Ilja Enger-Tsizikov Phinia Inc. (NYSE:PHIN) recently reported lower EPS GAAP than expected, and the company is a recent spinoff. However, I do not see why the company could trade at close to 4x EBITDA. I also believe that further improvements of the commercial vehicle market and potential adoption of hydrogen solutions could bring significant free…
johnkellerman This article is part of a series that provides an ongoing analysis of the changes made to TCI Fund Management’s 13F portfolio on a quarterly basis. It is based on their regulatory 13F Form filed on 11/14/2023. Please visit our Tracking Chris Hohn’s TCI Fund Management 13F Portfolio article for an idea on their…
ugurhan The Calamos Convertible & High Income Fund (NASDAQ:CHY) is a closed-end fund, or CEF, that income-focused investors can employ in order to achieve their goals. The fund’s current 10.10% distribution yield stands as a testament to its success in this area, as this is a very attractive yield when we consider that the yields…
2d illustrations and photos Monroe Capital (NASDAQ:NASDAQ:MRCC) is a relatively small and unpopular BDC, which provides financing primarily to lower middle-market companies both in the U.S. and Canada. The most preferred investment types by MRCC are primarily associated with senior, unitranche and junior secured debt. According to MRCC’s investment policy, unsecured subordinated debt and equity…
courtneyk Stock Snapshot With today’s research note being right before the new year, I am picking a relatively under-covered stock but a major player in the financial services space. It is none other than Primerica, Inc. (NYSE:PRI), the Georgia-based company with roots going back to 1927. Some other quick facts about this company are that…
anyaberkut Thesis Calamos Global Total Return (NASDAQ:CGO) is a closed end fund. The vehicle contains a mix of equities and convertibles, with a small bond sleeve to finance the cash on the dividend distributions. The fund aims to provide a total return, through a combination of capital appreciation and current income. As per its literature,…
Sean Gallup/Getty Images News Investment Thesis Alcoa (NYSE:AA) is one of the largest international vertically integrated aluminum producers. The company’s facilities are spread across five continents. The main production of raw materials (bauxite) is located in Guinea and Australia, while refining takes place in the USA and Northern Europe. We expect the aluminum market to…
Walter Bibikow Summary Simon Property Group (NYSE:SPG) is one of the world’s largest retail REITs with ~165MM sq ft of proportionate GLA, the vast majority in the US. Recent performance has been strong, aided by the impacts of an undersupplied market. This report analyses the common and preferred stock, concluding that neither is attractive for…
Justin Sullivan When it comes to the new world financial technology firms that are out there today, many are single products or simple platforms with only a few different offerings on them. One company that has avoided that kind of designation is SoFi Technologies (NASDAQ:SOFI), a firm that considers itself to be a one-stop shop…
Monty Rakusen In October 2023, U.S. interest rates rose to the highest level since 2007, when the U.S. 30-year Treasury bond (US30Y) futures fell to 107-04. Twenty-Year Chart of the U.S. 30-Year Treasury Bond Futures (Barchart) The chart highlights the plunge to a sixteen-year low. Higher interest rates supported a rally in the U.S. dollar…
Mongkol Onnuan/iStock via Getty Images VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) is a fund designed to give investors a diverse pool of preferred stock in various companies and sectors. Preferred shares typically have appeal as a higher-yielding income source than bonds or common stocks, while also enjoying the tax treatment of dividends instead of…
krystiannawrocki/iStock Unreleased via Getty Images Listen below or on the go on Apple Podcasts and Spotify Imports and sales of Apple Watches are banned effective today due to patent issues. (0:15) FedEx announces share buyback. (1:42) There is a new dominant COVID-19 strain. (2:27) This is an abridged transcript of the podcast. Our top story…
Charging Up An Electric Car At Night solarseven Tesla, Inc. (NASDAQ:NASDAQ:TSLA) has suffered a major decline in profitability over the last 12 months. In that period, it delivered $19 billion in gross profit on $96 billion in revenue. In 2022, it did $20.8 billion in gross profit on $81.4 billion in revenue, meaning that gross…
