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wmg, golf, ely, lvb, bc, ek, Leisure and Recreation Stocks 300.00% overvalued

^{Published on 2011-03-14 10:10:53 - WOPRAI}
 

March 14, 2011/ M2 PRESSWIRE / BUYINS.NET / http://www.squeezetrigger.com is monitoring the Leisure and Recreation sector and these stocks are the most undervalued as of today. WARNER MUSIC GROUP CORP (NYSE:wmg), GOLFSMITH INTERNATIONAL HOLD (NASDAQ:golf), CALLAWAY GOLF COMPANY (NYSE:ely), STEINWAY MUSICAL INSTRUMENTS (NYSE:lvb), BRUNSWICK CORP (NYSE:bc), EASTMAN KODAK CO (NYSE:ek) are all expected to go Down as they are overvalued according to industry standard valuation metrics. The valuation model employs a three-factor approach to stock valuation using fundamental variables--the company's trailing 12-month Earnings-Per-Share (EPS), the analyst consensus estimate of the company's forecasted 12-month EPS, and the 30-year Treasury yield--to create a highly accurate reflection of a company's fair value.

The chart below displays the projected Fair Value and Valuation discount/premium of the most undervalued stocks in the highlighted industry group:

     Symbol     Company Name                        Last Close     Fair Value     Valuation                   Industry               
     wmg        WARNER MUSIC GROUP CORP             5.47           1.37           300.00% overvalued          Leisure and Recreation 
     golf       GOLFSMITH INTERNATIONAL HOLD        4.04           2.08           93.88% overvalued           Leisure and Recreation 
     ely        CALLAWAY GOLF COMPANY               7.64           7.43           2.88% overvalued            Leisure and Recreation 
     lvb        STEINWAY MUSICAL INSTRUMENTS        21.08          15.17          38.95% overvalued           Leisure and Recreation 
     bc         BRUNSWICK CORP                      23.6           18.07          30.63% overvalued           Leisure and Recreation 
     ek         EASTMAN KODAK CO                    3.12           2.23           40.20% overvalued           Leisure and Recreation 

Here are some of the variables that are utilized when calculating the Fair Market Valuation of a stock: Long-run EPS growth rate, Duration of Business-growth-cycle, Volatility of EPS growth rate, Systematic or beta risk of the firm, Correlation between the firm's EPS and the interest rate environment, EPS growth volatility, Dividend payout ratio, Buffer earnings, Interest rate related criteria: Interest rate (30 year yield) long-run level, Duration of interest rate cycle, Interest rate volatility. The Fair Market Valuation uses 12-month historic and forecasted EPS values and the current 30-year treasury yield as primary determinants. When calculating risk/return values such as the Sharpe ratio, the historic periods used are five years.

Some expected results of the Valuation Model are: the valuation of a stock increases in a declining interest rate environment. Increasing current and/or projected EPS will produce a higher Valuation. While long-term EPS growth would produce a corresponding long-term Valuation increase, concomitant long-term interest rate increases would offset EPS growth and depress the Valuation. The shorter a company's own business cycle, the higher its stock Valuation will be.

WARNER MUSIC GROUP CORP (NYSE:wmg) - Warner Music Group Corp., a music content company, provides recorded music and music publishing services worldwide. The companys Recorded Music segment involves in the discovery and development of artists; and related marketing, distribution, and licensing of recorded music produced by such artists. This segment also markets its music catalog through compilations and reissuances of previously released music and video titles, as well as licenses recordings to and from third parties for various uses, including film and television soundtracks. In addition, this segment markets, sells, and licenses recorded music in various physical formats, such as compact discs, cassettes, LPs, and digital versatile discs (DVDs); and various digital formats, such as downloads and ringtones. The companys collection of music record labels include Asylum, Atlantic, Bad Boy, Cordless, East West, Elektra, Nonesuch, Reprise, Rhino, Roadrunner, Rykodisc, Sire, Warner Bros., and Word. Its Music Publishing segment owns and acquires rights to musical compositions, markets these compositions, and receives royalties or fees for their use. This segment owns or controls rights to approximately one million musical compositions, including various pop hits, American standards, folk songs, and motion picture and theatrical compositions. In addition, its music catalog includes approximately 65,000 songwriters and composers; and a range of genres, including pop, rock, jazz, country, R&B, hip-hop, rap, reggae, Latin, folk, blues, symphonic, soul, Broadway, techno, alternative, gospel, and other Christian music. Further, this segment administers the music and soundtracks of various third-party television and film producers and studios. The company markets and sells its music and DVD products to retailers and wholesale distributors. Warner Music Group Corp. was founded in 1929 and is headquartered in New York, New York.

