Isaac Lee/iStock Editorial via Getty Images Investment Thesis U-Haul’s (NYSE:UHAL) substantial rise due to the pandemic has stalled and reversed, but the company has continued the extraordinary spending in CapEx, resulting in a historical low of its free cash flow. With a weaker demand picture emerging and less room for other strategic spending, the company…
wolv Thesis CNX Resources Corporation (NYSE:CNX) has a unique strategy, one that emphasizes free cash flow, or FCF. The natural gas producer then allocates much of that FCF to share buybacks and reducing its debt. It’s been a successful strategy, one that has produced Energy sector-leading returns on equity, total capital, and assets, as well…
hapabapa Netflix (NASDAQ:NFLX) reports their financial results for their first calendar quarter of 2024, after the market closes on Thursday, April 18th, 2024. The 12/31/23 quarter was the big upside surprise as Netflix saw 13.2 million subscriber adds, vs. the 8.8 million expected, with 2.8 million coming from US and Canada, the slower-growing region. The…
Shana Novak/DigitalVision via Getty Images Summary This post is to provide an update on my thoughts on Urban Outfitters’ (NASDAQ:URBN) business and stock. I give a buy rating to URBN, as 70% of the business continues to show very strong fundamental performance. Both the Free People and Anthropologie brands grew in the range of low…
onurdongel *All financial data in this article is expressed in Canadian dollars. Enerflex Ltd. (NYSE:EFXT) is a global energy infrastructure supplier who operates out of Canada and sells their products globally. Over the past couple of years, the company has been working on implementing cost synergy strategies related to its merger with Exterran Corporation. After…
Jacek_Sopotnicki Investment Thesis: Warner Bros. Discovery (WBD) is a media and entertainment business that operates primarily in the segments of Studios, Networks, and DTC. Some notable brands they own include DC, Game of Thrones, Harry Potter, and many more household names while some of the primary platforms they operate through are TNT Sports, Max, and…
Hitra Daiwa Industries (OTCPK:DAWIF) is one of the best publicly listed businesses on the market in Japan, covered in the past here as a Top Idea and again in May 2023 where we commented on some new product launches and generally strong profit growth performance. We will recap some of the primer for the business…
Hispanolistic Introduction I previously covered Ahold Delhaize (OTCQX:ADRNY) back in late 2021 where I argued that sustaining the robust operating margin would be key to bridging the valuation gap with US peers, with covered call selling an excellent way to position in the shares. Over the past year, European grocery retailers such as Ahold Delhaize…
zhengzaishuru Baytex Energy (NYSE:BTE) currently is projected to generate US$528 million in 2024 free cash flow at current strip prices. This is around US$138 million more than Baytex’s estimates from December 2023, as it benefits from improved oil strip prices. Baytex’s estimated value also benefits from an improvement in the assumed odds of it winning…
This article is featured in Bitcoin Magazine’s “The Inscription Issue”. Click here to get your Annual Bitcoin Magazine Subscription. Click here to download a PDF of this article. The Value Of Bits Data is the most liquid commodity market in the world. In the smartphone era, unless extreme precautions are taken, everywhere you go, everything…
buzbuzzer/iStock via Getty Images Business Overview In my opinion, Rush Enterprises, Inc. (NASDAQ:RUSHA) doesn’t get enough praise or attention from investors. This is a business that has been around since the 60s, has been public since 1996 and over the last 20 or so years, the stock has had a CAGR of 15-20% depending on…
spooh Outline: Vermilion Energy Inc. (NYSE:VET) had a rollercoaster share price performance in the past years. First, they paid out high dividends over the years, but then they had to cut it as debt mounted. COVID-19 hit the company in the same way as it did to others – share prices crashed – then, share…
Marvin Samuel Tolentino Pineda/iStock Editorial via Getty Images Introduction Sometimes the best investments are the ones that don’t need a lot of attention. I last discussed Coca-Cola Consolidated (NASDAQ:COKE) in February 2022 and rated it a ‘strong buy’. The share price has performed really well in the past two years as the stock is up…
Bloomberg/Bloomberg via Getty Images US investors have to dig and claw to find quality high-yield names. Goldman Sachs reports that the current dividend yield on the S&P 500 is a scant 1.45% as of late February 2024. It could be a sign that the market is getting pricey, though the beaten-down Energy sector trades at…
