ACES have two picks for the Thanksgiving week. The first stock, CIGNA Corporation is in Insurance and the second, Beazer Homes USA, Inc. is in Construction Services. CIGNA has an ASG of 10.0000. Beazer Homes has an ASG of 13.0099.
* - A proprietary number devised by ACES that combines a stock's profitability, management's performance, per share earnings, PE, financial strength and other selected variables in one number. A higher Grade (number) is preferable than a lower Grade.
Closing Price: $123.30 per shr. (As of Nov 24 1:02:06 PM EST)
* - A proprietary number devised by ACES that combines a stock's profitability, management's performance, per share earnings, PE, financial strength and other selected variables in one number. A higher Grade (number) is preferable than a lower Grade.
Closing Price: $31.13 per shr. (As of Nov 24 12:50:34 PM EST)
ACES’ November 17, 2000 Selection:
The financial sector is on a roll this month. ACES 3rd stock pick for November, Doral Financial Corp. (NASD Ticker: DORL), is also in the banking business. DORL has an ASG (ACES Stock Grade **) of 11.0061.
Principal source of revenues: loan servicing, mortgage origination fees and interest. Nearly 90% of loans are originated in Puerto Rico. Subsidiaries: Doral Bank, which offers commercial banking services, and Doral Securities brokerage. U.S. mainland operation provides mortgage banking (Doral Money, NY) and banking (Doral Bank, NY). DORL started operations 27 years ago as a stand-alone mortgage banking company in Puerto Rico. (Organizational chart: Business groups & companies).
Address: #1159 Roosevelt Ave., Puerto Nuevo, P.R. 00920; Tel: (787) 749-7100; Fax: NA; Email: NA; Web Site: http://www.doralfinancial.com.
* - A proprietary number devised by ACES that combines a stock's profitability, management's performance, per share earnings, PE, financial strength and other selected variables in one number. A higher Grade (number) is preferable than a lower Grade.
Closing Price: $17.44 per shr. (As of Nov 17 3:40:48 PM EST)
ACES’ November 10, 2000 Selection:
The banking sector has given ACES its 2nd stock pick for November: TCF Financial Corp. TCB has an ASG (ACES Stock Grade **) of 10.0015.
TCB claims to have the 4th largest supermarket banking system, the 6th largest off-site ATM network, and the 13th largest issuer of VISA® debit cards. TCB is based in Minnesota.
Address: 801 Marquette Ave., Minneapolis, MN 55402; Tel: 612.661-6500; Fax: 612.745-2773; Email: NA; Web Site: http://www.tcfbank.com/.
Fundamentals*: Profit Margin - 20.09%; Management Effectiveness - 22.10% ROE; Earnings (EPS) - 2.24; Price/Earnings - 18.01; Total Debt/Equity - 0.07; Market Cap - $3,238.32M; No. Employees – 7,200.
ACES Stock Grade (ASG)**: 10.0015 (3rd highest ASG to date)
ACES’ November 3, 2000 Selection:
ACES Discovery System produced one qualified stock this week: RenaissanceRE Holdings Ltd. (Ticker symbol: RNR). RNR is engaged in one of those seemingly staid business activity: property insurance. RNR could be referred to as the "insurance companies' insurer"; RNR provides insurance and reinsurance coverage to insurance and reinsurance companies.
Reinsurance and insurance coverage is provided on an excess of loss basis (i.e., RNR indemnifies the claimant when the claims from the homes, businesses and properties insured from a particular catastrophe, exceed a certain retained amount)..
RNR also provides primary insurance in the U.S. (commercial and homeowners insurance with focus on business exposed to natural catastrophes) written through three subsidiaries; Glencoe Insurance Ltd. , DeSoto Insurance Company, and DeSoto Prime Insurance Company.
Address: Renaissance House, 8-12 East Broadway, P.O. Box HM 2527, Hamilton HMGX, Bermuda; Tel: 441-295-4513; Fax: 441-292-9453; Email: info@renre.com; Web Site: http://www.renre.com/
Closing Price (10/27/00): $67.00 per shr.
Fundamentals*: Profit Margin - 37.09%; Management Effectiveness - 17.92% ROE; Earnings (EPS) - 5.70; Price/Earnings - 12.17; Total Debt/Equity - 0.39; Market Cap - $1,339M; No. Employees – 78.
ACES Stock Grade (ASG)**: 11.0086
CIGNA Corporation. (Sector: Financial; Industry: Insurance (Accident & Health)). Products/Services: Managed and indemnity health care coverage; group life, accident and disability insurance; retirement services; investment management; and (in selected international markets) life insurance and employee benefits.
