Phynart Studio Investment Thesis I recommend selling the shares of Companhia Siderúrgica Nacional (NYSE:SID). The Brazilian steel industry is suffering from the large supply of Chinese steel in the domestic market. Additionally, there is no Government action to protect the national industry, this is due to the importance of China as Brazil’s trading partner. Domestic…
Nataly Hanin/iStock via Getty Images SoundThinking (NASDAQ:SSTI), formerly known as ShotSpotter, offers a suite of SaaS offerings to make law enforcement more effective and efficient. Trading at 2x sales with a $200 million market capitalization, SoundThinking is cheap for a SaaS company with a history of 15% annual growth and huge operating leverage. The company…
Nikada Saratoga Investment Corp (NYSE:SAR) is a business development company or BDC with a rather conventional focus – i.e., investing and issuing loans to the lower end of the middle market companies that are already cash flow positive with annual sales between $8 and $250 million, and EBITDA north of $2 million. While this is…
Dragon Claws/iStock via Getty Images Introduction Aroundtown (OTCPK:AANNF) suspended its 2023 dividend with the following press release: Luxembourg, 26 March 2024 – The board of directors (the “Board”) of Aroundtown SA (the “Company” or “Aroundtown”) has decided today not to recommend a dividend payment for 2023 at the Company’s annual general meeting intended for 26…
andresr Introduction Regency Centers Corporation (NASDAQ:REG) has underperformed the Vanguard Real Estate Index Fund ETF Shares (VNQ) in 2024, with investors potentially disappointed by the slowdown in net operating income growth projected for this year: Regency Centers relative to VNQ, YTD (Seeking Alpha) I see the pullback as a buying opportunity, considering the high single-digit…
BlackJack3D Shares of Clarivate Plc (NYSE:CLVT) have fallen to re-test their lows, as the debt-loaded provider of IP, scientific information and analytical tools & services continues to feel the overhang of being overleveraged as a result of an M&A streak in recent years. With no sales growth seen again in 2024, accompanied by margin pressure,…
SOPA Images/LightRocket via Getty Images My Thesis Earnings periods typically offer some juicy opportunities for patient investors. The market being fickle and unpredictable by nature, many investors tend to react quickly when the news is bad, thereby opening windows of opportunity that are normally hard to come by. One such case this week is Australian…
Poetra RH/iStock via Getty Images High yield REITs are one of my favorite things. It wasn’t so long ago I was singing the praises of ARMOUR Residential, for both its double-digit yield and its management of high leverage. Today I’m going to be again looking at a similar mortgage REIT, Orchid Island Capital (NYSE:ORC), which…
SHansche Looking for income from marine shipping? Spot rates go up, rates go down, but some shipping companies lock in long-term fixed charter rates, which gives income investors more visibility into future dividends. Global Ship Lease (NYSE:GSL) is one of those companies. It had ~2 years of contract cover for its fleet, worth $1.8B, as…
mokee81 KKR & Co. (NYSE:KKR) has just experienced an amazing stock price move to the upside in late 2023. However, the big picture backdrop of a slowing economy is a warning to take profits, sell shares short, or just plain avoid this name during 2024. Why? The KKR quote has been roughly cut in half…
akinbostanci Introduction During my work as a financial adviser, I have run across hundreds of model portfolios from dozens of firms. I’ve used them with dozens of clients. I was never really satisfied with the end results, but didn’t have much better to offer them. This is the second model I am writing about. The…
Kittisak Kaewchalun /iStock via Getty Images Martin Midstream Partners L.P. (NASDAQ:MMLP) reported $26.2 million in adjusted EBITDA in Q3 2023 and reaffirmed its full-year guidance for $115.4 million in adjusted EBITDA, excluding the impact of its exit from the butane optimization business. Martin’s transportation business underperformed a bit as demand from specialty industrial customers slowed….