Stewart Cohen/DigitalVision via Getty Images While the battle over inflation rages on into the end of 2023 and the Federal Reserve considers its next move with respect to interest rates, the housing market remains constrained by high mortgage rates and low inventory. According to Statista, U.S. home sales declined in 2022 after surging in 2021…
ronniechua Since I last called for investors to buy the iShares India 50 ETF (NASDAQ:INDY) dip, the fund has surged higher alongside the rest of the broader Indian market. Now that any lingering weather headwinds have cleared, India’s combination of macro and micro fundamentals may be the best in Asia heading into 2024. At the…
JHVEPhoto/iStock Editorial via Getty Images Mega-project construction company Tutor Perini (NYSE:TPC) had a series of negatives earlier this year including a cancellation of a major road project, a loss of an appeal in federal court, and an S&P downgrade of their debt to “B-” from “B+”. But with continued strong cash flow and a $2.95…
selamiozalp All financial numbers in this article are in Canadian dollars unless noted otherwise. (A Lengthy) Introduction If there’s one thing we have discussed a lot this year, it’s energy. Energy is a cornerstone of my long-term investment thesis, as I believe that we are in a new era where subdued long-term supply growth meets…
Allexxandar/iStock via Getty Images Orion Office REIT Inc. (NYSE:ONL) has been a painful experience for those that embraced the long thesis. The Spin-off from Realty Income Corporation (O) created hope that this would create material upside, and yet the problems started surfacing almost from day 1. Our own coverage on this was most focused on…
The new year seems set to start tumultuous for Chainalysis. In addition to the trial for Roman Sterlingov set to begin on February 12th, which questions the reliability of Chainalysis Reactor in a multi-million dollar money laundering allegation, Chainalysis is now getting sued by the crypto project YieldNodes. In their 2023 Crypto Crime Report, Chainalysis…
vzphotos Thesis Micron Technology, Inc. (NASDAQ:MU) stands out as one of the most cyclical stocks I’ve encountered, exhibiting significant fluctuations during market expansions and contractions. However, since December 30, 2022, coinciding with the 2023 market rally, the stock has surged by approximately 73%. In this analysis, I will illustrate, using valuation models, why Micron is…
pick-uppath We previously covered Sea Limited (NYSE:SE) in September 2023, discussing its promising prospects in Indonesia attributed to the immediate ban of TikTok’s S-commerce platform. We had reckoned that TikTok’s estimated 2023 GMV of $8.4B might be up for grabs, allowing pure-play e-commerce companies like SE’s Shopee to benefit, naturally triggering our reiterated Buy rating….
Thapana Onphalai Power Corporation of Canada (TSX:POW:CA), with its extensive and multifaceted operations in financial services, might be significantly undervalued. Despite the inherent complexities due to its vast network of interrelated entities and investments, the sum of its parts analysis and comparison with industry peers suggest a potential undervaluation. Introduction: Power Corporation, with a market…
Justin Sullivan Introduction As a dividend investor, I try to constantly balance my portfolio between yield and growth. Supplementing my income in retirement is the main goal but getting some capital appreciation with my holdings also factors into my strategy. Sometimes investing in certain stocks/sectors can cause you to give up one or the other…
AI has overtaken crypto in Google searches for the first time since 2020. This is credited to the rise of generative AIs like ChatGPT and the crypto winter. As 2023 is rolling to a close, the industry as a whole is looking back on the year and taking stock of how it performed. One way…
Darren415 In this article, we provide an update on the PIMCO CEF suite. Specifically, we discuss the changes in leverage and distribution coverage for the month of November. We also highlight PIMCO’s tactical moves in the context of the recent drop and subsequent retracement of credit asset prices. Coverage Update Coverage across tax-exempt funds ticked…
