Intrinsic value of Asbury Automotive Group - ABG

Previous Close

$59.76

  Intrinsic Value

$69.55

stock screener

  Rating & Target

hold

+16%

Previous close

$59.76

 
Intrinsic value

$69.55

 
Up/down potential

+16%

 
Rating

hold

We calculate the intrinsic value of ABG stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 0001), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 1.2

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2
   3
   4
   5
   6
   7
   8
   9
   10
   11
   12
   13
   14
   15
   16
   17
   18
   19
   20
   21
   22
   23
   24
   25
   26
   27
   28
   29
   30
   31

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  5.60
  5.54
  5.49
  5.44
  5.39
  5.35
  5.32
  5.29
  5.26
  5.23
  5.21
  5.19
  5.17
  5.15
  5.14
  5.12
  5.11
  5.10
  5.09
  5.08
  5.07
  5.07
  5.06
  5.05
  5.05
  5.04
  5.04
  5.03
  5.03
  5.03
Revenue, $m
  6,818
  7,196
  7,591
  8,003
  8,435
  8,887
  9,359
  9,854
  10,372
  10,915
  11,484
  12,079
  12,704
  13,358
  14,045
  14,764
  15,519
  16,310
  17,140
  18,011
  18,925
  19,884
  20,890
  21,945
  23,053
  24,216
  25,436
  26,716
  28,061
  29,472
Variable operating expenses, $m
  6,237
  6,582
  6,942
  7,318
  7,712
  8,123
  8,554
  9,005
  9,478
  9,973
  10,470
  11,013
  11,583
  12,179
  12,805
  13,461
  14,149
  14,871
  15,628
  16,422
  17,255
  18,129
  19,046
  20,008
  21,018
  22,078
  23,191
  24,358
  25,584
  26,870
Fixed operating expenses, $m
  269
  275
  281
  287
  293
  300
  306
  313
  320
  327
  334
  341
  349
  357
  365
  373
  381
  389
  398
  406
  415
  424
  434
  443
  453
  463
  473
  484
  494
  505
Total operating expenses, $m
  6,506
  6,857
  7,223
  7,605
  8,005
  8,423
  8,860
  9,318
  9,798
  10,300
  10,804
  11,354
  11,932
  12,536
  13,170
  13,834
  14,530
  15,260
  16,026
  16,828
  17,670
  18,553
  19,480
  20,451
  21,471
  22,541
  23,664
  24,842
  26,078
  27,375
Operating income, $m
  312
  339
  368
  398
  430
  464
  499
  536
  574
  615
  679
  725
  772
  822
  875
  931
  989
  1,050
  1,115
  1,183
  1,255
  1,330
  1,410
  1,493
  1,581
  1,674
  1,772
  1,874
  1,982
  2,096
EBITDA, $m
  365
  395
  425
  458
  491
  527
  564
  604
  645
  688
  734
  782
  833
  886
  942
  1,001
  1,063
  1,128
  1,197
  1,269
  1,345
  1,425
  1,509
  1,598
  1,691
  1,790
  1,893
  2,002
  2,116
  2,236
Interest expense (income), $m
  74
  87
  93
  99
  105
  112
  119
  127
  134
  143
  151
  160
  169
  179
  189
  200
  211
  223
  236
  249
  262
  277
  292
  307
  324
  341
  359
  378
  398
  419
  442
Earnings before tax, $m
  225
  247
  269
  293
  318
  344
  372
  401
  432
  464
  519
  555
  593
  633
  675
  719
  766
  815
  867
  921
  978
  1,039
  1,103
  1,170
  1,240
  1,315
  1,393
  1,476
  1,563
  1,654
Tax expense, $m
  61
  67
  73
  79
  86
  93
  100
  108
  117
  125
  140
  150
  160
  171
  182
  194
  207
  220
  234
  249
  264
  281
  298
  316
  335
  355
  376
  398
  422
  447
Net income, $m
  164
  180
  197
  214
  232
  251
  272
  293
  315
  339
  379
  405
  433
  462
  493
  525
  559
  595
  633
  672
  714
  758
  805
  854
  905
  960
  1,017
  1,077
  1,141
  1,208

