NASDAQ:PALM
$9.44
(2/9 2:48PM)
-4.1%
| Open | $10.02 |
Mkt Cap | $1.6 Billion |
| High | $10.2 |
52Wk High | $18.09 |
| Low | $9.35 |
52Wk Low | $5.85 |
| Volume | 13.0 Million |
Avg Vol 10D | 11.6 Million |
A Word Of Caution
Palm, Incorporated (PALM) has experienced a very significant loss in market value recently. Clearly this drop in price will have an impact on the valuation but the recent events that caused the drop may have not been fully factored into our analysis yet. When a stock loses value very quickly it could be a sign that there is a fear of bankruptcy.
Please take a look at the RazorWire feed on the right hand side of the page. If Palm, Inc. has been mentioned on business television or influential blogs recently a portion of that story should be displayed. This should help bring you up to speed on any major issues they are facing right now.
Of course, you may proceed to review our research report for this security, but please be aware that our model may not reflect significant factors surrounding this company.
Therefore, (and as always), check additional sources and available information regarding PALM before making an investment decision.
Ockham's Rating/Recommendation Summary
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PALM Revenue
As a value investing shop, we are interested in seeing how PALM's revenues measure up against past performances. One easily understandable way of doing that is to compare Price to Sales per share levels over a given time frame. Assuming it is available, Ockham prefers to look at ten years of history (for this stock there are 10 years of history available) and we weigh recent years more heavily. This allows us to find weighted average historical high and low Price to Sales ratios, which give us a better idea of the stock's current underlying value. Using this method, we have established a high range for Price to Sales of 2.09x and the low end of the range at 0.57x.
With respect to these historically rational metrics, notice that the current Price to Sales per share ratio for PALM of 0.63x is well below its normal historic Price to Sales levels. At a price of $10.38, PALM is 53% below where we would expect to see it. Clearly, this stock looks undervalued compared to historical levels, at least on a Price to Sales basis. This will positively affect our analysis because it is rare to find a stock this far below historical norms, and we would expect some price appreciation to bring this metric back towards a more normal range.
PALM Cash Earnings
PALM is not forecasted to produce positive Cash Earnings this year, based on recent performance. This is not a positive situation, as we would always prefer that a company is producing cash every year. However, it is important to recognize that not all companies or types of companies have the goal of producing positive Cash Earnings either early in their business cycle or following significant turnaround changes. When looking at PALM, we hesitate to be overly negative on the company, but it is of concern that the company is not profitable at this time.
Let's face it, companies cannot remain unprofitable for very long before a change has to be made. This could mean further restructuring or corporate event such as selling assets or spinning off divisions, at any rate a company with negative cash flows is not one that often makes a great investment unless you can acquire it at an extremely depressed price.
PALM Dividends
A strong dividend payment history is looked upon as a favorable characteristic on a company’s future and potentially can receive a positive Ockham rating. That being said, we don't require dividend payments for company's whose management has elected to forgo them entirely. Although they may currently pay a dividend, our data source has no historical record of it for PALM. Since we cannot apply our historical trend analysis to dividends for PALM we have a neutral score for the dividend portion of our analysis.
Mad Money Has the Latest News on PALM
The latest news on Mad Money in regards to PALM came through on RazorWire recently.
The latest news on PALM has created quite a stir as the stock is trading $1.33 higher in today's session. We noticed recently that in comparison to all other stocks we analyze in the news; PALM has received less coverage from the financial media in business television and blogs. While bearish sentiment on a stock is not always a bad thing, it is something you need to be aware of. The Motley Fool survey of crowd sentiment shows that many investors believe this stock will underperform. Palm, Incorporated received our Fairly Valued rating in our latest report because the price at the time of the report of $10.03 did not seem out of line with the fundamentals. The price has risen since then and all other things being equal that makes PALM less attractive.
“… Frannie has the PALM PRE,which runs multiple apps at the same time. Frannie! Oh! [ male announcer ] james, the jet-setter, can callfrom just about anywhere in the worldwith the ... …”
See Why Palm, Incorporated News Was Discussed on Closing Bell
The latest news from Closing Bell on PALM is available through Ockham's news analytics platform RazorWire.
Interestingly, overall sentiment looks bearish according to the Motley Fool's CAPS survey, as most of their users see Palm, Incorporated underperforming. The Ockham valuation currently has a Fairly Valued stance on PALM because it trades within the price range that we would expect given current market conditions and fundamentals. When taking into account the amount of news coverage each stock normally sees as a percentage of the total, Palm, Incorporated has actually sunk a bit in comparison to the others.
“… Frannie has the PALM PRE,which runs multiple apps at the same time. Frannie! Oh! [ male announcer ] james, the jet-setter, can callfrom just about anywhere in the worldwith the ... …”
Palm, Incorporated News is Being Covered Right Now on Fast Money
Staying informed on the news is invaluable for investors, and RazorWire has captured a recently discussion on PALM from Fast Money.
The Ockham valuation currently has a Fairly Valued stance on PALM because it trades within the price range that we would expect given current market conditions and fundamentals. Take notice of the news on this stock because it is up $0.80 since the close of trading yesterday. Interestingly, overall sentiment looks bearish according to the Motley Fool's CAPS survey, as most of their users see Palm, Incorporated underperforming. When taking into account the amount of news coverage each stock normally sees as a percentage of the total, Palm, Incorporated has actually sunk a bit in comparison to the others.
“… Frannie has the PALM PRE,which runs multiple apps at the same time. Frannie! Oh! [ male announcer ] james, the jet-setter, can callfrom just about anywhere in the worldwith the ... …”
Fast Money: What is Happening with Palm, Incorporated Now?
