Seeking Alpha
  • ModernGraham Quarterly Valuation Of V.F. Corporation
    VFC Today, 1:20 AM Benjamin Clark Comment!

    Summary

    • VFC is suitable for Enterprising Investors following the ModernGraham approach.
    • According to the ModernGraham valuation model, the company is fairly valued at the present time.
    • The market is implying a 11.95% earnings growth over the next 7-10 years, within a margin of safety relative to the rate the company has seen in recent years.
  • Magnum Hunter: Not Your Grandfather's Value Play
    MHR Today, 1:03 AM Dallas Salazar 1 Comment

    Summary

    • MHR answered the most pressing question it had to answer - liquidity is no longer an issue.
    • MHR despite being overvalued when measured by traditional metrics has serious tailwinds behind it that should move shares higher into the near term.
    • Admittedly MHR isn't my grandfathers idea of a value play but I see plenty of value in buying at these bottom prices.
  • Nokia Is Preparing For Its Android Future
    NOK Today, 12:34 AM Alcaraz Research 5 Comments

    Summary

    • A GeekBench test result hints that Nokia is already working on an Android phone.
    • Nokia can sell phones again at the end of Q4 2016.
    • The hunger marketing tactic for Nokia N1 Android tablet is effective.
  • Ulta Salon, Cosmetics & Fragrance - Everybody Likes It
    ULTA Today, 12:22 AM Sergio Heiber Comment!

    Summary

    • ULTA is growing at a very fast pace.
    • The company is just beginning to scratch the surface of its growth strategy.
    • ULTA is on course to continue its run up.
  • High Arctic Energy Services: An Out-Of-Favor Oil Service Company
    HGHAF Today, 12:19 AM Thomas Chiang Comment!

    Summary

    • High Arctic Energy Services is a Canadian company with predominately Papua New Guinea (PNG) business.
    • Two new heli-portable rigs are projected to increase annual revenue by 30 million each.
    • Exxon is the operator in PNG and has shipped its first cargo of LNG to Japan in 2014.
  • Opower: Beaten Down But Not Beat
    OPWR Today, 12:10 AM Dallas Salazar 2 Comments

    Summary

    • OPWR has been one of my worst performers since initiating coverage but I still like the name.
    • OPWR is a stand-alone player in a super lucrative space with a highly visible value prop - that's generally worked out longer term.
    • Will this story take time to play out? Yes. But OPWR isn't the nightmare it might appear to be at first glance.
    • I remain bullish OPWR's long term prospects and still recommend a long position.
  • Is Deutsche Bank A Buy Coming Out Of The Fed's Stress Tests?
    DB Yesterday, 7:38 PM Henry Stokman 3 Comments

    Summary

    • Deutsche Bank continues to be under-valued compared to its peers.
    • Next weeks Fed stress tests could create an excellent entry point into a strong European name that has potential to grow.
    • Speculation persists on the street that Deutsche Bank will again fail Phase 2 of the Fed's stress tests, but that should not mean that the company be overlooked.
  • Qualcomm Expands Further Into The LTE Baseband Space
    QCOM Yesterday, 6:54 PM All Bases Covered 1 Comment

    Summary

    • Recently, Qualcomm launched four new Snapdragon processors for mid-range, affordable mobile phones.
    • Lately, LTE basebands have been of paramount importance for the company and a total of 50% of the baseband shipments have been LTE baseband shipments to China.
    • The introduction of these new processors, therefore, will enhance the company’s financial performance significantly. Its total sales will increase both in terms of sales volume and total revenues.
    • Xiaomi has been ranked as the third-largest Smartphone manufacturer in the world. Such a client could easily help boost Qualcomm’s sales.
    • However, if things go wrong for the company, the consequences can be severe.
  • Russia Is Exxon Mobil's Future, And The Future Is Bright
    XOM Yesterday, 6:27 PM Jason Ditz 14 Comments

    Summary

    • XOM's acquisitions in Russia continued to soar in 2014 despite geopolitical concerns.
    • XOM now has more than 4 times the exploration rights in Russia as they have in the US.
    • A rising failure rate in the West means XOM's Russia exposure will be hugely important in the years to come.
  • Mario Gabelli's Recent Utility Purchases And Commentary
    GABUX Yesterday, 6:15 PM George Fisher 1 Comment

    Summary

    • Total 1-yr returns for Gabelli Utility Fund were horrible and there is a pending change in structure. However, the portfolio includes some interesting investments.
    • Gabelli increased share counts in Avista and NiSource while shares declined in Northwestern and UIL Holdings.
    • The annual report offers interesting industry outlook and company specific commentary worthy of investor's time and interest.
  • PDC Energy Is A Buy On Any Pullback As It Doubles Wattenberg Returns
    PDCE Yesterday, 6:14 PM Callum Turcan 2 Comments