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  2,488
  2,626
  2,770
  2,921
  3,078
  3,243
  3,416
  3,596
  3,785
  3,984
  4,191
  4,409
  4,636
  4,875
  5,126
  5,388
  5,664
  5,953
  6,256
  6,573
  6,907
  7,257
  7,624
  8,009
  8,414
  8,838
  9,283
  9,751
  10,241
  10,756
Adjusted assets (=assets-cash), $m
  2,488
  2,626
  2,770
  2,921
  3,078
  3,243
  3,416
  3,596
  3,785
  3,984
  4,191
  4,409
  4,636
  4,875
  5,126
  5,388
  5,664
  5,953
  6,256
  6,573
  6,907
  7,257
  7,624
  8,009
  8,414
  8,838
  9,283
  9,751
  10,241
  10,756
Revenue / Adjusted assets
  2.740
  2.740
  2.740
  2.740
  2.740
  2.740
  2.740
  2.740
  2.740
  2.740
  2.740
  2.740
  2.740
  2.740
  2.740
  2.740
  2.740
  2.740
  2.740
  2.740
  2.740
  2.740
  2.740
  2.740
  2.740
  2.740
  2.740
  2.740
  2.740
  2.740
Average production assets, $m
  975
  1,029
  1,085
  1,144
  1,206
  1,271
  1,338
  1,409
  1,483
  1,561
  1,642
  1,727
  1,817
  1,910
  2,008
  2,111
  2,219
  2,332
  2,451
  2,576
  2,706
  2,843
  2,987
  3,138
  3,297
  3,463
  3,637
  3,820
  4,013
  4,214
Working capital, $m
  1,036
  1,094
  1,154
  1,216
  1,282
  1,351
  1,423
  1,498
  1,577
  1,659
  1,745
  1,836
  1,931
  2,030
  2,135
  2,244
  2,359
  2,479
  2,605
  2,738
  2,877
  3,022
  3,175
  3,336
  3,504
  3,681
  3,866
  4,061
  4,265
  4,480
Total debt, $m
  1,718
  1,833
  1,953
  2,078
  2,209
  2,347
  2,490
  2,641
  2,798
  2,963
  3,136
  3,317
  3,507
  3,706
  3,915
  4,134
  4,363
  4,604
  4,856
  5,121
  5,399
  5,690
  5,996
  6,317
  6,654
  7,007
  7,378
  7,767
  8,176
  8,605
Total liabilities, $m
  2,073
  2,188
  2,308
  2,433
  2,564
  2,702
  2,845
  2,996
  3,153
  3,318
  3,491
  3,672
  3,862
  4,061
  4,270
  4,489
  4,718
  4,959
  5,211
  5,476
  5,753
  6,045
  6,351
  6,672
  7,008
  7,362
  7,733
  8,122
  8,531
  8,960
Total equity, $m
  416
  439
  463
  488
  514
  542
  570
  601
  632
  665
  700
  736
  774
  814
  856
  900
  946
  994
  1,045
  1,098
  1,153
  1,212
  1,273
  1,338
  1,405
  1,476
  1,550
  1,628
  1,710
  1,796
Total liabilities and equity, $m
  2,489
  2,627
  2,771
  2,921
  3,078
  3,244
  3,415
  3,597
  3,785
  3,983
  4,191
  4,408
  4,636
  4,875
  5,126
  5,389
  5,664
  5,953
  6,256
  6,574
  6,906
  7,257
  7,624
  8,010
  8,413
  8,838
  9,283
  9,750
  10,241
  10,756
Debt-to-equity ratio
  4.130
  4.180
  4.220
  4.260
  4.300
  4.330
  4.370
  4.400
  4.430
  4.450
  4.480
  4.510
  4.530
  4.550
  4.570
  4.590
  4.610
  4.630
  4.650
  4.660
  4.680
  4.700
  4.710
  4.720
  4.740
  4.750
  4.760
  4.770
  4.780
  4.790
Adjusted equity ratio
  0.167
  0.167
  0.167
  0.167
  0.167
  0.167
  0.167
  0.167
  0.167
  0.167
  0.167
  0.167
  0.167
  0.167
  0.167
  0.167
  0.167
  0.167
  0.167
  0.167
  0.167
  0.167
  0.167
  0.167
  0.167
  0.167
  0.167
  0.167
  0.167
  0.167

