Switch to:

GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 7/10

vs
industry
vs
history
Cash to Debt 0.03
ENB's Cash to Debt is ranked lower than
57% of the 93 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 0.06 vs. ENB: 0.03 )
Ranked among companies with meaningful Cash to Debt only.
ENB' s 10-Year Cash to Debt Range
Min: 0  Med: 0.02 Max: N/A
Current: 0.03
Equity to Asset 0.23
ENB's Equity to Asset is ranked lower than
80% of the 106 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 0.40 vs. ENB: 0.23 )
Ranked among companies with meaningful Equity to Asset only.
ENB' s 10-Year Equity to Asset Range
Min: 0.21  Med: 0.26 Max: 0.34
Current: 0.23
0.21
0.34
Interest Coverage 2.83
ENB's Interest Coverage is ranked lower than
78% of the 78 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 5.29 vs. ENB: 2.83 )
Ranked among companies with meaningful Interest Coverage only.
ENB' s 10-Year Interest Coverage Range
Min: 1.3  Med: 2.02 Max: 2.83
Current: 2.83
1.3
2.83
F-Score: 5
Z-Score: 0.97
M-Score: -2.74
WACC vs ROIC
3.00%
2.34%
WACC
ROIC
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 7/10

vs
industry
vs
history
Operating margin (%) 6.11
ENB's Operating margin (%) is ranked lower than
69% of the 108 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 15.43 vs. ENB: 6.11 )
Ranked among companies with meaningful Operating margin (%) only.
ENB' s 10-Year Operating margin (%) Range
Min: 4.15  Med: 13.16 Max: 23.78
Current: 6.11
4.15
23.78
Net-margin (%) 1.43
ENB's Net-margin (%) is ranked lower than
78% of the 108 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 11.95 vs. ENB: 1.43 )
Ranked among companies with meaningful Net-margin (%) only.
ENB' s 10-Year Net-margin (%) Range
Min: 1.91  Med: 7.79 Max: 16.12
Current: 1.43
1.91
16.12
ROE (%) 1.20
ENB's ROE (%) is ranked lower than
81% of the 109 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 8.94 vs. ENB: 1.20 )
Ranked among companies with meaningful ROE (%) only.
ENB' s 10-Year ROE (%) Range
Min: 3.72  Med: 14.04 Max: 22.41
Current: 1.2
3.72
22.41
ROA (%) 0.67
ENB's ROA (%) is ranked lower than
79% of the 112 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 4.74 vs. ENB: 0.67 )
Ranked among companies with meaningful ROA (%) only.
ENB' s 10-Year ROA (%) Range
Min: 1.2  Med: 3.50 Max: 5.95
Current: 0.67
1.2
5.95
ROC (Joel Greenblatt) (%) 3.46
ENB's ROC (Joel Greenblatt) (%) is ranked lower than
81% of the 109 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 10.35 vs. ENB: 3.46 )
Ranked among companies with meaningful ROC (Joel Greenblatt) (%) only.
ENB' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: 4.13  Med: 11.39 Max: 25.04
Current: 3.46
4.13
25.04
Revenue Growth (3Y)(%) 20.70
ENB's Revenue Growth (3Y)(%) is ranked higher than
82% of the 74 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 1.20 vs. ENB: 20.70 )
Ranked among companies with meaningful Revenue Growth (3Y)(%) only.
ENB' s 10-Year Revenue Growth (3Y)(%) Range
Min: -27  Med: 18.40 Max: 29.3
Current: 20.7
-27
29.3
EBITDA Growth (3Y)(%) 10.60
ENB's EBITDA Growth (3Y)(%) is ranked higher than
65% of the 69 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 5.30 vs. ENB: 10.60 )
Ranked among companies with meaningful EBITDA Growth (3Y)(%) only.
ENB' s 10-Year EBITDA Growth (3Y)(%) Range
Min: -20.1  Med: 4.20 Max: 16
Current: 10.6
-20.1
16
EPS Growth (3Y)(%) -2.40
ENB's EPS Growth (3Y)(%) is ranked lower than
61% of the 64 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 4.10 vs. ENB: -2.40 )
Ranked among companies with meaningful EPS Growth (3Y)(%) only.
ENB' s 10-Year EPS Growth (3Y)(%) Range
Min: -25.7  Med: 8.70 Max: 33.1
Current: -2.4
-25.7
33.1
» ENB's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q3 2014

