mgstudyo Introduction In this article, we consider an equity investment in Essex Property Trust, Inc. (NYSE:ESS) in light of Q1 2024 results. In particular, we consider the issuance of the $350 million 10-year senior unsecured note with the maturity of April 2034 relative to their current capitalization rate. We also consider the historical share buyback…
zodebala Introduction In early February of this year, I began covering Exxon Mobil (NYSE:XOM) stock here on Seeking Alpha, and since then, the stock has surged by 15.8%, outperforming the market’s return by about threefold. Needless to say, I am incredibly pleased with this outcome. Seeking Alpha, Oakoff’s coverage of XOM My thesis at the…
Scharfsinn86 Aurora (NASDAQ:AUR) is a company developing self-driving technology, Aurora Driver, that is integrated into cars to enable driverless capability. All-time share performance has been lackluster. Having seen an all-time high of $17 shortly after going public in 2021, share price continued to deteriorate and reached $3 price level the following year. Since then, AUR…
Richard Drury/DigitalVision via Getty Images Overview There’s a high probability that you have some McCormick & Company (NYSE:MKC) spices in your cabinet at this very moment. They manufacture, distribute, and market their portfolio of spices, seasonings, and flavors across the globe. The company is primarily US-based but has operations within Europe, Asia, Africa, and several…
gsheldon/iStock Editorial via Getty Images The hardest decision an investor often has to make involves their best-performing stocks. Finding companies that consistently outperform the S&P 500 (SPY) and the broader indexes is hard, and knowing when the investment is no longer good value is almost always difficult. The Hershey Company (NYSE:HSY) was one of the…
Aziz Shamuratov /iStock Editorial via Getty Images Anheuser-Busch InBev SA/NV (BUD) is the largest beer brewer in the world. It owns well-known brands such as Budweiser, Stella Artois, and Hertog Jan in the Netherlands. The current company is a result of a large merger between SABMiller and Anheuser-Busch InBev in 2016 for a whopping $100B….
Sundry Photography In my initiation report published in July 2023, I discussed IDEXX’s (NASDAQ:IDXX) recession resistant business model and their overpriced valuation. Since then, their stock price has underperformed compared to S&P 500 Index return. They finished FY23 with 8.8% organic revenue growth and 25% operating profit growth, maintaining strong growth momentum from both volume…
Ihor Lukianenko/iStock via Getty Images We started covering Accelleron Industries (OTCPK:ACLLY) even before its spin-off from ABB (OTCPK:ABBNY) and when it started trading, we remarked it was off to a good start, noting that we particularly liked the services segment because of its resilient recurring revenue. However, in our last article, we downgraded the company…
kontrast-fotodesign After writing about Clean Energy Fuels (NASDAQ:CLNE) and Montauk Renewables (NASDAQ:MNTK), today’s article focuses on OPAL Fuels (NASDAQ:OPAL), a U.S. company that operates vertically in the RNG market having both of the above companies as its main competitors. In recent years OPAL has made an intensive investment campaign to increase its RNG production, including…
Robert Way It has almost been two years since I published my last article about the French consumer goods company L’Oréal S.A. (OTCPK:LRLCF). When my last article was published, the stock was very close to a temporary bottom. Nevertheless, I didn’t see the stock as a bargain back then and I wrote: L’Oréal is not…
Robert Way/iStock Editorial via Getty Images Investment Thesis: I take the view that adidas AG is likely overvalued at this time, given pressure on net sales and a high EV/EBITDA ratio. In a previous article back in November, I made the argument that adidas AG (OTCQX:ADDYY) needs to see substantial growth in earnings to justify…
Alex Wong/Getty Images News Investment thesis My previous bullish thesis about Palantir’s (NYSE:PLTR) stock aged well, as the stock rallied by 47% over the last three months, compared to an 11% increase in the S&P 500 (SPX). Today I want to update my thesis with the review of recent developments and valuation update. PLTR rallied…
SimonSkafar I started coverage of Vertex Energy (NASDAQ:VTNR) in October with a “Hold” Rating, saying there were too many question marks around the stock to invest at this time. The stock is down about -70% since then. In December, meanwhile, I said that there were questions about the company’s path to profitability for its Renewables…