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  164
  180
  197
  214
  232
  251
  272
  293
  315
  339
  379
  405
  433
  462
  493
  525
  559
  595
  633
  672
  714
  758
  805
  854
  905
  960
  1,017
  1,077
  1,141
  1,208
Depreciation, amort., depletion, $m
  54
  55
  57
  59
  61
  63
  66
  68
  70
  73
  55
  58
  61
  64
  67
  70
  74
  78
  82
  86
  90
  95
  100
  105
  110
  115
  121
  127
  134
  140
Funds from operations, $m
  218
  235
  254
  273
  293
  315
  337
  361
  386
  412
  434
  463
  494
  526
  560
  595
  633
  673
  714
  758
  804
  853
  904
  958
  1,015
  1,075
  1,138
  1,205
  1,275
  1,348
Change in working capital, $m
  55
  57
  60
  63
  66
  69
  72
  75
  79
  82
  86
  91
  95
  99
  104
  109
  115
  120
  126
  132
  139
  146
  153
  160
  168
  177
  185
  195
  204
  214
Cash from operations, $m
  163
  178
  194
  210
  228
  246
  265
  286
  307
  329
  347
  372
  399
  426
  455
  486
  518
  552
  588
  626
  666
  707
  752
  798
  847
  899
  953
  1,010
  1,070
  1,134
Maintenance CAPEX, $m
  -31
  -32
  -34
  -36
  -38
  -40
  -42
  -45
  -47
  -49
  -52
  -55
  -58
  -61
  -64
  -67
  -70
  -74
  -78
  -82
  -86
  -90
  -95
  -100
  -105
  -110
  -115
  -121
  -127
  -134
New CAPEX, $m
  -53
  -54
  -56
  -59
  -62
  -65
  -68
  -71
  -74
  -78
  -81
  -85
  -89
  -94
  -98
  -103
  -108
  -113
  -119
  -125
  -131
  -137
  -144
  -151
  -158
  -166
  -174
  -183
  -192
  -202
Cash from investing activities, $m
  -84
  -86
  -90
  -95
  -100
  -105
  -110
  -116
  -121
  -127
  -133
  -140
  -147
  -155
  -162
  -170
  -178
  -187
  -197
  -207
  -217
  -227
  -239
  -251
  -263
  -276
  -289
  -304
  -319
  -336
Free cash flow, $m
  79
  91
  103
  115
  128
  141
  155
  170
  186
  202
  214
  232
  252
  272
  294
  316
  340
  365
  392
  420
  449
  480
  513
  548
  584
  622
  663
  706
  751
  798
Issuance/(repayment) of debt, $m
  110
  115
  120
  125
  131
  137
  144
  150
  158
  165
  173
  181
  190
  199
  209
  219
  229
  241
  252
  265
  278
  291
  306
  321
  337
  353
  371
  389
  409
  429
Issuance/(repurchase) of shares, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  110
  115
  120
  125
  131
  137
  144
  150
  158
  165
  173
  181
  190
  199
  209
  219
  229
  241
  252
  265
  278
  291
  306
  321
  337
  353
  371
  389
  409
  429
Total cash flow (excl. dividends), $m
  189
  206
  223
  241
  259
  279
  299
  321
  343
  367
  387
  414
  442
  471
  502
  535
  569
  606
  644
  684
  727
  772
  819
  868
  921
  976
  1,034
  1,095
  1,159
  1,227
Retained Cash Flow (-), $m
  -21
  -23
  -24
  -25
  -26
  -28
  -29
  -30
  -32
  -33
  -35
  -36
  -38
  -40
  -42
  -44
  -46
  -48
  -51
  -53
  -56
  -58
  -61
  -64
  -68
  -71
  -74
  -78
  -82
  -86
Prev. year cash balance distribution, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
  168
  183
  199
  215
  233
  251
  270
  291
  312
  334
  352
  377
  403
  431
  460
  491
  523
  557
  593
  631
  671
  713
  757
  804
  853
  905
  960
  1,017
  1,077
  1,141
Discount rate, %
  11.00
  11.55
  12.13
  12.73
  13.37
  14.04
  14.74
  15.48
  16.25
  17.06
  17.92
  18.81
  19.75
  20.74
  21.78
  22.87
  24.01
  25.21
  26.47
  27.80
  29.19
  30.65
  32.18
  33.79
  35.48
  37.25
  39.11
  41.07
  43.12
  45.28
PV of cash for distribution, $m
  151
  147
  141
  133
  124
  114
  103
  92
  80
  69
  57
  48
  39
  31
  24
  18
  13
  10
  7
  5
  3
  2
  1
  1
  0
  0
  0
  0
  0
  0
Current shareholders' claim on cash, %
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0

Asbury Automotive Group, Inc. is an automotive retailer in the United States. As of December 31, 2016, the Company owned and operated 93 new vehicle franchises, representing 28 brands of automobiles at 77 dealership locations, and 23 collision centers in the United States. In addition, as of December 31, 2016, it owned and operated two standalone used vehicle stores in Florida. Its stores offer automotive products and services, including new and used vehicles; parts and service, including vehicle repair and maintenance services, replacement parts, and collision repair services; and finance and insurance products, including arranging vehicle financing through third parties and aftermarket products, such as extended service contracts, guaranteed asset protection (GAP) insurance, prepaid maintenance, and credit life and disability insurance. Its new vehicle revenues include new vehicle sales and lease transactions arranged by dealerships with third-party financial institutions.

