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Recent Articles
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View Current and Archived Best Ideas Newsletters
Dec 14, 2025
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View previous editions of the Best Ideas Newsletter in this article.
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Valuentum's Best Ideas Newsletter Portfolio
Dec 14, 2025
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We disclose the holdings of the portfolio of the Best Ideas Newsletter in this article. This portfolio can always be found in each edition of the monthly Best Ideas Newsletter.
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Oracle Has Turned Into a Net Debt Heavy, Free Cash Flow Burning Enterprise
Dec 12, 2025
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Image Source: TradingView.
Oracle ended the fiscal second quarter with $19.8 billion in cash and marketable securities and $108.1 billion in notes payable and other borrowings. For the six months ended November 30, cash flow from operations was $10.2 billion, while capital expenditures were $20.5 billion, resulting in meaningfully negative free cash flow. For the tailing twelve months ended in the second quarter of fiscal 2026, cash flow from operations was $22.3 billion, while capital expenditures were $35.5 billion, resulting in negative free cash flow of $13.2 billion. On the call, management noted that its fiscal 2026 revenue expectations of $67 billion remains unchanged, but that capital spending will be about $15 billion higher than it forecasted at the end of the first quarter. Since Oracle is now a net-debt heavy, free cash flow burning enterprise, we now view shares as a source of cash in the newsletter portfolios.
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Macy’s Raises Outlook for 2025
Dec 8, 2025
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Image Source: TradingView.
Macy’s revised its 2025 guidance, raising its net sales and adjusted diluted earnings per share targets. Its updated guidance reflects a consumer that is more “choiceful” in the fourth quarter and that current tariffs remain in place. Net sales for 2025 are targeted in the range of $21.475-$21.625 billion, up from $21.15-$21.45 billion previously. Go-forward comparable O+L+M sales change is now expected to be flat to up 1% versus down 1.5% to flat previously. Core adjusted EBITDA margin is targeted in the range of 7.5%-7.7% compared to 7.0%-7.5% previously. Adjusted earnings per share for the year is expected in the range of $2.00-$2.20, up from $1.70-$2.05 previously.
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