Seeking Alpha
  • Should Investors Buy Foot Locker After Earnings Or Stay Away?
    FL Today, 8:06 PM Brian Nichols Comment!

    Summary

    • FL fell after beating earnings expectations.
    • Why did it trade lower?
    • Is FL now a buying opportunity?
  • Lexmark Is Worth $44.30 Per Share
    LXK Today, 8:03 PM Trefis Comment!

    Summary

    • We recently revised our price estimate for Lexmark to $44.30.
    • IDC ranks Lexmark a leader in the smart multifunction peripheral (MFP) market.
    • Lexmark continues to dominate A3/A4 mid-speed market segments with a share of 16.8%.
  • Decline In Box Ships' Share Price Creates Rare Opportunity
    TEU Today, 4:53 PM MTN Investor 3 Comments

    Summary

    • Box Ships can refinance the loan that has repayments scheduled at an amount and pace faster than the company can afford.
    • If the company cannot refinance the loan, it may eventually be forced into a liquidation. It will likely return $50-$60 million to shareholders.
    • The company will be acquired by another company at a price above adjusted net asset value because it is generating positive earnings.
  • Best Buy: A Victory Lap That Is Well Deserved
    BBY Today, 4:27 PM Achilles Research Comment!

    Summary

    • Best Buy presented a blowout third quarter last week.
    • Positive sales growth is the major takeaway from third quarter results.
    • Buying Best Buy in the midst of turbulence in January 2014 has paid off very handsomely.
    • I am going to stay the course for a little longer.
  • Update: American Tower Corporation Acquires 5240 To 6480 Towers From Tim Cellular S.A.
    AMT Today, 4:24 PM ColoradoWealthManagementFund Comment!

    Summary

    • AMT has reached an agreement to purchase a total of 6,480 towers.
    • 1,240 of the towers are still subject to preemptive rights.
    • The deal increases the total asset base for AMT by about 5% and total revenues by 4.1%.
    • Based on projected numbers, gross margin percentage will be down.
    • This supports my thesis of management pursuing growth at all costs.
  • Factoring Fear Into Canadian Solar Valuation
    CSIQ Today, 4:22 PM Robert Dydo 15 Comments

    Summary

    • 5 out of 6 analysts have an average target of $40 per share.
    • False assumption and obvious errors are behind short-selling thesis.
    • Investors should analyze each detail before acting in panic and trust financial statements.
  • Buying More Growth In My Portfolio Through Priceline
    PCLN Today, 4:13 PM Abba's Aces 3 Comments

    Summary

    • The company has increased its return on assets and equity in the past five months.
    • Though 2015 earnings estimates have been slashed I believe they are a bit more realistic.
    • The technicals are exhibiting a bit of upside at this price.
  • Helmerich & Payne: The Downcycle Can Be An Opportunity
    Editors' Pick HP Today, 4:00 PM Richard Zeits 4 Comments

    Summary

    • H&P is well positioned to continue to increase its market share, despite the likely onset of downcycle market conditions.
    • The company’s "design, build and operate" business model is a distinct advantage in the equipment replacement cycle.
    • The stock is currently trading at close to rig replacement cost.
    • The stock price reflects demand levels that would be consistent with shale oil production growth.
  • The Long Case For Entravision Communications Corporation
    Editors' Pick EVC Today, 3:47 PM Tony Ren Comment!

    Summary

    • Overlooked due to mature industry (radio and television) and slow industry growth (~0-1% YOY).
    • Sold at a discount compared to its peers (EV/EBITDA).
    • Hispanic-American population rapidly growing and becoming wealthier, represents niche market.
    • Significant upside potential from high-delta events (political revenues and the World Cup) and continued acquisitions of local Hispanic media groups.
    • Downside safety from Univision deal through 2021 and complex asset valuation of TV spectrum.
    • Hidden bear market in generally bullish recovery from recession creates entry point for sector and industry as a whole (Cyclical – Television Broadcasting).
  • MYOS Corp.: A Little-Known Nutrients Company In Dire Need Of Its Own Life Support, 50%+ Downside
    Editors' Pick MYOS Today, 3:45 PM Jeremy Raper 1 Comment

