Update Economic USA Consumer Credit
Consumer credit continues to expand at an above historical rate after taking a quick recess while the consumer manages debt in a responsible manner. Default rates in bank card related debt improved while auto loans worsened and mortgage defaults remained stable.
U.S. Stock Consideration Change Report
Ensco, plc and U.S. Physical Therapy move to BUY consideration.
Merger Consideration Brief (4th Quarter 2017)
Hunters and Hunted for the 4th Quarter of 2017
Stock Fair Value Change Report
AbbVie and Accenture receive increases in fair value.
Stock Fair Value Brief, Volume 1 Issue 4
Expetations increased across all three market capitalization categories during the month. Mid cap moved up to 119.8%Fv and remains the highest ahead of both smallcap at 115.5%Fv and largecap at 105.7%Fv. It is interesting that largecap has now moved above the 10% return year-to-date reaching 11.3% while smallcap returned to positive territory at 4.63%. Smallcap has struggled all year trying to post positive results, so this is a welcome occurrence. The smallcap category is inside the fair value trading range and should be able to move into higher return levels over the next 12 months.