Introduction Ninety-one years ago today, President Franklin D. Roosevelt pulled off the greatest heist in American history. Unlike most robberies, this one was entirely legal. No safe-cracking was required; no ski masks, guns, or getaway cars. Just a pen and some White House letterhead. On April 5 1933, FDR issued Executive Order 6102, making it…
bfk92 Note: I previously covered Dorian LPG (NYSE:LPG). In my previous take on LPG, I discussed its merits (fleet, financials, and valuation) and the LPG market, particularly the VLGC segment. I gave LPG a hold rating. Today, I comment on the last company report, the Dorian’s valuation, and the LPG market. LPG market highlights LPG…
SimonSkafar Summary In my previous coverage (in May’23), I recommended a buy rating as I saw a path for AGCO (NYSE:AGCO) earnings and revenue to continue growing, supported by the strong industry tailwind. I also believed that management FY23 revised sales guidance was management signaling higher volume. Since my last update, the stock performed as…
yangphoto/E+ via Getty Images We continue to be hold-rated on DoorDash (NASDAQ:DASH) in spite of management’s better-than-expected guidance. We think the market has priced in the expectation of recovery after the stock jumped more than 15% on earning results. We think the stock’s higher valuation is not justified for our expectations of DoorDash’s slower growth…
Dimensions/E+ via Getty Images Although I am not one to talk because of how little time I dedicate to the outdoors, I do recognize that spending time outside and being active is healthy and recommended. One company that exists with the sole purpose of making that kind of active lifestyle easier and more enjoyable is…
Luis Alvarez Summary OTIS Worldwide Corporation (NYSE:OTIS) stands as a global titan in the elevator and escalator industry. With a legacy spanning over a century, OTIS specializes in designing, manufacturing, and servicing a wide range of vertical transportation solutions. Its presence extends to over 200 countries, underscoring its commitment to innovation, safety, and top-tier customer…
yangphoto Investment Rundown From my last publication about Eaton Corporation plc (NYSE:ETN), the share price has run up quite far, about 25% in the span of just a few months. Right now the company displays the valuation of a high-growth business with a p/e of over 27. The market has been very bullish on ETN…
imaginima US manufacturers reported another tough month of trading in August. Output has fallen back into decline after a brief respite in July amid an increasingly steep deterioration in order books. Orders are in fact falling faster than factories are cutting output, suggesting firms will need to continue scaling back their production volumes into the…
SEC’s requests have not been limited to the discovery of Binance’s custody, security and availability of customer assets alone. Binance has filed for the court to grant it a protective order against the United States Securities and Exchange Commission. This follows after the financial regulator has made several attempts to lay its hands on all…