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The Latest from
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November 14, 2018
Alphabet, Inc (GOOGL:USA)currently trades below corporate averages relative to UAFRS-based (Uniform) Earnings, with a 16.7x Uniform P/E, implying fairly bearish expectations for the firm. While management may have concerns about the Pixel, foreign exchange volatility, and Verily, the firm’s leadership position in its space and lack of management concern about competitive or expense pressures suggest longer-term upside remains warranted...
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November 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: Garmin, Ltd. Other Highlights: FB, PANW, SCS Other Recent Analyses: ABM, ABT, AMZN, ASML:NLD, CASY, CTXS, DG:FRA, GIII, IRBT, LMT, NOVN:CHE, PM, SIE:DEU, SLB, SYY, VEC:GBR...
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November 14, 2018
Corporations inherently need some level of cash to operate their
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business, without which they would have liquidity issues and
customers and suppliers would be hesitant to build long-term
relationships with them…... -
November 13, 2018
FactSet Research Systems Inc. (FDS:USA)trades above historical averages relative to UAFRS-based (Uniform) Earnings, with a 23.2x Uniform P/E, implying somewhat optimistic expectations for the firm. However, management has concerns about their share repurchasing and dividend strategy, ability to meet revenue guidance, and grow their professional services business...
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November 12, 2018
Schlumberger Limited (SLB:USA)currently trades at historical lows relative to UAFRS-based (Uniform) Assets, with a 2.3x Uniform P/B. However, even at these levels, the market has bullish expectations for the firm, while management has concerns about their global market share, their sales across multiple segments, and margin compression...
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November 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 Wyndham Destinations (WYND), Array BioPharma, Inc. (ARRY), EPAM Systems, Inc. (EPAM)...
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November 9, 2018
This week the Valens Research team highlights our most interesting equity insight from across our tools and our analysis. The market is concerned about rapid profitability and growth declines, while management continues to see strong execution, spelling upside potential...
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November 9, 2018
Garmin Ltd (GRMN:USA)currently trades below corporate averages relative to UAFRS-based (Uniform) Earnings, with a 16.3x Uniform P/E. At these levels, the market is pricing in bearish expectations for the firm, which is unwarranted given management’s confidence in their Fenix watch series margin and growth potential, and in their ability to expand their wearables business. As such, outperformance is likely justified...
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November 8, 2018
Palo Alto Networks, Inc. (PANW:USA)currently trades above corporate averages relative to UAFRS-based (Uniform) Earnings, with a 30.0x Uniform P/E. However, even at these levels, the market has bearish expectations for the firm, and management has concerns about their ability to counter cyber-criminals, Application Framework and Logging Service margins, and their ability to succeed as a product company in the industry...
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November 8, 2018
Highlighted Top Ideas AKS – AK Steel Holding Corporation DLX – Deluxe Corporation FCX – Freeport-McMoRan Inc. Other Recent Analyses LEE – Lee Enterprises, Incorporated MTOR – Meritor, Inc. AMD – Advanced Micro Devices, Inc....
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November 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: NXP Semiconductors N.V. Other Highlights: AAPL, INFO, PAYX Other Recent Analyses: 5108:JPN, APD, AZO, BHP:AUS, CXO, EA, ECL, FIS, FIVE, HM B:CHE, IBM, KFY, PAYX, PM, ROST, VFC, WU...
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November 7, 2018
Facebook, Inc. (FB:USA)currently trades below corporate averages relative to UAFRS-based (Uniform) Earnings, with a 15.0x Uniform P/E. At these levels, markets are pricing in extremely bearish expectations for the firm, which appears unwarranted, given management’s confidence in their improved advertising efficiency, growing user engagement rates, and monthly active users...
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