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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?


To: Sergio H who wrote (13771)3/24/1998 1:31:00 PM
From: David Alan Cook  Respond to of 79313
 
NVAL turnaround pick . . great chart, earnings and revenue momentum, institutional buying picking up.
Last 3 turnaround picks:
MTEL: Up over 100%
HNV: Up over 100%
TSSW: Top pick for 98. Reported its first profitable qtr in 8 qtrs last qtr. Expecting another good qtr and one or more positive press releases prior to first qtr earnings. Has yet to make any meaningful move. Still adding.

NVAL: New Pick:
----------------
( National Vision - Retail Specialty - Wal-Mart Stores )
Price Ratios:
--------------
1) Price to Sales: NVAL: .68 Industry: 1.51 Lower is Better
TGT Using Industry Avg = ( 1.51 / .68 ) * $6.125 = $13.60
2) Price to Book: NVAL: 3.51 Industry: 4.88 Lower is Better
TGT Using Industry Avg = ( 4.88 / 3.51 ) * $6.125 = $8.52
3) Price to Earnings: NVAL: 22.69 Industry: 33.13 Lower is Better
Estimate: .36
TGT = .36 * 33.13 = $11.93

Revenue Growth: Earnings Momentum
--------------- ------------------
97: 186,354,000 vs .27
96: 160,376,000 vs .17
95: 145,573,000 vs loss of .07

Institutional Buying:
----------------------
Last Qtr:
Buys: 213,000 shares
Sales: 12,000 shares
Net: + 201,000 shares Now at 6.5%

Prior Qtr:
Buys: 126,000 shares
Sales: 13,000 shares
Net: 114,000 shares

Returns:
---------
1) ROE: NVAL: 16.78% Industry: 14.35 Higher is Better
Up From year ago 12.23

2) ROA: NVAL: 7.05% Industry: 4.92% Higher is Better
Up From year ago 4.43%

3) Profit Margin: NVAL: 2.99% Industry: 2.48
Up From year ago 2.17%

Monthly Retail Sales Up for Jan and Feb - Up over 20%

** Chart looks very good. . .take a look at the 5 year weekly chart. Big volume increase on upticks.

DC