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Recent Articles
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Lockheed Martin’s Robust Backlog Speaks of Sustainable Strength
Apr 23, 2024
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Image: Shares of Lockheed have been choppy, but its fundamentals remain strong.
On April 23, Lockheed Martin reported better-than-expected first quarter 2024 results. The company's total backlog of ~$159.4 billion speaks to sustainable strength in its operations, and we continue to like shares.
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Verizon Is a Cash-Generating Machine But Its Debt Load Is Worth Watching
Apr 22, 2024
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Image Source: Verizon.
We like the progress that Verizon is making, but the company’s large net debt position is something that we’re not particularly fond of. Shares yield ~6.6% at the time of this writing.
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Procter & Gamble Raises Core EPS Guidance
Apr 19, 2024
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Image Source: P&G Q3 Earnings Presentation.
We like P&G’s long consecutive dividend growth track record (68 consecutive years), and its pricing strength was firmly on display during its fiscal third quarter. The company continues to target adjusted free cash flow productivity of 90% (operating cash flow as a percentage of net earnings), while it plans to pay $9 billion in dividends and buy back $5-$6 billion in common shares in fiscal 2024. Shares of P&G yield ~2.6% at the time of this writing.
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Netflix to Stop Reporting Membership Numbers Starting Next Year
Apr 19, 2024
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Image: Netflix still has a lot of room for growth.
From where we stand, Netflix has won the streaming wars. Nearly 270 million households across 190+ countries subscribe to its content, and with estimates that there are more than two people per household, management emphasized that it has an audience of more than a half a billion people. Netflix has further room for growth, too, as it notes that its share of TV viewing is less than 10% in every country. Management pointed to content such as the boxing match between Jake Paul and Mike Tyson, as well as live programming such as WWE Raw as a couple examples to keep audiences entertained. We like Netflix, but we can’t get comfortable adding it to any newsletter portfolio at this time.
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