09-10-2018: Simpson Manufacturing Co. Inc. (SSD): Correlating With Housing Starts

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Recommendation

Simpson Manufacturing Co. Inc.

Simpson Manufacturing (SSD) is a Northern California-based maker of construction hardware for generally larger projects but also sells through Home Depot for homeowner hardware needs. It has a very diverse line of hardware products and even makes some tools and software for contractors. It has a very nice website complete with hundreds of specification sheets, manuals and instructions viewable by anyone for the use of its products. Management shows concern for shareholders and appears to have good corporate governance and pays a 1% dividend which has been steadily increasing.

Chart patterns suggest this is a buy and hold stock. Institutions are net acquirers and Dimensional Fund Advisors is prominent among holders, which we regard as a good sign. The company has little or no debt. It has been buying back shares. One problem with that is that it is a way to increase earnings per share (because of fewer shares outstanding) but the rate of increase is red-flagged as unsustainable because they are increasing faster than revenues are increasing.

Researchers and analysts are generally positive. The stock has taken a couple of major breakouts with gap openings and defied the norm that gaps tend to be filled. Instead, it appears to consolidate in a new range and await the next upward blip. The last "blip" was an 8% move in the upward direction with no warning other than earnings reports. News on this stock is sparse consisting mainly of regular positive earnings reports.

Management points out that its stock share price tends to correlate well with housing starts. The real estate market has been on a tear nationwide, so this is helping SSD enormously. The company is striving to develop overseas markets, but considers the Asian contribution to revenues minimal, concentrating mainly upon the U.S. East Coast (even though based on the West Coast), Europe, and Australia.

Its products are mainly for wood construction, tying rafters and studs together, but it is branching more and more into concrete construction materials. Any infrastructure bills passed should help this company greatly. 



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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.

Simpson Manufacturing Co., Inc. (SSD)                     Exchange: NYSE
5956 West Las Positas Boulevard
Pleasanton, CA 94588             Sector: Industrials
United States                    Industry: Tools & Accessories

Simpson Manufacturing Co., Inc., through its subsidiaries, designs,
engineers, manufactures, and sells building construction products. The
company offers wood construction products, including connectors, truss
plates, fastening systems, fasteners, and pre-fabricated lateral systems
used in light-frame construction; and concrete construction products
comprising adhesives, specialty chemicals, mechanical anchors, carbide
drill bits, powder actuated tools, and fiber reinforced materials for
use in concrete, masonry, and steel construction, as well as for
concrete repair, protection, and strengthening applications. It also
provides connectors for wood framing and cold formed steel applications;
screws, tools, and products for deck, fascia, and drywall applications;
mechanical anchors and epoxy adhesives; fiber reinforced cementitious
mortar products; and decorative hardware and connectors for outdoor
living spaces. The company markets its products to the residential
construction, light industrial and commercial construction, remodeling,
and do-it-yourself markets in the United States, Canada, France, the
United Kingdom, Germany, Denmark, Switzerland, Portugal, Poland, the
Netherlands, Belgium, Sweden, Norway, Australia, New Zealand, South
Africa, China, Taiwan, and Vietnam, as well as in Mexico, Chile, and the
Middle East. Simpson Manufacturing Co., Inc. was founded in 1956 and is
headquartered in Pleasanton, California.

Last Trade:  76.78                           52-Week Range:  78.36 -  45.84
Employees: 2,902                             Avg.Volume:     269,087 Shares

Corporate Governance:
Pillar scores are Audit: 1; Board: 2; Shareholder Rights: 1; Compensation: 3.
         (A lower number means less governance risk.)

