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…
gremlin All values are in CAD unless noted otherwise. Dream Industrial Real Estate Investment Trust (TSX:DIR.UN:CA) (OTC:DREUF) holds a portfolio of 327 industrial properties located in Canada, Europe and the US. These properties span around 71.4 million square feet and comprise distribution, urban logistics buildings and light industrial structures. 2023 Annual Report While the REIT…
tobiasjo Reinvestment Risk Reinvestment risk is the risk that when your term preferred stocks or your bonds mature that you will not be able to reinvest that money at similar or better yields because interest rates have fallen. This will result in the decline of your future income. At our service, we offer a recommended…
VV Shots Citigroup (NYSE:C) has been the clear laggard of the big U.S. banks since the Financial Crisis. It was a poorly constructed collection of businesses, run inefficiently for decades. With that said, there have been opportunities to make a lot of money in the stock by buying at sizeable discounts to tangible book value,…
JasonDoiy The following segment was excerpted from this fund letter. PayPal (NASDAQ:PYPL) PayPal has been a long-standing holding for Wedgewood, since 2015. After taking some of our gains around the company’s COVID-19-fueled peak in 2021, we have been adding to the stock slowly over the past two years, taking it back to a significant position…
JHVEPhoto/iStock Editorial via Getty Images Shares of Ally Financial (NYSE:ALLY) jumped 7% on Thursday after reporting strong quarter. This rally added to substantial gains of 43% over the past year for ALLY as credit losses have not been as bad as some feared. Shares have also rallied 44% since I rated them a buy last…
Five Point Holdings, LLC (NYSE:FPH) Q1 2024 Earnings Conference Call April 18, 2024 5:00 PM ET Company Participants Dan Hedigan – CEOKim Tobler – CFOStuart Miller – Executive Chairman Conference Call Participants Alan Ratner – Zelman & AssociatesMyron Kaplan – Private Investor Operator Greetings, and welcome to the Five Point Holdings, LLC First Quarter 2024…
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%…
In celebration of the historic fourth Bitcoin halving and to ring in a new epoch in sound money, Bitcoin Magazine and Kraken are pleased to present the Bitcoin Halving Livestream. This event will bring together prominent voices in the Bitcoin space including Barstool CEO Dave Portnoy, Strike CEO Jack Mallers, Bitcoin Magazine Institutional Lead Dylan…
bjdlzx Thesis We wrote last August about the exchange traded Invesco S&P 500® Equal Weight Energy ETF (NYSEARCA:RSPG), touting it as an excellent choice to obtain a cross-sectional exposure to U.S. oil and gas, in an environment where tech was the favorite trade. Our original article highlighted how RSPG was unique in offering equal weight…
Bjoern Wylezich/iStock Editorial via Getty Images Dear readers/followers, Metro AG (OTCPK:MTTWF) has been one of those stocks I have been following for quite some time – but never really bought. It’s been on a rollercoaster of divestments, issues, and other structural problems for the past 5 years. The Russian invasion of Ukraine was another problem…
D-Keine/iStock via Getty Images Investment Thesis PPL Corporation (NYSE:PPL) is down about 0.29% underperforming the S&P 500 by a margin of about 27.43% over the last year. Seeking Alpha Despite this dismal performance, I am bullish on this stock in the long term. My optimism stems from the company’s robust regulatory structure and diverse utility…
Lakes4life/E+ via Getty Images Overview I recently covered Oxford Lane Capital (OXLC) and within that article I briefly gave an overview to compare Eagle Point Credit (NYSE:ECC) since both of the funds operate as Closed End Funds with a focus on CLOs. From the comments on my OXLC article, it seemed like the general consensus…
Auris A “show me” stock AT&T Inc. (NYSE:T) has largely become a “show me” stock recently, in my view. That is, I think investors are saying “show me” the results before they’re convinced to buy in. Of course, there are good reasons. It’s difficult to argue against the attractiveness of the company’s stock price (a…
Jacob Wackerhausen/iStock via Getty Images CervoMed (NASDAQ:CRVO) has been enrolling for its phase 2b RewinD-LB study, which is using neflamapimod for the treatment of patients with dementia with Lewy bodies [DLB]. The reason to note this biotech is that it had stated that it is on track to complete enrollment of this trial in the…
Alexander Farnsworth Amid all-time highs in the stock market, now is not a great time to be banking on speculative, struggling stocks. Beyond Meat (NASDAQ:BYND) falls squarely into this category. The plant-based meat company has now stagnated under years of falling demand, after a brief moment in the sun driven by dietary fads. Year to…
NanoStockk/iStock via Getty Images Introduction Eagle Point Income (NYSE:EIC) is an investment company focusing on CLO debt, and as explained in a previous article, Steven Bavaria is an authority on this sector and I would strongly recommend you to read some of his older articles. This October 2022 article is perhaps 18 months old, but…
NUTCHAPONG WUTTISAK/iStock via Getty Images HilleVax, Inc. (NASDAQ:HLVX) is gearing up to report a critical catalyst in the coming months, which is going to provide significant proof of whether or not its Virus Like Particle [VLP] HIL-214 can prevent moderate-to-severe Norovirus-related acute gastroenteritis. In particular, it expects to report results from a phase 2/3 study…
Larry Busacca In today’s article, we bring you the latest update in our recurring series based on analyzing 13F filings and the latest moves of some of the world’s most renowned funds and asset managers. Our original article on the matter and the main thesis behind it can be accessed through this link. Third Point…
IvelinRadkov Intro We wrote about Adient plc (NYSE:ADNT) back in May of last year when we stated that ongoing macro uncertainty had to stack up for the company so forward-looking growth projections could indeed be met. We rated Adient a ‘Hold’ at the time of writing. The company was just off the back of a…
Kosamtu/E+ via Getty Images Turning Point Brands Inc (NYSE:TPB) reported its latest quarterly results capping off a transitional year in an ongoing turnaround compared to a weaker 2022. Recognized as a leader in smoking accessories and alternative tobacco products, TPB is far removed from the pandemic-era growth boom but is managing to drive solid profitability….
