WDC – Traded CDS 300bps, Base Case iCDS 90bps
Negative Case iCDS 229bps, 2026 4.750% Bond YTW of 5.977%, iYTW of 3.909%
Baa3 Rating from Moody’s, IG4+ (equivalent to Baa1) Rating from Valens
Low Refinancing Need...
Read MoreThe Latest from Uncategorized News
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April 14, 2022
Applied Materials (AMAT) currently trades below corporate but near historical averages relative to Uniform earnings, with a 13.9x Uniform P/E (Fwd. V/E’)....
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March 16, 2022
Featured Top Idea
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AAL – American Airlines Group Inc.
Close Trade: 2025 3.750% Bonds CUSIP: 02376RAE2 (6.794% YTW, 3.064% iYTW)... -
February 23, 2022
Nasdaq, Inc. (NDAQ) currently trades near corporate but above historical averages relative to Uniform earnings, with a 24.1x Uniform P/E (Fwd. V/E’)....
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November 15, 2021
Snap Inc. (SNAP) currently trades above corporate averages relative to Uniform earnings, with an 88.8x Uniform P/E (Fwd. V/E’)...
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July 13, 2021
Incyte Corporation (INCY:USA) ccurrently trades well below corporate averages relative to UAFRS-based (Uniform) earnings, with an 8.7x Uniform P/E. At these levels, the market is pricing in bearish expectations for the firm...
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July 9, 2021
OTEX – No Traded CDS, Base Case iCDS 153bps
Negative Case iCDS 214bps, 2026 5.875% Bond YTW of 1.867%
iYTW of 2.397%, Ba1 Rating from Moody’s, IG4 (equivalent to Baa2) Rating from Valens
Low Refinancing Need...
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May 19, 2021
Featured Top Idea
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DAL – Delta Air Lines, Inc.
Trade: Buy 2024 2.900% Bonds CUSIP: 247361ZU5 (2.618% YTW, 1.328% iYTW)
Trade: Buy 2025 7.000% Bonds CUSIP: 247361ZX9 (2.716% YTW, 1.846% iYTW)
Trade: Buy 2026 7.375% Bonds CUSIP: 247361ZZ4 (3.319% YTW, 1.809% iYTWW)... -
June 25, 2020
Alliance Data Systems Corporation (ADS:USA) currently trades at a historical low relative to UAFRS-based (Uniform) earnings, with a 6.0x Uniform P/E. At these levels, the market has bearish expectations for the firm...
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April 2, 2020
The Trade Desk, Inc. (TTD:USA) is currently trading at a 44.4x UAFRS-based (Uniform) P/E, which is above peer averages. At these levels, the market has bearish expectations for the firm...
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March 20, 2020
Security Bank took its time before launching its first equity UITF. Other major Philippine banks had already enjoyed a five-year head start when Security Bank established its equity UITF in 2010,...
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March 16, 2020
Integra LifeSciences Holdings Corporation (IART:USA) currently trades near corporate averages relative to UAFRS-based (Uniform) Earnings, with a 22.7x Uniform P/E. At these levels, markets are pricing in bearish expectations for the firm...
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October 17, 2019
When someone refers to the titans of finance, people often think of names like Steven Schwartzman in private equity, Jamie Dimon in traditional banking, Ken Moelis in investment banking, or Steve Cohen for hedge funds. But this is really missing the forest from the trees....
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October 3, 2019
Highlighted Top: AER – AerCap Holdings N.V. , CAR – Avis Budget Group, Inc. , CVS – CVS Health Corporation ...
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September 14, 2019
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July 19, 2019
Adobe Inc. (ADBE:USA) currently trades above recent averages relative to UAFRS-based (Uniform) Earnings, with a 40.7x Uniform P/E, implying bullish expectations for the firm. However, management has concerns about their margins, revenue targets, and the Adobe Experience Platform...
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