Moody’s Corporation (MCO:USA)currently trades around historical highs relative to UAFRS-based (Uniform) Earnings, with a 22.9x Uniform P/E implying fairly bullish expectations for the firm. However, management has concerns about revenue growth and margin expansion...
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July 13, 2018
Costco Wholesale Corporation (COST:USA)currently trades above corporate averages relative to UAFRS-based (Uniform) Earnings, with a 27.5x Uniform P/E, implying bullish expectations for the firm. However, management has concerns about growth and market trends...
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July 12, 2018
Highlighted Top Ideas AGN – Allergan plc MDR – McDermott International, Inc. OC – Owens Corning Other Recent Analyses MLM – Martin Marietta Materials, Inc....
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July 11, 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: j2 Global, Inc. Other Highlights: ASGN, NKE, WGO Other Recent Analyses: AMKR, CARS, CCL, FCX, ICE, INTU, LCII, LUV, MU, SUM, THS, TJX...
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July 10, 2018– 969bps CDS, Base Case iCDS 345bps– Negative Case iCDS 612bps, 2023 5.000% Bond YTW of 11.508%, iYTW of 6.188%– B1 Rating from Moody’s, IG4 (equivalent to Baa2) Rating from Valens– Low Refinancing Need Read MoreJuly 9, 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 Amdocs Limited (DOX), Henry Schein, Inc. (HSIC), Jack Henry & Associates, Inc. (JKHY)...
Read MoreJuly 9, 2018NIKE, Inc. (NKE:USA)currently trades near historical highs relative to UAFRS-based (Uniform) Earnings, with a 30.9x Uniform P/E, implying bullish expectations for the firm. However, management has concerns about their digital, costs, and their initiatives...
Read MoreJuly 6, 2018This week the Valens Research team highlights our most interesting equity insight from across our tools and our analysis. While markets have grown impatient with LRCX, growing management confidence, strong corporate execution, and long-term macro tailwinds spell opportunity coming...
Read MoreJuly 5, 2018Winnebago Industries, Inc. (WGO:USA)currently trades near historical lows relative to UAFRS-based (Uniform) Earnings, with a 10.8x Uniform P/E. At these levels, markets have bearish expectations for the firm, despite bullish expectations from analysts, and given management’s confidence about their costs and ability to compete, further upside may be warranted...
Read MoreJuly 5, 2018Highlighted Top Ideas GM – General Motors Company PKD – Parker Drilling Company TWTR – Twitter, Inc. Other Recent Analyses GT – The Goodyear Tire & Rubber Company TMUS – T-Mobile US, Inc....
Read MoreJuly 4, 2018j2 Global, Inc. (JCOM:USA)currently trades below corporate averages relative to UAFRS-based (Uniform) Earnings, with a 13.8x Uniform P/E. At these levels, the market has bearish expectations for the firm, but management is confident about their initiatives and growth potential in their fax business...
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