"The future is never clear, and you pay a very high price in the stock market for a cheery consensus. Uncertainty is the friend of the buyer of long-term values." Warren BUFFETT	Donate with Paypal
- U.S.A. - Canada - U.K. - France - Germany - Japan - Hong-Kong	ERICSSON - - Nasdaq 100 - Communications Equipment Telefonaktiebolaget LM Ericsson (Ericsson) is a supplier of network equipment and related services to telecom operators. The Company offers a portfolio of telecommunication and data communication systems, multimedia solutions and professional services, covering a range of technologies. MARGIN OF SAFETY of ERICSSON : 117.55 % The Margin of Safety of ERICSSON is OK (>50%). How is the Margin of Safety calculated ? QUALITY : Conservative Investors : Enterprising Investors : What are the Stars ? FORUMS VISIT ERICSSON FORUM ! Alerts : STOP at : 10.97 USD on : 8/25/2008 STOP at : 10.64 USD on : 7/2/2008 STOP at : 24.81 USD on : 6/9/2008 STOP at : 25.5 USD on : 02/05/2008 STOP at : 29.13 USD on : 10/15/2007 STOP at : 29.13 USD on : 10/15/2007 What are the alerts ? Price over 1 year : PRICE, INTRINSIC VALUE & MARGIN OF SAFETY based on GRAHAM's FORMULA What is the Graham's Formula ? ERICSSON price is : (as of 5/21/2009) USD Current Earnings per Share (2007 est.) are : USD Estimated Long Term Growth (% per Year) is : % INTRINSIC VALUE = 0.49 x (8.5 + 2 x 14.93) = 18.80 USD MARGIN OF SAFETY = (18.80 - 8.64 ) / 8.64 = 117.55 % (OK) How is Long Term Growth estimated for ERICSSON ? Historical analysis for ERICSSON - See detail QUALITATIVE FILTERS FOR ERICSSON What are the Stars ? DEFENSIVE ENTERPRISING COMPANY SIZE (MKT CAP. Mls $) Very Large 28,625 mls.$ OK The company's Market cap. is above 5000 millions dollars - FINANCIAL CONDITION Current Ratio 1.91 The current ratio is under 2 The current ratio is above 1.5 LT Debt/Net Curr. Assets 0.26 The LTdebt/current assets ratio is under 1 The LTdebt/current assets ratio is under 1.1 EARNINGS STABILITY Losses / 10 - 5 Years 3 / 0 Some losses in the past ten years No losses in the past five years DIVIDENDS Years of Dividends 2 Less than 15 years of dividend in the past 15 years Current dividends paid EARNINGS GROWTH Growth 10-5 Years -3% / na% Total Earnings growth under 33% for the past 10 years Last year earnings under earnings 5 years ago VALUATION P.E. x P/Book 26.27 P.E. x P/Book is above 22.5 P/Book is above 1.20 P.E. 17.6 NO PE is above 15 - P/Book 1.49 OK P/Book is under 1.5 NO P/Book is above 1.2 ERICSSON - Competitors for Communications Equipment   STOCK QUALITY Conservative Investors MARGIN OF SAFETY Long Term Growth Price / Earnings   SH Potevio - China Shangaï-B Communications Equipment MARGIN OF SAFETY : 999.99 % Long Term Growth : 7.95 % Price / Earnings : 1.8 x 0.46 / 0.26 = Aastra Tech - Canada SP/TSX Comp. 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Nasdaq 100 Communications Equipment MARGIN OF SAFETY : 0.00 % Long Term Growth : 0.00 % Price / Earnings : 23.3 x 5.13 / 0.22 = Tel Res Services - France Next Economy Communications Equipment MARGIN OF SAFETY : 0.00 % Long Term Growth : 0.00 % Price / Earnings : 2.4 x 1.44 / 0.59 = Wavecom - France Mid&Small 190 Communications Equipment MARGIN OF SAFETY : 0.00 % Long Term Growth : 0.00 % Price / Earnings : 211.5 x 8.46 / 0.04 = Zenitel NV - Belgium Next Economy Communications Equipment MARGIN OF SAFETY : 0.00 % Long Term Growth : 0.00 % Price / Earnings : -1.1 x 0.49 / -0.44 = Radiall - France Mid&Small 190 Communications Equipment MARGIN OF SAFETY : -28.24 % Long Term Growth : 11.19 % Price / Earnings : 43.0 x 40.03 / 0.93 =