This report should not be construed as providing investment advice. It is for educational purposes only.  Before making any investment decision, you should always do your own research or consult a investment professional. Estimates Estimates Estimates
While I try to be accurate, I assume no responsibility for any figure in this spreadsheet. Q1 2023
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McCoy Global Inc TSX: MCB OTC: MCCRF https://www.mccoyglobal.com/ Fiscal Yr: Dec 31
Year 12/31/11 12/31/12 12/31/13 12/31/14 12/31/15 12/31/16 12/31/17 12/31/18 12/31/19 12/31/20 12/31/21 12/31/22 12/31/23 12/31/24 12/31/25 12/31/26 Value Description #Y Item Total G
Accounting Rules IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS Accounting Rules
Comments Ass. Sale
$77.7 <-12 mths 11.44% estimate  last year
Revenue* $153.8 $179.4 $101.8 $120.6 $81.8 $27.0 $40.0 $49.1 $53.4 $38.7 $32.8 $52.4 $69.7 $77.7 <-12 mths -31.57% <-Total Growth 10 Revenue
Increase 40.16% 16.63% -43.22% 18.43% -32.20% -66.98% 48.32% 22.55% 8.79% -27.57% -15.20% 59.86% 32.92% 11.44% <-12 mths -3.72% <-IRR #YR-> 10 Revenue -31.57%
5 year Running Average $138.1 $141.8 $128.5 $133.1 $127.5 $102.1 $74.3 $63.7 $50.3 $41.6 $42.8 $45.3 $49.4 $54.2 <-12 mths 7.27% <-IRR #YR-> 5 Revenue 42.00%
Revenue per Share $5.80 $6.73 $3.72 $4.36 $2.95 $0.97 $1.45 $1.79 $1.93 $1.39 $1.16 $1.85 $2.59 $2.88 <-12 mths -9.11% <-IRR #YR-> 10 5 yr Running Average -61.55%
Increase 39.99% 15.92% -44.74% 17.19% -32.23% -66.98% 48.43% 23.44% 8.22% -28.01% -16.47% 58.92% 40.01% 11.44% <-12 mths -4.96% <-IRR #YR-> 5 5 yr Running Average -22.46%
5 year Running Average $5.15 $5.34 $4.81 $4.95 $4.71 $3.74 $2.69 $2.30 $1.82 $1.51 $1.54 $1.62 $1.78 $1.97 <-12 mths -3.56% <-IRR #YR-> 10 Revenue per Share -30.43%
P/S (Price/Sales) Med 0.62 0.56 1.53 1.26 1.19 1.98 1.30 0.73 0.43 0.36 0.60 0.51 0.60 0.68 <-12 mths 7.68% <-IRR #YR-> 5 Revenue per Share 44.80%
P/S (Price/Sales) Close 0.53 0.66 1.84 0.96 0.72 2.02 0.96 0.56 0.31 0.35 0.57 0.53 0.80 0.73 <-12 mths -9.45% <-IRR #YR-> 10 5 yr Running Average -62.96%
*Revenue in M CDN $  P/S Med 20 yr  0.65 15 yr  0.61 10 yr  0.64 5 yr  0.53 19.16% Diff M/C -4.98% <-IRR #YR-> 5 5 yr Running Average -22.55%
-$101.8 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $69.7
-$49.1 $0.0 $0.0 $0.0 $0.0 $69.7
-$128.5 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $49.4
-$63.7 $0.0 $0.0 $0.0 $0.0 $49.4
-$3.72 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $2.59
-$1.79 $0.00 $0.00 $0.00 $0.00 $2.59
-$4.81 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $1.78
-$2.30 $0.00 $0.00 $0.00 $0.00 $1.78
$0.24 <-12 mths 4.35% estimate  last year
Difference Basic and Diluted 2.22% 0.00% 2.70% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 6.67% 0.00% 0.00% 0.00 <-Median-> 10 Difference Basic and Diluted
EPS Basic $0.45 $0.44 $0.37 $0.65 -$0.40 -$1.30 -$0.59 -$0.14 $0.01 -$0.08 $0.15 $0.31 $0.23 -37.84% <-Total Growth 10 EPS Basic estimates from two
EPS Diluted* $0.44 $0.44 $0.36 $0.65 -$0.40 -$1.30 -$0.59 -$0.14 $0.01 -$0.08 $0.14 $0.31 $0.23 $0.24 <-12 mths -36.11% <-Total Growth 10 EPS Diluted sites, added divided by 2
Increase 144.44% 0.00% -18.18% 80.56% -161.54% -225.00% 54.62% 76.27% 107.14% -900.00% 275.00% 121.43% -25.81% 4.35% <-12 mths 5 5 10 Years of Data, EPS P or N 50.00%
Earnings Yield 14.2% 9.9% 5.3% 15.5% -18.9% -66.0% -42.4% -14.0% 1.7% -16.7% 21.2% 31.6% 11.1% 11.4% <-12 mths -4.38% <-IRR #YR-> 10 Earnings per Share -36.11%
5 year Running Average $0.05 $0.07 $0.18 $0.41 $0.30 -$0.05 -$0.26 -$0.36 -$0.48 -$0.42 -$0.13 $0.05 $0.12 $0.17 <-12 mths 29.51% <-IRR #YR-> 5 Earnings per Share 264.29%
10 year Running Average $0.10 $0.16 $0.19 $0.24 $0.17 $0.00 -$0.09 -$0.09 -$0.04 -$0.06 -$0.09 -$0.10 -$0.12 -$0.16 <-12 mths -4.03% <-IRR #YR-> 10 5 yr Running Average -33.70%
* Diluted ESP per share  E/P 10 Yrs -6.17% 5Yrs 11.06% #NUM! <-IRR #YR-> 5 5 yr Running Average 134.27%
-$0.36 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.23
$0.14 $0.00 $0.00 $0.00 $0.00 $0.23
-$0.18 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.12
$0.36 $0.00 $0.00 $0.00 $0.00 $0.12
Dividend* $0.00 Estimates Dividend*
Increase 0.00% Estimates Increase
Payout Ratio EPS 0.00% Estimates Payout Ratio EPS
Special Dividend $0.04 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 0.00% <-Median-> 10 Special Dividend
Yield H/L Price 1.12% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% #DIV/0! Yield H/L Price
Dividend* $0.06 $0.18 $0.20 $0.20 $0.10 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.02 $0.08 $0.08 $0.08 -90.00% <-Total Growth 10 Dividends
Increase 0.00% 200.00% 11.11% 0.00% -50.00% -100.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 300.00% 0.00% 0.00% 6 4 19 Years of data, Count P, N 31.58%
Average Increases 5 Year Running -3.33% 11.67% 7.22% 22.22% 32.22% 12.22% -27.78% -30.00% -30.00% -20.00% -20.00% 0.00% 0.00% 60.00% 60.00% 60.00% -10.00% <-Median-> 10 Average Incr 5 Year Running
Dividends 5 Yr Running $0.06 $0.08 $0.10 $0.13 $0.15 $0.14 $0.10 $0.06 $0.02 $0.00 $0.00 $0.00 $0.00 $0.02 $0.04 #DIV/0! -95.84% <-Total Growth 10 Dividends 5 Yr Running
Yield H/L Price 1.68% 4.80% 3.51% 3.65% 2.85% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 1.30% 4.11% 73.04% #DIV/0! 0.00% <-Median-> 10 Yield H/L Price Item
Yield on High  Price 1.34% 4.02% 2.77% 2.65% 2.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% <-Median-> 10 Yield on High  Price EPS
Yield on Low Price 2.26% 5.96% 4.82% 5.88% 4.95% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% <-Median-> 10 Yield on Low Price CFPS
Yield on Close Price 1.94% 4.06% 2.93% 4.76% 4.72% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.96% 3.81% 3.81% 3.43% 0.00% <-Median-> 10 Yield on Close Price FCF 
Payout Ratio EPS 22.73% 40.91% 55.56% 30.77% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 8.70% 33.33% #VALUE! #DIV/0! 0.00% <-Median-> 10 DPR EPS
DPR EPS 5 Yr Running 124.48% 111.45% 52.30% 31.46% 50.42% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 3.28% 11.90% #VALUE! #DIV/0! 0.00% <-Median-> 10 DPR EPS 5 Yr Running
Payout Ratio CFPS 14.58% 90.22% 44.97% 45.45% 36.26% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 8.00% 21.15% #VALUE! #DIV/0! 0.00% <-Median-> 10 DPR CF
DPR CF 5 Yr Running 11.96% 17.49% 20.83% 27.61% 36.72% 61.81% 58.50% 131.45% 259.71% 0.00% 0.00% 0.00% 2.06% 9.11% #VALUE! #DIV/0! 32.16% <-Median-> 10 DPR CF 5 Yr Running
Payout Ratio CFPS WC 11.99% 20.99% 20.84% 20.31% 40.86% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 4.32% 21.15% #VALUE! #DIV/0! 0.00% <-Median-> 10 DPR CF WC
DPR CF WC 5 Yr Running 13.67% 15.08% 15.41% 16.16% 19.36% 32.03% 71.62% 0.00% 0.00% 0.00% 0.00% 0.00% 1.93% 7.73% #VALUE! #DIV/0! <-Median-> 6 DPR CF WC 5 Yr Running
Median Values 10 Yr Med 10 Yr Cl 0.00% 0.00% 5 Yr Med 5 Yr Cl 0.00% 0.00% 5 Yr Med Payout 0.00% 0.00% 0.00% 0.00% <-IRR #YR-> 5 Dividends #DIV/0!
