Intrinsic value of Big 5 Sporting Goods - BGFV

Previous Close

$6.85

  Intrinsic Value

$5.63

stock screener

  Rating & Target

hold

-18%

Previous close

$6.85

 
Intrinsic value

$5.63

 
Up/down potential

-18%

 
Rating

hold

We calculate the intrinsic value of BGFV 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 2017), $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 0.1

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046
   2047

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  2.00
  2.30
  2.57
  2.81
  3.03
  3.23
  3.41
  3.57
  3.71
  3.84
  3.95
  4.06
  4.15
  4.24
  4.31
  4.38
  4.44
  4.50
  4.55
  4.59
  4.64
  4.67
  4.70
  4.73
  4.76
  4.78
  4.81
  4.83
  4.84
  4.86
Revenue, $m
  1,030
  1,054
  1,081
  1,111
  1,145
  1,182
  1,222
  1,266
  1,313
  1,363
  1,417
  1,475
  1,536
  1,601
  1,670
  1,743
  1,821
  1,903
  1,989
  2,081
  2,177
  2,279
  2,386
  2,499
  2,618
  2,743
  2,875
  3,014
  3,160
  3,313
Variable operating expenses, $m
  1,000
  1,023
  1,050
  1,079
  1,112
  1,148
  1,187
  1,229
  1,275
  1,324
  1,376
  1,432
  1,491
  1,555
  1,622
  1,693
  1,768
  1,847
  1,931
  2,020
  2,114
  2,213
  2,317
  2,426
  2,542
  2,664
  2,792
  2,926
  3,068
  3,217
Fixed operating expenses, $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 operating expenses, $m
  1,000
  1,023
  1,050
  1,079
  1,112
  1,148
  1,187
  1,229
  1,275
  1,324
  1,376
  1,432
  1,491
  1,555
  1,622
  1,693
  1,768
  1,847
  1,931
  2,020
  2,114
  2,213
  2,317
  2,426
  2,542
  2,664
  2,792
  2,926
  3,068
  3,217
Operating income, $m
  30
  31
  31
  32
  33
  34
  35
  37
  38
  40
  41
  43
  45
  46
  48
  51
  53
  55
  58
  60
  63
  66
  69
  72
  76
  80
  83
  87
  92
  96
EBITDA, $m
  38
  39
  40
  41
  42
  44
  45
  47
  48
  50
  52
  54
  57
  59
  62
  64
  67
  70
  73
  77
  80
  84
  88
  92
  97
  101
  106
  111
  117
  122
Interest expense (income), $m
  1
  3
  3
  3
  4
  4
  5
  5
  6
  6
  7
  8
  8
  9
  10
  11
  12
  13
  14
  15
  16
  17
  19
  20
  22
  23
  25
  27
  28
  30
  32
Earnings before tax, $m
  27
  28
  28
  29
  29
  30
  30
  31
  32
  33
  34
  34
  35
  36
  38
  39
  40
  41
  43
  44
  46
  47
  49
  51
  53
  55
  57
  59
  61
  64
Tax expense, $m
  7
  7
  8
  8
  8
  8
  8
  8
  9
  9
  9
  9
  10
  10
  10
  10
  11
  11
  12
  12
  12
  13
  13
  14
  14
  15
  15
  16
  17
  17
Net income, $m
  20
  20
  20
  21
  21
  22
  22
  23
  23
  24
  24
  25
  26
  27
  27
  28
  29
  30
  31
  32
  33
  35
  36
  37
  38
  40
  41
  43
  45
  47