FINANCIAL RATIOS  of  Asbury Automotive Group (ABG)

Valuation Ratios
P/E Ratio 7.6
Price to Sales 0.2
Price to Book 4.5
Price to Tangible Book
Price to Cash Flow 8.9
Price to Free Cash Flow 42.3
Growth Rates
Sales Growth Rate -0.9%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 9.8%
Cap. Spend. - 3 Yr. Gr. Rate 2.7%
Financial Strength
Quick Ratio 0
Current Ratio 0.3
LT Debt to Equity 325.7%
Total Debt to Equity 638.9%
Interest Coverage 5
Management Effectiveness
Return On Assets 9.2%
Ret/ On Assets - 3 Yr. Avg. 8.5%
Return On Total Capital 8.1%
Ret/ On T. Cap. - 3 Yr. Avg. 7.5%
Return On Equity 56.1%
Return On Equity - 3 Yr. Avg. 41.5%
Asset Turnover 2.8
Profitability Ratios
Gross Margin 16.2%
Gross Margin - 3 Yr. Avg. 16.3%
EBITDA Margin 5.7%
EBITDA Margin - 3 Yr. Avg. 5.2%
Operating Margin 5.3%
Oper. Margin - 3 Yr. Avg. 4.8%
Pre-Tax Margin 4.1%
Pre-Tax Margin - 3 Yr. Avg. 3.8%
Net Profit Margin 2.6%
Net Profit Margin - 3 Yr. Avg. 2.3%
Effective Tax Rate 37.7%
Eff/ Tax Rate - 3 Yr. Avg. 38.2%
Payout Ratio 0%

ABG stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the ABG stock intrinsic value calculation we used $6456.5 million for the last fiscal year's total revenue generated by Asbury Automotive Group. The default revenue input number comes from 0001 income statement of Asbury Automotive Group. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our ABG stock valuation model: a) initial revenue growth rate of 5.6% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 11%, whose default value for ABG is calculated based on our internal credit rating of Asbury Automotive Group, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Asbury Automotive Group.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of ABG stock the variable cost ratio is equal to 91.5%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $263 million in the base year in the intrinsic value calculation for ABG stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 5.4% for Asbury Automotive Group.

Corporate tax rate of 27% is the nominal tax rate for Asbury Automotive Group. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the ABG stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for ABG are equal to 14.3%.

Life of production assets of 31.7 years is the average useful life of capital assets used in Asbury Automotive Group operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for ABG is equal to 15.2%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $394.2 million for Asbury Automotive Group - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 20.353 million for Asbury Automotive Group is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Asbury Automotive Group at the current share price and the inputted number of shares is $1.2 billion.

RELATED COMPANIES Price Int.Val. Rating
GPI Group 1 Automo 53.43 116.17  buy
LAD Lithia Motors 73.90 108.04  buy
AN AutoNation 38.90 114.15  str.buy
SAH Sonic Automoti 17.58 40.80  str.buy
PAG Penske Automot 43.09 54.41  hold
RUSHA Rush Enterpris 33.90 52.65  buy

COMPANY NEWS

▶ Asbury Automotive: 2Q Earnings Snapshot   [07:15AM  Associated Press]
▶ Top Ranked Value Stocks to Buy for July 2nd   [Jul-02-18 10:27AM  Zacks]
▶ Top Ranked Value Stocks to Buy for June 26th   [Jun-26-18 10:34AM  Zacks]
▶ Top Ranked Momentum Stocks to Buy for June 15th   [Jun-15-18 11:28AM  Zacks]
▶ Top Ranked Value Stocks to Buy for May 21st   [May-21-18 09:03AM  Zacks]
▶ Top Ranked Momentum Stocks to Buy for May 17th   [May-17-18 10:14AM  Zacks]
▶ Asbury Automotive: 1Q Earnings Snapshot   [06:31AM  Associated Press]
▶ New Strong Buy Stocks for April 12th   [Apr-12-18 10:39AM  Zacks]
▶ Asbury Automotive beats 4Q profit forecasts   [07:03AM  Associated Press]
▶ Stocks Flashing Renewed Technical Strength: Asbury Automotive   [03:00AM  Investor's Business Daily]
▶ Asbury Automotive Shows Rising Relative Strength; Still Shy Of Key Threshold   [Jan-09-18 03:00AM  Investor's Business Daily]
▶ [$$] Morgan Stanley Is Buying These Five Smaller Stocks   [Jan-03-18 01:53PM  Barrons.com]
▶ Michael Dell: How a Billionaire Invests His Wealth   [Dec-18-17 05:09PM  GuruFocus.com]
▶ Michael Dell"s MSD Capital Exits Asbury Automotive   [Dec-08-17 04:58PM  GuruFocus.com]
▶ 5 Stocks With Strong Earnings and Revenue Growth   [Sep-25-17 12:39PM  GuruFocus.com]

CONTACT US       ASSET ALLOCATION

About X-FIN       Site news       Privacy policy       Terms of use       FAQ

Copyright © X-FIN.com 2005-2018. All rigths reserved.