Suriyapong Thongsawang/Moment via Getty Images Fund Overview BlackRock Resources & Commodities Strategy Trust (NYSE:BCX) is an equity closed-end fund. The fund invests in stocks with companies operating in the commodity space, with the distribution below based on the latest report provided by BlackRock (as reported as of September 30, 2023). These distributions will be updated…
Just_Super POSCO Holdings (NYSE:PKX) is a South Korean conglomerate encompassing steel, chemicals, construction, and trade businesses. While steelmaking remains its core activity, PKX is strategically repositioning itself toward becoming a future-proof, eco-friendly materials provider. Through its Future M business segment, for instance, PKX manufactures anode and cathode materials, two of the main components of EV…
Oselote This Analysis Assigns a Hold rating for Gatos Silver, Inc. This analysis assigns a “Hold” rating to shares of Gatos Silver, Inc. (NYSE:GATO) (TSX:GATO:CA), reflecting a downgrade from the “Buy” rating in the previous analysis. The earlier rating was supported by expectations that investors would flock to silver to ward off the damaging effects…
manassanant pamai Episode Description: Long regarded as an undervalued and overlooked market, Japan has been undergoing a profound transformation. The renewed interest in this market stems from a variety of factors – including revamped investor sentiment, evolving macroeconomic conditions and compelling corporate reforms. Will Japan be able to live up to its potential and redefine…
NNehring/iStock via Getty Images I’ve been buying Eagle Point Credit’s Series D Preferreds (NYSE:ECC.PR.D) since the tail end of 2023. This has come in response to the continued weakness of preferreds whose sensitivity to higher base rates from positive duration risk has opened up historic discounts to their intrinsic value. The series D preferreds, which…
SweetBunFactory Investment Rundown The semiconductor space is broad and covers a lot of various markets right now. One of the most exciting markets to be a part of I think quite honestly. One of the companies that I have recently stumbled upon is Everspin Technologies (NASDAQ:MRAM). This company is focusing on spintronics and various products…
Peach_iStock There has been an increased chatter around private credit players and how they are poised to benefit from the current tailwinds that are associated with higher interest rate environment and more risk-averse (regulated) traditional banking sector. Since the Fed decided to become more restrictive, the overall BDC space has gone nowhere but up, outperforming…
Nikada Looking for value, growth and income? Cornerstone Total Return Fund (NYSE:CRF) is a diversified closed-end management investment company which features all three of those elements. Fund Profile: The Fund’s investment objective is capital appreciation with current income as a secondary objective. the Fund’s investment adviser uses a balanced approach, including “value” and “growth” investing…
e-crow Introduction Last year presented a checkered landscape for the oilfield equipment and services industry, with the U.S. market experiencing notable weaknesses, contrasted by robustness in international and offshore sectors. Despite these challenges, NOV Inc. (NYSE:NOV) didn’t just hold its ground; it thrived, as its earnings were buoyed by solid international and offshore demand —…
Andrii Dodonov Introduction Eagle Point Income (NYSE:EIC) is an investment company focusing on the BB tranches of CLO debt. And just like in my previous article, I’d like to refer you to Steven Bavaria’s articles which often provide excellent reads as he is very capable in explaining CLO tranches and the implications in layman’s terms….
