8 Announcements. This article was sent to members via email March 27.
By Brian Nelson, CFA
Hi everyone,
Brian here. Trust you are doing great! Here are eight announcements I want you to be aware of:
- Everything we do is for our members. We’re very proud of the outperformance of the Best Ideas Newsletter portfolio, that we’ve never had a dividend cut in the Dividend Growth Newsletter portfolio, that our high-yield ideas are holding up very well, and the success rates of the Exclusive capital-appreciation ideas and short-idea considerations are running at approximately 80%. We’re proud to be your research partner.
- The odds of a Fed rate cut are going up as yield-curve inversion continues to threaten. The risks are more behavioral in nature, in our view. Still, I think this is a good thing for high-yield equities as pressure from rate hikes eases. Read more about our High Yield Dividend Newsletter here. This is also really good for the dividend growth ideas in the Dividend Growth Newsletter portfolio (see portfolio here).
- Did you know that we’re one of the few investment research firms that publishes hundreds of newly-updated fair value estimates each and every month? It’s all worth it, too. Have you read our study on the incidences of price-to-fair value convergence? See here (pdf), if interested. Our article feed is continuously updated with fresh reports and fair value estimates.
- The second-quarter 2019 Financial Advisor Level membership publications will be released on April 15. This will give members time to digest the coming Dividend Growth Newsletter and High Yield Dividend Newsletter, both to be released on the first of April. If you are interested in a financial advisor level membership, including access to the discounted cash-flow models, please let us know.
- We’re making some great strides with the 40/40 goal. For those that have just heard about this goal, it’s entirely up to our members to make it happen. I need your help. We’d like to achieve 40 book reviews on Amazon for Value Trap, and achieve a 40% response rate for a very, very important survey we’ll be releasing in the coming weeks/months. If you’ve read Value Trap, go straight to Amazon and leave a review. I’d appreciate it much. Thanks! Submit review here >>
- How is Visa (V) our top idea? It is the top weighting in the Best Ideas Newsletter portfolio. Check out the recent performance update here. We use the Valuentum Buying Index as a timeliness overlay to help us consider the timing of new undervalued adds to the Best Ideas Newsletter portfolio. We don’t use the VBI in isolation. It is a methodology to surface new ideas for consideration within the context of a portfolio. Our best ideas are always included in the newsletter portfolios, themselves. See more about how we use our methodology, How To Think About Our Methodology In Action.
- The archives to the Exclusive publication are held on a completely different website than your regular premium membership. That website can be found here. Only Exclusive members have access to the password to the archives. More information on the Exclusive can be found here. The High Yield Dividend Newsletter archives are only available via email.
- The book tour schedule is rapidly filling up. I’ll be Chicago on April 13, Silicon Valley on May 11, Twin Cities on August 3, and St. Louis on September 17. Cleveland and Los Angeles are in the works, and we’ll be in Phoenix in October 2020. Come visit us! We’ll have more specifics as the dates approach.
Those are the 8 announcements! Now, let’s get to the top research you may have missed.
Top Research You May Have Missed
Short-Term Headwinds Aside, Applied Materials Has a Bright Dividend Growth Trajectory, Mar 26
Applied Materials’ strong free cash flow generation drives our favorable opinion of its dividend health, but investors should not ignore the inherent volatility and rapidly-changing dynamics of the semiconductor space, which introduces additional risk to our forecasts of future free cash flows. Near-term headwinds are prevalent for the company, but we think it is well-positioned to capitalize on future growth opportunities, thanks in part to a dedication to robust R&D spending.
Tenneco’s Shares Undervalued Leading Up to Business Separation, Mar 26
We think shares of Tenneco are undervalued as the company gears up to complete a business separation in the back half of 2019, but we’re not interested in the stock as a great deal of uncertainty surrounds not only the company itself but the auto supplier industry in general. Expectations for a decline in global light vehicle production in 2019 coupled with heightened concerns over the pace of global economic growth do not bode well for the group, and the auto landscape is one that may see material change in coming years.