Aside from Hong Kong, another country that has contributed significantly to the growth of the Asian crypto economy is Singapore. As the curtain draws nearer towards the end of 2023, Hong Kong has emerged as a significant player in shaping the regulatory landscape for crypto assets in Asia, the Block reported on Tuesday. Despite the…
Hirurg/E+ via Getty Images Investment Thesis FirstService (NASDAQ:FSV) is an essential outsourced property service provider in North America. It has acquired Roofing Corp of America which I believe can act as primary catalyst to growth of the company by expanding its geographic footprint and customer base. About FSV FSV deals in the essential outsourced property…
The extended wait for repayment has been a source of frustration for Mt. Gox creditors, and the delay has led to speculation about its potential impact on the crypto market. After a decade of uncertainty and numerous delays, creditors of the now-defunct crypto exchange Mt. Gox are finally starting to receive compensation for their blocked…
Editor’s note: Seeking Alpha is proud to welcome Market Snippet as a new contributor. It’s easy to become a Seeking Alpha contributor and earn money for your best investment ideas. Active contributors also get free access to SA Premium. Click here to find out more » Ken Ishii/Getty Images News Recommendation We recommend a Long…
In 2023, the Bitcoin hashrate has surged by a staggering 130% which shows growing competition and reduced profitability for miners. The computing power of the Bitcoin network, also known as the mining hashrate, hit a record high on Christmas Day, adding to the challenges faced by miners in the wake of declining profitability. Blockchain.com reported…
skynesher Please note all $ figures in $CAD, not $USD, unless stated otherwise. Introduction I’m nowhere near the age of retirement, but I can’t deny that I love a good dividend paying stock. Dividends are great because they provide investors with stable, re-occurring streams of income paid out from the company’s cash flows. For retirees…
Olivier Le Moal Intro We wrote about TD SYNNEX Corporation (NYSE:SNX) back in June of last year when we were attracted to the company’s cheap sales and bullish forward-looking earnings revisions. A significant number of synergies were expected to come from the merger of Tech Data and Synnex (which took place in September 2021) which…
Grand Warszawski A couple of months ago, before the release of Q3 2023 earnings, I issued an article Mid-America Apartment Communities (NYSE:MAA) assigning a buy rating. It was really a combination of two fundamentally important factors that made the investment thesis rather attractive – i.e., one of the safest balance sheets in the sector with…
PM Images Overview Trinity Capital (NASDAQ:TRIN) operates as a business development company and venture capital firm with a focus on providing venture debt to growth-stage companies seeking loans and equipment financing. Established in 2019, the company is headquartered in Phoenix, Arizona, and maintains additional offices across the United States. We can see an example of…
Volodymyr Zakharov/iStock via Getty Images Inflation has plummeted from its 9% high in June 2022 to its current 3%. It was transitory, lasting just 3 years. This decrease would have occurred without Federal Reserve actions because supply chain disruptions caused by COVID were destined to get resolved as shipping containers eventually got unloaded. This form…
BMW Wirestock Driven To A Tough Spot While BMW’s (OTCPK:BMWYY) growth potential in China seems intact due to its large focus on selling premium automobiles, it faces an increasingly competitive environment in Europe as a result of an influx of Chinese mass-market EVs. I wrote an article in Dec 2022 on the investment opportunity when…
Marcus Lindstrom/iStock via Getty Images U.S. residential real estate as an asset class has had a mixed performance over the last two years. On the one hand, home prices on aggregate have held up really well despite some analysts warning that aggressive monetary tightening by the Federal Reserve (Fed) would crash home prices. Home price…
TommL The Company Costco Wholesale Corporation (NASDAQ:COST) is a $300 billion market cap firm operating membership warehouses worldwide, selling diverse products. Established in 1976, it offers branded and private-label items across various categories, including groceries, electronics, and apparel. As of the latest data the firm employs over 316,000 employees worldwide, operating 870 warehouses (68.9% in…