JHVEPhoto Verisk Analytics (NASDAQ:VRSK) unveiled their Q4 results on February 21st, demonstrating consistent organic growth. I presented my ‘Hold’ thesis in my previous coverage, emphasizing their rich stock valuation and steady business growth. I reiterate my ‘Hold’ rating with a fair value of $210 per share. Premium Rate Increase, AI, Data Analytics Drive Growth In…
Phynart Studio/E+ via Getty Images About the Company Lincoln Electric Holdings (NASDAQ:LECO) is a leading manufacturer of welding, cutting and brazing products. The company has three segments, Americas Welding, International Welding and The Harris Products Group. The company has performed very well over the past year with a return of more than 50%, almost doubling…
sommart/iStock via Getty Images Investment Thesis iShares U.S. Real Estate ETF (NYSEARCA:IYR) warrants a hold rating due to multiple mixed factors impacting the fund’s outlook. While the anticipated reduction of U.S. interest rates later in 2024 will provide a tailwind for beaten down REITs, IYR has several negative factors impacting the fund. Although IYR’s top…
Brad Kathrins/iStock via Getty Images Lakeland Industries (NASDAQ:LAKE) is a global manufacturer and seller of protective equipment for high-risk activities like firefighting, security, industrial, or healthcare. I last wrote about Lakeland in March 2023, without recommending the company. The reason was that I considered the price excessive compared to the company’s long-term profitability metrics. I…
Wong Yu Liang/Moment via Getty Images For the decade following the financial crisis, REITs capitalized on a perpetually low interest rate environment to fire up the commercial real estate engine. Declining yields and capitalization rates supported rising REIT valuations and property values. REITs shined during this period. The situation changed dramatically following the pandemic era….
Extreme Media Debt is the slavery of the free.” – Publilius Syrus. It has been just over a year since I posted my last take on Halozyme Therapeutics, Inc. (NASDAQ:HALO). This name comes up occasionally in comments from Seeking Alpha followers, and it feels like it is time to circle back on this mid-cap biotech…
da-kuk Can the leading software stocks survive a tech wreck in 2024? That’s the question I asked myself in reviewing iShares Expanded Tech-Software Sector ETF (BATS:IGV), which is one ETF on a slimmed-down watchlist of 100 ETFs I now focus most of my work on. In recently cutting my watchlist in half, one of the…
Tim Allen Prologis, Inc. (NYSE:PLD), formed in 1997 and headquartered in San Francisco, CA, is currently the largest REIT by market capitalization and focuses on the ownership, development, and management of logistics facilities located in 19 countries across four continents. The company’s operating performance, along with its solvency profile and widely diversified portfolio makes the…
Sundry Photography Synopsys (NASDAQ:SNPS) has a robust growth track record, with a CAGR of 13% for revenue and 23% for adjusted EPS over the past five years. The stock price has experienced significant gains in the past due to its high-quality and growth record. However, I believe that the current stock price is overvalued, and…
Araya Doheny Logitech International (NASDAQ:LOGI) is a Lausanne, Switzerland-based multinational manufacturer of computer peripherals and software. The company produces retain technology products including, mice, microphones, keyboards, webcams, etc. Logitech Q2’24 Presentation Through these activities, Logitech reported Q2’24- which is Logitech’s equivalent of the trailing quarter- net sales of $1.057bn- a 9% YoY decline, alongside a…
The new 10x’s research extends beyond MicroStrategy, highlighting that several crypto-related stocks are trading close to fair value based on BTC price. In a recent report released by 10x Research, the company has raised concerns about the overvaluation of MicroStrategy Inc (NASDAQ: MSTR) shares. The research was led by Markus Thielen, the analyst who accurately…
YinYang An Alternate Option It’s no secret a large majority of the market includes large cap, tech, and growth stocks. I personally believe these companies are overvalued and am in search of better deals. One of my favorite plays for 2024 is factor-based investing in small cap value stocks and ETFs. A great play for…