GOLFSMITH INTERNATIONAL HOLD (NASDAQ:golf) - Golfsmith International Holdings, Inc., through its subsidiary, Golfsmith International, Inc., operates as a specialty retailer of golf and tennis equipment, apparel, footwear, and accessories. Its stores offer branded clubs, balls, apparel, and accessories, as well as its proprietary-branded products, including Clubmaker, Golfsmith, Killer Bee, J.G.Hickory, Lynx, Profinity, Snake Eyes, TourTrek, XPC, Zevo, Maggie Lane, and ZTech. The companys stores also provide club components, club making tools, supplies and on-site club making, custom club-fitting, and club repair services, as well as tennis equipment, and tennis racquet maintenance and repair services. In addition, Golfsmith International Holdings develops and promotes proprietary merchandise, including clubs, club components, apparel, golf bags and covers, pull and push carts, shoes, furnishings, accessories, training aids, and gifts. As of January 2, 2010, it operated 74 stores in Alabama, Arizona, California, Colorado, Connecticut, Florida, Georgia, Illinois, Indiana, Michigan, Minnesota, New Jersey, New York, Ohio, North Carolina, Oregon, Pennsylvania, Tennessee, and Texas. Golfsmith International Holdings also offers its products through catalog and Internet sales. The company was founded in 1967 and is headquartered in Austin, Texas.

CALLAWAY GOLF COMPANY (NYSE:ely) - Callaway Golf Company, together with its subsidiaries, designs, manufactures, and sells golf clubs and golf balls in the United States and internationally. Its golf clubs product line includes drivers, fairway woods, hybrids, irons, wedges, putters. The company also sells golf accessories, such as GPS range finders, bags, gloves, footwear, apparel, headwear, eyewear, towels, and umbrellas. Callaway Golf Company markets its products primarily under the Callaway, Odyssey, Top-Flite, Ben Hogan, and uPro brand names. It sells its golf ball products under the Callaway Golf and Top-Flite brands. The company also licenses its trademarks and service marks in exchange for a royalty fee to third parties for use on products, such as golf and lifestyle products, such as apparel, watches, rangefinders, practice aids, and travel gear. Callaway Golf Company primarily serves on- and off-course golf retailers and sporting goods retailers, as well as mass merchants. It markets its products directly and as well as through third-party distributors. The company also sells golf and lifestyle apparel and golf-related accessories, as well as certified pre-owned Callaway golf products, through its Websites, callawaygolfpreowned.com and callawaygolfoutlet.com; and golf products through its Web site, Shop.CallawayGolf.com. Callaway Golf Company was founded in 1982 and is based in Carlsbad, California.

STEINWAY MUSICAL INSTRUMENTS (NYSE:lvb) - Steinway Musical Instruments, Inc. designs, manufactures, markets, and distributes musical instruments in the United States and internationally. The company operates through two segments: Pianos, and Band & Orchestral Instruments. The Pianos segment offers pianos under Steinway & Sons, Boston, and Essex brands; and engages in online music retailing business. It sells its products to professional artists, amateur pianists, and institutions in the United States, China, Germany, Austria, Switzerland, the United Kingdom, France, and Italy. This segment distributes its pianos through independent dealers. As of December 31, 2009, it operated six retail showrooms in the United States and five retail showrooms in Europe. The Band & Orchestral Instruments segment manufactures and sells piccolos, flutes, clarinets, oboes, bassoons, trumpets, French horns, tubas, and trombones, as well as intermediate and professional level woodwind and brass instruments under Bach, Selmer, Selmer Paris, C.G. Conn, Leblanc, King, Armstrong, Holton, Yanagisawa, Vito, Emerson, Avanti, Noblet, Artley, and Benge brands; distributes saxophones, clarinets, and trumpets; manufactures and distributes acoustical and tuned percussion instruments, including outfit/marching/concert drums, orchestra bells, and chimes; distributes violins, violas, cellos, and basses under Glaesel, Scherl & Roth, and William Lewis & Son brands; and manufactures mouthpieces and distributes accessories, such as music stands, batons, mallets, mutes, reeds, pads, chin rests, strings, bows, cases, and instrument care products. This segment sells its products to students, amateur and professional musicians, and institutions in the United States, Europe, Japan, and Canada. It sells its products through independent musical instrument dealers and distributors in Europe, Latin America, Asia, and internationally. The company, formerly known as Selmer Industries, Inc., was founded in 1993 and is based in Waltham, Massachusetts.