* Dividends per share  10 Yr Med and Cur. #DIV/0! #DIV/0! 5 Yr Med and Cur. #DIV/0! #DIV/0! Last Div Inc ---> $0.010 $0.020 100.0% -20.57% <-IRR #YR-> 10 Dividends -60.00%
Dividends Growth 15 -11.26% <-IRR #YR-> 15 Dividends 166.67%
Dividends Growth 20 3.72% <-IRR #YR-> 19 Dividends 700.00%
#DIV/0!
Dividends Growth 5 $0.00 $0.00 $0.00 $0.00 $0.00 $0.02 Dividends Growth 5
Dividends Growth 10 -$0.20 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.02 Dividends Growth 10
Dividends Growth 15 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.02 Dividends Growth 15
Dividends Growth 20 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.02 Dividends Growth 20
Historical Dividends Historical High Div 5.95% Low Div 0.00% 10 Yr High 5.79% 10 Yr Low 0.00% Med Div 0.53% Close Div 0.57% 2.13% <- Historical M Historical Dividends
High/Ave/Median Values Curr diff Exp. -35.97% #DIV/0! #DIV/0! Exp. -34.21% #DIV/0! Cheap 618.78% Cheap 573.10% 78.85% Cheap High/Ave/Median 
Future Dividend Yield Div Yd 3.81% earning in 5 Years at IRR of 0.00% Div Inc. 0.00% Future Dividend Yield
Future Dividend Yield Div Yd 3.81% earning in 10 Years at IRR of 0.00% Div Inc. 0.00% Future Dividend Yield
Future Dividend Yield Div Yd $0.04 earning in 15 Years at IRR of 0.00% Div Inc. 0.00% Future Dividend Yield
Future Dividend Paid Div Paid $0.08 earning in 5 Years at IRR of 0.00% Div Inc. 0.00% Future Dividend Paid
Future Dividend Paid Div Paid $0.08 earning in 10 Years at IRR of 0.00% Div Inc. 0.00% Future Dividend Paid
Future Dividend Paid Div Paid $0.08 earning in 15 Years at IRR of 0.00% Div Inc. 0.00% Future Dividend Paid
Dividend Covering Cost Total Div $0.40 over 5 Years at IRR of 0.00% Div Cov. 19.05% Dividend Covering Cost
Dividend Covering Cost Total Div $0.72 over 10 Years at IRR of 0.00% Div Cov. 34.29% Dividend Covering Cost
Dividend Covering Cost Total Div $1.04 over 15 Years at IRR of 0.00% Div Cov. 49.52% Dividend Covering Cost
I am earning GC Div Gr 100.00% 2/17/11 # yrs -> 12 2011 $4.04 Cap Gain -48.02% I am earning GC
I am earning Div org yield 0.99% 12/31/14 TFSA Div G Yrly 19.61% Div start $0.04 -0.99% 1.98% I am earning Div
Yield if held 5 yrs 0.76% 3.85% 7.18% 15.63% 3.94% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 1.54% 9.70% 16.16% 11.51% 0.00% <-Median-> 10 Paid Median Price
Yield if held 10 yrs 3.95% 36.00% 61.54% 10.00% 1.85% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.35% 1.46% 2.28% 4.16% 0.00% <-Median-> 10 Paid Median Price
Yield if held 15 yrs 7.77% 8.89% 5.15% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.72% 6.25% 3.16% 2.24% 0.00% <-Median-> 10 Paid Median Price
Yield if held 20 yrs 0.00% 0.00% 0.00% 0.00% 0.00% 6.15% 4.00% 1.48% 1.02% 0.00% <-Median-> 6 Paid Median Price
Cost covered if held 5 years 4.32% 9.20% 18.31% 53.13% 30.77% 19.05% 13.33% 5.27% 1.82% 0.00% 0.00% 0.00% 1.54% 12.12% 36.36% 37.41% 3.55% <-Median-> 10 Paid Median Price
Cost covered if held 10 years 27.63% 120.00% 246.15% 49.50% 19.63% 12.95% 19.89% 29.08% 60.94% 30.77% 19.05% 13.33% 5.62% 3.65% 5.14% 13.51% 19.76% <-Median-> 10 Paid Median Price
Cost covered if held 15 years 31.07% 44.44% 56.70% 72.37% 220.00% 338.46% 54.50% 19.63% 12.95% 19.89% 29.80% 68.75% 37.87% 26.33% 49.47% <-Median-> 10 Paid Median Price
Cost covered if held 20 years 35.48% 42.72% 48.89% 56.70% 72.37% 220.00% 344.62% 59.50% 22.96% 16.25% 56.70% <-Median-> 7 Paid Median Price
Yr  Item Tot. Growth
Revenue Growth  $49.1 $53.4 $38.7 $32.8 $52.4 $69.7 $77.7 <-12 mths 11.44% 42.00% <-Total Growth 5 Revenue Growth  42.00%
EPS Growth -$0.14 $0.01 -$0.08 $0.14 $0.31 $0.23 $0.24 <-12 mths 4.35% 264.29% <-Total Growth 5 EPS Growth 264.29%
Net Income Growth -$3.8 -$3.8 -$2.2 $4.1 $8.8 $6.5 $7.1 <-12 mths 8.50% 272.22% <-Total Growth 5 Net Income Growth 272.22%
Cash Flow Growth -$5.0 $6.9 $8.8 $1.5 $2.9 $6.7 $10.2 <-12 mths 51.24% 234.93% <-Total Growth 5 Cash Flow Growth 234.93%
Dividend Growth $0.00 $0.00 $0.00 $0.00 $0.00 $0.02 $0.08 <-12 mths 300.00% #DIV/0! <-Total Growth 5 Dividend Growth #DIV/0!
