bjdlzx Long-time readers know that Crescent Energy (NYSE:CRGY) was a combination of Chairman John Goff’s Contango (MCF) and a privately held KKR Entity. The main idea at the time was to combine forces to go after bigger deals that were discounted. To some extent that has happened. The unexpected bonus was operational outperformance of the…
Remitski/iStock via Getty Images The following segment was excerpted from this fund letter. Lifecore Biomedical (NASDAQ:LFCR) Lifecore, discussed above, is our fill-finish CDMO that also has a dominant position in pharmaceutical grade hyaluronic acid production. The company is presently bringing on additional capacity that was planned for ~4 years ago. You likely recall that over…
JHVEPhoto/iStock Editorial via Getty Images Since the last time I wrote about the Australian multi-commodity miner BHP (NYSE:BHP) (OTCPK:BHPLF) in December 2023, its price is down by 12%. Even at the time, there were risks to the company, prompting a Hold rating. But much has happened since. It released its interim results in February and…
cmannphoto We’re reviewing Mid-America Apartment Communities (NYSE:MAA) Q4 2023 earnings with a potential investment in mind, but we’re cautious given the current economic landscape. We find the current valuation attractive already but would like to see another dip before initiating a position. We anticipate MAA facing tougher challenges compared to other housing REITs due to…
halbergman Shares of Aurora Cannabis (NASDAQ:ACB) are down by more than 95% since three years ago. The marijuana cultivator is a shadow of its former self. Many of its cultivation and retail facilities in Canada were shuttered over the past few years to match its output capacity to the anemic demand in its core markets,…
Scott Olson Investment Thesis The Kraft Heinz Company (NASDAQ:KHC) reported a mixed set of Q4 and full-year 2023 results. Superb operational profitability progress driven by supply chain optimization and working capital improvements appears to have been mostly overshadowed by slow topline growth. I believe the soft macro backdrop is largely accountable for their flatline YoY…
NoDerog Kontoor Brands (NYSE:KTB) produces and sells clothing products. The company was spun off from V.F. Corporation (VFC) in 2019. The spin-off seems to have been made due to differing offerings, but also as Kontoor’s gross margins and revenue growth were underperforming when compared to V.F. Corporation’s remaining brands. Kontoor is focused on denim products…
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…
Ilja Enger-Tsizikov The Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund (NYSE:PTA) is a closed-end fund that investors can employ in order to generate a high level of income from the assets in their portfolios. The fund has an 8.65% current yield, so it certainly does this job reasonably well, although this yield is…
Rawpixel Back in February, I place a “Buy” rating on CarGurus (NASDAQ:CARG), arguing that its results were being muddied by issues at CarOffer, but that its core business remained strong. The stock is up over 4% since then, trailing the 6% return from the S&P 500. Let’s catch up on the name. Company Profile As…
PM Images Vivid Seats Inc. (NASDAQ:SEAT) delivered quarterly market place orders growth, and offered a guidance increase. I think that further optimization of the performance of marketing campaigns, M&A, and organic growth from discounts strategy could accelerate FCF growth. Besides, further offerings like the Taylor Swift Eras tour could enhance the size of each order,…