    Summary

    • MYOS Corp., a chronically cash-poor micro cap, recently conducted emergency equity financing to stave off an immediate cash crisis.
    • Its (only) two products on the market experienced worrying setbacks in the recently reported 3rd quarter, forcing the company to move towards a self-distribution model.
    • MYOS has neither the cash nor resources to self-distribute and/or actively market its products.
    • Even assuming the company successfully rebrands, re-markets and releases its products, the supplement market is highly competitive, and MYOS' value proposition to users is questionable.
    • Pro forma for capital raising, the company looks to have enough cash for ~2 more quarters, and few options beyond that. Borrowing is tight but available (1.9% at Interactive Brokers).
  • Investors Wait To Invest New Money In Apple
    AAPL Today, 3:35 PM Stock Traders Daily 42 Comments

    Summary

    • AAPL has increased by 10% in about 20 days.
    • The Stock still looks solid on a fundamental basis.
    • But because price matters, new investors should wait for a retracement.
  • Diamond Offshore Drilling: New Fleet Analysis As Of November 19 And Commentary
    DO Today, 3:34 PM Fun Trading 2 Comments

    Summary

    • Diamond Offshore Drilling released its fleet status November 19. It is time again to look seriously at the company's situation.
    • The offshore drilling industry has been particularly affected by the recent dramatic retreat in oil prices. Many E&P operators have significantly reduced their investments recently.
    • Diamond Offshore is a well-managed company; however, the midwaters class represents 38% of the company fleet, and these rigs will be retired in the near future.
  • ModernGraham Annual Valuation Of Pinnacle West Capital Corporation
    PNW Today, 3:24 PM Benjamin Clark Comment!

    Summary

    • PNW is not suitable for Defensive Investors or 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 4.55% earnings growth over the next 7-10 years, which is within a margin of safety relative to the rate the company has seen in recent years.
  • Crown Media Could Be The Top Holiday Stock For Christmas Season
    CRWN Today, 3:18 PM Chris Katje 3 Comments

    Summary

    • The company reported strong third-quarter results.
    • Countdown to Christmas should provide strong advertising growth.
    • Shift of original programming ramps up with three original shows in 2015.
    • Rebrand of Hallmark Movie Channel and shift of Hallmark Hall of Fame programming provides further upside.
  • The Turnaround Story At North American Palladium Is Growing Legs
    PAL Today, 3:17 PM David White 13 Comments

    Summary

    • PAL produced 20,000 oz. of palladium in October 2014. This is far up from 32,560 oz. in all of Q3 2014.
    • PAL is projecting it will hit the low end of its guidance, or it will miss only slightly.
    • PAL hit 4,500 tonnes of ore produced per day from underground mining on some days in October 2014. This is far up from 2,900 tonnes in Q2 2014.
    • Q4 will either be the first profitable quarter for PAL in a long time; or it will come very close to being profitable.
    • The combination of cyclical and secular growth in the palladium market should be very positive for PAL.
  • Tsakos Shows More Signs Of Improvement
    TNP Today, 3:15 PM Diesel Comment!

    Summary

    • The profitability of Tsakos seems no longer in question.
    • The company's results in the last quarter were encouraging.
    • The company continues to trade below book value.
    • The heavy debt and high leverage seems to scare some investors away.
  • Comparing America's 3 Largest Waste Management Companies
    RSG, SRCL, WM Today, 3:13 PM Joseph Cafariello Comment!

    Summary

    • The waste management industry is expected to outperform the S&P broader market substantially this and next quarters, and moderately in 2015 and beyond.
    • Mean/high targets for the three largest U.S. waste management companies – Waste Management (WM), Republic Services (RSG), and Stericycle (SRCL) - range from 3% to 15% above current prices.
    • Find out which among WM, Republic and Stericycle offers the best stock performance and investment value.
  • InsiderInsights.com Daily Round Up 11/21/14: OPK, AVID, PAH, JCP
    OPK, AINC, AVID Today, 3:11 PM InsiderInsights Comment!

    Summary

    • Tables of the top insider purchases and sales filed with the SEC on 11/21/14, based on dollar value.
    • Dollar values often do not equate with significance when it comes to insider trades.
    • Proprietary Insider Company Ratings are relayed to clarify significance.
  • Nate's Food Co.: Why We Believe This Promoted Stock Is Going To Zero
    NHMD Today, 3:10 PM Investor Protection Association 3 Comments

    Summary

    • Numerous positive press releases regarding NHMD have been issued starting October 20th. Also, we have received numerous e-mails touting NHMD from various stock promoters.
    • The timing of the emails promoting NHMD coincides with what seems to be an abnormal rise in price and trading volume of the stock in the last few weeks.
    • Shares of NHMD, which were previously acquired for a steep discount, are being held by promoters or a third party, ready to be dumped into the market.
    • The recent financials, balance sheet and cash flow report of the company appear to be very bleak.
    • We have contacted the company with these claims using the online form on the company’s website and are waiting for a response regarding the matter.
  • InsiderInsights.com Daily Round Up 11/20/14: NES, OPK, OKS, PAH
    NES, AON, CATY Today, 3:04 PM InsiderInsights Comment!

