Jonathan Kitchen In this article, we highlight the business development company (“BDC”) Gladstone Capital (NASDAQ:GLAD). GLAD operates in the lower middle-market segment, targeting companies with EBITDA of $3-25m. Its top sectors are Healthcare, Education and Manufacturing. An absence of significant Technology sector lending is one key difference between this and most other BDCs. About 80%…
Aziz Shamuratov About a year ago, I wondered if Emerson Electric (NYSE:EMR) was the “winner” in the bidding race for National Instruments. This acquisition was the latest in a number of substantial M&A actions (both on the buy and sell side) which created a lot of moving parts. After the dust has settled, Emerson can…
SweetBunFactory Introduction ABB (OTCPK:ABBNY) has had a strong share price return of 20% CAGR over the past 5 years. A continuation of this performance is unlikely to be sustainable, in my opinion. The share price has potentially reached the top without further P/E expansion. Using a discounted cash flow valuation, I believe ABB shares are…
Lemon_tm Commodities are starting to show some signs of life again as inflation begins to pick back up. It’s not just Oil. Copper, Gold, Silver, and a slew of others look to be ready to resume their own respective uptrends as investors look for inflation plays outside of equities. This is where the iShares S&P…
SimoneN Friedman Industries (NYSE:FRD) is a steel processor with plants in the US Midwest and Atlantic regions. I wrote about Friedman in March and August 2022. In both articles, I considered that the stock did not represent a long-term opportunity because of the changes going on at the company level (tripling of its manufacturing capacity,…
cre8tive_studios/iStock via Getty Images Northern Technologies International Corporation (NASDAQ:NTIC) is a global manufacturer of volatile anti-corrosion products (VCI) that protect manufacturing pieces and metallic infrastructure. The company has a global presence exceeding 25% market share in VCI for manufacturing and industrial uses and is making inroads in the O&G infrastructure market. I wrote about NTIC…
Monty Rakusen Expectations were pretty robust for the aerospace industry in 2023, and orders have in fact come through, with 2023 industry-wide orders matching 2022 levels by the end of September. There have been some new challenges of late, including a product manufacturing issue at RTX (RTX) and a little weakness in global flight demand,…
IR_Stone The real estate sector as a whole has been one of the worst performing sectors in 2023 and for much of the past year. As investors and consumers alike have endured rising interest rates, this too has impacted the REIT sector that tends to rely on debt to grow, due to the structure of…
JHVEPhoto Marsh & McLennan (NYSE:MMC) released their Q3 FY23 results on October 19th, demonstrating significant achievements. They delivered a remarkable 10% growth in organic revenue, accompanied by a 24% increase in adjusted operating income and an impressive 33% surge in adjusted EPS. These figures showcase their robust performance and ability to thrive across economic cycles….
Matt Winkelmeyer A recent Odd Lots podcast with Bill Gross reminded me of my personal hobby of reviewing investment funds ‘managed’ by the famous investor, Jeff Gundlach. To be honest, having reviewed at 4 or 5 Doubleline funds in the past few months, I am quite disappointed by what I see. The Doubleline Opportunistic Credit…
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…