carterdayne Intro We wrote about West Fraser Timber Co. Ltd. (NYSE:WFG) in July of this year when we stated that momentum would continue in the lumber company after its second-quarter earnings results. Although the company’s Q2 earnings miss prompted a temporary topping out in the stock price, West Fraser’s convincing Q3 earnings beat which was…
Galeanu Mihai Investment Thesis Automatic Data Processing (NASDAQ:ADP) has demonstrated outstanding performance in the stock market over the past decade, accompanied by a current trajectory of sustainable dividend growth. The company is characterized by resilience and solidity, attributes that contribute to its enduring success. In this article, we will delve into the intricacies of ADP’s…
Aleksandra Tokarz/iStock via Getty Images On our last piece on PotlatchDeltic Corporation (NASDAQ:PCH) we gave investors a few reasons to be relatively optimistic. In “3 Reasons To Get A Little More Optimistic On This REIT” we laid a case for a counterrally, and we even upgraded the stock from a “7” on our pain scale,…
skegbydave Introduction Small-caps in general, don’t receive a great deal of positive attention when faced with an environment where money is getting dearer. Unlike their large peers which typically have more cash on their balance sheets, small-caps are typically more reliant on external funding from the capital markets. In recent periods we’ve seen the Fed…
Hiroshi Watanabe Investment action I recommended a buy rating for Luminar Technologies (NASDAQ:LAZR) when I wrote about it the last time, as the company was on track towards meeting its milestone. The path to profitability was reiterated by management, boosting my confidence in the business. Based on my current outlook and analysis of LAZR, I…
cagkansayin/iStock via Getty Images AGNC’s valuation compression AGNC Investment Corp. (NASDAQ:AGNC) has been under tremendous pressure lately. The thesis of this article is to analyze why the new dot plot could be a turning point. In the remainder of this article, I will explain two key upward catalysts to argue for a bull case. First,…
TERADAT SANTIVIVUT Macroeconomic Outlook: A Tipping Point By Francis A. Scotland For the past couple of years, the major macroeconomic developments in the U.S. and to a lesser extent in Europe have reflected the aftershock dynamics of post-pandemic normalization – not your typical business cycle. The economic bust caused by the pandemic and lockdowns and…
1715d1db_3 Note: All amounts discussed are in Canadian Dollars There are some companies that will never ever get a premium valuation. That tends to frustrate the value investors as making money seems hard. But even in this space, the ones that can use their own high cash flow yields to grow their revenues, can make…
Klaus Vedfelt I updated Airbnb, Inc. (NASDAQ:ABNB) investors in early September, explaining that ABNB’s recovery seems robust, although the market had likely priced in its entry into the S&P 500 (SPX) (SPY). As a result, I urged investors to consider waiting for a steep pullback before considering the appropriate levels to add exposure. That thesis…
Justin Sullivan Microsoft’s valuation implies AI potential can defy gravity If you believe in the pursuit of growth at any cost, this article is not for you. The basic premise of this article’s thesis is that valuation ALWAYS matters. Under this premise, I will explain A) why Microsoft’s (NASDAQ:MSFT) valuation is far above its fair…
Mortgage rates are expected to continue their downward trend in December. The US mortgage market is witnessing a resurgence in refinance demand, marked by a substantial 14% increase in applications. According to a CNBC report, this surge is attributed to a recent drop in mortgage rates, bringing them down to their lowest point since August….
nycshooter/iStock via Getty Images Intro We wrote about Star Group, L.P. (NYSE:SGU) back in April of this year when we were encouraged by what we were seeing in the company’s technicals. A technical breakout was confirmed on the long-term chart and the generous dividend had grown for 10 years straight. While investors may bemoan the…
Eoneren Short-Selling Indicators During the heyday of technical analysis from 1960 to 1985, some of the best indicators of market direction were the odd lot and public short selling ratios. High levels of short selling were positive for stocks while low levels were negative. Unfortunately, with the emergence of index futures and arbitrage short selling…
Brandon Bell Shares of Nordstrom (NYSE:JWN) have been a poor performer over the past year, losing about 30% of their value as the company has battled through excess inventory, stagnating consumer demand, and an exit from its Canadian operations. Ultimately, the company is still lagging behind its peers on inventory improvement, and so I see…
AlxeyPnferov/iStock via Getty Images We previously covered Medical Properties Trust, Inc. (NYSE:MPW) in August 2023, discussing its pessimistic prospects as the bears won the battle and the stock plummeted. Thanks to multiple tenants’ cash flow issues and the real estate investment trust’s (“REIT’s”) eventually impacted profitability, we also believed that its dividends might be cut…
Phiromya Intawongpan Eagle Point Credit Co LLC (NYSE:ECC) demonstrated notable financial achievements in Q3 2023, attributed to its strategic actions and intelligent investment decisions. The company’s financial highlights included increased Net Asset Value (NAV) per common share and a robust financial performance with a notable Net Investment Income (NII). During this period, ECC focused on…
Daniel Loeb – Third Point Fund – DealBook Conference in New York Larry Busacca In today’s article, we bring you the latest update in our recurring series based on analyzing 13F filings and the latest moves of some of the world’s most renowned funds and asset managers. Our original article on the matter and the…
Ben Hider/Getty Images Entertainment I wrote a piece on the long and confusing history of International Business Machines (NYSE:IBM) moving up strongly when Wall Street is generally rolling over in price. For example, IBM reached multi-year highs in early 2020, right as the COVID-19 pandemic was starting to make headlines. This awkward and hard to…
werayuth Malcolm Gladwell rose to success after penning a New Yorker article called “The Tipping Point,” which also served as the basis for his first book (in 2000). As the highly acclaimed author explained in the book, “At various points in modern history, ideas, products, messages, and other behaviors have suddenly and unexpectedly become very…