    Summary

    • Tables of the top insider purchases and sales filed with the SEC on 11/20/14, based on dollar value.
    • Dollar values often do not equate with significance when it comes to insider trades.
    • Proprietary Insider Company Ratings are relayed to clarify significance.
  • The Long Case For ITT
    ITT Today, 3:00 PM Robert P. Lawrence Comment!

    Summary

    • ITT is very undervalued relative to its comparables.
    • The company has steadily increasing earnings, significantly reduced long-term liabilities, and strong diversification.
    • The company has zero debt, meaning in the unlikely case of sudden bankruptcy and 
liquidation, all claims will go to shareholders.
  • Memories Of Great Investment Opportunities
    CACC, LMT, WLP Today, 2:40 PM Aristofanis Papadatos 1 Comment

    Summary

    • While the greatest profits are made in the earliest stages of a bull market, there have been some great opportunities even in the last two years of this bull market.
    • The article discusses only the opportunities that existed for a prolonged period, not the ones that were short-lived.
    • The article reaches a conclusion in terms of the common elements of those great opportunities and how one can utilize those that will show up in the future.
  • Aetna Has Potential For Investors At A Fair Price
    AET Today, 2:12 PM Vuru Comment!

    Summary

    • Aetna Inc. is one of the leading diversified healthcare benefits companies, serving an estimated 44 million people across the globe.
    • AET looks fairly valued at current levels, with potential over the long-term.
    • This potential is on the basis of pressure from escalating commercial cost trend and a balance sheet that will allow for acquisitions.
  • Vivint Solar: What To Do Now?
    VSLR Today, 1:58 PM Kurt Christensen 8 Comments

    Summary

    • The stock has seen great growth and shows strength when compared to competitors.
    • It disappointed many with its Q3 earnings report.
    • It appeared that the stock was oversold following the quarterly report.
    • The stock is involved in legal problems with potential lawsuits against the company.
  • Activision First-Read: Call Of Duty And World Of Warcraft
    ATVI Today, 1:38 PM WestEnd511 6 Comments

    Summary

    • ATVI released its CoD and WoW initial sales commentary suggesting positive y/y growth.
    • GTA V sales and Battlefield expansion in March'15 could trigger upside.
    • I remain a buyer of ATVI.
  • Rayonier Advanced Management Still Extremely Attractive
    RYAM Today, 1:37 PM GARPie 6 Comments

    Summary

    • Short-term price declines, questions on management integrity, and spin-off structure have made the market excessively pessimistic.
    • RYAM’s positioning with customers, and therefore pricing, will stabilize due to a strong value proposition (differentiation), supplier power in an oligopolistic industry, and high switching costs.
    • Fair value estimate of $47 in 2018 (17% IRR) with -10% IRR downside.
  • Investors Should Be Concerned About Gilead
    GILD Today, 1:37 PM Stock Traders Daily 111 Comments

    Summary

    • GILD has grown remarkably in the recent past.
    • But analysts are starting to questions the ongoing growth rate.
    • And the stock has recently begun to break down.
  • Cumulus Media's EBITDA Getting Crushed Because Of Ratings At Major Stations
    CMLS Today, 1:30 PM Gary Bourgeault Comment!

    Summary

    • Cumulus continues to struggle to find a solution for its largest markets, which is dragging the company down.
    • EBITDA was under pressure from the lack of high-margin ad revenue and the need to invest in its low-performing markets.
    • Inconsistent execution with its national platform has also been a negative catalyst.
  • Brown & Brown: Boring Makes For A Good Business
    BRO Today, 1:15 PM Ashleigh Rogers Comment!

