Intrinsic value of LTC Properties - LTC

Previous Close

$41.70

  Intrinsic Value

$4.38

stock screener

  Rating & Target

str. sell

-89%

Previous close

$41.70

 
Intrinsic value

$4.38

 
Up/down potential

-89%

 
Rating

str. sell

Our model is not good at valuating stocks of financial companies, such as LTC.

We calculate the intrinsic value of LTC 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 1.6

 

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, %
  4.00
  4.10
  4.19
  4.27
  4.34
  4.41
  4.47
  4.52
  4.57
  4.61
  4.65
  4.69
  4.72
  4.75
  4.77
  4.79
  4.81
  4.83
  4.85
  4.86
  4.88
  4.89
  4.90
  4.91
  4.92
  4.93
  4.94
  4.94
  4.95
  4.95
Revenue, $m
  175
  182
  190
  198
  206
  215
  225
  235
  246
  257
  269
  282
  295
  309
  324
  339
  356
  373
  391
  410
  430
  451
  473
  496
  521
  546
  573
  602
  631
  663
Variable operating expenses, $m
  57
  59
  62
  65
  67
  70
  74
  77
  80
  84
  88
  92
  96
  101
  106
  111
  116
  122
  128
  134
  141
  147
  155
  162
  170
  179
  187
  197
  206
  217
Fixed operating expenses, $m
  2
  2
  2
  2
  2
  2
  2
  2
  2
  2
  3
  3
  3
  3
  3
  3
  3
  3
  3
  3
  3
  3
  3
  3
  3
  4
  4
  4
  4
  4
Total operating expenses, $m
  59
  61
  64
  67
  69
  72
  76
  79
  82
  86
  91
  95
  99
  104
  109
  114
  119
  125
  131
  137
  144
  150
  158
  165
  173
  183
  191
  201
  210
  221
Operating income, $m
  116
  120
  125
  131
  137
  143
  149
  156
  163
  171
  179
  187
  196
  205
  215
  225
  236
  248
  260
  273
  286
  300
  315
  331
  347
  364
  382
  401
  421
  442
EBITDA, $m
  264
  275
  287
  299
  312
  326
  340
  356
  372
  389
  408
  427
  447
  468
  491
  514
  539
  565
  593
  622
  652
  684
  718
  753
  790
  829
  870
  913
  958
  1,006
Interest expense (income), $m
  24
  73
  73
  73
  73
  73
  73
  73
  73
  73
  73
  73
  73
  73
  73
  73
  73
  73
  73
  73
  73
  73
  73
  73
  73
  73
  73
  73
  73
  73
  73
Earnings before tax, $m
  42
  47
  52
  58
  63
  69
  76
  83
  90
  97
  105
  114
  123
  132
  142
  152
  163
  175
  187
  200
  213
  227
  242
  257
  274
  291
  309
  328
  348
  369
Tax expense, $m
  11
  13
  14
  16
  17
  19
  20
  22
  24
  26
  28
  31
  33
  36
  38
  41
  44
  47
  50
  54
  57
  61
  65
  69
  74
  79
  83
  89
  94
  100
Net income, $m
  31
  34
  38
  42
  46
  51
  55
  60
  66
  71
  77
  83
  90
  96
  104
  111
  119
  128
  136
  146
  155
  166
  177
  188
  200
  212
  226
  239
  254
  269