EPS:  2.34    Dividend Amount: $ 0.88          Yield:  1.15%
             Ex-Dividend Date: Oct 2, 2018     Payout Ratio:  36.17

Key Statistics:

    Trailing P/E:  32.73              Forward P/E (est.):  20.85
                                           Target Price:  73.50

Qrtly Stock Price Growth (yoy):  66.19%               Beta:   1.47
Qrtly S&P Index   Growth (yoy):  17.10%        Short Ratio:   5.90%
    Qrtly Revenue Growth (yoy):  15.67%         Shares Out:  46320000
   Qrtly Earnings Growth (yoy):  56.30%

          Book Value:  19.51                    Debt/Equity:   0.36%
    Price/Book Value:   3.93        Operating Profit Margin:  15.81%
         Price/Sales:   3.40                  Profit Margin:  10.58%
         Market Cap:   3,555,000,000       Return on Equity:  12.29%
    Enterprise Value:   3,410,000,000      Return on Assets:   9.72%

    Operating Cash Flow:    166,700,000
         Free Cash Flow:    104,980,000



Annual Income Statement:                          (All numbers in thousands)
  Period Ending                             12/31/2017  12/31/2016  12/31/2015

  Total Revenue                                977,025     860,661     794,059
  Cost of Revenue                              530,761     448,211     435,140
  Gross Profit                                 446,264     412,450     358,919

Operating Expenses:
  Research & Development                        47,616      44,036      43,056
  Selling, General & Administrative            259,641     227,505     204,336
  Non-Recurring Expenses                             0           0           0
  Other Operating Expenses                           0           0           0
  Total Operating Expenses                     838,018     719,752     682,532

Operating Income or Loss                       139,007     140,909     111,527

Income from Continuing Operations:
  Total Other Income/Expenses Net                5,411      -2,009      -2,848
  Earnings Before Interest & Taxes             139,007                140,909  E
arnings Before Interest & Taxes             111,527
  Interest Expense                              -1,177      -1,147        -997
  Income Before Taxes                          144,418     138,900     108,679
  Income Tax Expense                            51,801      49,166      40,791
  Minority Interest                                  0           0           0

Net Income from Continuing Op.s                 92,617      89,734      67,888

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                                    92,617      89,734      67,888
  Preferred Stock & Other Adjustments                0           0           0

Net Income Avail to Common Shares               92,617      89,734      67,888



Annual Cash Flow Statement:                   (All numbers in thousands)
  Period Ending                         12/31/2017    12/31/2016    12/31/2015

  Net Income                                92,617        89,734        67,888

Operating Activities:
  Depreciation                              33,724        27,927        26,821
  Adjustments to Net Income                 14,750        14,153        17,363
  Changes in Accounts Recv'bls             -17,822        -7,548       -16,818
  Changes in Liabilities                     1,157         5,785        -1,035
  Changes in Investories                    -6,580       -36,617        17,208
  Changes in other Oper'g Acts               6,818         4,485         4,050

Total Cash Flow f Operations               119,065        98,965       117,923

Investing Activities:
  Capital Exenditures                      -58,041       -42,002       -34,186
  Investments                                    0        -2,500        -2,500
  Other Cash Flows fr Investing                  0             0             0

Total Cash Flows from Investing            -75,815       -48,543       -37,828

Financing Activities:
  Dividends Paid                           -36,981       -32,711       -29,352
  Sale of Purchase of Stock                      0             0             0
  Net Borrowings                              -754          -754           -17
  Other Cash Flows fr Financing             -5,546        -4,897             0

Total Cash Flows from Financing           -106,671       -83,134       -71,608

  Effect of Exchange Rate Chg                5,398           424        -9,969

Change in Cash & Cash Equiv.               -58,023       -32,288        -1,482



Annual Balance Sheets:                              (All Numbers in Thousands)
  Period Ending                          12/31/2017    12/31/2016    12/31/2015
Current Assets:
  Cash & Cash Equivalents                   168,514       226,537       258,825
  Short Term Investments                          0             0             0
  Net Receivables                           135,958       112,423       106,011
  Inventory                                 252,996       232,274       195,757
  Other Current Assets                       26,473        14,013        28,679
  Total Current Assets                      583,941       585,247       589,272