ENB Guru Trades in Q3 2014

Jeremy Grantham Sold Out
Ray Dalio 65,900 sh (-66.15%)
Jim Simons 235,069 sh (-69.02%)
» More
Q4 2014

ENB Guru Trades in Q4 2014

Ray Dalio Sold Out
Jim Simons 164,900 sh (-29.85%)
» More
Q1 2015

ENB Guru Trades in Q1 2015

Jim Simons 50,500 sh (-69.38%)
» More
Q2 2015

ENB Guru Trades in Q2 2015

Ray Dalio 253,300 sh (New)
Jim Simons Sold Out
» More
» Details

Insider Trades

Latest Guru Trades with ENB

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

No Entry found in the selected group of Gurus. You can
  • 1. Modify your Personalized List of Gurus, or
  • 2. Click on Premium Premium Tools above to check out all the Gurus, or
  • 3. Click on Premium Plus Premium Plus above for the stocks picks of all the institutional investment advisors (>4000)
» Interactive Charts

Peter Lynch Chart ( What is Peter Lynch Charts )

Preferred stocks of Enbridge Inc

SymbolPriceYieldDescription
ENB.PR.D.Canada15.356.51
ENB.PR.N.Canada16.666.00Cum Red Pfd Shs Series -N-
ENB.PR.P.Canada16.306.13Cum Red Pfd Shs Series -P-
ENB.PF.U.Canada17.545.70Cum Red Pref Shs Series -L-
ENB.PR.B.Canada15.126.61
ENB.PR.A.Canada24.805.54
ENB.PR.T.Canada16.705.99Cum Red Pfd Shs Series -R-
ENB.PR.F.Canada16.256.15
ENB.PR.H.Canada15.006.67
ENB.PR.U.Canada17.485.72Cum Red Pref Shs Class -J
ENB.PF.C.Canada17.656.23Cum Red Pref Shs Series -11-
ENB.PR.V.Canada17.695.65Series 1
ENB.PR.Y.Canada15.916.29Series 3
ENB.PF.G.Canada17.907.17Cum Red Pref Shs Series -15-
ENB.PR.J.Canada17.506.29Cum Red Pfd Shs Series -7-
ENB.PF.A.Canada17.656.23Cum Red Pref Shs Series -9-
ENB.PF.E.Canada17.756.97Cum Red Pref Shs Series -13-
ENB.PF.V.Canada0.000.00

