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February 20, 2018
UnitedHealth Group Incorporated (UNH:USA) currently trades near corporate averages relative to UAFRS-based (Uniform) Earnings, with a 19.8x Uniform P/E. At these levels, the market has bearish expectations for the firm, but management is confident about cash flows and their long-term positioning...
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February 20, 2018
Each week, Valens focuses on several companies that were analyzed in the prior week, where material distortions caused by as-reported GAAP accounting need to be corrected to understand a company’s economic fundamentals. This week, we focus on Twitter, Inc. (TWTR), Celgene Corporation (CELG), CVS Health Corporation (CVS)...
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February 16, 2018
The New York Times Company (NYT:USA) currently trades near recent highs relative to UAFRS-based (Uniform) Earnings, with a 23.1x Uniform P/E, implying bullish expectations for the firm. However, management has concerns about revenue, growth, and costs...
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February 16, 2018
This week the Valens Securities team highlights our most interesting equity insight from across our tools and our analysis. Management focus on maintaining ROA’ and confidence about driving growth mean market expectations for ROA’ declines are too pessimistic and the company is undervalued...
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February 15, 2018
Highlighted Top Ideas AL – Air Lease Corporation HTZ – Hertz Global Holdings, Inc. WU – The Western Union Company Other Recent Analyses CAR – Avis Budget Group, Inc....
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February 15, 2018
United States Steel Corporation (X:USA) currently trades near recent averages relative to UAFRS-based (Uniform) Assets, with a 0.7x Uniform P/B, implying bearish expectations for the firm. However, management is confident in their safety programs, quality and reliability improvements, and working capital management...
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February 14, 2018
AK Steel Holding Corporation (AKS:USA) is currently trading at valuations below UAFRS-based (Uniform) Assets, with a 0.7x Uniform P/B, implying bearish expectations for the firm. However, management is confident about their outlook, innovation, and fundamentals...
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February 14, 2018
Each week the Valens Securities team highlights our most interesting insights from across our tools and our analysis, including individual company industry and macro insights Top Highlight: Netflix, Inc. (NFLX) Other Highlights: GPK, JACK, NAV Other Recent Analyses: CAR, DAL, FDX, FL, FND, GOOGL, GRA, HON, LEA, LEN, LUV, SVU, ULTA, VZ, WBA, XRAY...
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February 13, 2018
Citrix System, Inc. (CTXS:USA) currently trades near corporate averages relative to UAFRS-based (Uniform) Earnings, with a 21.8x Uniform P/E. At these levels, markets are pricing in overly-bearish expectations for the firm, and longer-term outperformance would therefore be justified should CTXS just maintain profitability at current levels. Considering management’s positive sentiment regarding integrations, win rate, and their restructuring, this scenario is likely...
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February 12, 2018
Alphabet Inc. (GOOGL:USA) trades near historical averages relative to UAFRS-based (Uniform) Earnings, with a 23.2x Uniform P/E. At these levels, the market has fairly bearish expectations for the firm, which is likely unwarranted given management’s confidence about Made by Google hardware products and their Grow with Google initiative...
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February 12, 2018
Each week, Valens focuses on several companies that were analyzed in the prior week, where material distortions caused by as-reported GAAP accounting need to be corrected to understand a company’s economic fundamentals. This week, we focus on Twitter, Inc. (TWTR), Celgene Corporation (CELG), CVS Health Corporation (CVS)...
Read More