Stock Price Growth $1.00 $0.60 $0.48 $0.66 $0.98 $2.08 $2.10 <-12 mths 0.96% 108.00% <-Total Growth 5 Stock Price Growth 108.00%
Revenue Growth  $101.8 $120.6 $81.8 $27.0 $40.0 $49.1 $53.4 $38.7 $32.8 $52.4 $69.7 $77.7 <-this year 11.44% -31.57% <-Total Growth 10 Revenue Growth  -31.57%
EPS Growth $0.36 $0.65 -$0.40 -$1.30 -$0.59 -$0.14 $0.01 -$0.08 $0.14 $0.31 $0.23 $0.24 <-this year 4.35% -36.11% <-Total Growth 10 EPS Growth -36.11%
Net Income Growth $9.8 $18.0 -$11.0 -$35.9 -$16.3 -$3.8 -$3.8 -$2.2 $4.1 $8.8 $6.5 $7.1 <-this year 8.50% -33.68% <-Total Growth 10 Net Income Growth -33.68%
Cash Flow Growth $12.2 $12.2 $7.6 -$7.2 -$1.3 -$5.0 $6.9 $8.8 $1.5 $2.9 $6.7 $10.2 <-this year 51.24% -44.69% <-Total Growth 10 Cash Flow Growth -44.69%
Dividend Growth $0.20 $0.20 $0.10 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.02 <-this year -100.00% -90.00% <-Total Growth 10 Dividend Growth -90.00%
Stock Price Growth $6.83 $4.20 $2.12 $1.97 $1.39 $1.00 $0.60 $0.48 $0.66 $0.98 $2.08 $2.10 <-this year 0.96% -69.55% <-Total Growth 10 Stock Price Growth -69.55%
Dividends on Shares $29.40 $14.70 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $2.94 $11.76 $11.76 $11.76 $47.04 No of Years 10 Total Divs 12/31/13
Paid  $1,004.01 $617.40 $311.64 $289.59 $204.33 $147.00 $88.20 $70.56 $97.02 $144.06 $305.76 $308.70 $308.70 $342.51 $305.76 No of Years 10 Worth $6.83
Total $352.80
Dividends on Shares $0.00 $0.00 $0.00 $0.00 $20.00 $80.00 $80.00 $80.00 $20.00 No of Years 5 Total Divs 12/31/18
Paid  $1,000.00 $600.00 $480.00 $660.00 $980.00 $2,080.00 $2,100.00 $2,100.00 $2,330.00 $2,080.00 No of Years 5 Worth $1.00
Total $2,100.00
Graham No. 3 Yrs Trailing $1.55 $1.62 $4.99 $5.86 $6.19 $3.14 $2.61 $1.66 $1.60 $0.31 $0.33 $0.98 $2.36 $3.15 -52.80% <-Total Growth 10 Based on EPS 3 yrs trailing
Price/GP Ratio Med 2.31 2.32 1.14 0.93 0.57 0.61 0.72 0.78 0.51 1.60 2.13 0.97 0.65 0.62 0.75 <-Median-> 10 Price/GP Ratio
Price/GP Ratio Hi 2.90 2.77 1.45 1.29 0.81 0.78 0.92 0.96 0.76 2.10 2.76 1.26 0.88 0.65 0.94 <-Median-> 10 Price/GP Ratio
Price/GP Ratio Low 1.71 1.87 0.83 0.58 0.33 0.45 0.53 0.60 0.27 1.10 1.50 0.67 0.42 0.59 0.55 <-Median-> 10 Price/GP Ratio
Price/GP Ratio Cl 2.01 2.74 1.37 0.72 0.34 0.63 0.53 0.60 0.37 1.55 2.02 1.00 0.88 0.67 0.67 <-Median-> 10 Price/GP Ratio
Prem /Disc. Cl 100.56% 173.94% 36.74% -28.37% -65.73% -37.31% -46.73% -39.77% -62.56% 55.10% 102.42% 0.22% -11.77% -33.25% -32.84% <-Median-> 10 Graham Price
Graham No. $5.13 $5.36 $5.04 $7.35 $7.17 $5.62 $0.58 $0.58 $0.56 $2.01 $2.11 $3.56 $3.22 $3.24 -36.15% <-Total Growth 10 Graham Price
Price/GP Ratio Med 0.70 0.70 1.13 0.75 0.49 0.34 3.26 2.25 1.49 0.25 0.33 0.27 0.48 0.60 0.48 <-Median-> 10 Price/GP Ratio
Price/GP Ratio Hi 0.88 0.84 1.43 1.03 0.70 0.44 4.15 2.76 2.18 0.32 0.43 0.35 0.65 0.63 0.67 <-Median-> 10 Price/GP Ratio
Price/GP Ratio Low 0.52 0.56 0.82 0.46 0.28 0.25 2.37 1.74 0.79 0.17 0.23 0.19 0.31 0.57 0.30 <-Median-> 10 Price/GP Ratio
Price/GP Ratio Cl 0.60 0.83 1.35 0.57 0.30 0.35 2.40 1.74 1.08 0.24 0.31 0.27 0.65 0.65 0.46 <-Median-> 10 Price/GP Ratio
Prem /Disc. Cl -39.53% -17.40% 35.47% -42.88% -70.45% -64.94% 140.19% 73.87% 8.08% -76.07% -68.77% -72.51% -35.39% -35.13% -53.91% <-Median-> 10 Graham Price
Price Close $3.10 $4.43 $6.83 $4.20 $2.12 $1.97 $1.39 $1.00 $0.60 $0.48 $0.66 $0.98 $2.08 $2.10 $2.10 $2.33 -69.55% <-Total Growth 10 Stock Price
Increase -16.22% 42.90% 54.18% -38.51% -49.52% -7.08% -29.44% -28.06% -40.00% -20.00% 37.50% 48.48% 112.24% 0.96% 0.00% 10.95% -8.65 <-Median-> 10 CAPE (10 Yr P/E)
P/E 7.05 10.07 18.97 6.46 -5.30 -1.52 -2.36 -7.14 60.00 -6.00 4.71 3.16 9.04 8.75 #VALUE! #DIV/0! 15.77% <-IRR #YR-> 5 Stock Price 108.00%
Trailing P/E 17.22 10.07 15.52 11.67 3.26 -4.93 -1.07 -1.69 -4.29 48.00 -8.25 7.00 6.71 9.13 8.75 #VALUE! -11.21% <-IRR #YR-> 10 Stock Price -69.55%
CAPE (10 Yr P/E) 31.96 28.04 36.14 17.43 12.47 0.00 -15.11 -11.63 -17.14 -7.87 -7.25 -9.42 -17.78 -13.29 #VALUE! #DIV/0! 16.00% <-IRR #YR-> 5 Price & Dividend 110.00%
Median 10, 5 Yrs D.  per yr 0.55% 0.22% % Tot Ret -5.18% 0.20% T P/E $1.10 $6.71 P/E:  $0.82 $4.71 -10.66% <-IRR #YR-> 10 Price & Dividend -61.93%
Price  15 D.  per yr 4.05% % Tot Ret 58.06% CAPE Diff -201.20% 2.92% <-IRR #YR-> 15 Stock Price 54.07%
Price  20 D.  per yr 10.66% % Tot Ret 52.51% 9.64% <-IRR #YR-> 20 Stock Price 530.30%
Price  25 D.  per yr 2.15% % Tot Ret 93.20% 0.16% <-IRR #YR-> 25 Stock Price
Price  30 D.  per yr 1.61% % Tot Ret -773.98% -1.82% <-IRR #YR-> 26 Stock Price
Price & Dividend 15 6.97% <-IRR #YR-> 15 Price & Dividend 124.44%
Price & Dividend 20 20.30% <-IRR #YR-> 20 Price & Dividend 869.70%
Price & Dividend 25 2.31% <-IRR #YR-> 25 Price & Dividend
Price & Dividend 30 -0.21% <-IRR #YR-> 26 Price & Dividend
Price  5 -$1.00 $0.00 $0.00 $0.00 $0.00 $2.08 Price  5
Price 10 -$6.83 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $2.08 Price 10
Price & Dividend 5 -$1.00 $0.00 $0.00 $0.00 $0.00 $2.10 Price & Dividend 5
Price & Dividend 10 -$6.83 $0.20 $0.10 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $2.10 Price & Dividend 10
Price  15 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $2.08 Price  15
Price  20 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $2.08 Price  20
Price  25 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $2.08 Price  25
Price  30 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $2.08 Price  30
Price & Dividend 15 $0.10 $0.18 $0.20 $0.20 $0.10 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $2.10 Price & Dividend 15
Price & Dividend 20 $0.10 $0.18 $0.20 $0.20 $0.10 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $2.10 Price & Dividend 20
Price & Dividend 25 $0.10 $0.18 $0.20 $0.20 $0.10 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $2.10 Price & Dividend 25
Price & Dividend 30 $0.10 $0.18 $0.20 $0.20 $0.10 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $2.10 Price & Dividend 30
Price Med H/L $3.57 $3.75 $5.69 $5.48 $3.51 $1.93 $1.89 $1.30 $0.83 $0.50 $0.70 $0.95 $1.54 $1.95 10.95% -72.93% <-Total Growth 10 Stock Price