    Summary

    • PDC Energy's new and improved drilling program has doubled the estimated return on its Wattenberg wells.
    • Reduced service costs, tighter frac spacing, and longer laterals have and will continue to substantially improve PDC's drilling economics.
    • Investors should watch PDC Energy's outspend, which is estimated to come in at $110 million this year, even with its hedged production.
  • My Top Communications Equipment Stocks For 2015
    AFOP, QCOM, SILC Yesterday, 5:32 PM Stan Stafford 2 Comments

    Summary

    • In this series of articles, I will be reviewing individual industry sectors and selecting my favorite stock picks for 2015.
    • For Part 11, I will be reviewing the Communications Equipment industry sector, taking a look at revenue/earnings growth, valuations, recent performance, and the overall financial stability of companies.
    • Out of this group of reviewed stocks, my top stocks for 2015 are Alliance Fiber Optic, Silicom, and Ubiquiti Networks.
  • Will Chesapeake Buy Chesapeake? It Should
    CHK Yesterday, 5:19 PM Russell Naisbitt 16 Comments

    Summary

    • As a result of the recent sale of Utica and Marcellus acreage, Chesapeake finds itself in the unusual situation of being cashed up.
    • CHK stock has fallen precipitously since it released dismal Q4 results and provided weak 2015 guidance. The stock is now trading at a significant discount to asset value.
    • For CHK, one of the best and highest uses of its cash surplus would be to accelerate the buy back to its own stock.
    • The company should consider doubling the current $1 billion buyback authorization.
  • NXP Semiconductors: Betting On Smarter Cars And Apple
    NXPI Yesterday, 5:15 PM Bill Gunderson 6 Comments

    Summary

    • NXP Semiconductors just recently announced its intention to purchase Freescale Semi.
    • The combined company has the potential to become an automotive chip powerhouse.
    • But that is not all the company has going for it.
  • Vanda Pharmaceuticals' Pipeline Goes Up In Smoke
    VNDA Yesterday, 5:07 PM Clinically Sound Investor 2 Comments

    Summary

    • Lead product candidate failed a proof of concept trial.
    • "Silver lining" that the once-a-day drug is good for 12 hours still makes it impractical.
    • Vanda is reduced to a two-product company with little experience at mainstream marketing.
  • RPC, Inc. - Still A Good Oil Services Play
    RES Yesterday, 4:19 PM Value Play Comment!

    Summary

    • We've been optimistic on RES for a couple months now, and following Q4 and annual results we'll put in another good word for the company.
    • With heavy insider ownership and buying, M&A potential, low debt, a solid 10-K, and a number of upside catalysts we still like the stock a lot.
    • The risks that remain are the same as before -- rig counts and customers in a beleaguered sector. But we see the risks already baked into the price.
  • Ford: Positives From February's Sales Report
    F Yesterday, 4:05 PM Brent A. Miller 6 Comments

    Summary

    • SUVs and trucks, larger margin vehicles, are making up more of Ford's sales in 2015.
    • The 2015 Mustang is expected to be the best selling muscle car in 2015.
    • The US automobile industry is still on track for a strong growth year in 2015.
  • Cenveo Still A Buy
    CVO Yesterday, 3:55 PM Shareholders Unite 3 Comments

    Summary

    • 2014 was not a good year for our investment thesis in Cenveo, which depends on something of a virtuous cycle of operational improvements and deleverage to ensue.
    • However, this is mostly due to one-off factors.
    • Without a mishap, the coming years look to be better, especially if the company manages to engage in asset sales and/or cheaper refinancing, the chances for both seem reasonable to us.
  • M&F Bancorp: 106 Years Of Profitable Lending
    MFBP Yesterday, 3:46 PM Fairlight Capital Comment!

    Summary

    • In its 106 year operating history, Mechanics & Farmers Bank has never had negative net earnings!
    • Mechanics & Farmers Bank’s Texas ratio is 23% down from 26%, 31%, and 47% at the end of 2013, 2012, and 2011, respectively.
    • Intrinsic value using the Federal Reserve expected rates is $12.73 to $20.46 per share.
    • The current share price of $4.70 implies a market value discount of 63% to 77% of M&F Bancorp's intrinsic value.
  • Top Turnaround Stocks
    ACW, BP, GSAT Yesterday, 3:41 PM George Putnam Comment!

