manley099/E+ via Getty Images BRF S.A. (NYSE:BRFS) is a Brazilian meatpacker specializing in poultry, pork, and processed foods. The company operates globally and owns Brazil’s leading meat-based product brands, Sadia, Perdigao, and Qualy. I recently started covering BRF with a Hold rating. The reason for the Hold was a high EV/cycle-average NOPAT multiple for a…
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…
Morsa Images/DigitalVision via Getty Images In the summer of last year, I believed that shares of Teleflex (NYSE:TFX) were flexing their muscles a bit, as operating momentum accelerated a bit again after a tougher 2022. The company announced its next bolt-on acquisition, although this strategic acquisition was rather expensive. After shares witnessed a swift 20%…
Tomas Ragina/iStock via Getty Images The historical industrial success of the United Kingdom was from coal and the economic success of the United States in the past century was from oil. Turning to the 21st century and beyond, it is not exaggerated to say that China’s economy and global power will benefit from clean energy…
da-kuk MicroStrategy (NASDAQ:MSTR) is currently undergoing a major shift in their core business objectives as the firm migrates from software licensing to subscription-based services. The firm has recently launched a new BI/AI customizable chatbot tool that is said to assist with customers’ business intelligence needs. As MicroStrategy is transforming their foundation, challenges may be afoot…
Thomas Barwick Investment Thesis Since my last publication in December 2022, CrowdStrike (NASDAQ:CRWD) has delivered impressive FY24 results, driven by robust new customer acquisitions and increased module adoption. Furthermore, the company’s trajectory towards achieving GAAP profitability by FY25 underscores the strength of its profitable business model. With CRWD’s sustained sales momentum, I project a revenue…
Brandon Bell/Getty Images News Introduction In my previous two articles (one) (two), I had a sell rating on Delta Air Lines (NYSE:DAL). During these times, I believed that the macroeconomic headwinds could hinder Delta Air Lines’ operations. As the consumer delinquency rates were sharply rising, I thought that the consumers’ financial health was deteriorating potentially…
HJBC Introduction Amundi S.A. (OTCPK:AMDUF) recently reported its Q4 2023 results, which I will discuss below. I will also compare the company relative to one of its largest stock-exchange-listed European peers, DWS Group. In brief, I think that Amundi has little room for operational improvement (which is already superb). This coupled with its sizable tangible…
Dan Kitwood Introduction This is the second article regarding the food delivery industry, and after talking about Just Eat Takeaway.com (OTCPK:JTKWY) it is now Deliveroo’s (OTCPK:DROOF) turn. I have already expressed in depth in the previous article many of the concepts and opinions about the industry in which these companies operate, which I invite you…
Urupong Braze, Inc. (NASDAQ:BRZE) released its Q3 2024, beating EPS and revenue expectations and improving its top and bottom line results YoY. In my previous article, my concern was the company’s lack of profitability. It has improved its EPS guidance for FY2024 by roughly $0.10, which is impressive. However, the forecasted loss is still between…
zhengzaishuru Coterra Energy (NYSE:CTRA) has demonstrated excellent operational performance in 2023, allowing it to increase its full-year guidance again. Coterra now expects 7% more oil production and 5% more total production than initially expected, while capex is largely in-line with its original estimates. Despite the strong operational performance, Coterra’s projected 2024 free cash flow at…
Dilok Klaisataporn In a bad market for banks, Citizens Financial‘s (NYSE:CFG) share price performance has been absolutely brutal, falling more than 40% since my last update and surpassing the 27% or so decline in the regional bank group by a wide margin. Worries about higher capital requirements have played a role, but Citizens has also…
xavierarnau Walker & Dunlop (NYSE:WD) is a Bethesda, Maryland-based integrated commercial real estate finance and advisory services firm, with operations across CRE consultancy to CRE portfolio management, CRE loan servicing, and so on and so forth. Investor Overview August 2023 Through these activities, WD has achieved Q2’23 revenues amounting to $265.50mn- a 13.84% decline YoY-…
Oat_Phawat/iStock via Getty Images Thesis Pan American Silver (NYSE:PAAS) experienced strong reserve growth year over year. The primary driver was the deal with Yamana. The Jacobina mine, a producing asset with enormous potential for exploration with high grades and low AISC, became part of the Pan American portfolio. PASS has a clean balance sheet with…
Murray Roos clarified that the exploration of blockchain does not mean that the exchange is delving into cryptocurrencies like Bitcoin and Ethereum. The London Stock Exchange Group (LSEG), one of the oldest and most reputable stock exchanges in the world, is embarking on the integration of blockchain technology into its operations according to a report…
Tether also announced a share buyback of about $115 million with its risk management strategy showing consolidated assets exceed liabilities. Tether Limited Inc, a sister crypto company to Bitfinex digital asset exchange owned by iFinex Inc, announced its Q2 2023 financial results on July 31. According to the company’s financial results compiled by BDO accounting…
With this license, Binance can now offer approved virtual asset services, further solidifying its reputation as a responsible player in the crypto market. Binance has become the world’s first exchange to secure an operational Minimum Viable Product (MVP) license from Dubai’s Virtual Asset Regulatory Authority (VARA). This milestone grants Binance the privilege to provide exchange…