  Long-Term Investments                       2,549         2,500             0
  Property, Plant & Equipt                  273,020       232,810       213,716
  Goodwill                                  137,140       124,479       123,950
  Intangible Assets                          29,326        22,864        27,675
  Accumulated Amortization                        0             0             0
  Other Assets                               11,547        12,074         6,696
  Deferred LT Asset Charges                       0             0             0

Total Assets                              1,037,523       979,974       961,309

Current Liabilities:
  Accounts Payable                           31,536        27,674        21,309
  Current Portion LT Debt                     3,662             0             0
  Other Current Liabilities                   9,954         8,535         7,716
  Total Current Liabilities                  45,152        36,209         29,025

  Long Term Debt                             31,536        27,674        21,309
  Other Liabilities                           3,662             0             0
  Deferred LT Liab. Charges                   9,954         8,535         7,716
  Minority Interest                               0             0             0
  Negative Goodwill                               0             0             0

Total Liabilities                            58,799        41,545        45,546

Stockholder Equity:
  Misc. Options, Warrants                         0             0             0
  Redeemable Preferred Stock                      0             0             0
  Preferred Stock                                 0             0             0
  Common Stock                                  473           473           481
  Retained Earnings                         676,644       642,422       639,707
  Treasury Stock                            -52,496       -32,970       -28,576
  Capital Surplus                           260,157       255,917       238,212
  Other Stockhohlder Equity                 -12,496       -32,970       -28,576
  Total Stockholder Equity                  884,778       865,842       849,824

Net Tangible Assets                         718,312       718,499       698,199



Simpson Manufacturing Co., Inc. (SSD)       [Indices near +3.0, near zero,
                                            or < zero bear special attention.]
P/E Ratio Tests:
P/E Ratio < 28?            0.8555          P/E Ratio > 5?             1.0000
P/E Ratio Vs Growth Rate:  3.0000          Forward P/E Ratio < 28?    1.3429
Price/Sales Ratio < 2.3?   0.6765          Inventory/Sales < 5%?      0.1931
Sales < $1 Billion?        1.0235          Operating Margin < 7.5%?   0.4744

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?         3.0000          Working Capital >= 1.5?    0.1175
Leverage Ratio < 20%?      3.0000          Debt/Assets < 1?           3.0000
Quick Ratio > 1?           3.0000          Inventory Turnover > 1?    0.3019
Share Equity Increase:     2.0407          Market Cap.< 1.5 Billion?  0.4219
                                           Intangibles < 3% Assets?   0.1870
Income Tests:
Profit Margin < 7.5%?      1.4106          EPS Annual Growth > 10%?   0.0969
Dividend Yield > 2.0%?     1.7391          EPS 3-yr Growth > 15?      0.1099
Enterprise Value/Revenue   3.0000          EPS Growth Consistent?     2.0000
Enterprise Value/EBITDA:   3.0000          Collection < 45 days?      0.8860
EPS Qrtly Growth > 10%?    0.0018          Gross Pft/Cur. LTD > 1?    3.0000
                                           Borrowing Int. Rate < 6%?  3.0000
Stock Performance Tests:
Volatility > 25%?          1.6600          % Held by Insiders < 5%?   0.5139
Beta > 1.25?               1.1760          % Held by Institut. < 50?  0.5487
50 Da MA > 200 Da MA?      0.3345          % Held by Institut. > 30?  3.0000
52-Wk Change vs. S&P 500:  3.0000          Short Ratio > 5?           1.1800
Price/Book Value < 3?      0.7623          Short % of Float > 20?     0.3020
Return on Assets > 17%?    0.5718          Average Volume > 100,000?  2.6909

Cash Flow Tests:
Oper. C.F. > Lever'd C.F:  1.5879          Positive Free Cash Flow?   3.0000
Positive Oper. Cash Flow?  3.0000          Price to C.F.Ratio < 14?:  1.1875
                                           Cash Flow / Assets > 10%?  2.9065