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
  -106
  -111
  -115
  -120
  -125
  -131
  -137
  -143
  -150
  -156
  -164
  -171
  -179
  -188
  -197
  -206
  -216
  -227
  -238
  -249
  -261
  -274
  -288
  -302
  -317
  -332
  -349
  -366
  -384
  -403
Adjusted assets (=assets-cash), $m
  -106
  -111
  -115
  -120
  -125
  -131
  -137
  -143
  -150
  -156
  -164
  -171
  -179
  -188
  -197
  -206
  -216
  -227
  -238
  -249
  -261
  -274
  -288
  -302
  -317
  -332
  -349
  -366
  -384
  -403
Revenue / Adjusted assets
  -1.651
  -1.640
  -1.652
  -1.650
  -1.648
  -1.641
  -1.642
  -1.643
  -1.640
  -1.647
  -1.640
  -1.649
  -1.648
  -1.644
  -1.645
  -1.646
  -1.648
  -1.643
  -1.643
  -1.647
  -1.648
  -1.646
  -1.642
  -1.642
  -1.644
  -1.645
  -1.642
  -1.645
  -1.643
  -1.645
Average production assets, $m
  1,487
  1,548
  1,613
  1,682
  1,755
  1,832
  1,914
  2,000
  2,092
  2,188
  2,290
  2,397
  2,510
  2,630
  2,755
  2,887
  3,026
  3,172
  3,326
  3,488
  3,658
  3,837
  4,025
  4,223
  4,431
  4,649
  4,879
  5,120
  5,373
  5,639
Working capital, $m
  -735
  -765
  -797
  -831
  -867
  -905
  -946
  -989
  -1,034
  -1,082
  -1,132
  -1,185
  -1,241
  -1,300
  -1,362
  -1,427
  -1,496
  -1,568
  -1,644
  -1,724
  -1,808
  -1,896
  -1,989
  -2,087
  -2,190
  -2,298
  -2,411
  -2,530
  -2,656
  -2,787
Total debt, $m
  1,356
  1,356
  1,356
  1,356
  1,356
  1,356
  1,356
  1,356
  1,356
  1,356
  1,356
  1,356
  1,356
  1,356
  1,356
  1,356
  1,356
  1,356
  1,356
  1,356
  1,356
  1,356
  1,356
  1,356
  1,356
  1,356
  1,356
  1,356
  1,356
  1,356
Total liabilities, $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 equity, $m
  -106
  -111
  -115
  -120
  -125
  -131
  -137
  -143
  -150
  -156
  -164
  -171
  -179
  -188
  -197
  -206
  -216
  -227
  -238
  -249
  -261
  -274
  -288
  -302
  -317
  -332
  -349
  -366
  -384
  -403
Total liabilities and equity, $m
  -106
  -111
  -115
  -120
  -125
  -131
  -137
  -143
  -150
  -156
  -164
  -171
  -179
  -188
  -197
  -206
  -216
  -227
  -238
  -249
  -261
  -274
  -288
  -302
  -317
  -332
  -349
  -366
  -384
  -403
Debt-to-equity ratio
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
Adjusted equity ratio
  1.000
  1.000
  1.000
  1.000
  1.000
  1.000
  1.000
  1.000
  1.000
  1.000
  1.000
  1.000
  1.000
  1.000
  1.000
  1.000
  1.000
  1.000
  1.000
  1.000
  1.000
  1.000
  1.000
  1.000
  1.000
  1.000
  1.000
  1.000
  1.000
  1.000

