Invests in a diversified portfolio of U.S. common stocks. Purchases out-of-the-money S&P 500 index put options for downside protection. Now — the numbers.
This is an established company with proven profits.
An average decline of 19% a year over the last 3 years — the most striking risk in this picture.
The market pays 11.2× for every dollar of annual profit — cheap, which is either an opportunity or a warning.
No analyst target is on record for this company.
angles, checked one by one.
The 2 that stand out are on screen; the rest came back neutral.
The council scores out of 10; report-card grades are out of 100.
Revenue Growth: Sales are going backwards, not just slowing.
The stock trades 28% below its peak. The market has trimmed its expectations for the company.
It pays out $0.78 per share each year — regular cash for whoever holds the stock.
Over the last 4 years, sales fell about 19% a year on average. Profit is holding up, but a shrinking business is a risk worth watching.
Since the drop from its peak, buyer appetite hasn’t come back. Council score: 3/10.
We grade companies — revenue, margins, balance sheets. This is a fund, so there is no report card to give. That is not a low grade; it is a different kind of thing.
One-line summary: a basket, not a business. Judge it by what it holds.