    Summary

    • 2015 is still ripe with value stock opportunity.
    • Investors should not try to time short-term shifts--especially in the current market.
    • Turnaround stocks offer extraordinary profit potential.
  • Former Anadarko CEO And Current Gulfslope CEO John Seitz Gets Granular
    GSPE Yesterday, 3:34 PM Dallas Salazar 1 Comment

    Summary

    • I interview GSPE CEO John Seitz in an effort to get granularity on several key issues.
    • GSPE management is proactively trying to avoid dilutive financing to fund its next stage of operations while I believe also intending to uplist.
    • I continue to view GSPE as a rare micro-cap with the tools, leadership, and assets to make it to a much larger market cap space.
    • I remain long GSPE.
  • 53 Marijuana Stocks - A Post-Mortem: Part III And Epilogue
    ACAN, AFPW, ALGA Yesterday, 3:25 PM Anthony Cataldo Comment!

    Summary

    • This is the third part of a 3 part series, where I will re-examine stocks [N=149] included in my earlier Seeking Alpha articles.
    • This third installment examines those stocks trading higher from the date when my I began researching them and posted results on Seeking Alpha.
    • Twelve of the N=53 firms (~23%) are trading higher, as of March 3, 2015; stocks trading lower or at the same price-per-share are listed in a table, but not addressed.
    • None of the n=12 firms (0%) are trading above their 52-week high.
    • This third and final installment completes my focus on recent “winners” in the marijuana sector.
  • What Investing In Too Big To Fail Means For Banking Investors
    BAC, C, GS Yesterday, 3:20 PM Celan Bryant 2 Comments

    Summary

    • Due to banking reforms, institutions with a higher risk rating must also hold a higher percentage of capital in reserve to make up for the increased risk.
    • Based on a 7 point scoring framework, 33 banks make the cut for having the highest systematic risk.
    • Of the 33 banks, 5 have the highest risk of contagion. These are Citigroup, JPMorgan, Morgan Stanley, Bank of America, and Goldman Sachs.
    • While these banks provide reduced risk to investors through an implicit government backing, the cost of this protection is a higher reserve requirement and greater regulatory scrutiny.
  • Where To Put My Money: Another Look At My Core Holdings
    AAPL, BAX, ESRX Yesterday, 3:18 PM Investing Doc 8 Comments

    Summary

    • With the markets near all-time highs, do opportunities exist within my current portfolio? Does it look like I should consider trimming a position?
    • I took a purely quantitative, superficial glance at some of my current holdings, and find that, for the most part, the portfolio looks to be fairly valued.
    • Though opportunities with good margins of safety are few, some names stand out. Gilead looks to be materially undervalued, and Priceline is attractive. Gilead is a favorite for new money.
    • Despite its recent run, Apple looks to be a wonderful company trading at a fair price, though with investor sentiment so favorable at the moment, I'd like to hold off.
    • In contrast, Unilever and TJX Companies now look fully valued, and could become sources of funds.
  • New Western Energy - Is There Power Left In This Promoted Stock?
    NWTR Yesterday, 3:15 PM Investor Protection Association 2 Comments

    Summary

    • We have received numerous emails touting NWTR from various stock promoters.
    • The timing of the emails promoting NWTR coincides with what seems to be an abnormal rise in the trading volume and price of the stock.
    • The recent financials of the company appear to be very bleak due to little revenue and negative income.
    • Cheap shares of the company have been issued to third parties and are ready to be dumped into the market.
    • We have not contacted the company regarding the claims in the article.
  • DURECT's Endogenous Epigenomic Regulator DUR-928 - What You Need To Know
    DRRX Yesterday, 3:10 PM Jason Napodano, CFA 2 Comments

    Summary

    • On March 2, 2015, DURECT held a conference call and introduced a new pipeline candidate, DUR-928, an endogenous epigenomic regulator protein.
    • Management thinks DUR-928 has potential in a number of metabolic indications such as acute organ injury, NAFLD/NASH, and lipid homeostasis.
    • DURECT shares are looking attractive based on improved visibility for POSIDUR, a path forward with REMOXY, and the new Phase 1 asset in DUR-928.
  • Kroger: You Need To Know About These Guys
    KR Yesterday, 3:06 PM Christopher F. Davis 8 Comments

    Summary

    • Kroger has caught my eye today after it reported its fourth earnings this morning.
    • The company is registering incredible growth.
    • Management is very shareholder friendly.
    • But is the stock investable at these levels?
  • Power Integrations: A Power Conversion Play With Moderate Upside
    POWI Yesterday, 3:05 PM Focus Equity Comment!