Increase 40.83% 5.04% 51.73% -3.69% -36.04% -45.08% -2.08% -31.30% -36.29% -40.00% 40.40% 35.97% 62.96% 26.30% 3.81% -12.25% <-IRR #YR-> 10 Stock Price -72.93%
P/E 8.11 8.52 15.81 8.43 -8.76 -1.48 -3.19 -9.25 82.50 -6.19 4.96 3.05 6.70 8.10 14.76% 3.53% <-IRR #YR-> 5 Stock Price 18.92%
Trailing P/E 19.83 8.52 12.93 15.22 5.39 -4.81 -1.45 -2.19 -5.89 49.50 -8.69 6.75 4.97 8.46 -11.57% <-IRR #YR-> 10 Price & Dividend
P/E on Running 5 yr Average 71.40 52.08 30.92 13.24 11.76 -38.50 -7.36 -3.64 -1.70 -1.18 -5.27 19.69 12.62 11.58 3.79% <-IRR #YR-> 5 Price & Dividend
P/E on Running 10 yr Average 36.80 23.73 30.11 22.74 20.62 -20.49 -15.06 -23.57 -8.11 -7.64 -9.09 -13.16 -12.31 6.70 P/E Ratio Historical Median
Median 10, 5 Yrs D.  per yr 0.68% 0.27% % Tot Ret -5.87% 7.05% T P/E 1.76 4.97 P/E:  0.78 4.96 Count 26 Years of data
-$5.69 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $1.54
-$1.30 $0.00 $0.00 $0.00 $0.00 $1.54
-$5.69 $0.20 $0.10 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $1.56
-$1.30 $0.00 $0.00 $0.00 $0.00 $1.56
High Months Mar Dec Oct Jan Jun Mar Jun Jan Feb Jan Jun Aug Dec Feb
Price High $4.49 $4.48 $7.23 $7.56 $4.99 $2.45 $2.40 $1.59 $1.21 $0.65 $0.90 $1.23 $2.08 $2.04 -71.23% <-Total Growth 10 Stock Price
Increase 16.62% -0.22% 61.38% 4.56% -33.99% -50.90% -2.04% -33.75% -23.90% -46.28% 38.46% 36.67% 69.11% -1.92% -11.71% <-IRR #YR-> 10 Stock Price -71.23%
P/E 10.20 10.18 20.08 11.63 -12.48 -1.88 -4.07 -11.36 121.00 -8.13 6.43 3.97 9.04 8.50 5.52% <-IRR #YR-> 5 Stock Price 30.82%
Trailing P/E 24.94 10.18 16.43 21.00 7.68 -6.13 -1.85 -2.69 -8.64 65.00 -11.25 8.79 6.71 8.87 10.00 P/E Ratio Historical Median
Median 10, 5 Yrs T P/E 2.43 6.71 P/E:  1.04 6.43 22.63 P/E Ratio Historical High
-$7.23 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $2.08
-$1.59 $0.00 $0.00 $0.00 $0.00 $2.08
Low Months Oct Jan Mar Dec Dec Nov Dec Dec Sep Apr Jan Jan Jan Apr
Price Low $2.65 $3.02 $4.15 $3.40 $2.02 $1.40 $1.37 $1.00 $0.44 $0.34 $0.49 $0.66 $1.00 $1.85 -75.90% <-Total Growth 10 Stock Price
Increase 117.21% 13.96% 37.42% -18.07% -40.59% -30.69% -2.14% -27.01% -56.00% -22.73% 44.12% 34.69% 51.52% 85.00% -13.26% <-IRR #YR-> 10 Stock Price -75.90%
P/E 6.02 6.86 11.53 5.23 -5.05 -1.08 -2.32 -7.14 44.00 -4.25 3.50 2.13 4.35 7.71 0.00% <-IRR #YR-> 5 Stock Price 0.00%
Trailing P/E 14.72 6.86 9.43 9.44 3.11 -3.50 -1.05 -1.69 -3.14 34.00 -6.13 4.71 3.23 8.04 3.29 P/E Ratio Historical Median
Median 10, 5 Yrs T P/E 1.03 3.23 P/E:  0.53 3.50 -3.52 P/E Ratio Historical Low
-$4.15 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $1.00
$2 <-12 mths 0.00% estimate  last year
Free Cash Flow MS $12.895 -$4.690 $3.609 $0.595 $0.684 -$8.114 -$3.196 -$6.197 $3.298 $5.030 -$2.497 $0.973 $2.198 $2.198 <-12 mths -39.10% <-Total Growth 10 Free Cash Flow
Change -1286.26% 60.61% -93.90% 153.22% 52.52% -149.64% 138.97% 125.90% 0.00% <-12 mths #NUM! <-IRR #YR-> 5 Free Cash Flow MS 135.47%
FCF/CF from Op Ratio 0.09 1.13 2.51 1.24 0.48 0.57 -1.71 0.34 0.33 0.22 <-12 mths -4.84% <-IRR #YR-> 10 Free Cash Flow MS -39.10%
Dividends paid $2.65 $4.78 $5.39 $5.53 $2.77 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.56 $0.00 <-12 mths -89.71% <-Total Growth 10 Dividends paid
Percentage paid 404.97% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 25.25% 0.00% <-12 mths $0.00 <-Median-> 9 Percentage paid
5 Year Coverage -20.48% 0.00% 0.00% 0.00% 6.17% 7.02% <-12 mths 5 Year Coverage
Dividend Coverage Ratio 0.25 0.00 0.00 0.00 0.00 0.00 0.00 0.00 3.96 0.00 <-12 mths 0.00 <-Median-> 9 Dividend Coverage Ratio
5 Year of Coverage -4.88 0.00 0.00 0.00 16.22 14.24 <-12 mths 5 Year of Coverage
$0 <-12 mths 0.00%
Free Cash Flow WSJ $2.189 -$8.062 -$2.495 -$5.999 $5.500 $7.284 -$0.446 $0.973 $2.291 $2.291 <-12 mths 4.66% <-Total Growth 8 Free Cash Flow
Change -468.30% 69.05% -140.44% 191.68% 32.44% -106.12% 318.16% 135.46% 0.00% <-12 mths #NUM! <-IRR #YR-> 5 Free Cash Flow MS
FCF/CF from Op Ratio 0.29 1.12 1.96 1.20 0.80 0.83 -0.31 0.73 3.96 -12.48 <-12 mths 0.57% <-IRR #YR-> 8 Free Cash Flow MS
Dividends paid $2.77 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.56 $0.00 <-12 mths #DIV/0! <-Total Growth 8 Dividends paid
Percentage paid 126.54% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 24.23% 0.00% <-12 mths $0.00 <-Median-> 9 Percentage paid
5 Year Coverage 126.54% -47.16% -33.10% -19.28% -31.24% 0.00% 0.00% 0.00% 3.56% 4.48% <-12 mths 5 Year Coverage
Dividend Coverage Ratio 0.79 0.00 0.00 0.00 0.00 0.00 0.00 0.00 4.13 0.00 <-12 mths 0.00 <-Median-> 9 Dividend Coverage Ratio
5 Year of Coverage 0.79 -2.12 -3.02 -5.19 -3.20 0.00 0.00 0.00 28.11 22.33 <-12 mths 5 Year of Coverage
Market Cap $82.179 $118.152 $187.171 $116.316 $58.733 $54.577 $38.481 $27.486 $16.579 $13.345 $18.628 $27.824 $56.066 $56.605 $56.605 $62.805 -70.05% <-Total Growth 10 Market Cap
Diluted # of Shares in Million 26.83 26.87 27.33 27.74 27.70 27.70 27.68 27.49 27.92 27.70 28.36 28.72 28.57 28.57 4.55% <-Total Growth 10 Diluted
Change 1.31% 0.14% 1.69% 1.52% -0.16% 0.02% -0.07% -0.72% 1.56% -0.76% 2.38% 1.25% -0.50% 0.00% -0.03% <-Median-> 10 Change
Difference Diluted/Basic -1.25% -1.24% -1.75% -0.45% 0.00% 0.00% 0.00% 0.00% -1.43% 0.00% -1.23% -1.36% -1.67% -1.67% -0.23% <-Median-> 10 Difference Diluted/Basic
Basic # of Shares in Millions 26.50 26.54 26.85 27.62 27.70 27.70 27.68 27.49 27.52 27.70 28.01 28.32 28.09 28.09 4.64% <-Total Growth 10 Basic
Change 0.09% 0.15% 1.17% 2.86% 0.29% 0.02% -0.07% -0.72% 0.11% 0.67% 1.12% 1.11% -0.81% 0.00% 0.20% <-Median-> 10 Change
Difference Basic/Outstanding 0.0% 0.5% 2.1% 0.3% 0.0% 0.0% 0.0% 0.0% 0.4% 0.4% 0.8% 0.2% -4.1% -4.1% 0.13% <-Median-> 10 Difference Basic/Outstanding
$10.20 <-12 mths 51.24% estimate  last year
# of Share in Millions 26.509 26.671 27.404 27.694 27.704 27.704 27.684 27.486 27.631 27.802 28.225 28.392 26.955 26.955 26.955 26.955 -0.17% <-IRR #YR-> 10 Shares -1.64%
Change 0.13% 0.61% 2.75% 1.06% 0.04% 0.00% -0.07% -0.72% 0.53% 0.62% 1.52% 0.59% -5.06% 0.00% 0.00% 0.00% -0.39% <-IRR #YR-> 5 Shares -1.93%
Cash Flow from Operations $M $18.181 $5.321 $12.19 $12.19 $7.64 -$7.20 -$1.27 -$5.00 $6.92 $8.81 $1.46 $2.87 $6.74 $10.20 <-12 mths -44.69% <-Total Growth 10 Cash Flow
