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F.A.S.T. Graphs

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  • Johnson Controls: Back To Consistency? [View article]
    Diamond, thanks for your message. F.A.S.T. Graphs gets all of its underlying earnings data from S&P Capital IQ and displays this information in a variety of ways.

    First, a subscriber has the option of viewing both basic and diluted earnings per share - which come directly from the company's financial statements.

    Next, S&P reports "Normalized Basic Earnings" which takes out extraordinary or non-reoccurring events. To standardize this metric, each company is assumed to have the same 37.5% tax rate, regardless of the actual tax they might pay.

    Finally, F.A.S.T. Graphs provides an adjustment to S&P's "normalized" calculation to use the tax rate actually paid. This is the metric that is being utilized in the above graphs. As you noted it can differ from other reported metrics, but in general we feel that it usually describes the underlying earnings power of a company quite well.

    In sum, a F.A.S.T. Graphs subscriber has the ability to view companies with a variety of different metrics. The one utilized in this article was "Normalized Basic Tax-Adjusted" earnings. We hope this information is helpful and we appreciate you giving us the opportunity to explain this feature.
    Apr 11 09:58 AM | 2 Likes Like |Link to Comment
  • General Mills: Close To Being Generally Interesting [View article]
    Dividend Dynasty, thanks for your message and being a subscriber.

    While we default to operating earnings - and feel that this usually describes the underlying earnings power of a given business quite well - it should be underscored that F.A.S.T. Graphs is a "tool to think with." In other words, the graphs allow a subscriber to quickly and efficiently review both the historical performance of the business along with how analysts are presently viewing the company. However, it's up to the individual to formulate their own conclusions.

    In doing so, it's paramount to look at a variety of different metrics - including operating earnings, operating cash flows and a plethora of additional options like free cash flow, equity, debt, capital expenditures, revenues, margins, liquidity and other valuation ratios. More than that, we also recommend that an investor complete his or her own thorough due diligence on a potential investment.

    In short, F.A.S.T. Graphs defaults to operating earnings and we believe that this often gives a reasonable view of a specific company. (As such, most articles also default to this metric) Yet that is certainly not to suggest that it is the only mnemonic worth viewing. Operating Cash Flows (along with others) are perfectly rational and might even provide a better view in some cases. Your description of utilizing Operating Cash Flows is precisely why F.A.S.T. Graphs was created. It is simply a tool to assist in the process and as such we also recommend that the subscriber utilize various metrics.

    We hope this was helpful, thanks for your question!
    Mar 18 01:13 PM | 1 Like Like |Link to Comment
  • PepsiCo Dividend: Refreshing The Investor World [View article]
    Hi Paul, thanks for your comment and kind words.

    Your questions are good ones and all stem from the way in which the new version of F.A.S.T. Graphs currently presents data. Once the transition is in full force, we believe the answers to your questions will effectively answer themselves. However, in the meantime, we would like to provide you with some updates.

    With our previous database we were given an earnings mnemonic called "operating earnings" which we believed provided a very good indication of the underlying earnings power of the company in which you were viewing. With the new database, S&P uses the name "Normalized Earnings" to describe this underlying earnings power. This metric is calculated as "Earnings Before Taxes excluding unusual items" multiplied by the tax rate. In order to keep the calculation standardized, S&P used a constant 37.5% tax rate for all companies. However, we found that this usually overstated a company's effective tax rate and consequently understated the earnings. Thus we have adjusted the normalized earnings reported to us to account for the company's actual effective tax rate. This will become the default option shortly, with the other options still available for viewing. We believe this metric will closely replicate the operating earnings mnemonic of the "old" F.A.S.T. Graphs.

    Yes, we intend on adding a comprehensive glossary of terms.

    We are working to update / enhance the calculator feature.

    For the most part, historical dividend information is displaying correctly - a few sequencing / data pulling errors are causing a few inconsistencies, but we are very near to having them in working order.

    In sum, we believe that the new F.A.S.T. Graphs will be better than ever. The new global database is incredibly robust and transparent. As such, we're excited not only about a fully functioning tool, but also in the vast array of enhancements that we will be able to eventually offer.

    We appreciate your patience as we continue to work diligently to provide you with a better F.A.S.T. Graphs experience.
    Feb 24 11:16 AM | 1 Like Like |Link to Comment
  • Credit Card Companies: Poised To Continue Their Charge [View article]
    kolpin, thanks for your comment. While we advocate that F.A.S.T. Graphs is a "tool to think with" and thus subject to one's interpretation, your general premise is correct. That is, the higher annual estimated total return is a direct result of the calculator assuming DFS has a higher P/E ratio in the future and V and MA have lower P/E ratios.