    Summary

    • AC-DC conversion market and IGBT driver market is expected to grow, thanks to smart devices, home automation, LEDs, renewable energy and EVs.
    • Power Integration will benefit from this market trend as it generates most of its revenue from AC-DC conversion. IGBT also holds promise for the company.
    • PE and cash flow based valuations reveal moderate upside. The stock is a buy with 15%-20% upside.
  • Citigroup: Bullish Trends For A Cheap Stock
    C Yesterday, 2:51 PM Stone Fox Capital 2 Comments

    Summary

    • Citigroup announced two positive deals this week.
    • The news sets the company up for a strong capital return plan in 2015.
    • Stock remains cheap trading below tangible book value.
  • Viad: A Company That Will Be Potentially Worth More As Two Separate Entities
    VVI Yesterday, 2:48 PM Mark Lin Comment!

    Summary

    • The Marketing & Events group benefits from recurring revenue streams and has margin enhancement potential; while the Travel & Recreation group is an attractive, high margin cash flow generative business.
    • A sum-of-the-parts valuation implies that investors are getting Viad’s Travel & Recreation business for free at current valuations.
    • Potential catalyst includes the separation of Viad’s Marketing & Events and Travel & Recreation businesses into two stand-alone companies.
    • Capital allocation track record suggests a strong alignment of interests between management and shareholders, increasing the probability that management will engage in actions to unlock the hidden value of Viad.
  • SunEdison Increases Energy Storage Exposure After Asset Acquisition
    SUNE Yesterday, 2:39 PM ValueWalk Comment!
  • Cumberland Pharmaceuticals: Digesting Q4'2014 Earnings
    CPIX Yesterday, 2:35 PM Paulo Santos 1 Comment

    Summary

    • I've been positive on Cumberland Pharmaceuticals and the stock has behaved favorably.
    • Yesterday, Cumberland Pharmaceuticals reported Q4'2014 and 2014 earnings.
    • This article has my take on those earnings and how they relate to my previously-positive thesis on the stock.
  • Munich RE May Be Worth Considering Now
    MURGY Yesterday, 2:18 PM Holmes_Osborne Comment!

    Summary

    • Munich has grown its dividend by 20% over the last few years.
    • Stock is cheap at a dividend yield of 4.1% and PE of 10.
    • Major holding of Berkshire Hathaway.
  • Apple's Currency Problem Becoming More Challenging For The Company
    AAPL Yesterday, 2:13 PM Bill Maurer 70 Comments

    Summary

    • US dollar continues to strengthen.
    • Apple's top line will see a multi-billion dollar hit.
    • Estimates and expectations high as stock soars.
    • What will happen in fiscal Q3?
  • Finding Value With The Piotroski F-Score Part 3
    BBG, CYS, DCO Yesterday, 1:57 PM Rupert Hargreaves 3 Comments

    Summary

    • The Piotroski F-Score was designed to find companies that are cheap and recovering.
    • This is year-long series looking at the success and suitability of using the F-Score to select stocks for a portfolio.
    • To date, over the past four months the F-Score portfolio has returned negative 21.6%.
  • 3D Systems: A Major Decline In Confidence
    DDD Yesterday, 1:40 PM Bill Maurer 12 Comments

    Summary

    • Q4 miss has analysts skeptical.
    • Estimates dropping toward low end of guidance.
    • Stronger dollar will hurt revenues in 2015.
    • 50-day moving average declining again.
  • Weight Watchers Repeats Henry Ford's Blunder
    WTW Yesterday, 1:38 PM Richard Robinson, Ph.D. 6 Comments
  • Raptor Pharmaceuticals Has High-Reward Catalysts
    RPTP Yesterday, 1:36 PM Clinically Sound Investor 2 Comments

    Summary

    • Procysbi sales slowed in Q4 2014, but Raptor should make inroads with further launches in Europe and Latin America. Competition is not a factor.
    • The liver trial is likely to be successful.
    • The Huntington's disease trial is also shown to be likely to receive a favorable FDA decision.
  • HDFC Bank: A Bank One Cannot Avoid
    HDB Yesterday, 1:14 PM Investment Standard 1 Comment

    Summary

    • HDFC Bank shifted its gear to keep earnings growth steady.
    • Excellent asset quality continues to help the earnings growth while many banks have been struggling with their worst performances due to poor asset quality.
    • Moderating inflation strengthens the expectation of gradual increase in loan production of the banking industry.
  • Arrowhead Research: Non-Significant Undervaluation Rationale, Potential High Alpha
    ARWR Yesterday, 1:06 PM Kanak Kanti De 22 Comments