Ratios

vs
industry
vs
history
P/E(ttm) 247.38
ENB's P/E(ttm) is ranked lower than
99% of the 89 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 24.10 vs. ENB: 247.38 )
Ranked among companies with meaningful P/E(ttm) only.
ENB' s 10-Year P/E(ttm) Range
Min: 8.05  Med: 21.41 Max: 278.27
Current: 247.38
8.05
278.27
Forward P/E 21.32
ENB's Forward P/E is ranked lower than
55% of the 88 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 20.04 vs. ENB: 21.32 )
Ranked among companies with meaningful Forward P/E only.
N/A
PE(NRI) 258.90
ENB's PE(NRI) is ranked lower than
99% of the 87 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 22.30 vs. ENB: 258.90 )
Ranked among companies with meaningful PE(NRI) only.
ENB' s 10-Year PE(NRI) Range
Min: 8.07  Med: 21.41 Max: 283.57
Current: 258.9
8.07
283.57
P/B 4.04
ENB's P/B is ranked lower than
80% of the 106 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 2.13 vs. ENB: 4.04 )
Ranked among companies with meaningful P/B only.
ENB' s 10-Year P/B Range
Min: 1.94  Med: 2.97 Max: 5.75
Current: 4.04
1.94
5.75
P/S 1.35
ENB's P/S is ranked higher than
65% of the 106 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 2.43 vs. ENB: 1.35 )
Ranked among companies with meaningful P/S only.
ENB' s 10-Year P/S Range
Min: 0.81  Med: 1.30 Max: 1.65
Current: 1.35
0.81
1.65
POCF 10.62
ENB's POCF is ranked lower than
63% of the 97 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 8.40 vs. ENB: 10.62 )
Ranked among companies with meaningful POCF only.
ENB' s 10-Year POCF Range
Min: 6.62  Med: 11.24 Max: 32.2
Current: 10.62
6.62
32.2
EV-to-EBIT 49.06
ENB's EV-to-EBIT is ranked lower than
89% of the 91 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 20.87 vs. ENB: 49.06 )
Ranked among companies with meaningful EV-to-EBIT only.
ENB' s 10-Year EV-to-EBIT Range
Min: 16.4  Med: 23.40 Max: 54.1
Current: 49.06
16.4
54.1
PEG 78.45
ENB's PEG is ranked lower than
97% of the 33 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 3.54 vs. ENB: 78.45 )
Ranked among companies with meaningful PEG only.
ENB' s 10-Year PEG Range
Min: 0.77  Med: 2.39 Max: 60.25
Current: 78.45
0.77
60.25
Shiller P/E 49.69
ENB's Shiller P/E is ranked lower than
81% of the 57 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 24.94 vs. ENB: 49.69 )
Ranked among companies with meaningful Shiller P/E only.
ENB' s 10-Year Shiller P/E Range
Min: 14.52  Med: 20.55 Max: 62.98
Current: 49.69
14.52
62.98
Current Ratio 0.82
ENB's Current Ratio is ranked lower than
75% of the 109 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 1.21 vs. ENB: 0.82 )
Ranked among companies with meaningful Current Ratio only.
ENB' s 10-Year Current Ratio Range
Min: 0.58  Med: 0.93 Max: 1.27
Current: 0.82
0.58
1.27
Quick Ratio 0.69
ENB's Quick Ratio is ranked lower than
72% of the 109 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 1.02 vs. ENB: 0.69 )
Ranked among companies with meaningful Quick Ratio only.
ENB' s 10-Year Quick Ratio Range
Min: 0.35  Med: 0.71 Max: 1.14
Current: 0.69
0.35
1.14
Days Inventory 17.33
ENB's Days Inventory is ranked lower than
62% of the 82 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 12.61 vs. ENB: 17.33 )
Ranked among companies with meaningful Days Inventory only.
ENB' s 10-Year Days Inventory Range
Min: 12.89  Med: 57.01 Max: 170.35
Current: 17.33
12.89
170.35
Days Sales Outstanding 57.48
ENB's Days Sales Outstanding is ranked lower than
86% of the 99 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 32.34 vs. ENB: 57.48 )
Ranked among companies with meaningful Days Sales Outstanding only.
ENB' s 10-Year Days Sales Outstanding Range
Min: 9.23  Med: 66.75 Max: 126.93
Current: 57.48
9.23
126.93

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 3.51
ENB's Dividend Yield is ranked lower than
119% of the 120 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 6.72 vs. ENB: 3.51 )
Ranked among companies with meaningful Dividend Yield only.
ENB' s 10-Year Dividend Yield Range
Min: 2.26  Med: 3.04 Max: 3.94
Current: 3.51
2.26
3.94
Dividend Payout 6.88
ENB's Dividend Payout is ranked lower than
94% of the 100 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 1.22 vs. ENB: 6.88 )
Ranked among companies with meaningful Dividend Payout only.
ENB' s 10-Year Dividend Payout Range
Min: 0.14  Med: 0.69 Max: 104
Current: 6.88
0.14
104
Dividend growth (3y) 12.60
ENB's Dividend growth (3y) is ranked higher than
65% of the 57 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 8.40 vs. ENB: 12.60 )
Ranked among companies with meaningful Dividend growth (3y) only.
ENB' s 10-Year Dividend growth (3y) Range
Min: 0  Med: 8.80 Max: 17.5
Current: 12.6
0
17.5
Yield on cost (5-Year) 5.92
ENB's Yield on cost (5-Year) is ranked lower than
84% of the 119 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 8.72 vs. ENB: 5.92 )
Ranked among companies with meaningful Yield on cost (5-Year) only.
ENB' s 10-Year Yield on cost (5-Year) Range
Min: 3.91  Med: 5.26 Max: 6.82
Current: 5.92
3.91
6.82
Share Buyback Rate -3.30
ENB's Share Buyback Rate is ranked higher than
72% of the 74 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: -7.80 vs. ENB: -3.30 )
Ranked among companies with meaningful Share Buyback Rate only.
ENB' s 10-Year Share Buyback Rate Range
Min: -0.6  Med: -2.40 Max: -37.2
Current: -3.3