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
  454
  464
  476
  490
  505
  521
  539
  558
  579
  601
  625
  650
  677
  706
  736
  768
  802
  839
  877
  917
  959
  1,004
  1,052
  1,101
  1,154
  1,209
  1,267
  1,328
  1,392
  1,460
Adjusted assets (=assets-cash), $m
  454
  464
  476
  490
  505
  521
  539
  558
  579
  601
  625
  650
  677
  706
  736
  768
  802
  839
  877
  917
  959
  1,004
  1,052
  1,101
  1,154
  1,209
  1,267
  1,328
  1,392
  1,460
Revenue / Adjusted assets
  2.269
  2.272
  2.271
  2.267
  2.267
  2.269
  2.267
  2.269
  2.268
  2.268
  2.267
  2.269
  2.269
  2.268
  2.269
  2.270
  2.271
  2.268
  2.268
  2.269
  2.270
  2.270
  2.268
  2.270
  2.269
  2.269
  2.269
  2.270
  2.270
  2.269
Average production assets, $m
  81
  83
  85
  88
  90
  93
  97
  100
  104
  108
  112
  116
  121
  126
  132
  138
  144
  150
  157
  164
  172
  180
  188
  197
  207
  217
  227
  238
  250
  262
Working capital, $m
  204
  209
  214
  220
  227
  234
  242
  251
  260
  270
  281
  292
  304
  317
  331
  345
  360
  377
  394
  412
  431
  451
  472
  495
  518
  543
  569
  597
  626
  656
Total debt, $m
  55
  61
  68
  76
  84
  94
  104
  115
  127
  140
  154
  168
  184
  201
  218
  237
  257
  278
  300
  323
  348
  374
  401
  430
  461
  493
  526
  562
  599
  638
Total liabilities, $m
  263
  269
  276
  284
  293
  302
  312
  324
  336
  348
  362
  377
  393
  409
  427
  446
  465
  486
  508
  532
  556
  582
  610
  639
  669
  701
  735
  770
  808
  847
Total equity, $m
  191
  195
  200
  206
  212
  219
  226
  234
  243
  252
  262
  273
  284
  296
  309
  323
  337
  352
  368
  385
  403
  422
  442
  463
  485
  508
  532
  558
  585
  613
Total liabilities and equity, $m
  454
  464
  476
  490
  505
  521
  538
  558
  579
  600
  624
  650
  677
  705
  736
  769
  802
  838
  876
  917
  959
  1,004
  1,052
  1,102
  1,154
  1,209
  1,267
  1,328
  1,393
  1,460
Debt-to-equity ratio
  0.290
  0.310
  0.340
  0.370
  0.400
  0.430
  0.460
  0.490
  0.520
  0.550
  0.590
  0.620
  0.650
  0.680
  0.710
  0.730
  0.760
  0.790
  0.810
  0.840
  0.860
  0.890
  0.910
  0.930
  0.950
  0.970
  0.990
  1.010
  1.020
  1.040
Adjusted equity ratio
  0.420
  0.420
  0.420
  0.420
  0.420
  0.420
  0.420
  0.420
  0.420
  0.420
  0.420
  0.420
  0.420
  0.420
  0.420
  0.420
  0.420
  0.420
  0.420
  0.420
  0.420
  0.420
  0.420
  0.420
  0.420
  0.420
  0.420
  0.420
  0.420
  0.420

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  20
  20
  20
  21
  21
  22
  22
  23
  23
  24
  24
  25
  26
  27
  27
  28
  29
  30
  31
  32
  33
  35
  36
  37
  38
  40
  41
  43
  45
  47
Depreciation, amort., depletion, $m
  8
  8
  9
  9
  9
  9
  10
  10
  10
  11
  11
  12
  12
  13
  13
  14
  14
  15
  16
  16
  17
  18
  19
  20
  21
  22
  23
  24
  25
  26
Funds from operations, $m
  28
  28
  29
  30
  30
  31
  32
  33
  34
  35
  36
  37
  38
  39
  41
  42
  44
  45
  47
  49
  51
  53
  55
  57
  59
  62
  64
  67
  70
  73
Change in working capital, $m
  4
  5
  5
  6
  7
  7
  8
  9
  9
  10
  11
  11
  12
  13
  14
  14
  15
  16
  17
  18
  19
  20
  21
  22
  24
  25
  26
  27
  29
  30
Cash from operations, $m
  24
  24
  24
  24
  24
  24
  24
  24
  24
  25
  25
  25
  26
  26
  27
  28
  28
  29
  30
  31
  31
  32
  33
  34
  36
  37
  38
  39
  41
  42
Maintenance CAPEX, $m
  -8
  -8
  -8
  -9
  -9
  -9
  -9
  -10
  -10
  -10
  -11
  -11
  -12
  -12
  -13
  -13
  -14
  -14
  -15
  -16
  -16
  -17
  -18
  -19
  -20
  -21
  -22
  -23
  -24
  -25
New CAPEX, $m
  -1
  -2
  -2
  -2
  -3
  -3
  -3
  -3
  -4
  -4
  -4
  -5
  -5
  -5
  -5
  -6
  -6
  -6
  -7
  -7
  -8
  -8
  -8
  -9
  -9
  -10
  -10
  -11
  -12
  -12
Cash from investing activities, $m
  -9
  -10
  -10
  -11
  -12
  -12
  -12
  -13
  -14
  -14
  -15
  -16
  -17
  -17
  -18
  -19
  -20
  -20
  -22
  -23
  -24
  -25
  -26
  -28
  -29
  -31
  -32
  -34
  -36
  -37
Free cash flow, $m
  15
  14
  13
  13
  12
  12
  11
  11
  11
  10
  10
  10
  9
  9
  9
  9
  8
  8
  8
  8
  7
  7
  7
  7
  6
  6
  6
  6
  5
  5
Issuance/(repayment) of debt, $m
  5
  6
  7
  8
  9
  9
  10
  11
  12
  13
  14
  15
  16
  17
  18
  19
  20
  21
  22
  23
  25
  26
  27
  29
  30
  32
  34
  35
  37
  39
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  
  5
  6
  7
  8
  9
  9
  10
  11
  12
  13
  14
  15
  16
  17
  18
  19
  20
  21
  22
  23
  25
  26
  27
  29
  30
  32
  34
  35
  37
  39
Total cash flow (excl. dividends), $m
  20
  20
  20
  20
  21
  21
  22
  22
  23
  23
  24
  24
  25
  26
  27
  27
  28
  29
  30
  31
  32
  33
  34
  36
  37
  38
  40
  41
  43
  44
Retained Cash Flow (-), $m
  -4
  -4
  -5
  -6
  -6
  -7
  -7
  -8
  -9
  -9
  -10
  -11
  -11
  -12
  -13
  -14
  -14
  -15
  -16
  -17
  -18
  -19
  -20
  -21
  -22
  -23
  -24
  -26
  -27
  -28
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
  2
  2
  2
  2
  2
  2
  2
  2
  3
  3
  3
  3
  3
  3
  3
  3
  3
  4
  4
  4
  4
  4
  5
  5
  5
  5
  5
  6
  6
  6
Cash available for distribution, $m
  16
  15
  15
  15
  15
  14
  14
  14
  14
  14
  14
  14
  14
  14
  14
  14
  14
  14
  14
  14
  14
  14
  14
  15
  15
  15
  15
  15
  16
  16
Discount rate, %
  6.80
  7.14
  7.50
  7.87
  8.27
  8.68
  9.11
  9.57
  10.05
  10.55
  11.08
  11.63
  12.21
  12.82
  13.46
  14.14
  14.84
  15.59
  16.37
  17.18
  18.04
  18.94
  19.89
  20.89
  21.93
  23.03
  24.18
  25.39
  26.66
  27.99
PV of cash for distribution, $m
  15
  13
  12
  11
  10
  9
  8
  7
  6
  5
  4
  4
  3
  3
  2
  2
  1
  1
  1
  1
  0
  0
  0
  0
  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