Fundamentals: (Growth Rates, Revenues, Earnings, Price Performance, etc.)
ACES Stock Grade (ASG)*: 10.0000
Beazer Homes USA, Inc. (Sector: Capital Goods; Industry: Construction Services)). Products/Services: Designs, constructs, markets and sells single family homes in the Southwest, Southeast and Mid-Atlantic states (Arizona, California, Florida, Georgia, Nevada, North Carolina, South Carolina, Tennessee and Texas); originates mortgages for its buyers through a subsidiary; and provides title insurance in Florida through another subsidiary.
Fundamentals: (Growth Rates, Revenues, Earnings, Price Performance, etc.)
ACES Stock Grade (ASG)*: 13.0099
ACE'S STOCK ACES
TABLE OF SELECTED STOCKS ~ NOVEMBER 2000
Stock Name,
(Business sector)SYM
ASG
Pick Dt
Pick Dt
PrceEval. Dt
Eval. Dt
PrceDiv. Dt
Cum. Div.Shr. Prce
+Div.Days
% Ann.
Appr.
Beazer Homes
(Construct'n Srvcs)BZH
13.0099
11/24/00
$31.13
12/24/00
$37.69
---
$37.69
30
21.07%
CIGNA Corp.
(Insurance)CI
10.0000
11/24/00
$123.30
12/24/00
$131.45
---
$131.45
30
6.61%
Doral Financial
(Regional Banks)DORL
11.0061
11/17/00
$17.44
12/17/00
$19.56
---
$19.56
30
12.16
RenaissanceRE
(Prop. Insurance)RNR
11.0086
11/03/00
$67.00
12/03/00
$75.38
11/14/00
$0.38$75.76
30
13.07%
TCF Financial
(Regional Banks)TCB
10.0015
11/10/00
$40.31
12/10/00
$43.69
---
$43.69
30
8.39%
AVG. DAYS \ ANNUAL RETURN
30
12.26%
SYM - A stock's symbol.
PICK DT - Date when a stock was "picked".
PICK DT PRICE - A stock's closing price at its pick date.
EVAL. DATE - A stock's evaluation date (when the stock's market performance is determined).
EVAL. DATE PRCE - A stock's closing price at its evaluation date.
CUM. DIV. - Cumulated dividends paid (if any) by a stock since its pick date.
SHR. PRCE + DIV. - A stock's evaluation date price + its cumulated dividends.
DAYS - Number of days between a stock's pick and evaluation dates.
% ANN. APPR. - A stock's annualized appreciation. Formula: (((Shr. Prce+Div.)/Days) X 356 X 100).
.....................Note: Appreciation rate does not include broker fees.
Doral Financial Corp. (Sector: Financial; Industry: Regional Banks). DORL is a mortgage-banking financial services company that has its main offices in Puerto Rico. Main business: originates, purchases, and sells mortgages on single-family residences; issues mortgage-backed securities for sale and investment; and purchases and sells the servicing rights to residential mortgage loans, construction loans, and loans secured by commercial real estate.
Fundamentals: (Growth Rates, Revenues, Earnings, Price Performance, etc.)
ACES Stock Grade (ASG)*: 11.0061 (4th highest ASG to date)
TCF Financial Corp. (NYSE: TCB; Sector: Financial; Industry: Regional Banks). TCB is a bank holding company for TCF National Bank and TCF National Bank Colorado. TCB's banks offers banking services through more than 345 branch offices in Colorado, Illinois, Michigan, Minnesota and Wisconsin. Deposit services provided: NOW accounts, certificates of deposits, and savings acount. Loans provided: residential real estate, commercial real estate, business loans and consumer loans. Other subsidiaries' businesses: real estate, mortgage, investment, and insurance.
Closing Price (11/10/00): $40.31 per shr.
* - Numbers are approximate.
** - A proprietary number devised by ACES that combines a stock's profitability, management's performance, per share earnings, PE, financial strength and other selected variables in one number. A higher Grade (number) is preferable than a lower Grade.
RenaissanceRE Holdings Ltd. (NYSE: RNR; Sector: Financial; Industry: Insurance-Property&Casualty). RNR provides reinsurance and insurance coverage (worldwide) to insurance and reinsurance companies where the risk of natural catastrophes (such as earthquakes, hurricanes, winter storms, floods, tornadoes and other such events) represents a significant component of the insured companies overall exposure. RNR’s principal business is property catastrophe reinsurance (one of the largest providers of this type of insurance coverage in the world).
* - Numbers are approximate.
** - A proprietary number devised by ACES that combines a stock's profitability, management's performance, per share earnings, PE, financial strength and other selected variables in one number. A higher Grade (number) is preferable than a lower Grade.
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