pawel.gaul Dear readers/followers, It’s time for me to update my thesis on Zurich Insurance Group (OTCQX:ZURVY) (OTCQX:ZFSVF), one of the largest insurance businesses in all of Switzerland that’s quite full-service (meaning it does P&C, L&H, and both Commercial and personal lines). Despite what you may believe, it was once at a great valuation and allowed…
da-kuk In one of my previous articles, I discussed the top Bitcoin ETFs for investors seeking exposure to Bitcoin, excluding the Grayscale Bitcoin Trust (NYSEARCA:GBTC) due to its high management fees. Today, I’ll go into detail about GBTC and explain why I believe it’s an inefficient option for Bitcoin exposure. Thesis: GBTC’s high expense ratio…
gopixa Launched on 07/07/2015 and managed by Victory Capital Management Inc., VictoryShares US Large Cap High Div Volatility Wtd ETF (NASDAQ:CDL) is an ETF focused on high income through dividends coupled with low volatility. It currently manages about $350 million and distributes on a monthly basis. CDL is arguably one of the best high-dividend-yield ETFs…
imaginima The BlackRock Energy & Resources Trust (NYSE:BGR) is a sector-specific closed-end fund, or CEF, that is designed for those investors who want exposure to the traditional energy sector along with a high level of income. The fund manages to deliver on this promise fairly well, as its 6.14% current yield is quite a bit…
onurdongel/E+ via Getty Images Introduction and Thesis Hooker Furnishings Corporation (NASDAQ:HOFT) stands as a distinguished player in the furniture industry, renowned for its commitment to craftsmanship and innovation. With a rich history dating back to 1924, the company has established itself as a provider of high-quality home furnishings, catering to a diverse clientele. Hooker HOFT…
ozgurdonmaz Intro & Thesis I initiated coverage of Apple Inc (NASDAQ:AAPL) stock in December 2021 and gave the stock a ‘Hold’ rating, indicating the brand’s strength but also a fairly generous valuation at the time. A few articles later, on April 10, 2023, I downgraded the AAPL stock to ‘Sell’. Since then, the stock’s total…
BlackJack3D Shares of Clarivate Plc (NYSE:CLVT) have fallen to re-test their lows, as the debt-loaded provider of IP, scientific information and analytical tools & services continues to feel the overhang of being overleveraged as a result of an M&A streak in recent years. With no sales growth seen again in 2024, accompanied by margin pressure,…
MicroStockHub Covered call ETFs have become very popular in recent times as investors attempt to capture the best of both worlds – equity upside and regular income. The formula is simple enough, and it can work quite nicely. However, there is a time and a place for such things, and it is my view that…
J2R Dutch bank ABN AMRO (OTCPK:AAVMY)(OTC:ABMRF) has proved a frustrating investment since my last update around six months ago. The ADSs have delivered a roughly flat total return in that time, significantly underperforming larger national peer ING (NYSE:ING) as well as the broader European financials space, represented here by the iShares MSCI European Financials ETF…
Lemon_tm Golub Capital BDC (NASDAQ:GBDC) is one of the largest BDCs with a market cap of ~ $2.6 billion. Looking at the overall strategy and structure, we can notice that GBDC implements a rather prudent approach, which has at least up until COVID-19 supported alpha performance relative to the BDC sector. Ycharts By a “prudent…
Juan Jose Napuri Just over five months ago, I wrote on Jaguar Mining (OTCQX:JAGGF), noting that while the stock was on track for another year of missed guidance, the stock would become a Speculative Buy at US$1.23 or lower. This turned out to be a poor call in hindsight as the stock plunged another 20%…
Nikada Goldman Sachs BDC (NYSE:GSBD) is a relatively large-scale BDC, which as of December 2023 ranks as the tenth largest BDC vehicle in terms of the market cap. GSBD invests primarily in US mid-cap companies (just as most BDCs), with an EBITDA generation of between $5 million and $75 million. The EBITDA range for this…
Sean Gallup Cemex (NYSE:CX) has proved a disappointing investment for long-term shareholders. Over the past 10 years, CX has delivered a total return of -24% compared to a total return of 110% delivered by the iShares MSCI ACWI ETF (ACWI) and a total return of 17.1% total return delivered by the iShares MSCI Mexico ETF…
IvelinRadkov Introduction and Investment thesis Since the renewed escalation of the Israel-Hamas conflict the shares of monday.com (NASDAQ:MNDY) started to underperform against peers, as investors have been worried about potential operational disruptions to the company. Although the company’s customer base is truly global serving 200+ business industries in 200+ countries, their headquarter is still in…
RiverNorthPhotography Thesis Despite The Bank of New York Mellon (NYSE:BK) being a well-known global brand, I believe that your money would be better suited elsewhere. The company has underperformed the sector, competitors, and the S&P for a decade. Despite a heftier starting dividend yield of 4%, it’s hard to rate BK with a buy when…
adventtr/E+ via Getty Images Dear readers/followers, While small, my investment in Portland General Electric (NYSE:POR) has not seen great or acceptable returns. It’s down double digits so far – so I’m glad I did not overexpose my portfolio to this name. The likely logic for the underperformance is sound here. The simple fact is that…
JohnFScott Starbucks Corporation (NASDAQ:SBUX) recently announced its 13th consecutive annual dividend increase as Seeking Alpha has covered here. Interestingly, my most recent article on Microsoft Corporation (MSFT) extolled the virtues of looking at the full package and not just at what may appear to be a small, current yield. Starbucks fits the same pattern as…
tianyu wu/E+ via Getty Images Overview The BATS:PAVE ETF run by Global X is focused on stocks that may see increased growth from US infrastructure investment. This includes industrial automation, electric energy and grid expansion, agricultural productivity, climate change mitigation along with industrial transportation and the raw materials to build infrastructure such as data centers,…
f9photos Investment Thesis Unilever (NYSE:UL) stands as a multinational consumer goods enterprise celebrated for its extensive array of offerings encompassing personal care, food, and household products. Boasting a storied legacy that spans numerous decades, Unilever has firmly positioned itself as a prominent figure within the worldwide market, emphasizing innovation, sustainability, and ethical commitment. Unilever Portfolio…
Wirestock/iStock Editorial via Getty Images Kering (OTCPK:PPRUF) (OTCPK:PPRUY) announced its H1-23 results, reporting an underwhelming 2% growth Y/Y, an operating margin decrease, and close to zero free cash flow. The luxury group continues to lag behind industry leaders in LVMH (OTCPK:LVMHF) and Hermès (OTCPK:HESAF), with no clear sign of change approaching, but the management transformation…
JHVEPhoto Introduction In German, there’s a saying that perfectly applies to Honeywell International (NASDAQ:HON): Eierlegende Wollmilchsau. Essentially, it’s a description for a pig covered in wool (like a sheep) that can be milked like a cow and also lays eggs. Something like this: Wiktionary If diversification were an animal, it would probably be this. Volkswagen…