Big 5 Sporting Goods Corporation is a sporting goods retailer in the western United States. The Company offers a range of products in a sporting goods store format. The Company also offers products online through its e-commerce platform. The Company's product mix includes athletic shoes, apparel and accessories, as well as a range of outdoor and athletic equipment for team sports, fitness, camping, hunting, fishing, tennis, golf, winter and summer recreation, and roller sports. The Company purchases merchandise from sporting goods equipment, athletic footwear and apparel manufacturers. It offers various brands, such as adidas, Coleman, Footjoy, JanSport, Rawlings, Spalding, Asics, Columbia, Franklin, Lifetime, Razor, Speedo, Bearpaw, Crocs, Gildan, Mizuno, Rollerblade and Timex. The Company operated 432 stores and an e-commerce platform under the name Big 5 Sporting Goods, as of January 1, 2017.

FINANCIAL RATIOS  of  Big 5 Sporting Goods (BGFV)

Valuation Ratios
P/E Ratio 8.9
Price to Sales 0.1
Price to Book 0.7
Price to Tangible Book
Price to Cash Flow 2
Price to Free Cash Flow 2.5
Growth Rates
Sales Growth Rate -0.8%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -44%
Cap. Spend. - 3 Yr. Gr. Rate -8.6%
Financial Strength
Quick Ratio 8
Current Ratio 0
LT Debt to Equity 5.9%
Total Debt to Equity 6.3%
Interest Coverage 29
Management Effectiveness
Return On Assets 4%
Ret/ On Assets - 3 Yr. Avg. 3.7%
Return On Total Capital 7.1%
Ret/ On T. Cap. - 3 Yr. Avg. 6.3%
Return On Equity 8.4%
Return On Equity - 3 Yr. Avg. 7.9%
Asset Turnover 2.3
Profitability Ratios
Gross Margin 31.7%
Gross Margin - 3 Yr. Avg. 31.8%
EBITDA Margin 4.7%
EBITDA Margin - 3 Yr. Avg. 4.8%
Operating Margin 2.8%
Oper. Margin - 3 Yr. Avg. 2.6%
Pre-Tax Margin 2.7%
Pre-Tax Margin - 3 Yr. Avg. 2.5%
Net Profit Margin 1.7%
Net Profit Margin - 3 Yr. Avg. 1.6%
Effective Tax Rate 39.3%
Eff/ Tax Rate - 3 Yr. Avg. 38.9%
Payout Ratio 64.7%

