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February 27, 2019
The Goodyear Tire & Rubber Company currently trades near recent lows relative to UAFRS-based (Uniform) Assets, with a 0.7x Uniform P/B, implying muted expectations for the firm. However, management is excited about the potential of Roll, and is confident about Tirehub’s ability to promote premium brands, their price mix, and the durability of tires for electric and commercial vehicles...
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February 27, 2019
Each week, the Valens Research team highlights our most interesting insights from across our tools and our analysis, including individual company, industry, and macro insights. Top Highlight: Cirus Logic, Inc. Other Highlights: GOOGL, PINC, TPR Other Recent Analyses: AGN, ALK, AXTA, BABA, CMCS.A, INTC, MO, RMR, SCCO, SWK, V, VZ, WDR...
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February 26, 2019
Visa Inc. (V:USA) currently trades above corporate averages relative to UAFRS-based (Uniform) Earnings, with a 26.6x Uniform P/E, implying bullish expectations for the firm. Moreover, management is confident about their client partnership deals, acquisition strategy, and international growth...
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February 25, 2019
Verizon Communications, Inc. (VZ:USA) currently trades near recent averages relative to UAFRS-based (Uniform) Earnings with a 16.9x Uniform P/E, implying muted expectations for the firm. However, management is confident about customer additions, leverage ratios, and operating revenue growth...
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February 25, 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 Adtalem Global Education, Inc. (ATGE), Gilead Sciences, Inc. (GILD), CoStar Group, Inc. (CSGP)...
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February 22, 2019
This week the Valens Research team highlights our most interesting equity insight from across our tools and our analysis. The market is worried about PINC’s legacy business being sick, and is not capturing the strong momentum in their execution into a stickier higher value add business...
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February 22, 2019
Premier Inc. (PINC:USA) currently trades below corporate averages relative to UAFRS-based (Uniform) Earnings, with a 10.2x Uniform P/E. At these levels, the market is pricing in expectations for the firm to see historically low profitability, but management is confident about the Stanson Health acquisition, bundled payments, and revenue growth across segments...
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February 22, 2019
Bull markets die on euphoria, no one looks euphoric for this market
Bull Markets are born on pessimism, grow on skepticism, mature on optimism, and die on euphoria.
– John TempletonJohn Templeton was likely the first, and unsurprisingly one of the best, at summarizing what really drives market cycles. It is likely that Templeton would look at today’s market and not yet see the euphoria he referenced in the above quote....
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