A woman works on a laptop. Rockaa/E+ via Getty Images At just 26 years old, I don’t claim to be the most knowledgeable investor in the world. Heck, the investing legends have forgotten more than I even know about this business. As long as I live, though, the beauty of investing is that time and…
kunchainub/iStock via Getty Images Dear readers/followers, I’ve been a long-term investor in Nolato (OTCPK:NLTBF) since the company dropped below 50 SEK and I started to seriously load up on this undervalued swedish industrial. The company, to give you a bit of a reminder is a polymer business with a strong focus on medical solutions, integrated…
davelogan/iStock via Getty Images FirstEnergy (NYSE:FE) is a holding company for ten electric utility companies in the Midwest and Mid-Atlantic. Collectively they serve over 6.2 million customers in Ohio, Pennsylvania, West Virginia, Maryland, New Jersey, and New York. The company was incorporated in 1996 and became a wholly regulated utility in 2016. It is currently…
aeduard While it was a mixed year operationally for the precious metals sector (GDX) with several companies missing on cost estimates like Jaguar Mining (OTCQX:JAGGF), IAMGOLD (IAG), and Hecla Mining (HL), New Gold (NYSE:NGD) has been one Tier-1 jurisdiction producer to exceed estimates, tracking to the high end of production guidance and the low end…
ipopba Editas Medicine (NASDAQ:EDIT) stands at the forefront of biotech innovation, harnessing the power of CRISPR-Cas9 gene editing to pioneer groundbreaking advancements in medicine. One of these cutting-edge therapies is the company’s Sickle Cell Disease (SCD) and beta-thalassemia (TBT) candidate reni-cel (EDIT-301), which has produced impressive data thus far in its development. However, the competitive…
VDCM image Opportunity Overview South Korean equities have rallied slightly on the back of more positive economic data in the country in the past two months. Export growth has picked up again, which could bode well for the market. Data by YCharts The Korea Fund (NYSE:KF) has slightly outperformed emerging market equities in the past…
Thapana Onphalai Gladstone Capital (NASDAQ:GLAD) might see lower net investment income next year as the central bank pointed to lower key interest rates for 2024. As a consequence, I would expect the business development company’s net investment income and dividend growth to slow in the near future, and am, thus, modifying my stock classification to…
J. Michael Jones Introduction Mid-cap stocks have not been the best place to be. Over the past ten years, the iShares Russell 2000 ETF (IWM) has returned roughly 100%, including dividends. During this period, the S&P 500 has returned more than twice as much. Data by YCharts Even worse, in the current environment of elevated…
Daniel Balakov Recently, I wrote a bearish article on the ProShares UltraShort S&P 500 ETF (SDS), arguing that inverse levered ETFs should not be held for the long-term, as they inevitably decay towards zero due to the inherent positive bias in markets and volatility decay. Does that mean the corrollary, that levered long market ETFs…
hapabapa/iStock Editorial via Getty Images Investment Thesis (Big Change Since My Last Article) In a major change, since I wrote my last Rivian (NASDAQ:RIVN) piece in November, Rivian has taken a major strategic development step from an exclusive partnership with Amazon to a broader commercial vehicle market outreach that, in my opinion, cements its position…
stocknshares As the market navigates through the uncertainties of 2023, investors are increasingly looking for stocks that offer a compelling blend of growth potential, resilience, and value. In the current landscape, First Citizens BancShares (NASDAQ:FCNCA) (OTCPK:FCNCB) emerges as a candidate worth serious consideration for your 2024 portfolio. A Southeast Powerhouse with Strategic Acquisitions FCNCA is…
Dimitrios Kambouris/Getty Images Entertainment The reaction by Wall Street analysts regarding a possible merger between the two media companies was largely negative. Warner Bros. shares fell 5% on the news. Shares of both Warner Bros. Discovery (NASDAQ:WBD) and Paramount Global (PARA) have performed horribly, with both down over 50% since April 2022. They have been…