SSD    Simpson Manufacturing Co., Inc.     Overall Zenith Index:      1.4757


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Financial Statements

SIMPSON MANUFACTURING CO INC  (SSD)         INCOME STATEMENT

Fiscal year ends in December.                        2013-12         2014-12         2015-12         2016-12         2017-12             TTM           

Revenue                                          706,329,024     752,147,968     794,059,008     860,660,992     977,025,024   1,046,942,016
Cost of revenue                                  391,791,008     410,118,016     435,140,000     448,211,008     530,760,992     574,364,032
Gross profit                                     314,537,984     342,030,016     358,919,008     412,449,984     446,264,000     472,577,984


Operating expenses
Research and development                          36,843,000      39,018,000      46,196,000      46,248,000      47,616,000      46,229,000
Sales, General and administrative                194,179,008     203,531,008     204,091,008     227,504,992     259,640,992     262,878,000
Total operating expenses                         231,022,000     242,548,992     250,287,008     273,752,992     307,256,992     309,107,008

Operating income                                  83,516,000      99,481,000     108,632,000     138,696,992     139,007,008     163,471,008
Interest Expense                                     901,000         855,000         997,000       1,147,000       1,177,000       1,063,000
Other income (expense)                            -1,051,000         696,000       1,044,000       1,350,000       6,588,000        -473,000
Income before taxes                               81,564,000      99,322,000     108,679,000     138,900,000     144,418,000     161,935,008
Provision for income taxes                        30,593,000      35,791,000      40,791,000      49,166,000      51,801,000      51,138,000
Net income from continuing operations             50,971,000      63,531,000      67,888,000      89,734,000      92,617,000     110,797,000
Net income                                        50,971,000      63,531,000      67,888,000      89,734,000      92,617,000     110,797,000
Net income available to common shareholders       50,971,000      63,531,000      67,888,000      89,734,000      92,617,000     110,797,000

Earnings per share
Basic                                                   1.05            1.30            1.39            1.87            1.95            2.37 
Diluted                                                 1.05            1.29            1.38            1.86            1.94            2.35 

Weighted average shares outstanding
Basic                                             48,521,000      48,977,000      48,952,000      48,084,000      47,486,000      46,903,000
Diluted                                           48,673,000      49,194,000      49,181,000      48,295,000      47,774,000      47,234,000

____________________________________________________________________________________________________________________________________________


SIMPSON MANUFACTURING CO INC  (SSD)         BALANCE SHEET

Fiscal year ends in December.                        2013-12         2014-12         2015-12         2016-12         2017-12             

Assets

Current assets

Cash

Total cash                                       251,208,000     260,307,008     258,824,992     226,536,992     168,514,000

Receivables                                       90,017,000      92,015,000     106,011,000     112,423,000     135,958,000
Inventories                                      197,728,000     216,544,992     195,756,992     232,274,000     252,996,000
Deferred income taxes                             12,699,000      14,662,000      16,203,000               0               0
Other current assets                              16,454,000      20,789,000      12,476,000      14,013,000      26,473,000
Total current assets                             568,105,984     604,318,016     589,272,000     585,246,976     583,940,992

Non-current assets

Property, plant and equipment
Gross property, plant and equipment              445,068,000     452,409,984     470,831,008     506,112,000     572,926,976
Accumulated Depreciation                        -235,535,008    -245,383,008    -257,115,008    -273,302,016    -299,907,008
Net property, plant and equipment                209,532,992     207,027,008     213,716,000     232,810,000     273,020,000

Equity and other investments                               0               0               0       2,500,000       2,549,000
Goodwill                                         129,218,000     123,881,000     123,950,000     124,479,000     137,140,000
Intangible assets                                 41,773,000      32,587,000      27,675,000      22,864,000      29,326,000
Other long-term assets                             4,983,000       5,252,000       6,696,000      12,074,000      11,547,000
Total non-current assets                         385,507,008     368,747,008     372,036,992     394,727,008     453,582,016