Increase 16.75% -70.73% 129.05% 0.00% -37.32% -194.24% 82.32% -292.46% 238.47% 27.41% -83.45% 96.78% 134.80% 51.24% <-12 mths SO, Buy backs S. Issues
5 year Running Average $13.920 $12.160 $12.329 $12.690 $11.104 $6.027 $4.709 $1.272 $0.218 $0.453 $2.184 $3.013 $5.361 $6.016 <-12 mths -56.52% <-Total Growth 10 CF 5 Yr Running
CFPS $0.69 $0.20 $0.44 $0.44 $0.28 -$0.26 -$0.05 -$0.18 $0.25 $0.32 $0.05 $0.10 $0.25 $0.38 <-12 mths -43.77% <-Total Growth 10 Cash Flow per Share
Increase 16.61% -70.91% 122.93% -1.05% -37.34% -194.24% 82.31% -295.29% 237.74% 26.62% -83.69% 95.62% 147.31% 51.24% <-12 mths -5.75% <-IRR #YR-> 10 Cash Flow -44.69%
5 year Running Average $0.52 $0.46 $0.46 $0.47 $0.41 $0.22 $0.17 $0.05 $0.01 $0.02 $0.08 $0.11 $0.19 $0.22 <-12 mths #NUM! <-IRR #YR-> 5 Cash Flow 234.93%
P/CF on Med Price 5.21 18.80 12.79 12.45 12.71 -7.41 -40.99 -7.12 3.30 1.56 13.45 9.35 6.16 5.14 <-12 mths -5.59% <-IRR #YR-> 10 Cash Flow per Share -43.77%
P/CF on Closing Price 4.52 22.20 15.36 9.54 7.69 -7.58 -30.23 -5.50 2.40 1.51 12.77 9.69 8.32 5.55 <-12 mths #NUM! <-IRR #YR-> 5 Cash Flow per Share 237.59%
17.47% Diff M/C -8.31% <-IRR #YR-> 10 CFPS 5 yr Running -58.00%
$13.64 <-12 mths 9.24% estimate  last year
Excl.Working Capital CF $3.93 $17.55 $14.11 $15.09 -$0.86 -$18.40 -$14.43 $4.58 -$3.49 -$7.36 $1.94 $5.04 $5.75 $0.0 <-12 mths 33.57% <-IRR #YR-> 5 CFPS 5 yr Running 325.15%
CF fr Op $M WC $22.11 $22.87 $26.30 $27.27 $6.78 -$25.60 -$15.70 -$0.42 $3.43 $1.46 $3.40 $7.91 $12.49 $10.2 <-12 mths -52.52% <-Total Growth 10 Cash Flow less WC
Increase 112.59% 3.47% 14.99% 3.69% -75.14% -477.60% 38.68% 97.34% 922.06% -57.47% 132.85% 133.02% 57.86% -18.36% <-12 mths -7.18% <-IRR #YR-> 10 Cash Flow less WC -52.52%
5 year Running Average $12.193 $14.131 $16.752 $21.791 $21.067 $11.526 $3.811 -$1.533 -$6.302 -$7.366 -$1.567 $3.155 $5.736 $7.089 <-12 mths #NUM! <-IRR #YR-> 5 Cash Flow less WC 3094.72%
CFPS Excl. WC $0.83 $0.86 $0.96 $0.98 $0.24 -$0.92 -$0.57 -$0.02 $0.12 $0.05 $0.12 $0.28 $0.46 $0.38 <-12 mths -10.16% <-IRR #YR-> 10 CF less WC 5 Yr Run -65.76%
Increase 112.32% 2.84% 11.91% 2.61% -75.15% -477.60% 38.64% 97.32% 917.75% -57.73% 129.37% 131.65% 66.27% -18.36% <-12 mths #NUM! <-IRR #YR-> 5 CF less WC 5 Yr Run 474.27%
5 year Running Average $0.46 $0.53 $0.62 $0.81 $0.78 $0.42 $0.14 -$0.06 -$0.23 -$0.27 -$0.06 $0.11 $0.21 $0.26 <-12 mths -7.02% <-IRR #YR-> 10 CFPS - Less WC -51.73%
P/CF on Med Price 4.28 4.37 5.93 5.56 14.32 -2.08 -3.32 -85.36 6.65 9.44 5.78 3.39 3.32 5.14 <-12 mths 100.67% <-IRR #YR-> 5 CFPS - Less WC 3153.72%
P/CF on Closing Price 3.72 5.17 7.12 4.26 8.66 -2.13 -2.45 -65.91 4.84 9.15 5.49 3.52 4.49 5.55 <-12 mths -10.42% <-IRR #YR-> 10 5 yr Running -66.74%
*Operational Cash Flow per share CF/-WC P/CF Med 10 yr 4.73 5 yr  6.16 P/CF Med 10 yr 4.48 5 yr  5.78 23.99% Diff M/C #NUM! <-IRR #YR-> 5 5 yr Running 475.29%
-$0.44 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.25 Cash Flow per Share
$0.18 $0.00 $0.00 $0.00 $0.00 $0.25 Cash Flow per Share
-$0.46 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.19 CFPS 5 yr Running
-$0.05 $0.00 $0.00 $0.00 $0.00 $0.19 CFPS 5 yr Running
-$26.3 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $12.5 Cash Flow less WC
$0.4 $0.0 $0.0 $0.0 $0.0 $12.5 Cash Flow less WC
-$16.8 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $5.7 CF less WC 5 Yr Run
$1.5 $0.0 $0.0 $0.0 $0.0 $5.7 CF less WC 5 Yr Run
-$0.96 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.46 CFPS - Less WC
$0.02 $0.00 $0.00 $0.00 $0.00 $0.46 CFPS - Less WC
-$0.62 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.21 CFPS 5 yr Running
$0.06 $0.00 $0.00 $0.00 $0.00 $0.21 CFPS 5 yr Running
OPM 11.82% 2.97% 11.97% 10.10% 9.34% -26.67% -3.18% -10.18% 12.96% 22.79% 4.45% 5.48% 9.67% 13.13% -19.17% <-Total Growth 10 OPM
Increase -16.70% -74.91% 303.41% -15.56% -7.54% -385.44% -88.08% 220.24% -227.28% 75.89% -80.48% 23.09% 76.64% 35.71% Should increase  or be stable.
Diff from Ave 59.5% -60.0% 61.5% 36.4% 26.1% -459.9% -142.9% -237.4% 74.9% 207.6% -40.0% -26.1% 30.6% 77.2% 0.00 <-Median-> 10 OPM
*Operational Profit Margin (CF/Revenue) Ratio OPM 10 Yrs 7.41% 5 Yrs 9.67% should be  zero, it is a   check on calculations
Adjusted EBITDA $17.014 $20.986 $3.768 -$13.192 -$3.296 $0.205 $4.352 $3.766 $3.437 $8.537 $13.125 -29.63% <-Total Growth 10 Adjusted EBITDA
Change 23.35% -82.05% -450.11% 75.02% 106.22% 2022.93% -13.47% -8.74% 148.39% 53.74% 38.54% <-Median-> 10 Change
Margin 16.71% 17.40% 4.61% -48.86% -8.23% 0.42% 8.15% 9.74% 10.48% 16.28% 18.83% 8.94% <-Median-> 10 Margin
Basic per Share $0.63 $0.76 $0.14 -$0.48 -$0.12 $0.01 $0.16 $0.14 $0.12 $0.30 $0.47 -34.04% <-Total Growth 10 Basic per Share
Diluted per Share $0.62 $0.76 $0.14 -$0.48 -$0.12 $0.01 $0.16 $0.14 $0.04 $0.30 $0.46 -34.78% <-Total Growth 10 Diluted per Share
Long Term Debt  $0.666 $3.955 $3.630 $0.666 $3.955 $5.657 $6.081 $3.690 $2.252 $0.000 $0.000 Debt Type
Change 493.84% -8.22% -81.65% 493.84% 43.03% 7.50% -39.32% -38.97% -100.00% #DIV/0! -0.08 <-Median-> 9 Change Lg Term R
Long Term Debt/Market Cap Ratio 0.01 0.07 0.07 0.02 0.14 0.34 0.46 0.20 0.08 0.00 0.00 0.07 <-Median-> 10 Debt/Market Cap Ratio Intang/GW
Assets/Current Liabilities 5.18 8.74 10.82 3.69 3.88 4.29 7.09 6.60 4.01 3.85 4.68 4.73 <-Median-> 10 Assets/Current Liabilities Liquidity
Debt to Cash Flow (Years) 0.05 0.52 -0.50 -0.52 -0.79 0.82 0.69 2.53 0.78 0.00 0.00 0.29 <-Median-> 10 Debt to Cash Flow (Years) Liq. + CF
Debt Ratio
Intangibles $12.74 $13.94 $14.66 $14.44 $6.90 $1.44 $1.29 $0.01 $4.57 $5.82 $7.07 $7.18 $5.31 $6.75 -175.97% <-Total Growth 10 Intangibles Leverage
Goodwill $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $3.55 $3.48 $3.47 $3.70 $3.62 $3.70 #DIV/0! <-Total Growth 10 Goodwill D/E Ratio
Total $12.74 $13.94 $14.66 $14.44 $6.90 $1.44 $1.29 $0.01 $8.12 $9.30 $10.54 $10.88 $8.93 $10.45 64.19% <-Total Growth 10 Total
Change 9.44% 5.14% -1.46% -52.25% -79.13% -10.35% -99.30% 90100% 15% 13% 3% -18% 17.04% -5.91% <-Median-> 10 Change
Intangible/Market Cap Ratio 0.16 0.12 0.08 0.12 0.12 0.03 0.03 0.00 0.49 0.70 0.57 0.39 0.16 0.18 0.14 <-Median-> 10 Intangible/Market Cap Ratio