TommL The Company Costco Wholesale Corporation (NASDAQ:COST) is a $300 billion market cap firm operating membership warehouses worldwide, selling diverse products. Established in 1976, it offers branded and private-label items across various categories, including groceries, electronics, and apparel. As of the latest data the firm employs over 316,000 employees worldwide, operating 870 warehouses (68.9% in…
Charday Penn/E+ via Getty Images Teledyne Technologies Incorporated (NYSE:TDY) is an American technology company that today specializes in digital imaging, instrumentation, aerospace and defense technology, and engineered systems. The original Teledyne has a storied history as one of the prominent conglomerates in the 60s, 70s, and 80s. During this period it was led by co-founder…
da-kuk Thesis While the investor interest in fast-growing technology stocks arguably peaked in late 2021, the pullback that followed offered a more long-term perspective for investors in the tech sector. Many have since chosen to gain exposure to technology stocks using a more conservative approach; ETF investing. Fidelity Nasdaq Composite Index ETF (NASDAQ:ONEQ) offers a…
ablokhin Investment Thesis Strong consumer spending this year allowed Five Below, Inc. (NASDAQ:FIVE) to deliver strong revenue growth in recent quarters, which supported the stock price. However, it is also crucial to underline that profitability metrics are deteriorating notably. My analysis suggests that headwinds for the bottom line are still in place from both the…
nazarethman Rambus (NASDAQ:RMBS) is a San Jose, California-based hardware technology company which focuses on the design, development, and licensing of chip interface technologies and architectures across digital electronics. The inventor of RDRAM, Rambus principally focuses its portfolio on random access memory- RAM, interface and security intellectual properties, and other R&D and IP. Additionally, to avoid…
Ole_CNX We believe the long-held status as a quasi-monopoly that helped Illumina have consistently high margins is about to end due to rising competition. There are several signs that the company will soon stop benefiting from the MOAT status it has benefited from, and the market is correctly pricing for this scenario. On top of…
Just_Super/iStock via Getty Images Preamble Rare earth elements are in the news these days for their wondrous chemical properties. They have the kind of names any marketing department within a top tier pharmaceutical company would be proud of. For instance, dysprosium sounds for all the world like a medication to treat some kind of mental…
RobsonPL TIM S.A. (NYSE:TIMB) is a subsidiary of TIM Brasil Serviços, and it has garnered recognition for spearheading significant advancements in the telecommunications sector since its inception. Starting in 2015, the company became the leader in 4G technology in Brazil, and it was among the first companies in the country to activate 5G networks. Today,…
Anne Czichos Investment Thesis I saw Chipotle Mexican Grill’s (NYSE:CMG) FW PE ratio and it raised suspicions of whether it’s justified. From a value standpoint, the company is very overvalued, and I will not be starting a position any time soon. However, from a historical standpoint, the company’s FW PE ratio seems to be trading…
Serjio74/iStock via Getty Images Thesis Chile is the most mature and developed economy in LATAM. However, its equity market is among the cheapest in the world, measured with PE multiple. The chart below compares the EM equity market by P/E. AK investment research Chile, together with Argentina and Brazil, holds P/E 6.5-7. Only Colombian equities…
hapabapa Fortinet Stock’s Massive Share Plunge It has been nearly a year since I initiated my coverage of leading cybersecurity solutions company Fortinet, Inc. (NASDAQ:FTNT). I assigned a Hold rating on FTNT in October 2022, broadly equivalent to a market-perform thesis. Accordingly, FTNT has performed largely in line, but still came in below the S&P…
Just_Super Intapp, Inc. (NASDAQ:INTA) is expected to release its FQ4 2023’s earnings report after-hours on Wednesday, September 6th, 2023. Analysts expect the company to report a loss of 30 cents per share [GAAP] on revenue of $93.06 Million. Should Intapp meet the estimates, it’d represent an EPS growth (or narrowing loss) of 15% and revenue…
