Photon-Photos/iStock via Getty Images The Q1 Earnings Season for the Gold Miners Index (GDX) began last week and the market has embraced the margin recovery with strong reactions out of two of the top three gold producers. Meanwhile, the Australian producers are busy reporting their calendar year Q1 (fiscal Q3 2024) results and the most…
NoDerog/iStock Unreleased via Getty Images Introduction Per my April 2023 article, Monster’s (NASDAQ:MNST) gross margin has fallen substantially from the 60% level of 2019. Some of this is transitory due to the company’s covid philosophy of emphasizing product availability over economics. However, some of it is permanent seeing as growth is high in segments where…
_ultraforma_ The valuation bifurcation in Citigroup (NYSE:C) shares has finally reached peak pessimism as C recovered nearly 45% through its January 2024 highs from its late October 2023 bottom. As a result, it has also normalized C’s forward adjusted earnings multiple of 10x with its 10Y average of 9.5x. Therefore, I believe it’s apt for…
Mario Tama Citigroup (NYSE:C) looks very cheap, trading at around 0.6x P/TBV. However, the U.S. banking giant has traded at these distressed multiples for over a decade now, and investors are likely doubting that low valuation alone is a catalyst for upside. But it is not only the low valuation that is speaking for Citigroup:…
Altayb There are as many prudent dividend strategies as there are dividend investors. However, in this report, we review three specific income-focused portfolio strategies, including: (1) monster big yields, (2) dividend growth investing, and (3) build-your-own income (we’ll explain). Next, we dive into the details on two monster big-yield closed-end funds (“CEFs”) from PIMCO, including…
Vivien Killilea PENN Entertainment, Inc. (NASDAQ:PENN) sent shockwaves through the industry by signing a 10-year, $1.5 billion deal to create an ESPN-branded sportsbook in August. Shortly after, I laid out the back-of-the-envelope case for PENN stock to soar from roughly $25 per share to $134 in the coming years. The market resoundingly disagreed, with frustrated…
Isaac Lee/iStock Editorial via Getty Images Introduction The energy industry consists of three major segments. Upstream – companies that produce oil and gas. Downstream – companies that turn oil and gas into value-added products like gasoline and diesel. Midstream – companies that connect upstream to downstream and any buyer to a seller. In other words,…
solvod I’m a dividend growth investor. Often, people think that being a DGIer necessarily means investing in very low-yielding but high-growth stocks such as those found in the sub-2%-yielding Vanguard Dividend Appreciation ETF (VIG) or WisdomTree US Quality Dividend Growth ETF (DGRW). Those who invest in stocks with yields in the neighborhood of 4%, 5%,…
SolStock Investment thesis I initiate my coverage of the Monster Beverage Corporation (NASDAQ:MNST) and rate it a Hold following my research into the company and the underlying market, and the company’s strong Q2 results. Overall, I initiate a bullish view of the company but believe its valuation is too demanding today. I view the company’s…
Jack Taylor Summary This post is to provide an update on my thoughts on Monster Beverage’s (NASDAQ:MNST) recent performance and 2Q23 results. I recommend a buy rating for MNST as I expect earnings growth to remain strong in the low 20% range, supporting its valuation premium vs. peers. Investment thesis The 12.1% increase in revenue…