As always, the latest news on PALM is available to Ockham clients through RazorWire, and it was mentioned recently on Fast Money.
When taking into account the amount of news coverage each stock normally sees as a percentage of the total, Palm, Incorporated has actually sunk a bit in comparison to the others. Take notice of the news on this stock because it is up $0.68 since the close of trading yesterday. The Ockham valuation currently has a Fairly Valued stance on PALM because it trades within the price range that we would expect given current market conditions and fundamentals. Interestingly, overall sentiment looks bearish according to the Motley Fool's CAPS survey, as most of their users see Palm, Incorporated underperforming.
“… Then came PALM PRE versus droid now another is brewing. Two smartphones enter, only one will lead. We have the winning trade right after this. . …”
Stay Current on PALM's News on Fast Money
News has broken via the television and viral blogs regarding PALM, so investors should take an interest in learning what was said.
When taking into account the amount of news coverage each stock normally sees as a percentage of the total, Palm, Incorporated has actually sunk a bit in comparison to the others. Interestingly, overall sentiment looks bearish according to the Motley Fool's CAPS survey, as most of their users see Palm, Incorporated underperforming. The Ockham valuation currently has a Fairly Valued stance on PALM because it trades within the price range that we would expect given current market conditions and fundamentals.
“… Stock was $2, started going higher just into the PALM PRE and everybody got all the excitement and faded back. At $18 it made sense. At $10 they start to become attractive ... …”
PALM News Mentioned on Countdown to the Closing Bell Recently
Staying informed on the news is invaluable for investors, and RazorWire has captured a recently discussion on PALM from Countdown to the Closing Bell.
Palm, Incorporated receives our Fairly Valued rating in our latest report because the current price does not seem out of line with the fundamentals. We noticed recently that in comparison to all other stocks we analyze in the news; PALM has received less coverage from the financial media in business television and blogs. While bearish sentiment on a stock is not always a bad thing, it is something you need to be aware of. The Motley Fool survey of crowd sentiment shows that many investors believe this stock will underperform.
“… If this with goerring hurt anybody it might have been palm with the PALM PRE and the pixy. But look palm is up two and a quarter percent. …”
PALM News Mentioned on The Call Recently
The latest news from business television and influential blogs is always available through Ockham's RazorWire, and this news is in relation to Palm, Incorporated.
Interestingly, overall sentiment looks bearish according to the Motley Fool's CAPS survey, as most of their users see Palm, Incorporated underperforming. Investors are headed for the exit following today's news as the stock is trading down $1.61. When taking into account the amount of news coverage each stock normally sees as a percentage of the total, Palm, Incorporated has actually sunk a bit in comparison to the others. The Ockham valuation currently has a Fairly Valued stance on PALM because it trades within the price range that we would expect given current market conditions and fundamentals. Considering this stock's recent -14.8% decline, we may become more bullish coming into next week's report as long as the fundamentals remain roughly unchanged.
“… Frannie has the PALM PRE,which runs multiple apps at the same time. Frannie! Oh! [ male announcer ] james, the jet-setter, can callfrom just about anywhere in the worldwith the ... …”
Palm, Incorporated Was Talked About by Squawk Box
Palm, Incorporated is one of the thousands of companies that Ockham has news analytics on, and it was recently discussed on Squawk Box.
As we analyze the results from RazorWire, one thing we do is rank each stock in terms of amount of news coverage. Recently, PALM has been less covered in the news compared to the rest of our universe of stocks. After factoring in the current fundamentals versus their historically normal ranges, we have established a Fairly Valued stance on PALM. But we have noted the recent price declines that make this stock more attractive to value minded investors. The crowd at The Motley Fool does not like PALM and believes that it will Underperform. Please be aware that PALM is trading off $1.16 today, and is clearly being affected by the latest news.
“… Frannie has the PALM PRE,which runs multiple apps at the same time. Frannie! Oh! [ male announcer ] james, the jet-setter, can callfrom just about anywhere in the worldwith the ... …”
Closing Bell Discussed the Latest Development of Palm, Incorporated
The latest news from Closing Bell on PALM is available through Ockham's news analytics platform RazorWire.
Investors are headed for the exit following today's news as the stock is trading down $1.21. The Ockham valuation currently has a Fairly Valued stance on PALM because it trades within the price range that we would expect given current market conditions and fundamentals. Considering this stock's recent -11.4% decline, we may become more bullish coming into next week's report as long as the fundamentals remain roughly unchanged. Interestingly, overall sentiment looks bearish according to the Motley Fool's CAPS survey, as most of their users see Palm, Incorporated underperforming. When taking into account the amount of news coverage each stock normally sees as a percentage of the total, Palm, Incorporated has actually sunk a bit in comparison to the others.
“… Frannie has the PALM PRE,which runs multiple apps at the same time. Frannie! Oh! [ male announcer ] james, the jet-setter, can callfrom just about anywhere in the worldwith the ... …”
News Breaking on Palm, Incorporated on Happy Hour
News has broken via the television and viral blogs regarding PALM, so investors should take an interest in learning what was said.
As we analyze the results from RazorWire, one thing we do is rank each stock in terms of amount of news coverage. Recently, PALM has been less covered in the news compared to the rest of our universe of stocks. Please be aware that PALM is trading off $0.78 today, and is clearly being affected by the latest news. The crowd at The Motley Fool does not like PALM and believes that it will Underperform. After factoring in the current fundamentals versus their historically normal ranges, we have established a Fairly Valued stance on PALM.
“… droid. >> PALM PRE, none of them measure up to what apple is able to do in smartphone space because of iphone experience. …”