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February 9, 2018
This week the Valens Securities team highlights our most interesting equity insight from across our tools and our analysis. Even after LRCX’s dramatic rise over the past year, market expectations appear entirely too pessimistic, considering the company’s execution and macro tailwinds...
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February 9, 2018
Graphic Packaging Holding Company (GPK:USA) currently trades above historical averages relative to UAFRS-based (Uniform) Earnings, with a 24.8x Uniform P/E, implying bullish expectations for the firm. However, management has concerns about costs, margins, and their planned partnership...
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February 8, 2018
Walgreens Boots Alliance, Inc. (WBA:USA) currently trades around corporate averages relative to UAFRS-based (Uniform) Earnings, with a 20.0x Uniform P/E, implying somewhat bullish expectations for the firm. However, management has concerns about strategic partnerships, European markets, and growth...
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February 8, 2018
Highlighted Top Ideas BLDR – Builders FirstSource, Inc. DNR – Denbury Resources Inc. UVV – Universal Corporation Other Recent Analyses CCO – Clear Channel Outdoor Holdings, Inc. GME – GameStop Corp....
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February 8, 2018– No Traded CDS, Base Case iCDS 312bps– Negative Case iCDS 316bps, 2023 3.000% Bond YTW of 3.302%, iYTW of 5.592%– BBB Rating from S&P, XO (equivalent to BBB-) Rating from Valens– High Refinancing Need Read MoreFebruary 7, 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: Lam Research Corporation (LRCX) Other Highlights: DNR, DOOR, WGO Other Recent Analyses: AL, AVB, BAH, BLDR, CCO, EA, FLR, FLS, GME, GOGO, HL, MTW, NFLX, NKE, TAP, WU...
Read MoreFebruary 7, 2018Netflix, Inc. (NFLX:USA) currently trades at historical highs relative to UAFRS-based (Uniform) Earnings, with a 74.6x Uniform P/E, implying bullish expectations for the firm. However, management has concerns about costs, investments, and pricing...
Read MoreFebruary 6, 2018Jack in the Box (JACK:USA) currently trades at recent highs relative to UAFRS-based (Uniform) Earnings, with a 27.4x Uniform P/E, implying bullish expectations for the firm. However, management has concerns about industry trends, franchising, and their initiatives...
Read MoreFebruary 5, 2018Each 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 Lam Research Corporation (LRCX), Thermo Fisher Scientific Inc. (TMO), Microsoft Corporation (MSFT)...
Read MoreFebruary 5, 2018Nike, Inc. (NKE:USA) currently trades near historical highs relative to UAFRS-based (Uniform) Earnings, with a 29.0x Uniform P/E, implying bullish expectations for the firm. However, management has concerns about investments and their growth outlook...
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