                                             37,000         -24,000         -18,000         -73,000         -80,000         -80,000
Accounts payable                                     -55,000         180,000         173,000         409,000         516,000         516,000
Accrued liabilities                                        0         690,000        -129,000               0               0               0
Other working capital                               -871,000      -1,930,000        -149,000      10,712,000      11,023,000      11,023,000
Other non-cash items                                 626,000         774,000         265,000         158,000         817,000         817,000
Net cash provided by operating activities          3,753,000       4,409,000       5,977,000       4,752,000       4,816,000       4,816,000

Cash Flows From Investing Activities
Investments in property, plant, and equipmen      -5,173,000      -5,709,000      -5,641,000      -6,514,000      -6,313,000      -6,313,000
Purchases of investments                          -1,392,000      -1,352,000      -1,323,000      -1,485,000      -1,032,000      -1,032,000
Sales/Maturities of investments                    1,268,000       1,295,000       1,291,000       1,412,000         956,000         956,000
Other investing activities                            86,000         240,000          23,000          23,000          11,000          11,000
Net cash used for investing activities            -5,211,000      -5,526,000      -5,650,000      -6,564,000      -6,378,000      -6,378,000

Cash Flows From Financing Activities
Debt issued                                        1,806,000       1,483,000       3,463,000       5,353,000       1,850,000       1,850,000
Debt repayment                                      -300,000        -169,000      -2,785,000      -2,502,000        -463,000        -463,000
Common stock issued                                  780,000         822,000         395,000         200,000          85,000          85,000
Dividend paid                                       -856,000        -921,000      -1,021,000               0               0               0
Other financing activities                                 0         -44,000        -107,000         -20,000          -8,000          -8,000
Net cash provided by (used for) financing          1,430,000       1,171,000         -55,000       3,031,000       1,464,000       1,464,000

Net change in cash                                   -28,000          54,000         272,000       1,219,000         -98,000         -98,000
Cash at beginning of period                          151,000         123,000         177,000         456,000       1,675,000       1,675,000
Cash at end of period                                123,000         177,000         449,000       1,675,000       1,577,000       1,577,000

Free Cash Flow
Operating cash flow                                3,753,000       4,409,000       5,977,000       4,752,000       4,816,000       4,816,000
Capital expenditure                               -5,173,000      -5,709,000      -5,641,000      -6,514,000      -6,313,000      -6,313,000
Free cash flow                                    -1,420,000      -1,300,000         336,000      -1,762,000      -1,497,000      -1,497,000
____________________________________________________________________________________________________________________________________________





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Average to Current P/E Ratios
              (PCG)     PG&E Corp.

                               2015    2016    2017    2018    2019

          Annual Earnings:     1.79    2.78    3.21  -13.25  -14.50
Average Price During Year:    53.03   59.36   64.86   42.69   16.06

                P/E Ratio:    29.62   21.35   20.20    3.22    1.11

 Average 5-Year P/E Ratio  =  15.10
             Current Price =  10.21

Previous 5 Quarter Earnings: -13.24    0.25   -4.83   -3.06   -6.83

          Current Annualized (Last Four Quarters) Earnings = -14.72
                                                           ________
                                 Average PE / Current PE =   -21.77
                                                           --------

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


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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 PACIFIC G & E:
Symbol? PCG
Total Months Available:  25
       Months in Cycle?   4

Months Covered by Periods:  12

Period 1           Period 2          Period 3
   H1      L1        H2      L2        H3      L3
  25.19   15.49     20.31    3.55     18.34    5.96

RANGE   =  25.19  TO    3.55            Close =   9.06
CHANNEL =  18.34  TO   15.49           Degree =   1
Volatility =  31.46%                    Index =   3
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


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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

3 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 + 1
Point & Figure - 1
Wall Street Analyzer - 1
Marketspace Chart - 1
Time Series Chart + 1
Neural Network - 1
Stock Options + 1
Ultimate Trading Systems - 1
Total - 9
Place 3,350 shares of Pacific Gas & Electric Co. (PCG) on the Active List.