Tarun Gupta/iStock via Getty Images The India Fund overview The India Fund (NYSE:IFN) is a closed end fund focused solely on listed Indian equities. It has a very long-established history dating back to 1994 and has good sized scale with AUMs above $500 million. The expense ratio of around 1.3% is reasonable, as is their…
Lubo Ivanko With expanding defense budgets, the defense industry has been in focus for well over a year now, prompting a sharp increase in defense stock prices, making it more difficult to uncover names that are undervalued. I have been expanding my coverage significantly over the past two years, and the newest name in my…
Tim Boyle Research Brief In today’s analysis, I will be covering CME Group (CME), which is in the financials sector, and financial exchanges subsector. Since my last rating in mid-May, which gave this stock a buy rating, the share price has climbed over 11%. CME – share price since last rating (Seeking Alpha) Since then,…
Flags of Kazakhstan (left) and Russia Oleksandr Filon A recent report by short seller Hindenburg Research alleges various irregularities at Almaty, Kazakhstan based brokerage company Freedom Holding Corp. (NASDAQ:FRHC); I will refer to the company as “FRHC” hereafter. Hindenburg alleges systematic sanctions evasion as well as signs of fake revenue. They also point out signs…
Justin Sullivan Nvidia Corporation (NASDAQ:NVDA) has reached all-time highs on the basis of record earnings from the AI wave. The company’s $1.2 trillion market capitalization puts it at almost 10x the market cap of peers such as Intel. As we’ll see throughout this article, led by other companies’ efforts to cut the company out of…
TU IS “Buy” Case Investment Thesis Confluent (NASDAQ:CFLT) has performed well in 2023 and stock prices are up significantly by 49%. Due to this, it is trading at 11 times sales, compared to 2.78 times the sector median. Investors might ignore Confluent at current prices as it is overvalued compared to sector multiple. However, in-depth…
wildpixel I last mentioned Advanced Micro Devices (NASDAQ:AMD) as a hold to avoid idea back in January 2022 here. Since then, the stock has fluctuated wildly, ending up -12% lower over the last 18 months. The year-to-date 2023 number has been far more bullish, achieving a price gain of +65% with the return of excitement…
Edwin Tan Archer-Daniels-Midland Company (NYSE:ADM) procures, transports, stores, processes, and merchandises agricultural commodities, products, and ingredients in the United States and internationally. We have started coverage on the firm in July 2022, with a hold rating. Since then, the stock has gained about 18%, slightly outperforming the broader market, which has gone up by roughly…
jetcityimage Intro W.W. Grainger (NYSE:GWW) is engaged in the distribution of maintenance, repair, and operational (MRO) products and services across a range of regions, including the United States, Japan, Canada, the United Kingdom, and worldwide. The company is organized into two primary segments: High-Touch Solutions N.A. and Endless Assortment. Its product lineup covers safety and…
Solskin Transcat (NASDAQ:TRNS) offers laboratory instrument services worldwide. It works in two segments: Distribution and Service. TRNS recently announced its Q1 FY24 results. I will analyze its financial result in this report. Although its revenue has increased, I think the company is currently overvalued. Hence, I assign a hold rating on TRNS. Financial Analysis TRNS…
audioundwerbung We present our note on Nel (OTCPK:NLLSF), a pure-play hydrogen company. We issue a Sell rating as a result of Nel’s stretched valuation, substantial capital requirements, operational transformation challenges, and commoditization. We see Nel’s stock as overhyped, and we are cautious about long-term performance. We will provide a brief overview of the company and…
JHVEPhoto Research Brief With its next quarterly earnings result coming out towards the end of this month on August 29th, Bank of Montreal (NYSE:BMO) has come across my radar screen, especially after its acquisition of Bank of the West, and so today we will discuss its potential for value investors who are looking for a…
Wirestock/iStock Editorial via Getty Images Dear readers/followers, I haven’t actually covered SAAB (OTCPK:SAABF) (OTCPK:SAABY) for you before on Seeking Alpha. This was not an intentional oversight, but the fact is that I’ve never owned the stock. With the war in Ukraine, every European military or semi-military company saw an increase in sentiment and also potentially…