Jacek_Sopotnicki Investment Thesis After falling 65% since April 2022, Warner Bros. Discovery’s (NASDAQ:WBD) valuation is at an all-time low. A forward FCF yield of ~25% and the huge potential of its streaming service Max provide us with a compelling entry point. Short introduction In April 2022 Discovery merged with WarnerMedia to create a new media…
Dennis Garrels/iStock Editorial via Getty Images NNN REIT (NYSE:NNN) is a single tenant net lease REIT that develops and acquires retail properties across the United States. Like many net lease REITs, NNN emerged from humble beginnings. NNN was founded in 1984 as Golden Corral Realty Corporation. At that point, the company served as a landlord…
Vertigo3d 2023 defied most expectations and extended already existing global equity market imbalances. It was a year of higher US rates and US Dollar, uncertain inflation, emerging artificial intelligence technologies, an expanding energy transition, and the stabilization of China. Against most odds and a harsh macroeconomic backdrop, the US economy continued to show resilience with…
kenneth-cheung Investment Thesis: Microsoft’s (NASDAQ:MSFT) strategic maneuvers into the AI space are more than helping Open AI build better chatbots so they can sell Office 365 Co-Pilot licenses. As they bolster their partnership with OpenAI, their deepening alliance is also an infrastructure transformation, with Microsoft investing heavily in nuclear energy (through a Sam Altman portfolio…
tumsasedgars/iStock via Getty Images Investment Thesis The Electronic Data Interchange (‘EDI’) industry is positioned to benefit immensely from structural trends in supply chain operations and data analytics for businesses globally. Despite a fragmented competitive field, a few firms rise to the top, with SPS Commerce (NASDAQ:SPSC) top of the heap in my view. EDI Defined…
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Anastasiia Burlakova/iStock via Getty Images Onto Innovation (NYSE:ONTO) announced on August 10 its Q2 2023 earnings to much fanfare. Its Q2 Non-GAAP EPS of $0.79 missed by $0.05. Revenue of $190.66M (-25.6% Y/Y) missed by $12.34M. The stock is currently trading flat since the call because of hyperbole surrounding its AI (artificial intelligence) efforts, which…