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  31
  34
  38
  42
  46
  51
  55
  60
  66
  71
  77
  83
  90
  96
  104
  111
  119
  128
  136
  146
  155
  166
  177
  188
  200
  212
  226
  239
  254
  269
Depreciation, amort., depletion, $m
  149
  155
  161
  168
  175
  183
  191
  200
  209
  219
  229
  240
  251
  263
  276
  289
  303
  317
  333
  349
  366
  384
  403
  422
  443
  465
  488
  512
  537
  564
Funds from operations, $m
  180
  189
  199
  210
  222
  234
  247
  260
  275
  290
  306
  323
  341
  359
  379
  400
  422
  445
  469
  494
  521
  549
  579
  610
  643
  677
  713
  751
  791
  833
Change in working capital, $m
  -28
  -30
  -32
  -34
  -36
  -38
  -40
  -43
  -45
  -48
  -50
  -53
  -56
  -59
  -62
  -65
  -69
  -72
  -76
  -80
  -84
  -88
  -93
  -98
  -103
  -108
  -113
  -119
  -125
  -132
Cash from operations, $m
  208
  219
  231
  244
  258
  272
  287
  303
  320
  338
  356
  376
  396
  418
  441
  465
  490
  517
  545
  574
  605
  638
  672
  708
  746
  785
  827
  871
  916
  965
Maintenance CAPEX, $m
  -143
  -149
  -155
  -161
  -168
  -175
  -183
  -191
  -200
  -209
  -219
  -229
  -240
  -251
  -263
  -276
  -289
  -303
  -317
  -333
  -349
  -366
  -384
  -403
  -422
  -443
  -465
  -488
  -512
  -537
New CAPEX, $m
  -57
  -61
  -65
  -69
  -73
  -77
  -82
  -87
  -91
  -96
  -102
  -107
  -113
  -119
  -125
  -132
  -139
  -146
  -154
  -162
  -170
  -179
  -188
  -198
  -208
  -218
  -229
  -241
  -253
  -266
Cash from investing activities, $m
  -200
  -210
  -220
  -230
  -241
  -252
  -265
  -278
  -291
  -305
  -321
  -336
  -353
  -370
  -388
  -408
  -428
  -449
  -471
  -495
  -519
  -545
  -572
  -601
  -630
  -661
  -694
  -729
  -765
  -803
Free cash flow, $m
  8
  10
  12
  14
  17
  19
  22
  25
  28
  32
  36
  39
  44
  48
  53
  58
  63
  68
  74
  80
  86
  93
  100
  108
  116
  124
  132
  142
  151
  161
Issuance/(repayment) of debt, $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
Issuance/(repurchase) of shares, $m
  -4
  -4
  -5
  -5
  -5
  -6
  -6
  -6
  -7
  -7
  -7
  -8
  -8
  -9
  -9
  -9
  -10
  -10
  -11
  -12
  -12
  -13
  -13
  -14
  -15
  -16
  -16
  -17
  -18
  -19
Cash from financing (excl. dividends), $m  
  -4
  -4
  -5
  -5
  -5
  -6
  -6
  -6
  -7
  -7
  -7
  -8
  -8
  -9
  -9
  -9
  -10
  -10
  -11
  -12
  -12
  -13
  -13
  -14
  -15
  -16
  -16
  -17
  -18
  -19
Total cash flow (excl. dividends), $m
  4
  5
  7
  9
  11
  14
  16
  19
  22
  25
  28
  32
  36
  40
  44
  48
  53
  58
  63
  68
  74
  80
  87
  94
  101
  108
  116
  124
  133
  142
Retained Cash Flow (-), $m
  4
  4
  5
  5
  5
  6
  6
  6
  7
  7
  7
  8
  8
  9
  9
  9
  10
  10
  11
  12
  12
  13
  13
  14
  15
  16
  16
  17
  18
  19
Prev. year cash balance distribution, $m
  102
  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
  5
  5
  6
  6
  6
  6
  7
  7
  7
  8
  8
  8
  9
  9
  10
  10
  11
  11
  12
  12
  13
  13
  14
  15
  15
  16
  17
  18
  19
  20
Cash available for distribution, $m
  110
  10
  12
  14
  17
  19
  22
  25
  28
  32
  36
  39
  44
  48
  53
  58
  63
  68
  74
  80
  86
  93
  100
  108
  116
  124
  132
  142
  151
  161
Discount rate, %
  14.10
  14.81
  15.55
  16.32
  17.14
  18.00
  18.90
  19.84
  20.83
  21.87
  22.97
  24.12
  25.32
  26.59
  27.92
  29.31
  30.78
  32.32
  33.93
  35.63
  37.41
  39.28
  41.25
  43.31
  45.47
  47.75
  50.13
  52.64
  55.27
  58.04
PV of cash for distribution, $m
  97
  7
  8
  8
  8
  7
  7
  6
  5
  4
  4
  3
  2
  2
  1
  1
  1
  0
  0
  0
  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

