At www.ValuEngine.com we show that the Transportation sector 23.7% overvalued with the Air Freight industry 16.9% overvalued and the Airlines industry 14.7% overvalued. All six stocks in today’s table have complete ValuEngine data and have enough price data to have most value levels, risky levels and pivots.
Air T Inc. (AIRT) – has been below $10 since the week of February 29, 2011.
All Nippon Airways Co. Ltd. (ALNPY)– has been below $9 for at least five years.
Air Transport Services Group, Inc. (ATSG) – has been below $8.75 for at least five years.
Hawaiian Holdings Inc. (HA) – has been below $10 since the week of October 4, 2008.
JetBlue Airways Corp. (JBLU) – has been below $10 since the week of August 18, 2007.
Radiant Logistics, Inc. (RLGT) – has been below $2.80 for at least five years.
Reading the Table
OV / UN Valued – The stocks with a red number are undervalued by this percentage. Those with a black number are overvalued by that percentage according to ValuEngine. The only undervalued stock is HA by just 3.5%. The most overvalued stock is FLGT by 79.1%.
VE Rating – A “1-Engine” rating is a Strong Sell, a “2-Engine” rating is a Sell, a “3-Engine” rating is a Hold, a “4-Engine” rating is a Buy and a “5-Engine” rating is a Strong Buy. We have four Sell rated stocks and two Strong Sell rated stocks (ATSG & RLGT).
Last 12-Month Return (%) – Stocks with a Red number declined by that percentage over the last twelve months. Stocks with a Black number increased by that percentage over the past twelve months! The biggest gainer over the last twelve months is JBLU up 25.1%. The biggest loser was ALNPY down by 28.7%.
Forecast 1-Year Return – Stocks with a Red number are projected to decline by that percentage over the next twelve months. Stocks with a Black number in the Table are projected to move higher by that percentage over the next twelve months. All six stocks are projected to loss between 6.0% and 24.8% over the next twelve months.
P/E Ratios – The twelve month trailing P/E ratios – ATSG & HA have single-digit P/E ratios.
Value Level: is the price at which to enter a GTC Limit Order to buy on weakness. The letters mean; W-Weekly, M-Monthly, Q-Quarterly, S-Semiannual and A- Annual.
Pivot: A level between a value level and risky level that acts as a magnet during the time frame noted.
Risky Level: is the price at which to enter a GTC Limit Order to sell on strength.
Where to Buy and Where to Sell
A “Value Level” is a price at which buyers should add to positions on market price weakness. A “Risky Level” is a price at which sellers should reduce holdings on market price gains. A “Pivot” is a support or resistance (Value Level or Risky Level) that was violated in its time horizon, acting as a magnet during the remainder of that time horizon. These levels are calculated in weekly (W), monthly (M), quarterly (Q), semiannual (S) and annual (A) time horizons, based on the past nine closes in each time horizon. My theory is that the closes over a nine-year period are the summation of all bullish and bearish events for that market or specific stock. These levels are the most important element of my Buy and Trade Strategy.
Buy and Trade Guidelines
Investors should consider entering good until cancelled (GTC) orders to buy weakness to a value level, or to sell strength to a risky level.