JetBlue EMB-190 lines up at JFK Airport Eliyahu Parypa/iStock Editorial via Getty Images The past nine months have been some of the most difficult any single airline has faced in the history of U.S. aviation. Almost a year ago, American Airlines Group Inc. (AAL) and JetBlue Airways Corporation (NASDAQ:JBLU) saw their Northeast Alliance – NEA…
grandriver I last covered Devon Energy (NYSE:DVN) on Seeking Alpha back on June 14, 2023, “Devon Energy: Limited Upside Near-Term,” rating the stock a “Hold.” In that piece, I used a discounted cash flow (DCF) model to derive a long-term value target of roughly $60 per share for DVN, a little over a 20% premium…
hqrloveq/iStock via Getty Images Main Thesis/Background The purpose of this article is to discuss the current macro-environment of the market right now, with a specific focus on the implications for tax-exempt municipal ((muni)) bonds. This is top of mind for me for a few reasons. One, the bond market as a whole (including munis) had…
PM Images Introduction I wrote a Block, Inc. (NYSE:SQ) piece a few months ago, pointing out that the stock had sold off substantially, to a point where I felt that the bottom was near: Following its huge selloff back to its Covid lows, Block stock now trades at a wide margin of safety with substantial…
Dilok Klaisataporn We believe that the market is currently undergoing a major disruption due to the fact that the economy is rapidly shifting from a period of elevated inflation to a surprising deflationary trend. As a result, we expect that the stocks that got pummeled the most over the past few years will likely be…
champc Where are we in the business cycle? Within my previous deep-dive on the state of the US economy, my overriding thesis was although economic resilience has been the theme of 2023, we were likely to see a slow but steady deterioration in hard economic data as we approached the end of 2023 and entered…
den-belitsky Main Thesis/Background The purpose of this article is to take stock of the current market environment and to give my macro-level thoughts. There has been a definite uptick in volatility recently, with a number of “down days” strung together. While we ended last week on a high, the past few weeks have likely given…
ablokhin New management at Rocky Mountain Chocolate Factory (NASDAQ:RMCF) is implementing a transformation plan to reverse years of soft performance. In theory, the plan which addresses branding and operational gaps could deliver positive results, however, execution risks are significant; near-term financial performance may take a hit and long-term results remain to be seen. Liquidity position…