LTC Properties Inc. is a healthcare real estate investment trust (REIT). The Company invests in senior housing and healthcare properties through sale-leaseback transactions, mortgage financing and structured finance solutions, including mezzanine lending. It invests in various properties, including Skilled nursing facilities (SNF), Assisted living facilities (ALF), Independent living facilities (ILF), Memory care facilities (MC) and Range of care facilities (ROC). SNF provides restorative, rehabilitative and nursing care. Many skilled nursing facilities provide ancillary services that include occupational, speech, physical, respiratory and IV therapies, as well as sub-acute care services, which are paid either by the patient, the patient's family, private health insurance, or through the federal Medicare or state Medicaid programs. ALF serves people requiring assistance with activities of daily living, but do not require the constant supervision skilled nursing facilities provide.

FINANCIAL RATIOS  of  LTC Properties (LTC)

Valuation Ratios
P/E Ratio 19.2
Price to Sales 10.1
Price to Book 2.2
Price to Tangible Book
Price to Cash Flow 15.4
Price to Free Cash Flow -90.9
Growth Rates
Sales Growth Rate 19.1%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -48.3%
Cap. Spend. - 3 Yr. Gr. Rate 19.9%
Financial Strength
Quick Ratio NaN
Current Ratio NaN
LT Debt to Equity 82.3%
Total Debt to Equity 82.3%
Interest Coverage 5
Management Effectiveness
Return On Assets 8.2%
Ret/ On Assets - 3 Yr. Avg. 8.4%
Return On Total Capital 6.6%
Ret/ On T. Cap. - 3 Yr. Avg. 7.1%
Return On Equity 12.2%
Return On Equity - 3 Yr. Avg. 11.5%
Asset Turnover 0.1
Profitability Ratios
Gross Margin 0%
Gross Margin - 3 Yr. Avg. 0%
EBITDA Margin 89.5%
EBITDA Margin - 3 Yr. Avg. 90.4%
Operating Margin 50%
Oper. Margin - 3 Yr. Avg. 52.9%
Pre-Tax Margin 52.5%
Pre-Tax Margin - 3 Yr. Avg. 55.8%
Net Profit Margin 52.5%
Net Profit Margin - 3 Yr. Avg. 55.8%
Effective Tax Rate 0%
Eff/ Tax Rate - 3 Yr. Avg. 0%
Payout Ratio 100%

LTC stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the LTC stock intrinsic value calculation we used $168 million for the last fiscal year's total revenue generated by LTC Properties. The default revenue input number comes from 2017 income statement of LTC Properties. 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 LTC stock valuation model: a) initial revenue growth rate of 4% 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 14.1%, whose default value for LTC is calculated based on our internal credit rating of LTC Properties, 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 LTC Properties.
    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 LTC stock the variable cost ratio is equal to 32.7%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $2 million in the base year in the intrinsic value calculation for LTC 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 LTC Properties.

Corporate tax rate of 27% is the nominal tax rate for LTC Properties. 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 LTC stock is equal to 3.1%.

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 LTC are equal to 851%.

Life of production assets of 10 years is the average useful life of capital assets used in LTC Properties 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 LTC is equal to -420.6%. 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 - $0 million for LTC Properties - 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 39 million for LTC Properties 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 LTC Properties at the current share price and the inputted number of shares is $1.6 billion.

