Monthly Archive: June 2017

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One last ride: a convoy fit for a beloved tow truck driver

They towed Bob DeWitt home on Friday.

A convoy of more than 20 trucks led the a procession to the funeral for longtime Fredericton tow truck operator, who died Tuesday. 

DeWitt, who owned Bob’s Towing Ltd., spent many years teaching and grooming other operators in the ropes of the business. 

He died after a long battle with leukemia.

bob dewitt funeral convoy

More than 20 tow trucks form a convey in honour of Bob DeWitt, whose funeral as Friday. (Nathalie Sturgeon/CBC )

Brent Dunphy, owner of Dunphy’s Towing, knew DeWitt his whole life and said the towing community will miss him.

“We’re gathering today to pay tribute to Bob’s towing because he’s touched everybody’s life in the towing industry at one time or another,” said Dunphy.

Dunphy described Dewitt as outgoing and kind but a tough man. 

“When I told him I wanted to get my class one driver’s licence, Bob said, ‘Come out to my business and you can do it there, no problem.’ So when I was doing my driving [instruction], Bob was always the first to come over and tell me what I was doing wrong.”

bob dewitt funeral convoy

Bob DeWitt died Tuesday after a battle with leukemia. He was 73. (Bishop’s Funeral Home)

DeWitt took Dunphy under his wing, allowing him to explore what he could do as a towing operator.

Tow truck operators came from Moncton and Miramichi as well to be apart of the convoy.

‘A hard working guy’

For John Carter, an organizer of the convoy and operator at AA towing, said that despite a fierce competition among towing companies in the city, operators will come together for the right reason.

“For these guys to come together like they did to support the family and give the respect they did was, for making the journey, it was really surprising, I was really happy with the outcome,” Carter said.

He said the other operators were acknowledging Carter’s commitment and his contribution to the towing community.

bob dewitt funeral convoy

Lloyd Munn, a retired tow truck operator who remembers being called to accidents with DeWitt, holds a photo of both of them out on a job. (Nathalie Sturgeon/CBC )

“Bob was a hard-working guy, really hard-working guy, hard to get along with at times but he always done the job,” said Carter. “He’s always poured out his life [for] the community, he’s always been around for people in need.”

30 years of experience

Discussion of memories could be heard over the hum of the large trucks, telling stories of DeWitt and his character. 

Retired tow truck operator Lloyd Munn held up an picture showing him and DeWitt going to an accident when the Jemseg bridge was being built.

He said there was an accident between a transport and a car and both he and DeWitt were called to help move the vehicles. The photo shows both Munn and DeWitt arms outstretched and smiles on both their faces.

Brian Clarke of Clarke’s towing said that DeWitt was there whenever anyone needed him.

“He was a good friend,” he said. “He would do anything for you, so that’s why I’m here today.”

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Investors Are Circling Hilton Grand Vacations Inc. (NYSE:HGV …

Hilton Grand Vacations Inc. (NYSE:HGV) currently has a current ratio of 7.25. The current ratio, which is also known as the working capital ratio, is a liquidity ratio that displays the proportion of current assets of a business relative to the current liabilities. The ratio is simply calculated by dividing current liabilities by current assets. The ratio may be used to provide an idea of the ability of a certain company to pay back its liabilities with assets. Typically, the higher the current ratio the better, as the company may be more capable of paying back its obligations and in turn a more healthy balance sheet.

Yield
The Q.i. Value of Hilton Grand Vacations Inc. (NYSE:HGV) is 26.00000.  The Q.i. Value is a helpful tool in determining if a company is undervalued or not.  The Q.i. Value is calculated using the following ratios: EBITDA Yield, Earnings Yield, FCF Yield, and Liquidity.  The lower the Q.i. value, the more undervalued the company is thought to be.  The Value Composite One (VC1) is a method that investors use to determine a company’s value.  The VC1 of Hilton Grand Vacations Inc. (NYSE:HGV) is 50.  A company with a value of 0 is thought to be an undervalued company, while a company with a value of 100 is considered an overvalued company.  The VC1 is calculated using the price to book value, price to sales, EBITDA to EV, price to cash flow, and price to earnings.  Similarly, the Value Composite Two (VC2) is calculated with the same ratios, but adds the Shareholder Yield.  The Value Composite Two of Hilton Grand Vacations Inc. (NYSE:HGV) is 51.