Pgiam/iStock via Getty Images Investment updates Investors should be fairly compensated for the capital they put at risk when investing with a company. Stock market investors are not providers of capital per se-unless in IPOs or secondary offerings, etc.-but they do provide capital indirectly through reinvestment of retained earnings. Consequently, investors mark the valuations of…
Kwarkot REITs are a small, niche market. Because of the structure of their businesses, their financials are not accurately captured by computers that gather and process SEC filings. A big reason for that is that many details that matter are not reported in standardized ways. One example is how much capital is used for recurring…
peterschreiber.media Investment Thesis Hillenbrand, Inc.’s (NYSE:HI) revenue faces near-term revenue headwinds from lower backlog and order bookings in both the Advanced Process Solutions (APS) and Molding Technology Solutions (MTS) segments. The current macroeconomic uncertainty and a high-interest rate environment are resulting in an increase in the decision timing of the company’s customers, particularly within the…
Mastercard’s partnership with Feedzai aims to address concerns around crypto fraud and money laundering by leveraging artificial intelligence to differentiate between legitimate and fraudulent transactions. Mastercard Inc (NYSE: MA) is strengthening its efforts to identify and prevent fraud associated with crypto exchanges. In an exclusive statement to CNBC, the company revealed a partnership with Feedzai,…
Nexo’s futures markets aren’t targeted at high-leverage traders of existing perps exchanges. Rather, they’re designed for Nexo’s existing customer base, as well as users of other exchanges who’ve yet to experiment with leveraged products. Crypto exchange Nexo has expanded its core products with the introduction of futures trading. The exchange now allows its users to…
CentralITAlliance/iStock via Getty Images Investment Thesis We ascribe a Buy rating on Instructure driven by 1) massive and underpenetrated TAM with growing focus and adoption on digital technologies 2) its leadership position within the US 3) expansion within international markets (K-12 market in rest of the world is worth $2.5 trillion and assuming even 1%…
Koonsiri Boonnak/iStock via Getty Images A couple of years ago I called RPM International (NYSE:RPM) a “borderline buy”, and investors who took advantage of a few of the dips since then, including one earlier this year, are now sitting on pretty solid 20% gains as the company has been picking some steam on expectations of…
RossHelen/iStock via Getty Images Investment Thesis While AZZ Inc.’s (NYSE:AZZ) valuation is not expensive, it faces headwinds from the tough macroeconomic environment which is slowing some of its end-markets including commercial and residential construction, transportation, and HVAC. The company’s high debt levels and the high interest rate it is paying on its variable debt should…
Dzmitry Skazau/iStock via Getty Images A few days ago, I wrote an article titled “This REIT Myth MUST Be Debunked.” It was in response to someone’s comment that rising interest rates were rendering real estate investment trusts un-investable. “When rates go up, so do rents… and more importantly, most REIT managers have been preparing for…
In early 2024, NASA, along with Florida-based startup Lonestar and the Isle of Man, plans to send a payload to the Moon containing “data cubes” whose contents will be authenticated using blockchain technology when they return to Earth. In February 2024, the United States National Aeronautics and Space Administration (NASA), in collaboration with Lonestar, a…
pcess609 Company Background Upstart Holdings, Inc. (NASD:NASDAQ:UPST) offers an online platform that connects consumers with lending partners and uses AI models to try to deliver more affordable and accurate prices. As its 10-K explains: We are a leading, cloud-based AI lending marketplace… Our lending marketplace aggregates consumer demand for high-quality loans and connects to our…
porcorex Hercules Capital (NYSE:HTGC) is one of my favorite BDCs, and for good reason too, considering that it gives income-minded investors exposure to the tech sector all while earning a way above-average dividend yield. The stock has seen its fair share of ups and downs over the past 12 months, but the overall trend has…
imaginima Occidental Petroleum (NYSE:OXY) took full advantage of financial leverage through the acquisition of Anadarko. At first, this looked like an unmitigated disaster in fiscal year 2020 as oil prices went negative. Then it looked absolutely brilliant as oil prices careened past $100 a barrel. Now it is time to look at the long-term knowing…
ozgurdonmaz Investment Briefing Supernus Pharmaceuticals, Inc. (NASDAQ:SUPN) is a biopharmaceutical company that specializes in developing and commercializing treatments for central nervous system (“CNS”) disorders. The company’s neuroscience portfolio comprises a range of approved treatments for epilepsy, migraine, attention-deficit hyperactivity disorder (“ADHD”), and hypomobility in Parkinson’s Disease (“PD”). It currently has 8 commercial products in the…
Matteo Colombo Investment briefing UFP Technologies, Inc. (NASDAQ:UFPT) continues to present with compelling long-term value in my informed opinion. The company’s rally from 2022 extended to mid-July and the equity line has since rolled over, in line with the sharp selloff in broad healthcare in the same month. Since the last publication, there are a…
imaginima Introduction Kinder Morgan (NYSE:KMI) is a well-separated midstream company with operations in several fields. Among all, natural gas is the most important element that brings opportunity for the company from the management’s point of view. That is because natural gas has a crucial role in the energy market in the following decades. In this…
koya79/iStock via Getty Images Summary Two indicators we follow suggest the three-week market correction is over and a rally is about to begin. The rally should last a minimum of four weeks, probably longer. One indicator suggests the major market index to use is the QQQ, or leveraged variants of it. Because of the short-term…
Ableimages/DigitalVision via Getty Images Main Thesis & Background The purpose of this article is to evaluate the BlackRock Taxable Municipal Bond Trust (NYSE:BBN) as an investment option. This fund offers exposure in taxable municipal bonds, with an objective to “seek high current income, with a secondary objective of capital appreciation.” As a long-term investor in…