RELATED COMPANIES Price Int.Val. Rating
VTR Ventas 58.25 529.24  str.buy
SBRA Sabra Healthca 21.95 104.19  str.buy
OHI Omega Healthca 30.49 7.17  str.sell
HCP HCP 25.98 7.81  str.sell
UHT Universal Heal 64.87 5.26  str.sell
MPW Medical Proper 14.18 24.00  str.buy
DOC Physicians Rea 15.70 558.19  str.buy
HR Healthcare Rea 29.05 112.15  str.buy

COMPANY NEWS

▶ Trump blocks major Chinese telecom company from the US   [Jul-03-18 08:31AM  Yahoo Finance]
▶ 25 Stocks Every Retiree Should Own   [Jun-27-18 03:51PM  Kiplinger]
▶ Best AMEX Real Estate Dividend Paying Companies   [Jun-25-18 11:02AM  Simply Wall St.]
▶ These Are A Few Of My Favorite REITs   [Jun-19-18 07:45AM  Forbes]
▶ REIT, Sleep, Repeat   [Jun-04-18 07:00AM  Forbes]
▶ Best NYSE Real Estate Dividend Picks For The Day   [May-14-18 11:02AM  Simply Wall St.]
▶ Put REITs In Retirement   [07:00AM  Forbes]
▶ LTC: 1Q Earnings Snapshot   [May-09-18 06:59PM  Associated Press]
▶ 4 of the Best REITs to Buy Now   [10:38AM  InvestorPlace]
▶ Top Dividend Picks For The Day   [May-07-18 09:02AM  Simply Wall St.]
▶ 6 High-Quality REITs Yielding Over 6%   [Apr-30-18 07:00AM  Forbes]
▶ 10 Dividend-Payers to Own for Month-to-Month Income   [Apr-19-18 03:17PM  InvestorPlace]
▶ Coinbase president introduces brand new venture   [Apr-05-18 05:24PM  CNBC Videos]
▶ 4 Monthly Dividend Stocks -- 2 Buys, 2 Sells   [Mar-25-18 08:37AM  Forbes]
▶ 7 Healthy REITs in Medical Properties and Senior Living   [Mar-08-18 06:00AM  Investopedia]
▶ Republican CFTC commissioner on crypto regulation   [Mar-07-18 05:57PM  CNBC Videos]
▶ LTC Properties, Inc. to Host Earnings Call   [Mar-02-18 09:00AM  ACCESSWIRE]
▶ LTC reports 4Q results   [Mar-01-18 05:35PM  Associated Press]
▶ These 3 REITs Should Weather The Storms   [Feb-20-18 07:00AM  Forbes]
▶ 4 REITs To Help You Sleep Well At Night   [Feb-16-18 11:46AM  Forbes]
▶ Bitcoin down 65% from highs in mid-December   [Feb-05-18 01:55PM  CNBC Videos]
▶ Bitcoin recovering from dip below $8,000   [Feb-02-18 10:55AM  CNBC Videos]
▶ Bitcoin falls below key psychological $9,000 level   [Feb-01-18 03:22PM  CNBC Videos]
▶ LTC Enters $10 Million Joint Venture   [Jan-31-18 06:00AM  Business Wire]
▶ Cryptocurrencies fall on report of subpoena   [Jan-30-18 01:38PM  CNBC Videos]
▶ Blockchain and crypto a big theme at Davos   [Jan-26-18 02:44PM  CNBC Videos]
▶ Bitcoin oracle says bitcoin cash in undervalued   [Jan-25-18 05:26PM  CNBC Videos]
▶ January Real Estate Dividend Stocks To Look Out For   [Jan-22-18 10:02AM  Simply Wall St.]
▶ Why the recent bitcoin crash is good for crypto   [Jan-18-18 05:22PM  CNBC Videos]
▶ NYUs dean of valuation says bitcoin cannot be valued   [Jan-10-18 05:26PM  CNBC Videos]
▶ Cryptocurrency ripple falls over 30% in one day   [Jan-08-18 10:24AM  CNBC Videos]
▶ 3 Stocks That Pay You Each Month   [09:41AM  Motley Fool]
▶ Weekly Top Insider Buys Highlight for the Week of January 5   [Jan-05-18 11:48PM  GuruFocus.com]
▶ LTC Enters $23 Million Joint Venture with New Partners   [Jan-03-18 06:00AM  Business Wire]
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.