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March 29, 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. TransUnion (TRU),Teradata Corporation (TDC),Envestnet, Inc. (ENV)...
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March 28, 2019
Highlighted Top Ideas BLDR – Builders FirstSource, Inc. DAL – Delta Air Lines, Inc. R – Ryder System, Inc. Other Recent Analyses CHK– Chesapeake Energy Corporation CYH– Community Health Systems, Inc....
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March 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: MasTec Inc. Other Highlights: PLNT, RYI, ZTS Other Recent Analyses: AN, CARS, CHK, CTSH, CZR, DISH, DLPH, INFY, MPC, MYL, RIG, SEDG, SSTK, UNFI, WMT, XRAY...
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March 27, 2019
Mallinckrodt plc (MNK:USA) currently trades near historical lows relative to UAFRS-based (Uniform) Earnings, with a 6.5x Uniform P/E, implying bearish expectations for the firm. However, management is confident in Acthar sales growth, the potential of ongoing studies, and their ability to sustain free cash flow...
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March 26, 2019–No Traded CDS, Base Case iCDS 267bps–Negative Case iCDS 942bps, 2024 3.500% Bond YTW of 9.430%, iYTW of 2.780%–B2 Rating from Moody’s, HY1 (equivalent to Ba2) Rating from Valens–Moderate Refinancing Need Read MoreMarch 26, 2019
Fox Factory Holding Corp. (FOXF:USA) currently trades above corporate averages relative to UAFRS-based (Uniform) Earnings, with a 23.1x Uniform P/E. Even at these levels, the market has bearish expectations for the firm, and management has concerns about their ability to meet revenue guidance, non-legacy business product launches, and relationships in the automobile market...
Read MoreMarch 25, 2019Each 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. EMCOR Group, Inc. (EME), MarketAxess Holdings Inc. (MKTX), Allergan plc (AGN)...
Read MoreMarch 25, 2019Cars.com Inc. (CARS:USA) currently trades below recent averages relative to UAFRS-based (Uniform) Earnings, with a 19.4x Uniform P/E, implying bearish expectations for the firm. Moreover, management has concerns about their revenue guidance, dealer growth, digital solutions, and technology initiatives...
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