BRUNSWICK CORP (NYSE:bc) - Brunswick Corporation provides recreation products worldwide. Its Marine Engine segment offers sterndrive propulsion systems, and inboard and outboard engines under the Mercury, Mercury MerCruiser, Mariner, Mercury Racing, Mercury SportJet, Mercury Jet Drive, MotorGuide, Axius, Zeus, and MerCruiser 360 brand names, as well as marine parts and accessories under the Quicksilver, Mercury Precision Parts, Mercury Propellers, Attwood, Land N Sea, Benrock, Kellogg Marine, Diversified Marine Products, Sea Choice, and MotorGuide brand names. The companys Boat segment manufactures luxury sportfishing convertibles and motoryachts under Cabo and Hatteras brands; yachts, sport yachts, sport cruisers, and runabouts under Sea Ray brand; sport cruisers and runabouts under Bayliner brand; motoryachts under Meridian brand; yachts and sport cruisers under Sealine brand; fiberglass fishing boats under Boston Whaler, Lund, Triton, and Trophy brands; aluminum fishing, utility, pontoon, and deck boats under Crestliner, Cypress Cay, Harris, Lowe, Lund, Princecraft, and Triton brands. Brunswicks Fitness segment provides cardiovascular fitness equipment, such as treadmills, total body cross-trainers, stair climbers, and stationary exercise bicycles; and strength-training equipment under the Life Fitness and Hammer Strength brands. Its Bowling and Billiards segment produces bowling products, such as bowling balls and capital equipment; bowling pins and bowling consumer products; and consumer billiards tables, Air Hockey table games, foosball tables, and related accessories. As of December 31, 2009, it had 100 bowling centers. Brunswick serves primarily the state/local/foreign governments; independent boat builders; health clubs; fitness facilities operated by professional sports teams; the military; governmental agencies; corporations; hotels; schools; and universities. The company was founded in 1844 and is headquartered in Lake Forest, Illinois.

EASTMAN KODAK CO (NYSE:ek) - Eastman Kodak Company provides imaging technology products and services to the photographic and graphic communications markets worldwide. It operates in three segments: Consumer Digital Imaging Group (CDG); Film, Photofinishing, and Entertainment Group (FPEG); and Graphic Communications Group (GCG). The CDG segment offers consumer digital capture and devices, including digital still and pocket video cameras, digital picture frames, imaging essentials, accessories, memory products, snapshot printers and related media; retail kiosks and consumables, consumer and retailer software workflows, remote business monitoring, retail store merchandising and identity programs, and after sale service and support; imaging sensors; and all-in-one inkjet printers. It also provides online merchandise and sharing services. The FPEG segment comprises traditional photographic products and services, including paper, film, and chemistry used for consumer, professional, and industrial imaging applications, as well as those products and services used in the creation of motion pictures. It manufactures and markets motion picture, consumer, professional, industrial, and aerial films; one-time-use cameras; photographic paper and photo chemicals; and industrial components. The GCG segment provides digital and traditional prepress equipment and consumables, including plates, chemistry, and media; workflow software and digital controller development; color, and black and white electrophotographic equipment and consumables; commercial inkjet printing systems; production and workgroup document scanners; and micrographic peripherals and media. It also provides imaging services; and maintenance and professional services for other manufacturers products. This segment serves various customers in the creative, in-plant, data center, commercial printing, packaging, newspaper, and digital service bureau market segments. The company was founded in 1880 and is headquartered in Rochester, New York.

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