Volatility & Price
Stock volatility is a percentage that indicates whether a stock is a desirable purchase.  Investors look at the Volatility 12m to determine if a company has a low volatility percentage or not over the course of a year.  The Volatility 12m of Hilton Grand Vacations Inc. (NYSE:HGV) is 0.000000.  This is calculated by taking weekly log normal returns and standard deviation of the share price over one year annualized.  The lower the number, a company is thought to have low volatility.  The Volatility 3m is a similar percentage determined by the daily log normal returns and standard deviation of the share price over 3 months.  The Volatility 3m of Hilton Grand Vacations Inc. (NYSE:HGV) is 24.784400.  The Volatility 6m is the same, except measured over the course of six months.  The Volatility 6m is 25.287200.

We can now take a quick look at some historical stock price index data. Hilton Grand Vacations Inc. (NYSE:HGV) presently has a 10 month price index of 1.38815. The price index is calculated by dividing the current share price by the share price ten months ago. A ratio over one indicates an increase in share price over the period. A ratio lower than one shows that the price has decreased over that time period. Looking at some alternate time periods, the 12 month price index is 1.38815, the 24 month is 1.38815, and the 36 month is 1.38815. Narrowing in a bit closer, the 5 month price index is 1.26702, the 3 month is 1.25823, and the 1 month is currently 1.00610.

Key Metrics

The Piotroski F-Score is a scoring system between 1-9 that determines a firm’s financial strength.  The score helps determine if a company’s stock is valuable or not.  The Piotroski F-Score of Hilton Grand Vacations Inc. (NYSE:HGV) is 4.  A score of nine indicates a high value stock, while a score of one indicates a low value stock.  The score is calculated by the return on assets (ROA), Cash flow return on assets (CFROA), change in return of assets, and quality of earnings.  It is also calculated by a change in gearing or leverage, liquidity, and change in shares in issue.  The score is also determined by change in gross margin and change in asset turnover.

The ERP5 Rank is an investment tool that analysts use to discover undervalued companies.  The ERP5 looks at the Price to Book ratio, Earnings Yield, ROIC and 5 year average ROIC.  The ERP5 of Hilton Grand Vacations Inc. (NYSE:HGV) is 17165.  The lower the ERP5 rank, the more undervalued a company is thought to be. The MF Rank (aka the Magic Formula) is a formula that pinpoints a valuable company trading at a good price.  The formula is calculated by looking at companies that have a high earnings yield as well as a high return on invested capital.  The MF Rank of Hilton Grand Vacations Inc. (NYSE:HGV) is 2979.  A company with a low rank is considered a good company to invest in.  The Magic Formula was introduced in a book written by Joel Greenblatt, entitled, “The Little Book that Beats the Market”.

The Leverage Ratio of Hilton Grand Vacations Inc. (NYSE:HGV) is 0.579902.  Leverage ratio is the total debt of a company divided by total assets of the current and past year divided by two.  Companies take on debt to finance their day to day operations.  The leverage ratio can measure how much of a company’s capital comes from debt.  With this ratio, investors can better estimate how well a company will be able to pay their long and short term financial obligations.

C-Score
Hilton Grand Vacations Inc. (NYSE:HGV) currently has a Montier C-score of 4.00000. This indicator was developed by James Montier in an attempt to identify firms that were cooking the books in order to appear better on paper. The score ranges from zero to six where a 0 would indicate no evidence of book cooking, and a 6 would indicate a high likelihood. A C-score of -1 would indicate that there is not enough information available to calculate the score. Montier used six inputs in the calculation. These inputs included a growing difference between net income and cash flow from operations, increasing receivable days, growing day’s sales of inventory, increasing other current assets, decrease in depreciation relative to gross property plant and equipment, and high total asset growth.

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Investors Are Circling Hilton Grand Vacations Inc. (NYSE:HGV), What Do the Numbers Tell Us?

Hilton Grand Vacations Inc. (NYSE:HGV) currently has a current ratio of 7.25. The current ratio, which is also known as the working capital ratio, is a liquidity ratio that displays the proportion of current assets of a business relative to the current liabilities. The ratio is simply calculated by dividing current liabilities by current assets. The ratio may be used to provide an idea of the ability of a certain company to pay back its liabilities with assets. Typically, the higher the current ratio the better, as the company may be more capable of paying back its obligations and in turn a more healthy balance sheet.

