- Cardinal Health, Inc. (CAH:USA) currently trades below historical averages relative to UAFRS-based (Uniform) Earnings, with a 13.3x Uniform P/E, implying bearish expectations for the firm. However, management is excited about agreements with manufacturers, payments, and reinvesting in the business...
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January 28, 2019
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January 28, 2019
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 Bottomline Technologies (de), Inc. (EPAY), Wolverine World Wide, Inc. (WWW), Verisk Analytics, Inc. (VRSK)...
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January 25, 2019
Ctrip International, Ltd. (CTRP:USA) currently trades at recent lows relative to UAFRS-based (Uniform) Earnings, with a 15.3x Uniform P/E, implying bearish expectations for the firm. Additionally, management is concerned about the Chinese macroeconomic environment and decreasing gross margins, as well as their growth outlook...
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January 25, 2019–CDS 1,129bps, Base Case iCDS 726bps–Negative Case iCDS 1,091bps, 2023 3.875% Bond YTW of 12.45%, iYTW of 6.85%– B2 Rating from Moody’s, IG4 (equivalent to Baa2) Rating from Valens– Low Refinancing Need Read MoreJanuary 25, 2019
This week the Valens Research team highlights our most interesting equity insight from across our tools and our analysis. EBAY is a winning investment with robust returns, strong economic moats, and management that is properly aligned and showing more confidence that imply low market expectations are too pessimistic...
Read MoreJanuary 24, 2019Highlighted Top Ideas AMD – Advanced Micro Devices, Inc. BZH – Beazer Homes USA, Inc. UIS – Unisys Corporation Other Recent Analyses RAD – Rite Aid Corporation DNR – Denbury Resources Inc....
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