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 4.70
ENB's Price/Tangible Book is ranked lower than
71% of the 90 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 2.67 vs. ENB: 4.70 )
Ranked among companies with meaningful Price/Tangible Book only.
ENB' s 10-Year Price/Tangible Book Range
Min: 1.32  Med: 2.93 Max: 6.95
Current: 4.7
1.32
6.95
Price/DCF (Earnings Based) 32.56
ENB's Price/DCF (Earnings Based) is ranked lower than
100% of the 8 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 3.36 vs. ENB: 32.56 )
Ranked among companies with meaningful Price/DCF (Earnings Based) only.
N/A
Price/Median PS Value 1.06
ENB's Price/Median PS Value is ranked lower than
60% of the 97 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 0.96 vs. ENB: 1.06 )
Ranked among companies with meaningful Price/Median PS Value only.
ENB' s 10-Year Price/Median PS Value Range
Min: 0.33  Med: 1.06 Max: 1.99
Current: 1.06
0.33
1.99
Price/Peter Lynch Fair Value 51.78
ENB's Price/Peter Lynch Fair Value is ranked lower than
100% of the 25 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 2.63 vs. ENB: 51.78 )
Ranked among companies with meaningful Price/Peter Lynch Fair Value only.
ENB' s 10-Year Price/Peter Lynch Fair Value Range
Min: 0.53  Med: 1.83 Max: 55.63
Current: 51.78
0.53
55.63
Price/Graham Number 3.78
ENB's Price/Graham Number is ranked lower than
89% of the 72 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 1.64 vs. ENB: 3.78 )
Ranked among companies with meaningful Price/Graham Number only.
ENB' s 10-Year Price/Graham Number Range
Min: 0.88  Med: 1.46 Max: 4.06
Current: 3.78
0.88
4.06
Earnings Yield (Greenblatt) (%) 2.02
ENB's Earnings Yield (Greenblatt) (%) is ranked lower than
76% of the 106 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 4.30 vs. ENB: 2.02 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) (%) only.
ENB' s 10-Year Earnings Yield (Greenblatt) (%) Range
Min: 1.9  Med: 4.30 Max: 6.1
Current: 2.02
1.9
6.1
Forward Rate of Return (Yacktman) (%) -2.87
ENB's Forward Rate of Return (Yacktman) (%) is ranked lower than
63% of the 57 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 2.09 vs. ENB: -2.87 )
Ranked among companies with meaningful Forward Rate of Return (Yacktman) (%) only.
ENB' s 10-Year Forward Rate of Return (Yacktman) (%) Range
Min: -7.3  Med: 4.00 Max: 13.9
Current: -2.87
-7.3
13.9

Analyst Estimate

Dec15 Dec16 Dec17
EPS($) 1.65 1.90 2.15
EPS without NRI($) 1.65 1.90 2.15

Business Description

Industry: Oil & Gas - Midstream » Oil & Gas Midstream
Compare:WES, ETE, KMP, SE, PAA » details
Traded in other countries:ENB.PR.D.Canada, ENB.PR.N.Canada, ENB.PR.P.Canada, ENB.PF.U.Canada, ENB.PR.B.Canada, ENB.PR.A.Canada, ENB.PR.T.Canada, ENB.PR.F.Canada, ENB.PR.H.Canada, ENB.PR.U.Canada, ENB.Canada, ENB.PF.C.Canada, ENB.PR.V.Canada, ENB.PR.Y.Canada, ENB.PF.G.Canada, ENB.PR.J.Canada, ENB.PF.A.Canada, ENB.PF.E.Canada, EN3.Germany,
Enbridge Inc was incorporated on April 13, 1970 under the Companies Act of the Northwest Territories as Gallery Holdings Ltd. On October 6, 1998, the Articles of Continuance were amended to change the name of the Company to Enbridge Inc. The Company's offers transportation and distribution of crude oil and natural gas. The Companys activities are carried out through various business segments namely Liquids Pipelines, Gas Distribution, Gas Pipelines, Processing and Energy Services, Sponsored Investments and Corporate. Liquids Pipelines consists of common carrier and contract crude oil, NGL and refined products pipelines and terminals in Canada and the United States, including Canadian Mainline, Regional Oil Sands System, Southern Lights Pipeline, Spearhead Pipeline, Seaway Crude Pipeline interest and other feeder pipelines. Gas Distribution consists of the Companys natural gas utility operations, the core of which is EGD which serves residential, commercial and industrial customers, primarily in central and eastern Ontario as well as northern New York State. This business segment also includes natural gas distribution activities in Quebec and New Brunswick. Gas Pipelines, Processing and Energy Services consists of investments in natural gas pipelines and processing facilities, green energy projects, Canadian midstream businesses, the Companys energy services businesses and international activities. Sponsored Investments includes the Companys 23.0% ownership interest in EEP, 66.7% investment in the United States segment of the Alberta Clipper Project through EEP and Enbridge Energy Limited Partnership (EELP) and an overall 69.2% economic interest in the Fund, held both directly, and indirectly through ENF. Corporate consists of the Companys investment in Noverco Inc., (Noverco), new business development activities, corporate investments and financing costs not allocated to the business segments. It operates in a competitive environment. All of the Company's operations are subject to federal, provincial, state or local laws and regulations related to environmental protection and operational safety.
» More Articles for ENB