Current Assets $72.05 $76.75 $89.14 $97.02 $87.63 $61.21 $46.53 $51.43 $41.37 $32.85 $34.45 $58.46 $57.75 $52.70 Liq ratio of 1.5 and up, best Assets
Current Liabilities $29.71 $29.12 $32.55 $25.49 $12.64 $6.46 $15.57 $15.38 $13.90 $7.43 $8.36 $19.40 $20.05 $15.32 3.58 <-Median-> 10 Liabilities
Liquidity 2.43 2.64 2.74 3.81 6.93 9.48 2.99 3.34 2.98 4.42 4.12 3.01 2.88 3.44 3.01 <-Median-> 5 Ratio
Liq. with CF aft div 2.95 2.65 2.95 4.07 7.32 8.36 2.91 3.02 3.47 5.61 4.30 3.16 3.19 3.97 3.47 <-Median-> 5 Ratio
Liq. CF re  Inv+Div  2.72 1.96 2.38 4.07 6.32 8.36 1.91 2.84 2.10 3.77 2.97 3.16 2.60 3.06 2.97 <-Median-> 5 Ratio
Assets $109.52 $117.68 $120.47 $131.94 $110.57 $69.90 $57.44 $59.74 $59.63 $52.66 $55.14 $77.79 $77.24 $71.74 Debt Ratio of 1.5 and up, best Assets
Liabilities $39.15 $40.19 $34.46 $29.57 $13.10 $10.09 $16.23 $19.34 $21.78 $17.15 $15.13 $26.08 $23.26 $19.43 3.43 <-Median-> 10 Liabilities
Debt Ratio 2.80 2.93 3.50 4.46 8.44 6.93 3.54 3.09 2.74 3.07 3.64 2.98 3.32 3.69 3.07 <-Median-> 5 Ratio
Book Value $70.37 $77.50 $86.00 $102.37 $97.47 $59.81 $41.21 $40.41 $37.85 $35.50 $40.01 $51.71 $53.98 $52.32 $52.32 $52.32 -37.23% <-Total Growth 10 Book Value
Book Value per share $2.65 $2.91 $3.14 $3.70 $3.52 $2.16 $1.49 $1.47 $1.37 $1.28 $1.42 $1.82 $2.00 $1.94 $1.94 $1.94 -36.18% <-Total Growth 10 Book Value per Share
Change 23.68% 9.46% 8.01% 17.79% -4.82% -38.64% -31.05% -1.23% -6.82% -6.78% 11.00% 28.49% 9.95% -3.09% 0.00% 0.00% 31.16% P/B Ratio Current/10 Year Median
P/B Ratio (Median) 1.34 1.29 1.81 1.48 1.00 0.89 1.27 0.88 0.60 0.39 0.49 0.52 0.77 1.00 0.06 0.00 1.22 P/B Ratio Historical Median
P/B Ratio (Close) 1.17 1.52 2.18 1.14 0.60 0.91 0.93 0.68 0.44 0.38 0.47 0.54 1.04 1.08 1.08 1.20 -4.39% <-IRR #YR-> 10 Book Value per share -36.18%
Change -32.26% 30.55% 42.75% -47.79% -46.97% 51.45% 2.33% -27.16% -35.61% -14.18% 23.87% 15.56% 93.03% 4.18% 0.00% 10.95% 6.38% <-IRR #YR-> 5 Book Value per share 36.23%
Leverage (A/BK) 1.56 1.52 1.40 1.29 1.13 1.17 1.39 1.48 1.58 1.48 1.38 1.50 1.43 1.37 1.41 <-Median-> 10 A/BV
Debt/Equity Ratio 0.56 0.52 0.40 0.29 0.13 0.17 0.39 0.48 0.58 0.48 0.38 0.50 0.43 0.37 0.41 <-Median-> 10 Debt/Eq Ratio
Sharerholders Equity (Assets less liabilities) P/BV 10 yr Med 0.82 5 yr Med 0.52 31.16% Diff M/C 1.52 Historical 27 Leverage (A/BK)
-$3.14 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $2.00
-$1.47 $0.00 $0.00 $0.00 $0.00 $2.00
$6.24 <-12 mths 17.23% estimate  last year
Comprehensive Income $12.31 $11.10 $12.00 $20.43 -$2.71 -$37.98 -$18.79 -$0.63 -$2.76 -$2.60 $4.10 $11.49 $5.32 -55.65% <-Total Growth 10 Comprehensive Income
Increase 192.89% -9.85% 8.11% 70.25% -113.28% -1300.26% 50.53% 96.66% -339.71% 5.77% 257.93% 179.94% -53.67% 5.77% <-Median-> 5 Comprehensive Income
5 Yr Running Average $0.82 $1.89 $4.86 $12.01 $10.62 $0.57 -$5.41 -$7.93 -$12.57 -$12.55 -$4.13 $1.92 $3.11 -7.81% <-IRR #YR-> 10 Comprehensive Income -55.65%
ROE 17.5% 14.3% 14.0% 20.0% -2.8% -63.5% -45.6% -1.6% -7.3% -7.3% 10.3% 22.2% 9.9% #NUM! <-IRR #YR-> 5 Comprehensive Income 948.64%
5Yr Median 7.4% 7.4% 14.0% 14.3% 14.3% 14.0% -2.8% -2.8% -7.3% -7.3% -7.3% -1.6% 9.9% -4.36% <-IRR #YR-> 10 5 Yr Running Average -35.99%
% Difference from NI 3.2% -5.7% 21.9% 13.4% -75.3% 5.7% 15.1% -83.5% -27.3% 19.4% 0.0% 31.1% -18.5% #NUM! <-IRR #YR-> 5 5 Yr Running Average 139.21%
Median values Diff 5, 10 yr 2.9% 0.0% 9.9% <-Median-> 5 Return on Equity
-$12.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $5.3
$0.6 $0.0 $0.0 $0.0 $0.0 $5.3
-$4.9 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $3.1
$7.9 $0.0 $0.0 $0.0 $0.0 $3.1
Current Liability Coverage Ratio 0.74 0.79 0.81 1.07 0.54 -3.96 -1.01 -0.03 0.25 0.20 0.41 0.41 0.62 0.67   CFO / Current Liabilities
5 year Median 0.57 0.61 0.74 0.79 0.79 0.79 0.54 -0.03 -0.03 -0.03 0.20 0.25 0.41 0.41 0.33 <-Median-> 10 Current Liability Cov Ratio
Asset Efficiency Ratio 20.18% 19.44% 21.83% 20.67% 6.13% -36.63% -27.33% -0.70% 5.75% 2.77% 6.16% 10.17% 16.17% 14.21% CFO / Total Assets
5 year Median 12.55% 13.12% 19.44% 20.18% 20.18% 19.44% 6.13% -0.70% -0.70% -0.70% 2.77% 5.75% 6.16% 10.17% 5.9% <-Median-> 10 Return on Assets 
Return on Assets ROA 10.89% 10.00% 8.17% 13.65% -9.93% -51.40% -28.41% -6.35% -6.36% -4.13% 7.44% 11.26% 8.45% 9.9% Net  Income/Assets Return on Assets
5Yr Median 5.86% 5.86% 8.17% 10.00% 10.00% 8.17% -9.93% -9.93% -9.93% -6.36% -6.35% -4.13% 7.44% 8.5% -5.2% <-Median-> 10 Asset Efficiency Ratio
Return on Equity ROE 16.94% 15.19% 11.45% 17.59% -11.26% -60.07% -39.60% -9.38% -10.02% -6.13% 10.25% 16.95% 12.09% 13.5% Net Inc/ Shareholders' equity Return on Equity
5Yr Median 8.55% 8.55% 11.45% 15.19% 15.19% 11.45% -11.26% -11.26% -11.26% -10.02% -9.38% -6.13% 10.25% 12.1% -7.8% <-Median-> 10 Return on Equity
$7.08 <-12 mths 8.50% estimate  last year
Income $11.92 $11.77 $9.84 $18.01 -$10.98 -$35.93 -$16.32 -$3.79 -$3.79 -$2.18 $4.10 $8.76 $6.53 -33.68% <-Total Growth 10 Income
NCI $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 NCI
Net Income $11.92 $11.77 $9.84 $18.01 -$10.98 -$35.93 -$16.32 -$3.79 -$3.79 -$2.18 $4.10 $8.76 $6.53 $7.08 <-12 mths -33.68% <-Total Growth 10 Net Income
Increase 145.50% -1.27% -16.38% 82.92% -160.96% 227.28% -54.58% -76.77% 0.00% -42.63% -288.64% 113.58% -25.49% 8.50% <-12 mths EPS/CF Ratio should not be higher than 1.00
5 Yr Running Average $1.35 $1.97 $5.05 $11.28 $8.11 -$1.46 -$7.07 -$9.80 -$14.16 -$12.40 -$4.39 $0.62 $2.69 $4.86 <-12 mths -4.02% <-IRR #YR-> 10 Net Income -33.68%
Operating Cash Flow $18.18 $5.32 $12.19 $12.19 $7.64 -$7.20 -$1.27 -$5.00 $6.92 $8.81 $1.46 $2.87 $6.74 $10.20 <-12 mths #NUM! <-IRR #YR-> 5 Net Income 272.22%
Investment Cash Flow -$2.50 -$10.40 -$7.76 $13.74 -$2.00 $1.49 -$8.08 -$0.97 -$9.06 -$3.63 -$3.72 $6.91 -$4.51 -$4.51 <-12 mths -6.11% <-IRR #YR-> 10 5 Yr Running Average -46.78%
Total Accruals -$3.76 $16.85 $5.42 -$7.92 -$16.62 -$30.21 -$6.97 $2.18 -$1.65 -$7.36 $6.36 -$1.02 $4.29 $1.39 <-12 mths #NUM! <-IRR #YR-> 5 5 Yr Running Average 127.40%
