We evaluated 24 different companies this week to determine whether they are suitable for Defensive Investors, those unwilling to do substantial research, or Enterprising Investors, those who are willing to do such research. We also put each company through the ModernGraham valuation model based on Benjamin Graham’s value investing formulas in order to determine an intrinsic value for each. Here’s a summary of the ModernGraham Valuations.
International Game Technology is suitable for the Enterprising Investor but not for the Defensive Investor. The Defensive Investor is concerned by the insufficient earnings growth over the last ten years, and the high PEmg ratio, while the Enterprising Investor is only concerned by the level of debt relative to the net current assets.
We looked at 17 different companies this week. Here’s a summary of the ModernGraham Valuations. For more detailed analysis, click on the name of the company. To see screens of all of our valuations, be sure to get a copy of this month’s edition of ModernGraham Stocks and Screens! The Elite (Defensive or Enterprising and Undervalued) […]
International Game Tech. is not suitable for either the Defensive Investor or the Enterprising Investor. For the Defensive Investor, the company fails to qualify for potential investment because of the low current ratio, insufficient earnings growth over the ten year historical period, and the high PB ratio.