Headlines

Articles On GuruFocus.com
Dalio's Two Largest Q2 Investments Were in Retail Sector Aug 12 2015 
Enbridge Pipelines Inc. Announces Completion of the Transfer of Its U.S. Subsidiary to an Enbridge I Aug 10 2015 
Enbridge Energy Partners, L.P. to Webcast Its 2015 Second Quarter Financial Results Jul 10 2015 
Enbridge CEO Puts Focus on Building for Tomorrow Jun 24 2015 
Enbridge (ENB) Vs Transcanada (TRP), Which One to Buy? Jan 22 2015 
Enbridge Energy Partners, L.P. to Webcast Its 2014 Fourth Quarter Financial Results and 2015 Guidanc Jan 21 2015 
Enbridge Announces 33% Dividend Increase, Financial Restructuring Plans, Revised Payout Policy and 2 Dec 03 2014 
Enbridge Reviewing Restructuring Plan to Drop Down Its U.S. Liquids Pipeline Assets to Enbridge Ener Dec 03 2014 
Enbridge Inc. Acquires Interest in $650 Million Value Wind Portfolio From E.ON Nov 28 2014 
Enbridge Energy Management, L.L.C. Confirms Amount of Share Distribution for Third Quarter 2014 Nov 05 2014 

More From Other Websites
Race to rebuild: Pipelines everywhere Aug 18 2015
Fairwood LNG Announces Appointment of Kailash Singal as Engineering Director Aug 17 2015
Lightning Round: You do not want to be in this Aug 14 2015
CANADA STOCKS-TSX steady after volatile week; banks offset resource losses Aug 14 2015
Canadian heavy crude slumps to lowest in at least a decade Aug 12 2015
Canadian heavy crude slumps to lowest in at least a decade Aug 12 2015
Canadian heavy crude slumps to lowest in at least a decade Aug 12 2015
Enbridge, Inc. Earnings Q2*, 2015 Aug 11 2015
Enbridge Pipelines Inc. Announces Completion of the Transfer of Its U.S. Subsidiary to an Enbridge... Aug 10 2015
Rising US Dollar Hurts US Exports, Benefits Canadian Exports Aug 07 2015
Enbridge says Line 9 testing to wrap by year end; profit beats Jul 31 2015
Enbridge Second-Quarter Profit Declines 24% Amid Rising Capacity Jul 31 2015
Enbridge Reports Second Quarter Adjusted Earnings of $505 Million or $0.60 Per Common Share and... Jul 31 2015
Enbridge Energy Partners, L.P. Declares Distribution Increase and Reports Earnings for Second... Jul 30 2015
Lightning Round: It will bounce back hard with oil Jul 28 2015
Enbridge (ENB): Moving Average Crossover Alert - Tale of the Tape Jul 22 2015
The 5 Stock Picks Donald Trump Screwed up Jul 16 2015
Guess who has a net worth of $10B Jul 16 2015
Canada regulator says Enbridge safely operating pipelines, despite violations Jul 15 2015
Enbridge Energy Partners, L.P. to Webcast Its 2015 Second Quarter Financial Results Jul 10 2015

Personalized Checklist

Checklist has been moved to "Checklist" tab.

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
FEEDBACK