When an industry enjoys significant growth, individual stock valuations often rise with the tide. This firm’s inability to grow profits amidst record industry revenues raises a red flag. Add in significant competition, lagging margins, and an overvalued stock price, and it’s hard to justify any bull case. Nevertheless, this stock is up 48% over the past year. For these reasons and more,....More>>>
GOP Proposes Radical Change to 401(k) System
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What to Make of Merrill’s Reorg, New Ads
Bank of America’s first-quarter profits jumped 40% to $4.86 billion, up from $3.47 billion a year ago. Per-share earnings were $0.41, beating estimates and last year’s $0.38 EPS.
Revenue rose 7% to....More>>>
Dear Evan Hansen of铿cially opened at the Music Box Theater on Dec. 4, moving to Broadway after a hugely successful run at the Second Stage Theater in New York earlier this year. With an impressive creative team, a bold, original new story and a wave of good buzz behind it, Dear Evan Hansen may become the next Broadway sensation and the season’s breakout hit.
Leading the cast....More>>>
William Patalon III
After reading our Private Briefing update on the growth strategy being employed by miner Goldcorp Inc. (NYSE: GG), subscriber John P. sent me this note over the weekend:
“Good report on GG: I like this one a lot – it may go to $50.”
We’re glad when we deliver research and perspective that you folks find valuable.
The Short Thesis
Terreno Realty’s (NYSE:TRNO) multiple is materially out of line with its quality. It trades as one of the most expensive REITs, (24X 2017 estimated FFO) yet it is wrought with problems including lack of transparency and ambitious acquisitions predicated in aggressive underwriting. We anticipate it trading down to a multiple closer to the average of the industrial REITs....More>>>