    Summary

    • ARWR stock is down sharply in the last one year.
    • However, market reaction was based on misperception.
    • ARWR can go up sharply with positive data from ACR-520 trial.
  • Netflix: Taking Middle Kingdom
    NFLX Yesterday, 12:24 PM WestEnd511 4 Comments

    Summary

    • Reuters reported that NFLX may be interested in entering China without a local partner.
    • In reality, the lack of a local partner will make China inaccessible to NFLX given the complex regulatory and business relationships required for an online video platform.
    • NFLX could be a success in China, but an open-minded approach is necessary for a smooth execution.
  • IPO Quiet Period Expiration: Inovalon Holdings
    INOV Yesterday, 12:17 PM Don Dion 1 Comment

    Summary

    • 3.9.2015 ends the 25-day quiet period on INOV. 3.10 is the first day the firm’s IPO underwriters can publish reports and recommendations.
    • INOV provides cloud-based services to the healthcare industry.
    • The quiet period expiration event often leads to above market returns in the days leading up to the event.
    • Given INOV's strong early performance, we see the event as another opportunity to buy into a growing firm.
  • CannLabs' StrainData Positions It To Be The Most Powerful Player In The Space
    CANL Yesterday, 12:14 PM Dallas Salazar 1 Comment

    Summary

    • CANL's StrainData platform furthers the narrative that CANL is so much more than an analytics company.
    • CANL is now positioned to force at least some participation with it on the testing side with what should be quickly growing StrainData key metrics.
    • Acting as the "Google" of its space with StrainData CANL now has a completely vertical operation - something that historically has meant huge power across industries.
    • I continue to be bullish CANL on all durations.
  • Pareto Portfolio Recent Purchase: More Cisco
    CSCO Yesterday, 11:56 AM Michael Allison 4 Comments

    Summary

    • Cisco traded over $30 for the first time in seven years.
    • Cisco is at the forefront of the Internet of Things (IoT).
    • The company fundamentals are extremely strong.
  • AuRico Gold: Not Enough Cash Flow To Service Debt
    AUQ Yesterday, 11:49 AM Christopher De Sousa 1 Comment

    Summary

    • AuRico Gold topped analysts' earnings estimates as gold sales from Young-Davidson drove revenues higher.
    • AuRico Gold has struggled to generate free cash flows at its high-cost gold mines in Canada and Mexico.
    • AuRico Gold owes $82.5 million in debt within one year but does not have enough cash on hand to pay it off.
  • Google's Ad Network Presents Attractive Fundamentals
    GOOG, GOOGL Yesterday, 11:39 AM Alex Cho 4 Comments

    Summary

    • Google's ad network and programmatic ad bidding are growing at healthy rates.
    • Google believes that it can sustain price increases in its ad network business.
    • Based on the comments of Neal Mohan, and based on the underlying drivers for which premium ads are being sold via a more efficient marketplace mechanism, the trajectory in pricing is sustainable.
    • While the positive commentary does add upside to Google's stock, I still weigh risks associated with the EU antitrust monopoly probe heavily, therefore my price target remains unchanged.
  • Clayton Williams - No Opportunity Yet Following Renewed Disappointments
    CWEI Yesterday, 11:30 AM The Value Investor 7 Comments

    Summary

    • Clayton Williams' shares have not rebounded unlike the rest of the energy complex.
    • The decision to not hedge hurts the results in a big way, as a near 75% cut in capex will hurt production into 2015.
    • Smaller production and high leverage creates real challenges, as shares are still trading far from fire sale prices.
    • I remain very cautious as a result of these observations, as management is far from top-class in an already challenged industry.
  • Zendesk Is Making International And Infrastructural Advances
    ZEN Yesterday, 11:18 AM Dallas Salazar Comment!

    Summary

    • ZEN's two most recent PR's detailing a data center launch in Germany and an Asian HQ are meaningful.
    • ZEN has advances its global presence and fragmented its risk in more ways than one.
    • Continue to be long ZEN.
  • Third Avenue Value Fund's Holding Companies
    TAVFX Yesterday, 11:10 AM Holmes_Osborne 2 Comments

    Summary

    • Many of these holding companies are trading a big discounts to NAV.
    • Underlying growth in NAV has been very impressive for listed stocks.
    • This can be a great way to hold a diversified, global portfolio.
  • Zacks' Bull Of The Day: Affymetrix
    AFFX Yesterday, 11:04 AM Zacks Investment Research 2 Comments