Reports on Stocks in the Telecom Services Industry, Mar 26
Our reports on stocks in the Telecom Services industry can be found in this article. Reports include BCE, CTL, EQIX, FTR, S, T, TMUS, VOD, VZ.
Don’t Forget: Leave a Review of Value Trap on Amazon. See here >>
Brian Nelson, former Director of Methodology at Morningstar and President of Investment Research at Valuentum, explains how enterprise valuation forms the Theory of Universal Valuation and why a focus on it may not only help you avoid value traps, but also save you from the next financial crisis.
How to Think About Our Methodology In Action, Mar 22
Let’s talk about the newsletter portfolios, some areas where we’ve made mistakes, and how some members use our services.
Reports on Stocks in the Household Durables Industry, Mar 22
Our reports on stocks in the Household Durables industry can be found in this article. Reports include ETH, LEG, LZB, NWL, SNBR, TPX, WHR.
Reports on Stocks in the Media Entertainment Industry, Mar 22
Our reports on stocks in the Media Entertainment industry can be found in this article. Reports include CNK, DIS, IMAX, ISCA, LYV, MSG, NFLX, NWSA, SIRI.
Our Reports on Stocks in the Internet Content and Catalog Retail Industry, Mar 21
Our reports on stocks in the Internet Content and Catalog Retail industry can be found in this article. Reports include AMZN, BABA, BKNG, EBAY, EXPE, GRPN, IAC, OSTK, QRTEA, STMP.
Outperformance No Matter How You Measure It, Mar 20
Valuentum’s Best Ideas Newsletter portfolio is in a class by itself. Did you know that ~90% of active fund managers are underperforming their benchmarks over prolonged periods of time? The lack of volatility of the simulated Best Ideas Newsletter portfolio had been driven by its massive average cash “weighting” of 25% during its history, something we moved to 0% at almost the precise near-term bottom December 26, 2018.
Recent Editions of the Monthly Newsletters
The Newsletter Portfolios are Housed in These Monthly Publications
Dividend Growth Newsletter, March 2019 (pdf download)
Best Ideas Newsletter, March 2019 (pdf download)
The Exclusive Archives (password required)
The High Yield Dividend Newsletter archives are only available via email at this time.
Next Up: The April edition of the Dividend Growth Newsletter and the April edition of the High Yield Dividend Newsletter will be released April 1. The April edition of the Exclusive is scheduled for release Saturday, April 6. The quarterly Financial Advisor publications, including the DataScreener, are due to be released in April 15.
In Case You Missed It
Financial Advisor Level Publications
In early January, we released our Financial Advisor Publications, including the DataScreener, via email to financial advisor level members. If you have not received them or would like to upgrade your membership to do so, please contact us at info@valuentum.com. The next editions of the financial advisor publications will be released April 15.
If you are a financial advisor level member and you haven’t yet taken advantage of our fully-populated valuation models, please send an email to info@valuentum.com including the tickers of those you’d like to view. We are available for any questions.
Brian Nelson In Chicago April 13!
Contact Kevin Truitt at kevin.truitt@att.net or Kolita Keys at keys.lits@gmail.com for more information!
Praise for Value Trap: Theory of Universal Valuation
Value Trap: Theory of Universal Valuation is Valuentum’s first book on finance. If you haven’t read it yet, pick up a copy right now! Order a paperback from Amazon here, or the pdf digital copy here.
“This book is a welcome, no-nonsense addition to the many straight-shooting financial guides on the market.”
Read more from Foreward Reviews >>
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Contact Us
Valuentum Securities Inc.
P.O Box 1716
1050 Country Club Road
Woodstock, IL 60098
Brian Nelson, CFA
President, Equity Research and ETF Analysis
Kris Rosemann
kris@valuentum.com
Head of Data, Associate Investment Analyst
Chris Araos
info@valuentum.com
Stock and Dividend Analyst
Callum Turcan
info@valuentum.com
Independent Energy Contributor
Matthew Warren
info@valuentum.com
Independent Banking and Financials Contributor
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