BGFV stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the BGFV stock intrinsic value calculation we used $1010 million for the last fiscal year's total revenue generated by Big 5 Sporting Goods. The default revenue input number comes from 2017 income statement of Big 5 Sporting Goods. 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 BGFV stock valuation model: a) initial revenue growth rate of 2% 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 6.8%, whose default value for BGFV is calculated based on our internal credit rating of Big 5 Sporting Goods, 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 Big 5 Sporting Goods.
    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 BGFV stock the variable cost ratio is equal to 97.1%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $0 million in the base year in the intrinsic value calculation for BGFV 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 Big 5 Sporting Goods.

Corporate tax rate of 27% is the nominal tax rate for Big 5 Sporting Goods. 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 BGFV stock is equal to 0.2%.

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 BGFV are equal to 7.9%.

Life of production assets of 10 years is the average useful life of capital assets used in Big 5 Sporting Goods 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 BGFV is equal to 19.8%. 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 - $187 million for Big 5 Sporting Goods - 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 21 million for Big 5 Sporting Goods 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 Big 5 Sporting Goods at the current share price and the inputted number of shares is $0.1 billion.

RELATED COMPANIES Price Int.Val. Rating
HIBB Hibbett Sports 24.55 38.16  str.buy
DKS Dick's Spo 35.50 16.54  str.sell
GOLF Acushnet Holdi 23.99 13.23  sell
FL Foot Locker 53.10 73.69  str.buy

COMPANY NEWS

▶ Top 10 Stocks Under $20   [Jun-25-18 03:45PM  Zacks]
▶ 4 Top Ranked Income Stocks to Buy for June 20th   [Jun-20-18 11:20AM  InvestorPlace]
▶ 5 Retail Stocks on a Tear: See Whos Leading the Race   [Jun-14-18 01:45PM  InvestorPlace]
▶ Top Ranked Value Stocks to Buy for June 8th   [Jun-08-18 09:41AM  Zacks]
▶ Small Specialty Retailers Are No Longer Dead   [May-30-18 12:45PM  TheStreet.com]
▶ Top 10 Stocks Under $20   [May-24-18 02:46PM  Zacks]
▶ 5 Value Stocks With Enticing EV/EBITDA Ratios   [May-23-18 05:30PM  InvestorPlace]
▶ Top Ranked Value Stocks to Buy for May 9th   [May-09-18 10:14AM  Zacks]
▶ TJ Maxx, Big 5 Sporting Goods, more sign Natomas leases   [10:13AM  American City Business Journals]
▶ Exploiting Market Inefficiencies   [12:30PM  TheStreet.com]
▶ Big 5: 1Q Earnings Snapshot   [May-01-18 07:29PM  Associated Press]
▶ Are These Sports Retailer Dividend Stocks Safe?   [Apr-02-18 12:31PM  Motley Fool]
▶ Bear of the Day: Big Five Sporting Goods (BGFV)   [Mar-05-18 05:58AM  Zacks]
▶ Opportunity in Downtrodden Retail Stocks Hibbett, Big 5   [Mar-02-18 12:00PM  TheStreet.com]
▶ Stock Market News for March 1, 2018   [Mar-01-18 10:40AM  Zacks]
▶ Big 5 reports 4Q loss   [Feb-27-18 06:05PM  Associated Press]
▶ Risk Reward With Big 5 Sporting Goods   [Jan-22-18 12:49PM  GuruFocus.com]
▶ How Does Dicks Sporting Goods Look in Terms of Valuation?   [Jan-11-18 07:31AM  Market Realist]
▶ Target and Kodak rise while Big 5, Acuity tumble   [Jan-09-18 04:34PM  Associated Press]
▶ New Strong Buy Stocks for January 5th   [Jan-05-18 08:52AM  Zacks]
▶ NasdaqGS Favorite Cyclical Dividend Stocks   [Dec-13-17 07:02AM  Simply Wall St.]
▶ KC Chamber's new Big 5 goal includes Google partnership   [Nov-21-17 09:55PM  American City Business Journals]
▶ Value-Adding Discounted Stocks To Buy Now   [Nov-14-17 08:02AM  Simply Wall St.]
▶ Big tech goes five for five   [Nov-06-17 07:08PM  TechCrunch]
▶ Big 5 meets 3Q profit forecasts   [Oct-31-17 06:10PM  Associated Press]
Follow us on:   twitter   twitter   twitter   twitter

ASSET ALLOCATION

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

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