Total Assets $109.52 $117.68 $120.47 $131.94 $110.57 $69.90 $57.44 $59.74 $59.63 $52.66 $55.14 $77.79 $77.24 $71.74 <-12 mths Balance Sheet Assets
Accruals Ratio -3.43% 14.32% 4.50% -6.00% -15.03% -43.22% -12.13% 3.64% -2.76% -13.98% 11.53% -1.31% 5.56% 1.94% <-12 mths -1.31% <-Median-> 5 Ratio
EPS/CF Ratio 0.53 0.51 0.38 0.66 -1.63 1.41 1.04 9.23 0.08 -1.53 1.16 1.11 0.50 0.63 <-12 mths 0.85 <-Median-> 10 EPS/CF Ratio
-$10 $0 $0 $0 $0 $0 $0 $0 $0 $0 $7
$4 $0 $0 $0 $0 $7
-$5 $0 $0 $0 $0 $0 $0 $0 $0 $0 $3
$10 $0 $0 $0 $0 $3
Chge in Close -16.22% 42.90% 54.18% -38.51% -49.52% -7.08% -29.44% -28.06% -40.00% -20.00% 37.50% 48.48% 112.24% 0.96% 0.00% 10.95% Count 27 Years of data
up/down/neutral Up Down up  up up  up  Up Down Down Count 20 74.07%
Any Predictions? yes % right Count 8 40.00%
Financial Cash Flow -$0.59 -$1.72 -$13.33 -$4.70 -$2.74 $0.00 $2.60 $1.30 $0.96 -$1.14 $1.40 -$0.31 -$7.65 C F Statement  Financial CF
Total Accruals -$3.17 $18.57 $18.75 -$3.21 -$13.88 -$30.21 -$9.56 $0.88 -$2.61 -$6.22 $4.96 -$0.71 $11.94 Accruals
Accruals Ratio -2.89% 15.78% 15.56% -2.44% -12.55% -43.22% -16.65% 1.47% -4.37% -11.82% 9.00% -0.92% 15.46% -0.92% <-Median-> 5 Ratio
Cash $29.38 $22.12 $13.33 $29.88 $27.45 $22.18 $14.97 $10.95 $8.38 $12.14 $11.14 $21.47 $15.73 $19.09 $12.14 <-Median-> 0 Cash
Cash per share $1.11 $0.83 $0.49 $1.08 $0.99 $0.80 $0.54 $0.40 $0.30 $0.44 $0.39 $0.76 $0.58 $0.71 $0.44 <-Median-> 5 Cash per Share
Percentage of Stock Price 35.76% 18.72% 7.12% 25.69% 46.74% 40.63% 38.91% 39.83% 50.56% 90.94% 59.80% 77.16% 28.05% 33.72% 59.80% <-Median-> 5 % of Stock Price
Notes:
May 4, 2024. There were no estimates for 2023.
May 5, 2023.  There were no estimate for 2022.
May 6, 2022.  Last estimates were for 2021 and 2022 of $37.1M and $37.1M for Revenue, $0.04 for 2021 for EPS
May 2, 2021.  Last estimates were for 2020 of $38.1M and $36M for Revenue for 2020 and 2021, $0.12 for EPS, $0.27 for CFPS and $1.8M for Net Income.
April 25, 2020.  Last estimates were for 2019 and 2020 of $62.5 and 63.8 for Revenue, $0.13 and $0.14 for EPS, $0.26 and $0.27 for CFPS and $1.80M for Net Income for 2019.
May 1. 2019.  Last estimates were for 2018 and 2019 of $49M and $58.5M, $0.07 and $0.29 for EPS, $0.01 for CFPS for 2018 and $1.8M for Net Income for 2018.
April 28, 2018.  Last estimates were for 2017 and 2018 of 47.6M and $70.3M for Revenue, -$0.17 and $0.06 for EPS, $0.01 and $0.31 for CFPS and $-$4.69M and $1.8M for Net Income.
May 5, 2017.  Last estimates were for 2016 and 2017 of $32.5M and $66.7M for Revenue,-$0.53 and -$0.11 for EPS, -$0.52 and $0.20 for CFPS and $-19.70M and $3.79M for Net Income.
May 21, 2016.  Last estimates were for 2015 and 2016 of $98.5M and $108M for Revenue, $0.21 and $0.29 for EPS, $0.43 and $0.41 for CFPS and $6.45M and $10.70M for Net Income.
September 3, 2015 Board of Directors suspended dividends
June 6, 2015.  Last estimates were for 2014 and 2015 of $136M and $155M for Revenue, $0.52 and $0.61 for EPS, $0.73 and $0.86 for CFPS and $12.3M and $19.1M for Net Income.
May 25, 2014.  Last estimates were for 2013 and 2014 of $183.9M and $205M for Revenue, $0.47 and $0.59 for EPS and $0.76 and $0.87 for CFPS.
There is a difference between 5 year running averages for say cash flow and CFPS because the 5 year running averages for that last 5 years includes 2007 when the outstanding shares increased by some 44%.
June 2, 2013.  The last estimates I got were for 2012 and 2013 of $172M and $176M for Revenue, $0.46 and $0.53 for EPS.
June 03, 2012.  Last Estimates were for 2011 and 2012 of $142M and $152M for Revenue, $0.39 and $0.48 for EPS.
May 22, 2011.  Did 2010 without receiving Annual Statement.  Earnings Estimates for 2010, 2011 and 2012 were $.22, $.39 and $.48.
There is no change in estimates for 2011 and 2012.  However, there are not many analysts following this stock.
Feb 12, 2010.  When I last looked for estimates, I got 2009 and 2010 earnings of R$.06 and $.21.
Dividend reduced in 2009 because of turndown in business for McCoy because of the current recession. They do not expect a turnaround before the end of 2009.
When I last looked at this stock in Jan 2009, I got an earnings estimate of $.30 a share for 2008.  This was way off as earnings came in at -$.20 a share.
2007 increase in shares issued for an acquisition and to pay down debt.
Company started in 1914 and went public in 1996.  The 6,365,500 shares deemed as issued and outstanding at January 1, 1996 and 1997
were legally issued on November 17, 1997.
Sector:
Services, Industrial
What should this stock accomplish?
I think that this stock will be a winner in the long term.  It has just cut dividends and I think there will always be volatility in its dividends because it is servicing the energy business.
Would I buy this company and Why.
I am still positive on this stock.  It services the energy business so it is no surprise that there is volatility in its earnings etc.
Why I bought this stock.
I decided to try out McCoy.  They had just restored their dividend.  I want to use it as a fuller stock in my TFSA account.
For me a fuller stock is one that uses up bits of extra money in an account.
Dividends
Dividends are paid quarterly in Cycle 3, which is March, June, September and December.  Dividends are paid between mid-month and the end of the month.
Dividends are declared for sharholders of one month and payble in that month or the next month.  For example, the dividend declared for Shareholders of record of March 28, 2014 was payble on April 14, 2014.  
However, the dividend payable to shareholders of record of June 6, 2014 was payble on June 20, 2014.
How they make their money.
McCoy Global Inc is a provider of equipment and technologies to support tubular running operations, enhance wellbore integrity and assist with collecting critical data for the global energy industry. 
Also, considered to be a tech stock by CanTech letter as it provides technologies for the oil and gas sector.
For most ratios, lower is better when looking for a good stock price.  However, there are exceptions such as for yield and asset/liability ratios and here you want a higher ratios to indicate a good stock price.  
