Valuentum Exclusive Analysis for the Discerning Investor

Symbol Keyword

Mar 27, 2024

Boeing Shakes Up Executive Team
Image Source: Kanesue. We like the shake-up in the executive suite at Boeing, and while there is much work to do to get Boeing back on track to improve relations with the public regarding the safety of their planes following a number of incidents the past few years, we're optimistic the changes will be a means to that end. Boeing continues to benefit from its oligopolistic position in the aircraft making industry, and its backlog of unfulfilled deliveries remains robust. We're not changing our fair value estimate of Boeing as a result of the management shakeup, but we don't have any plans of adding Boeing to any newsletter portfolio at this time either.

Mar 24, 2024

Ameresco’s Shares Under Pressure Despite Record Backlog and Asset Pipeline Metrics
Image Source: Ameresco’s backlog of opportunities remains robust. We like the trajectory of Ameresco’s backlog, its order momentum as well as commentary that “proposal activity (remains) at an all-time high.” The company’s track record and technical know-how suggest to us that win rates will likely continue to be healthy. That said, we continue to monitor Ameresco’s debt position and adjusted operating cash flow trends closely, and while the firm remains an idea in the ESG Newsletter portfolio, we’re viewing it as a source of cash should another ESG idea present a better risk-reward opportunity.

Mar 22, 2024

Dividend Increases/Decreases for the Week of March 22
Let's take a look at firms raising/lowering their dividends this week.

Mar 15, 2024

Dividend Increases/Decreases for the Week of March 15
Let's take a look at firms raising/lowering their dividends this week.

Mar 10, 2024

Abercrombie & Fitch’s Mighty Comeback!
Image Source: Abercrombie & Fitch. Abercrombie & Fitch is experiencing a resurgence as the company reconnects with its target market, and the traction it has regained with its customers is quite something. The firm noted that it continues to experience strong momentum across its brand portfolio, and its long-term target is to achieve $5 billion in global sales (its sales were $4.3 billion in its most recent fiscal year). For 2024, it expects net sales to expand 4%-6%, and for its operating margin to be ~12%, up 60 basis points from the mark it reached last year. Abercrombie swung to being significantly free cash flow positive in its most recently completed fiscal year, and it ended the period with a net cash position. The company’s comeback has been nothing short of remarkable. Fickle fashion trends make the stock difficult to consider for long-term investors, however.

Mar 8, 2024

Dividend Increases/Decreases for the Week of March 8
Let's take a look at firms raising/lowering their dividends this week.

Mar 6, 2024

ESG Matters: KMB, ADM, CC
Image: Chemours stock has been pummeled recently over an accounting probe. Kimberly-Clark is facing a new lawsuit that alleges it put dangerous "PFAS" chemicals into the environment, while ADM and Chemours face serious inquiries into their accounting practices.

Mar 1, 2024

Dividend Increases/Decreases for the Week of March 1
Let's take a look at firms raising/lowering their dividends this week.

Feb 26, 2024

Domino’s Puts Up Strong Comp in Fourth Quarter, Approves Another $1 Billion in Buybacks, Raises Dividend
Image: Domino’s free cash flow increased meaningfully in fiscal 2023. On February 26, Domino’s Pizza reported mixed fourth-quarter results, but comparable store sales came in better than expectations and the firm announced an additional $1 billion in buybacks, while it raised its dividend ~25%. We’re huge fans of Domino’s due in part to its heavily franchised business model, impressive digital initiatives, as well as its long-term unit growth prospects. The high end of our fair value estimate range of Domino’s stands at $569 per share, and we see meaningful upside from today’s price levels (~$465 per share) given the fundamental momentum at the firm.

Feb 25, 2024

We Remain Bullish; Is This 1995 – The Beginning of a Huge Stock Market Run?
Image: Large cap growth stocks have trounced the performance of the S&P 500, REITs, and bonds since the beginning of 2023. We expect continued outperformance in this area of the market. We’re now roughly four years past the depths of the COVID-19 meltdown, where equities collapsed in February and March of 2020. As the markets began to recover through 2020, our long-term conviction in equities only grew stronger. We think the biggest risk for long-term investors remains staying out of the market on the basis of what could be considered stretched valuation multiples. As we outlined heavily in the book Value Trap, valuation multiples hardly tell the complete story about a company and often omit key long-term earnings growth, cash flow dynamics, and balance sheet health considerations. We remain bullish on equities for the long haul, and we think the next couple years will be incredibly strong. Our best ideas can be found in the Best Ideas Newsletter portfolio, Dividend Growth Newsletter portfolio, High Yield Dividend Newsletter portfolio, ESG Newsletter portfolio, and via the Exclusive publication as well as options idea generation.