Total assets                                     953,612,992     973,065,024     961,308,992     979,974,016   1,037,523,008 

Liabilities and stockholders' equity

Liabilities

Current liabilities
Short-term debt                                      103,000          18,000               0               0               0
Capital leases                                             0               0               0               0       1,055,000
Accounts payable                                  34,933,000      22,860,000      21,309,000      27,674,000      31,536,000
Taxes payable                                              0               0               0               0      17,144,000
Accrued liabilities                               57,483,000      60,658,000      61,346,000      69,018,000      73,576,000
Other current liabilities                         10,686,000      10,944,000      12,309,000      12,104,000      13,180,000
Total current liabilities                        103,205,000      94,480,000      94,964,000     108,796,000     136,491,008

Non-current liabilities
Capital leases                                             0               0               0               0       2,607,000
Deferred taxes liabilities                                 0               0               0               0      13,647,000
Other long-term liabilities                        9,129,000      15,120,000      16,521,000       5,336,000               0
Total non-current liabilities                      9,129,000      15,120,000      16,521,000       5,336,000      16,254,000

Total liabilities                                112,334,000     109,600,000     111,485,000     114,132,000     152,744,992 

Stockholders' equity

Common stock                                         486,000         489,000         481,000         473,000         473,000
Additional paid-in capital                       207,418,000     220,982,000     238,212,000     255,916,992     260,156,992
Retained earnings                                615,289,024     649,174,016     639,707,008     642,422,016     676,643,968
Treasury stock                                             0               0               0               0     -40,000,000
Accumulated other comprehensive income            18,086,000      -7,180,000     -28,576,000     -32,970,000     -12,496,000
Total stockholders' equity                       841,278,976     863,465,024     849,824,000     865,841,984     884,777,984
Total liabilities and stockholders' equity       953,612,992     973,065,024     961,308,992     979,974,016   1,037,523,008

____________________________________________________________________________________________________________________________________________


SIMPSON MANUFACTURING CO INC  (SSD)         Statement of CASH FLOW

Fiscal year ends in December. USD.                   2013-12         2014-12         2015-12         2016-12         2017-12             TTM           

Cash Flows From Operating Activities
Net income                                        50,971,000      63,531,000      67,888,000      89,734,000      92,617,000     110,797,000
Depreciation & amortization                       27,518,000      27,918,000      26,821,000      27,927,000      33,724,000      36,962,000
Investment/asset impairment charges                1,025,000         530,000       3,140,000       2,212,000      -5,660,000               0
Deferred income taxes                              3,620,000       2,181,000       2,537,000        -869,000       6,299,000       6,986,000
Stock based compensation                          12,747,000      13,190,000      11,958,000      13,946,000      13,908,000       8,743,000
Change in working capital                          8,715,000     -39,331,000       2,135,000     -36,867,000     -22,026,000       1,296,000
Accounts receivable                               -6,651,000      -4,568,000     -16,818,000      -7,548,000     -17,822,000     -42,528,000
Inventory                                          8,458,000     -22,428,000      17,208,000     -36,617,000      -6,580,000       2,084,000
Accounts payable                                  -2,708,000     -11,266,000      -1,035,000       5,785,000       1,157,000      17,534,000
Accrued liabilities                                5,881,000       1,969,000      -2,201,000       3,093,000       9,382,000      16,218,000
Income taxes payable                               4,595,000        -872,000       2,446,000       1,046,000      -5,599,000       6,458,000
Other working capital                               -860,000      -2,166,000       2,535,000      -2,626,000      -2,564,000       1,530,000
Other non-cash items                               1,910,000        -798,000        -272,000      -1,136,000         203,000       1,918,000
Net cash provided by operating activities        106,506,000      67,221,000     114,207,000      94,947,000     119,065,000     166,702,000