Also, for the Operational Profit Margin, a higher percentage is better.  With the OPM, you should only compare companies in similar industries.
http://www.dailybuyselladviser.com/news/blank/McCoy_Corp1283-1.html 
Shares; '%, Value $M %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Change
Date 2016 May 5 2017 April 28 2018 May 5 2019 Apr 25 2020 May 1 2021 May 6 2022 May 6 2023 May 4 2024
Rakievich, James William 1.53% 0.514 1.86% 0.537 1.95% 0.572 2.07% 0.664 2.39% 0.700 2.48% 0.722 2.54% 0.885 3.28% 0.963 3.57% 8.79%
CEO - Shares - Amount $0.835 $0.715 $0.537 $0.343 $0.319 $0.462 $0.708 $1.842 $2.023
Options - percentage 1.99% 0.625 2.26% 0.625 2.27% 0.745 2.70% 0.685 2.46% 0.625 2.21% 0.745 2.62% 0.585 2.17% 0.528 1.96% -9.81%
Options - amount $1.084 $0.869 $0.625 $0.447 $0.329 $0.413 $0.730 $1.217 $1.108
McGill, Lindsay Marie 0.000 0.00% 0.022 0.08% 0.041 0.14% 0.053 0.19% 0.071 0.26% 0.082 0.30% showing no info 2019 15.27%
CFO - Shares - Amount $0.000 $0.010 $0.027 $0.052 $0.147 $0.171
Options - percentage 0.000 0.00% 0.000 0.00% 0.225 0.80% 0.290 1.02% 0.260 0.96% 0.244 0.90% -6.32%
Options - amount $0.000 $0.000 $0.149 $0.284 $0.541 $0.512
Coonan, Jacob George 0.08% 0.034 0.12% 0.046 0.17%
CFO - Shares - Amount $0.043 $0.047 $0.046
Options - percentage 1.44% 0.455 1.64% 0.455 1.66%
Options - amount $0.788 $0.632 $0.455
Deng, Bing 0.016 0.06% 0.068 0.25% 0.087 0.31% 0.099 0.35% 0.118 0.44% 0.138 0.51% 17.15%
Officer - Shares - Amount $0.010 $0.033 $0.057 $0.097 $0.245 $0.290
Options - percentage 0.336 1.22% 0.418 1.50% 0.400 1.42% 0.465 1.64% 0.435 1.61% 0.419 1.55% -3.78%
Options - amount $0.202 $0.201 $0.264 $0.456 $0.905 $0.879
Langier, Suzanne Therese 0.01% 0.010 0.03% 0.017 0.06% 0.031 0.11%
Officer - Shares - Amount $0.004 $0.013 $0.017 $0.019
Options - percentage 0.00% 0.300 1.08% 0.300 1.09% 0.386 1.40%
Options - amount $0.000 $0.417 $0.300 $0.232
Demuth, Katherine Lynne 0.000 0.00% 0.009 0.03% #DIV/0!
Director - Shares - Amount $0.000 $0.019
Options - percentage 0.057 0.21% 0.061 0.23% 7.18%
Options - amount $0.119 $0.128
Ryzhikov, Alexandre 0.000 0.00% 0.012 0.05% #DIV/0!
Director - Shares - Amount $0.000 $0.026
Options - percentage 0.253 0.94% 0.257 0.95% 1.62%
Options - amount $0.526 $0.540
Buker, Michael Leslie 0.000 0.00% 0.000 0.00% 0.000 0.00% #DIV/0!
Director - Shares - Amount $0.000 $0.000 $0.000
Options - percentage 0.082 0.29% 0.090 0.33% 0.090 0.33% 0.00%
Options - amount $0.080 $0.187 $0.188
Freeman, Terrance 0.000 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% Says Chairman 2023 #DIV/0!
Chairman - Shares - Amount $0.000 $0.000 $0.000 $0.000
Options - percentage 0.090 0.32% 0.102 0.36% 0.110 0.41% 0.117 0.43% 6.85%
Options - amount $0.060 $0.100 $0.228 $0.246
Seaver, Christopher Tiernan 2.74% 0.144 0.52% 0.144 0.52% 0.167 0.61% 0.335 1.21% 0.335 1.19% 0.335 1.18% #DIV/0!
Chairman - Shares - Amt $1.495 $0.200 $0.144 $0.100 $0.161 $0.221 $0.329
Options - percentage 0.09% 0.028 0.10% 0.033 0.12% 0.040 0.14% 0.051 0.19% 0.067 0.24% 0.078 0.28% #DIV/0!
Options - amount $0.047 $0.039 $0.033 $0.024 $0.025 $0.044 $0.077
Brown, Kerry William
Chairman - Shares - Amt
Options - percentage
Options - amount
Bangert, Daniel S.
Subsidiary Executives'
Options - percentage
Options - amount
re Morningstar Canada #DIV/0!
Burgundy Asset Management Ltd. sold 8.622 30.37% 0.000 0.00% holding 2,678,600  in 
10% holdings $8.449 $0.000 small cap May 2015
Cannell Capital LLC 2.852 10.04% 4.638 17.21% 3.463 12.85% Updated Jan 2024 -25.34%
10% holdings $2.795 $9.647 $7.272
Northern Plains Capital Ltd.
10% holdings
Glubish, Nathanael James last filled in 2013
10% holdings
Increase in O/S Shares 0.04% 0.000 0.00% 1.040 3.76% 0.563 2.05% 0.230 0.83% 0.172 0.62% 0.423 1.50% 0.193 0.68% 0.305 1.13% Average 0.95%
due to SO 2013 $0.021 $0.000 $1.446 $0.563 $0.138 $0.082 $0.279 $0.189 $0.634 Yes 0 for 2016, 2017
Book Value $0.035 $0.000 $0.249 $0.093 $0.126 $0.076 $0.281 $0.194 $0.382 probably non using
Insider Buying -$0.114 -$0.319 -$0.027 -$0.070 -$0.091 $0.000 $0.000 -$0.008 $0.000 Exercisable ones
Insider Selling $14.060 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000 $0.049 $0.000
Net Insider Selling $13.946 -$0.319 -$0.027 -$0.070 -$0.091 $0.000 $0.000 $0.042 $0.000 No activity 2021, 22
% of Market Cap 25.55% -0.83% -0.10% -0.42% -0.68% 0.00% 0.00% 0.07% 0.00%
Directors 7 5 6 7 7 7 6
Women 0% 0 0% 0 0% 0 0% 0 0% 0 0% 1 14% 1 17%
Minorities 0% 0 0% 0 0% 0 0% 0 0% 0 0% 0 0% 0 0%
Institutions/Holdings 62.24% 9 65.16% 3 26.90% 5 25.41% 5 35.76% 1 17.07% 5 21.23% 5 11.91%
Total Shares Held 62.24% 8.052 29.09% 7.394 26.76% 6.964 25.05% 35.760 128.62% 4.819 16.97% 6.053 22.46% 3.215 11.93%
Increase/Decrease -29.45% 0.200 2.55% -1.327 -15.22% -2.213 -24.11% 9.943 38.52% 0.000 0.00% -0.137 -2.21% 0.000 0.00%
Starting No. of Shares 7.852 8.721 9.177 25.817 Top 5 MS 4.819 Top 5 MS 6.189 Top 5 MS 3.215 Top 5 MS
HOLD ON TO THE REAL MCCOY
Editor Ryan Irvine was very pleased with McCoy Corp. (MCB- TSX, $3.91) and its results for both the fourth quarter and full year of 2011. And why not? McCoy turned out to be the real McCoy, handsomely beating earnings expectations. 
Indeed, the second and third quarters of 2011 were the two best quarters in the company’s history for revenue from continuing operations. The fourth quarter was equally good, while overall, 2011 was an exceptional year for McCoy,an oilfield services provider. 
Indeed, revenue topped $150 million, a figure not seen since oil andgas peaked in 2008. This was in spite of the company’s strategic divestitures of several divisions over the last two years — divisions that, in 2008, generated over $40 million in revenue. 
EBITDA (earnings before interest, taxes, depreciation and amortization) of $21.6 million and net earnings of $0.45 a share in 2011 also earned spots in the record books, as did rig counts, which surpassed their peak levels of 2008. 
The slippery spot for McCoy is its mobile solutions segment, which both designs and makes custom heavy-duty trailers and truck parts. This is where Mr. Irvine expects to see a decline in revenue and cash flow “in the range of 25-30 per cent, as capital spending is expected to pull back from record levels.” 
Off-setting this decline should be the company’s investment in new product development initiatives for its Drilling and completions business. There, the investment is expected to begin generating revenue (largely weighted towards the year-end), as well as provide additional growth opportunities for the long term. 
For Mr. Irvine, the company’s long-term outlook is positive. Yet, the cyclicality inherent in the industry “makes it necessary to take profits strategically as cash flow can suffer considerably in a downturn.” His recommendation for McCoy is a “hold” for both the near and long-term. 
Keystone’s Small-Cap Stock Report
555-15216 North Bluff Road, White Rock, B.C., V4B OA7
888)-277-8625, www.keystocks.com, $299 a year. 
Foundation Equity Corp.
Foundation Equity Corp. ("FEC") is a Venture Capital Investment Fund based in Edmonton, AB.  It was founded in 1991 by Kerry Brown to provide Canadian investors an opportunity
 to profit from indirect ownership in emerging, high-growth, private Canadian businesses. FEC has enjoyed extraordinary success over the past 18+ years, and currently holds interests
 in 11 businesses, 8 of which are owned through a 43% ownership stake in McCoy Corporation. FEC also has interests in a number of other emerging companies.
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