    Obviously this is unknown and could in fact work out the other way. It's important to remember that this is a simply a calculator and only provides a baseline for one to begin his or her analysis. The higher P/E ratios might very well be justified and continue to persist into the future.
    Jan 27 11:42 AM | Likes Like |Link to Comment
  • Credit Card Companies: Poised To Continue Their Charge [View article]
    LongDividends, thanks for your comment and kind words. In general we agree that the dividend yields at present aren't especially compelling. On the other hand, it is reassuring to see these companies with low payout ratios and a commitment to rewarding shareholders. Further, if the dividend yield remains low yet the payouts keep increasing at a robust rate, this could still indicate a solid future stream of income. Thanks for reading!
    Jan 10 02:02 PM | 2 Likes Like |Link to Comment
  • Credit Card Companies: Poised To Continue Their Charge [View article]
    MisterJ, thanks for your comment. Depending on the metric you look at Capital One is the 5th or 6th largest credit card issuer - even ahead of Discover. However, Capital One utilizes Visa and MasterCard to run their payments - much in the same manner you might see a Chase Visa card or a Bank of America MasterCard. In this way, COF wasn't included in the article, but they are certainly a large player in the overall market. Thanks for reading!
    Jan 10 01:57 PM | 3 Likes Like |Link to Comment
  • Stanley Black & Decker: Powering Its Way Towards Fair Value [View article]
    Paul,

    Thanks for your comment.

    You are correct in all of your assertions. All data used in the F.A.S.T. Graphs software is pulled from the underlying database - S&P Capital IQ - as of yesterday's market close. Thus while the article was created and published on December 10th, the underlying data is from the prior day's close. If you viewed a graph today, 12/13, all information would be current as of 12/12.

    The projected EPS that you see in the calculator is the present default of analysts' consensus - which is directly pulled from the information in the S&P database. However, as you noted, when we were working through this article we came across the updated company guidance. As such we used the override feature in F.A.S.T. Graphs to display a more realistic view of the business. Overrides are seen in red lettering on the graphs.

    The S&P database simply hasn't been updated yet. Once the new estimates are updated, F.A.S.T. Graphs will pull the new data and thus default to something very similar to the graph that you see in this article.

    Thank you for offering this opportunity to detail the database process, as others might have similar inquiries.

    Regards,

    The F.A.S.T. Graphs Team
    Dec 13 02:42 PM | 1 Like Like |Link to Comment
  • Penske Automotive Group: Fast Cars, Fast Growth [View article]
    Thank you for reading Dude!
    Nov 11 10:54 AM | Likes Like |Link to Comment
  • CSX Corp: Weighing Efficiency Against Risks [View article]
    dweebster;

    Thanks for reading and commenting.

    FAST Graphs Team
    Oct 21 09:35 AM | Likes Like |Link to Comment
  • Abbott Laboratories: Dividends, Earnings And Valuation Analysis [View article]
    cheesepep,

    This is an answer that we previously gave to a question regarding ABT and ABBV.

    Regarding Abbott Labs, as I am sure you know, the company split up into two companies. Unfortunately, our database (from Standard & Poor’s) has no way of adjusting the ABT historical, which includes both companies. In other words, there is no way for anyone to go back and reconcile what portion of which of the two current companies would be attributed to ABT and/or what portion to ABBV. Therefore, the historical ABT graph now is only a reference to how the two companies together were managed. Going forward, there is obviously only scant history on each of the individual spin-offs. Therefore, the forecasting charts will need to be relied on more than historical, which as previously stated is impossible to reconcile.

    FAST Graphs Team
    Oct 18 03:23 PM | 1 Like Like |Link to Comment
  • Darden Restaurants: Popular Food, Unpopular Stock [View article]
    To Paul,

    Thanks for your comment and kind words. We have been working on adding a bit more "flavor" to recent articles and certainly we're excited to have you as a subscriber!

    Regards,

    The F.A.S.T. Graphs team
    Oct 11 09:49 AM | 1 Like Like |Link to Comment
  • CSX Corp: Weighing Efficiency Against Risks [View article]
    Sum02006,

    Thank you for reading!
    Oct 2 02:07 PM | Likes Like |Link to Comment
  • CSX Corp: Weighing Efficiency Against Risks [View article]
    DanielG,

    Thanks for your comment and insights. You have what Peter Lynch liked to call "local knowledge." We appreciate you adding to the discussion!
    Oct 2 02:07 PM | Likes Like |Link to Comment
  • CSX Corp: Weighing Efficiency Against Risks [View article]
    go-4-it,

    Thanks for the kind words and sharing your views.
    Oct 2 01:55 PM | Likes Like |Link to Comment
  • International Business Machines: A Road Map To Reasonable Valuation [View article]
    tuliptown,

    Thank you for your comment. In a word, the answer to your question is: yes. Included with a premium subscription to F.A.S.T. Graphs is the ability to screen thousands of companies by growth, valuation, dividends, returns, debt and pricing. In addition, the portfolio review feature allows a subscriber to create and review portfolios based on 20 metrics including items such as: 5yr estimated annual return, current P/E, normal P/Es, dividend yield, EPS growth and yield, long-term target price, estimated growth rate and historical performance.

    Furthermore, a premium subscriber also has access to the F.U.N. (Fundamental Underlying Numbers) Graphs which allow the user to graph 57 additional items for periods ranging from 2 to 20 years. Some examples of these metrics include: assets, cash, book value, debt, capital expenditures, cash flow, free cash flow, cost of goods sold, depreciation, sales, gross profit margin, net profit margin, return on equity, return on invested capital, current ratio, quick ratio, price-to-book, price-to-free-cash-flow and common shares outstanding.

    It is the goal of F.A.S.T. Graphs to provide a platform in which one can research stocks faster, deeper and more efficiently.
    Sep 30 10:34 AM | 2 Likes Like |Link to Comment
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