VanderWolf-Images Introduction I have been tracking Vopak (OTCPK:VOPKF) for several years now and in the summer of 2022 I thought the company had become too cheap and I liked the stock for its 5.5% dividend yield, which was pretty good for an infrastructure company back in the day. Since that article in August 2022, the…
CreativeNature_nl The only oil name Berkshire seems to love I haven’t delved into oil and gas names seriously for quite some time. I had been tricked in the past investing at the top of the cycle when Warren Buffett and Bill Gates both were buying Exxon (XOM) hand over fist. Oil was supposed to be…
agnormark It’s been a tough year for the Gold Miners Index (GDX), with the disappointing results of a few souring sentiment for the group, and continued share-price underperformance vs. the gold price. Some of the detractors with pitiful results and/or per share metrics (due to continued share dilution) have been Coeur Mining (CDE), First Majestic…
Dmytro Aksonov/E+ via Getty Images Investment Thesis Daktronics, Inc. (NASDAQ:DAKT) is interesting because the Company controls a dominant position in a market where they do business against industry titans like Samsung and LG. These companies have significantly more financial resources than Daktronics and a more recognizable brand name. There are multiple advantages that Daktronics has…
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…
The-Tor Vital Energy, Inc. (NYSE:VTLE) continues to make both large and small acquisitions to increase free cash flow. In the time I have followed this company, it has gone from an asset-based strategy (that few companies survive) while running cash flow deficits until there was a material sale, to a company with free cash flow….
Bitcoiners Need The Guillotine As Scottish economist and philosopher David Hume observed in A Treatise of Human Nature, nothing we know about what is true can tell us what ought to be true and nothing we know about what ought to be true can tell us what is true. The world of objective fact and…
shapecharge A Quick Take On SEI Investments SEI Investments Company (NASDAQ:SEIC) provides a range of wealth management, advisory and related services to institutions and individuals. Top line revenue growth has been quite low for SEI Investments Company, with stable profits and very strong free cash flow. However, due to the currently elevated market valuation of…
zhengzaishuru Antero Resources (NYSE:AR) generated slightly negative free cash flow (before changes in working capital) in Q3 2023. I didn’t consider that to be a problem at the time of its Q3 2023 earnings report since Antero’s capital efficiency was improving and the 2024 natural gas strip was around $3.50. This put Antero in a…
Editor’s note: Seeking Alpha is proud to welcome JX Research 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 » wdstock Investment thesis I believe Build-A-Bear Workshop (NYSE:BBW) is…
Kokkai Ng/iStock Unreleased via Getty Images Coming off another solid beat and raise quarter, Southeast Asian consumer service ‘super app’ Grab Holdings (NASDAQ:GRAB) looks poised for a great year ahead. Having survived the steepest rate hike cycle in decades, Grab is now a leaner, meaner machine. And backed by a growing net cash position, management…
Like most things, it’s hard to talk about the solution if we don’t properly define the problem first. So, let’s start there. Last week, Elon Musk and Andrew Ross Sorkin conducted an hour-long interview full of awkward and strange moments. For people not familiar with the battle for free speech taking place. Please take a…
zhengzaishuru Baytex Energy’s (NYSE:BTE) Q3 2023 results were in line with expectations and it generated CAD$158 million (US$117 million) in free cash flow during the quarter. It also updated its Q4 2023 guidance (with no major surprises there) and I now project it to generate around CAD$325 million (US$241 million) in Q4 2023 free cash…
Arturo Holmes Going long Equity Commonwealth (NYSE:EQC) is a dominant strategy in the current financial markets, acting both as a hedge against uncertainty thanks to its massive cash balances collecting elevated interest, being an opportunistic cash position in a leveraged market ripe with potential forced real estate sellers, and also trading for cents on the…
jetcityimage Macro and micro factors have been at play, driving some sharp outperformance and severe underperformance among the diversified Industrials sector of the S&P 500. One of the poorest stocks in that slice of the SPX is 3M Company (NYSE:MMM). The firm continues to face uncertainty with investigations and lawsuits, casting a significant shadow, critics…