Cash Flows From Investing Activities
Investments in property, plant, and equipmen     -16,804,000     -23,715,000     -34,186,000     -42,002,000     -58,041,000     -46,928,000
Property, plant, and equipment reductions                  0               0               0               0         681,000       2,612,000
Acquisitions, net                                          0               0               0      -2,500,000       9,466,000               0
Other investing activities                          -531,000         210,000      -3,642,000      -4,041,000     -27,921,000       7,834,000
Net cash used for investing activities           -17,335,000     -23,505,000     -37,828,000     -48,543,000     -75,815,000     -36,482,000

Cash Flows From Financing Activities
Debt repayment                                       -81,000         -77,000         -17,000               0        -754,000      -1,058,000
Common stock issued                               15,057,000       4,582,000       9,720,000       7,976,000       6,610,000       6,008,000
Common stock repurchased                          -9,825,000      -2,981,000     -47,144,000     -53,502,000     -70,000,000     -75,439,000
Excess tax benefit from stock based compe             80,000          79,000          78,000         273,000               0               0
Dividend paid                                    -18,130,000     -25,918,000     -29,352,000     -32,711,000     -36,981,000     -39,411,000
Other financing activities                          -520,000      -1,293,000      -1,177,000      -1,152,000      -5,546,000      -5,297,000
Net cash provided by (used for) financing        -13,419,000     -25,608,000     -67,892,000     -79,116,000    -106,671,000    -115,197,000

Effect of exchange rate changes                      -97,000      -9,009,000      -9,969,000         424,000       5,398,000        -938,000
Net change in cash                                75,655,000       9,099,000      -1,482,000     -32,288,000     -58,023,000      14,085,000
Cash at beginning of period                      175,552,992     251,208,000     260,307,008     258,824,992     226,536,992     140,950,000
Cash at end of period                            251,208,000     260,307,008     258,824,992     226,536,992     168,514,000     155,035,008

Free Cash Flow
Operating cash flow                              106,506,000      67,221,000     114,207,000      94,947,000     119,065,000     166,702,000
Capital expenditure                              -16,804,000     -23,715,000     -34,186,000     -42,002,000     -58,041,000     -46,928,000
Free cash flow                                    89,702,000      43,506,000      80,021,000      52,945,000      61,024,000     119,774,000
____________________________________________________________________________________________________________________________________________





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Average to Current P/E Ratios
              (SSD)     Simpson Manufacturing Co.

                               2013    2014    2015    2016    2017

          Annual Earnings:     1.05    1.29    1.38    1.86    1.94
Average Price During Year:    31.25   33.73   35.13   39.29   45.01

                P/E Ratio:    29.76   26.14   25.46   21.13   23.20

 Average 5-Year P/E Ratio  =  25.14
             Current Price =  76.73

Previous 5 Quarter Earnings:   0.59    0.59    0.27    0.54    0.94

           Current Annualized (Last Four Quarters) Earnings =   1.75
                                                           ________
                                 Average PE / Current PE =     0.57
                                                           --------

                                      ...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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Fair Value Estimator

Fair Value Estimate:

Fair ValueFair Value



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Projected Earnings

Earnings Estimates
Earnings Estimates



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Research Reports

Click Here for Research Reports



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Analysts' Opinions

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



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Insider Activity

Insiders Chart Insider Trades
Insider Trades
Executive Compensation 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

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 SIMPSON MANUFACTURING CO.:
Symbol? SSD
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
  61.62   44.34     60.95   54.40     77.64   59.32

RANGE   =  77.64  TO   44.34            Close =  76.78
CHANNEL =  60.95  TO   59.32           Degree =   0
Volatility =   2.12%                    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

7 out of 8 favorable, (positive 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

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
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
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 + 7
Place 390 shares of Simpson Manufacturing Co. (SSD) on the Active List.