Valens in the News

When you buy a stock, you’re saying, I’m smarter than the market – that the collective wisdom of crowds has not realized that this stock has opportunity.

MA is also seeing positive trends in their positioning in Asia Pacific, and domestically.

GME is a company that’s easy to dislike, since it’s a challenging business. 

Southwest is not the best in class company amongst their peers.

On an as-reported basis GM still looks like a middling company with a weak 3 percent return on assets, and (GAAP EPS) that was 22 cents last year, down from $6 the prior year.

The biggest reason why investors are flocking to US equities is because of the strong fundamentals that are driving U.S. equities versus other markets.

GAAP accounting statements do not sufficiently highlight how strong NVDA’s performance has been the past three years.

The reason GILD has had such strong returns historically is they effectively own the treatment market for HIV and for hepatitis and other liver diseases.

Joel Litman, President & CEO of Valens Research, joins to the show to discuss the disruption in the real estate market and who’s taking advantage of the opportunities.

While disruption exists all around, innovation goes beyond increasing a company’s bottomline—there is a bigger, more meaningful goal as organizations respond to disruption. 

The market appears to have ample more room to run in this bull market.

Litman talks value as equity markets remain elevated amid recent volatility.

The confidence markers are strong for most large companies.

GAAP and IFRS have let investors down for decades. Global comparisons of business performance and valuations under GAAP and IFRS are now impossible. GAAP’s wide range of inconsistent accounting policies makes even peer analysis of EPS and P/Es misguided and flawed.

Based on traditional accounting methods, Facebook’s ROA is 14%. That’s better than the average S&P 500 company, but it’s not great.