greenbutterfly Investment Thesis Nutanix (NASDAQ:NTNX) simplifies IT infrastructure by combining storage, computing, and networking into a single, integrated platform. It helps organizations manage and scale their data centers more efficiently, reducing complexity and improving overall performance. Essentially, Nutanix streamlines the way businesses handle their IT resources for enhanced productivity. To put this slightly more technical,…
Volodymyr Kalyniuk/iStock via Getty Images Introduction In my previous articles, I started to turn positive on dentalcorp (TSX:DNTL:CA) (OTCPK:DNTCF) as the cash flow results were improving and the M&A pace was slowing down. This would and should allow the company to reduce its gross debt and net debt levels and that would obviously have an…
grandriver Shares of Diamondback Energy (NASDAQ:FANG) have been a mixed performer over the past year, essentially treading water. The company does have premiere assets in the Permian Basin, which delivered strong results in Q3. For this reason, its name is bound to get speculation amidst the recent wave of energy M&A activity. With a pristine…
Wolterk The oil market is among the few that offers a general hedge against the most significant risks impacting stocks and bonds. In 2021, the sharp rise in oil and gas prices was a major contributing factor to inflation, hampering the profitability of some stocks and contributing significantly to the rise in interest rates. This…
I write this article as a resident of New York City, home of the Statue of Liberty, one of the most widely recognized symbols of America — the “land of the free”. But, when it comes to Bitcoin, I don’t feel so free as a New Yorker. New York State (NYS) is one of the…
The DMCC said it onboarded the Solana Foundation as one of its ecosystem partners for technical support and to build a robust ecosystem. The Solana Foundation has joined the Dubai Multi Commodities Centre (DMCC) as an ecosystem partner. The DMCC, a free economic zone in the United Arab Emirates (UAE), will receive technical support and…
Alstom highlighted reasons for the free cash flow reduction for H1 of the fiscal year, and predicted a reduced figure for the full year. Shares in French train manufacturer Alstom crashed by more than 35% following a reduction in the company’s forecast for free cash flow. As of this writing, Alstom shares are selling at…
Alberto Gagliardi/iStock via Getty Images Introduction Verallia (OTCPK:VRLAF) is one of the largest producers of glass containers in the world. I discussed this company earlier this year here on Seeking Alpha, and the ESCI portfolio had a long position at an average price in the low to mid 20 EUR range. I sold my entire…
AdShooter/E+ via Getty Images Introduction I like packaging companies. And although they are surfing on the waves of the world economy and there has been some pain in the past few quarters as they all had to deal with destocking, they remain attractively valued. I have a long position in WestRock (WRK) but as it…
deepblue4you/iStock via Getty Images Introduction JDE Peet’s (OTCPK:JDEPF) (OTC:JDEPY) is one of the largest coffee distributors in the world (with brands like L’Or, Senseo, and Tassimo in its portfolio). As it doesn’t look like the coffee drinking contingent of the world is decreasing, I like the company’s strong position and very robust cash flows. This…
This is an opinion editorial by Trey Walsh, host of “The Progressive Bitcoiner.” A dangerous trend has emerged in the United States that is seeing terms like “free speech,” “censorship resistant,” “privacy” and more become co-opted by those on the political right, while tools enabling these principles are argued and fought against by those on…
zhengzaishuru SM Energy (NYSE:SM) reported strong Q2 2023 results with production around 5% above its initial expectations. This has allowed it to boost its full-year production guidance, while also improving its guidance around costs. I had already assumed that SM would do fairly well in terms of 2023 production, but it is exceeding my expectations….
davidfillion/iStock via Getty Images Introduction In a previous article, I argued dentalcorp Holdings Ltd. (TSX:DNTL:CA) (OTCPK:DNTCF) should be looked at from a free cash flow perspective. There are numerous (non-cash) elements that weigh on the company’s net income, and I argued that some of the acquisitions (where non-cash amortizations had and still have a negative…