Yield
The Q.i. Value of Hilton Grand Vacations Inc. (NYSE:HGV) is 26.00000.  The Q.i. Value is a helpful tool in determining if a company is undervalued or not.  The Q.i. Value is calculated using the following ratios: EBITDA Yield, Earnings Yield, FCF Yield, and Liquidity.  The lower the Q.i. value, the more undervalued the company is thought to be.  The Value Composite One (VC1) is a method that investors use to determine a company’s value.  The VC1 of Hilton Grand Vacations Inc. (NYSE:HGV) is 50.  A company with a value of 0 is thought to be an undervalued company, while a company with a value of 100 is considered an overvalued company.  The VC1 is calculated using the price to book value, price to sales, EBITDA to EV, price to cash flow, and price to earnings.  Similarly, the Value Composite Two (VC2) is calculated with the same ratios, but adds the Shareholder Yield.  The Value Composite Two of Hilton Grand Vacations Inc. (NYSE:HGV) is 51.

Volatility & Price
Stock volatility is a percentage that indicates whether a stock is a desirable purchase.  Investors look at the Volatility 12m to determine if a company has a low volatility percentage or not over the course of a year.  The Volatility 12m of Hilton Grand Vacations Inc. (NYSE:HGV) is 0.000000.  This is calculated by taking weekly log normal returns and standard deviation of the share price over one year annualized.  The lower the number, a company is thought to have low volatility.  The Volatility 3m is a similar percentage determined by the daily log normal returns and standard deviation of the share price over 3 months.  The Volatility 3m of Hilton Grand Vacations Inc. (NYSE:HGV) is 24.784400.  The Volatility 6m is the same, except measured over the course of six months.  The Volatility 6m is 25.287200.

We can now take a quick look at some historical stock price index data. Hilton Grand Vacations Inc. (NYSE:HGV) presently has a 10 month price index of 1.38815. The price index is calculated by dividing the current share price by the share price ten months ago. A ratio over one indicates an increase in share price over the period. A ratio lower than one shows that the price has decreased over that time period. Looking at some alternate time periods, the 12 month price index is 1.38815, the 24 month is 1.38815, and the 36 month is 1.38815. Narrowing in a bit closer, the 5 month price index is 1.26702, the 3 month is 1.25823, and the 1 month is currently 1.00610.

Key Metrics

The Piotroski F-Score is a scoring system between 1-9 that determines a firm’s financial strength.  The score helps determine if a company’s stock is valuable or not.  The Piotroski F-Score of Hilton Grand Vacations Inc. (NYSE:HGV) is 4.  A score of nine indicates a high value stock, while a score of one indicates a low value stock.  The score is calculated by the return on assets (ROA), Cash flow return on assets (CFROA), change in return of assets, and quality of earnings.  It is also calculated by a change in gearing or leverage, liquidity, and change in shares in issue.  The score is also determined by change in gross margin and change in asset turnover.

The ERP5 Rank is an investment tool that analysts use to discover undervalued companies.  The ERP5 looks at the Price to Book ratio, Earnings Yield, ROIC and 5 year average ROIC.  The ERP5 of Hilton Grand Vacations Inc. (NYSE:HGV) is 17165.  The lower the ERP5 rank, the more undervalued a company is thought to be. The MF Rank (aka the Magic Formula) is a formula that pinpoints a valuable company trading at a good price.  The formula is calculated by looking at companies that have a high earnings yield as well as a high return on invested capital.  The MF Rank of Hilton Grand Vacations Inc. (NYSE:HGV) is 2979.  A company with a low rank is considered a good company to invest in.  The Magic Formula was introduced in a book written by Joel Greenblatt, entitled, “The Little Book that Beats the Market”.

The Leverage Ratio of Hilton Grand Vacations Inc. (NYSE:HGV) is 0.579902.  Leverage ratio is the total debt of a company divided by total assets of the current and past year divided by two.  Companies take on debt to finance their day to day operations.  The leverage ratio can measure how much of a company’s capital comes from debt.  With this ratio, investors can better estimate how well a company will be able to pay their long and short term financial obligations.

C-Score
Hilton Grand Vacations Inc. (NYSE:HGV) currently has a Montier C-score of 4.00000. This indicator was developed by James Montier in an attempt to identify firms that were cooking the books in order to appear better on paper. The score ranges from zero to six where a 0 would indicate no evidence of book cooking, and a 6 would indicate a high likelihood. A C-score of -1 would indicate that there is not enough information available to calculate the score. Montier used six inputs in the calculation. These inputs included a growing difference between net income and cash flow from operations, increasing receivable days, growing day’s sales of inventory, increasing other current assets, decrease in depreciation relative to gross property plant and equipment, and high total asset growth.