Consumer Staples-Small Companies SharpPlot version is 2.43 Paint the paper ===== Border ===== Region ===== X-Axis Ticks ===== X-Axis tickmarks Y-Axis Ticks ===== Y-Axis tickmarks Axes ===== Y-axis labels 1 1.5 2 3 for X-axis labels 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 Heading, subheading and footnotes ===== Heading Consumer Staples-Small Companies Subheading Gross Profit Margin vs Stock Price Index Footnotes Comment Start of Line Chart =========== Points follow ... Line Y-Axis Ticks ===== Y-Axis tickmarks Axes ===== Y-axis labels 20 25 30 35 40 45 50 55 Start of Line Chart =========== Points follow ... Line bump key Key ===== Key - Line Key - Line Price Index Gross Profit Margin Consumer Staples-Small Companies Index

Monday, December 4, 2017: The share price index of the Consumer Staples-Small Companies Index has declined by 14% relative to the Otos Total Market index since the April, 2017 high. Current relative price to sales is near the lowest level in the record of the Index.

Last week the share price index of the Consumer Staples-Small Companies Index advanced by 1.6% compared to a 1.5% advance for the Otos Total Market Index. Gaining stocks in the Consumer Staples-Small Companies Index numbered 7 or 70.0% of the Index total compared to a 29.1% gaining stocks frequency across the 3979 stocks in the Otos U.S. stocks universe.

There are 3 stocks in this Index with unusually depressed share prices. There are no current buy decisions in that group. Last week there were no depressed-share-price buy ideas in this Index.

We have collected third quarter sales data for all of the comparable record companies in the Consumer Staples-Small Companies Index.The Index capital weighted average sales growth rate is 0.4%. The proportion of Index market capital accounted for by rising sales growth companies is up to 58.8%, compared to 38.9% last quarter.

Currently, sales growth is low in the record of the Consumer Staples-Small Companies Index and lower than last quarter.

The proportion of total market capital accounted for by rising gross profit margin companies is down to 46.0% compared to 64.3% last quarter.

The Index is recording a falling gross margin. Inventories are up, diminishing the chance of a further increase in the gross margin. SG&A expenses are low in the record of the Index, but falling. SG&A expenses are falling at a more rapid rate than the gross margin, producing a rising EBITDA margin. This is a poor quality growth trend to the extent that lower costs can insulate the bottom line from top line weakness for only a short time. Interest costs are high in the record of the Index and rising. Higher interest costs not only slow cash flow growth, but are often associated with lower valuation.

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