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 Morningstar, Inc. (MORN), Spectrum Brands Holdings, Inc. (SPB), Activision Blizzard, Inc. (ATVI)...
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July 2, 2018
UnitedHealth Group Incorporated (UNH:USA)currently trades above recent averages relative to UAFRS-based (Uniform) Earnings, with a 20.5x Uniform P/E. However, even at these levels, the market has bearish expectations for the firm, but management is confident about capital deployment, margins, and growth...
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July 1, 2018
Leonard Chua, Head of Global Research of Citisecurities, Inc. Metro Manila, Philippines ...
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June 29, 2018
The Estée Lauder Companies Inc. (EL:USA)currently trades at historical highs relative to UAFRS-based (Uniform) Earnings, with a 31.4x Uniform P/E, implying bullish expectations for the firm. Moreover, management is confident about growth, demand, and competition...
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June 28, 2018
Highlighted Top Ideas CSTM – Constellium N.V. CVI – CVR Energy, Inc. MEG – MEG Energy Corp. Other Recent Analyses EXPE – Expedia Group, Inc. R – Advanced Micro Devices, Inc....
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June 27, 2018
Colgate-Palmolive Company (CL:USA)currently trades below recent averages relative to UAFRS-based (Uniform) Earnings, with a 20.7x Uniform P/E. However, even at these levels, the market has bullish expectations for the firm, and management is confident about growth, Hill’s, and e-commerce...
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June 27, 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: Korn/Ferry International Other Highlights: DIS, MMC, TGT Other Recent Analyses: 6501:JPN, AVGO, CNX, COHR, EBAY, ETN, GT, LIN:DEU, MLM, NSC, PLOW, REVG, SAFM, TMO, XRAY...
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June 26, 2018
Lowe’s Companies, Inc. (LOW:USA)currently trades near historical averages relative to UAFRS-based (Uniform) Earnings, with a 22.5x Uniform P/E. At these levels, the market has bullish expectations for the firm, but management has concerns about their Pro customers, seasonality, and comps...
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June 25, 2018
Target Corporation (TGT:USA)currently trades near historical averages relative to UAFRS-based (Uniform) Earnings with a 19.2x Uniform P/E. At these levels, the market is pricing in expectations for the firm to see profitability stabilize around recent levels, and management is confident about digital channel growth and initiatives...
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June 25, 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 Inter Parfums, Inc. (IPAR), The Interpublic Group of Companies, Inc. (IPG), Fortinet, Inc. (FTNT)....
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