    Summary

    • BRO's sequence of recent acquisitions has created some risks, but the firm has a long track record of managing integrations.
    • Organic growth has been pretty weak for the firm, so much of the near-term upside relies on successfully integrating and realizing synergies from recent acquisitions.
    • The firm's current earnings are likely artificially depressed due to current competitive conditions.
  • The 'New' Osisko Gold Royalties Is Worth A Look
    OKSKF Today, 1:00 PM Ben Kramer-Miller 1 Comment

    Summary

    • Osisko Gold Royalties overpaid for Virginia Mines. .
    • Nevertheless the combined company is not overvalued relative to its peers..
    • The combined company has added tangible qualities such as combined expertise and diversification that cannot be quantified..
    • While I don't like the deal and while i wouldn't buy now I like the combined company and it can join Royal Gold and Franco Nevada in a royalty portfolio.
  • Avis Budget Group: An Impressive Destroyer Of Value
    CAR Today, 12:40 PM Phaethon Capital 4 Comments

    Summary

    • Car rental is an incredibly difficult business to be in, with some of the lowest rates of return on capital we have seen in any industry.
    • In its 8 years as an independent entity, Avis Budget Group has posted a total net loss of over $3bn.
    • Arguments that ‘things are getting’ better, notably around the creation of an effective oligopoly, have pushed Avis’s shares up to a level far above that justified by the fundamentals.
  • Update: Liberator Medical Holdings' Earnings And Dividend Say Sell?
    LBMH Today, 12:39 PM The Specialist 1 Comment

    Summary

    • LBMH has declared a quarterly cash dividend.
    • Between the stock price rise and the possibly too high of a dividend, my confidence is lowered in LBMH stock.
    • I had expected better of the stock.
  • Quiet Period Expiration For Shell Midstream Partners Could Be A Well-Oiled Play
    SHLX Today, 12:32 PM Don Dion Comment!

    Summary

    • The quiet period for SHLX, whose IPO debuted in late October, is scheduled to expire on November 24th.
    • SHLX's pipeline systems link major offshore and onshore production regions with critical refining markets to major demand markets.
    • Along with SHLX's growing revenues and net income, its upcoming (likely positive) analyst reports could boost the firm even higher; studies show returns of 2%-6% during this event period.
    • We suggest investors consider buying in ahead of the quiet period expiration to take advantage of the forecasted short-term jump.
  • Birchcliff Energy Continues To Be A Promising Natural Gas Play
    BIREF Today, 12:18 PM Jack Banser Comment!

    Summary

    • Natural gas accounts for about 85% of production so the company has limited exposure to the current oil prices.
    • Production was up 39% Y/Y and the company is set to finish 2014 strong.
    • New five year plan has production increasing nearly 200% from the average during Q3.
  • Fairchild Semiconductor: More Upside In Store After Strong Third-Quarter Results
    FCS Today, 12:14 PM Harsh Singh Chauhan Comment!

    Summary

    • Fairchild Semiconductor is turning around impressively as it is delivering margin and revenue growth.
    • Fairchild's automotive solutions will remain in strong demand as the industry is on a roll.
    • Fairchild is facing some pressure in the industrial market, but the conditions are expected to improve.
    • Fairchild is making moves into wearable technology, opening yet another area of growth for itself.
  • Could AMC Networks Have Upside With The Upper Hand In Carriage Dispute With DirecTV?
    AMCX Today, 12:13 PM Chris Katje Comment!

    Summary

    • DirecTV and AMC Networks in carriage battle for channels.
    • AMC gaining leverage versus providers with success of The Walking Dead and new BBC America joint venture.
    • The Walking Dead and Better Call Saul premiere in February, leaving a short window for negotiating.
    • AMC should see increase in affiliate revenue in 2015 with increase in per channel rates.
  • Is TripAdvisor A Buy For 2015?
    TRIP Today, 12:09 PM Lavish Investor 3 Comments

    Summary

    • TripAdvisor recently reported strong revenue results.
    • Strong travel season for winter 2014 and early 2015 could impact results.
    • TripAdvisor faces potential economic and logistical risks out of its control.
  • Apco, Pluspetrol Merger: Attractive Opportunity With Low Risk And Reasonable Reward
    APAGF Today, 11:50 AM Maudes Capital Comment!

    Summary

    • A big corporation buying a small one gives a high probability of success.
    • This is a simple merger with no special conditions and no financial issues.
    • The geographical risks are overestimated.
  • Palo Alto Networks: Why More Upside Cannot Be Ruled Out
    PANW Today, 11:36 AM Harsh Singh Chauhan 2 Comments

    Summary

    • Palo Alto is operating efficiently in a growing cyber security market by displacing rival solutions and gaining more customers.
    • Palo Alto is looking to sustain its customer growth by launching new products and increasing opportunities for cross-selling.
    • Palo Alto is expected to outperform the industry's growth rates in the next five years, making it a smart investment.
  • Arena's Smoking Cessation, Nash, Combination Belviq-Phentermine, Free Belviq Samples
    ARNA Today, 11:05 AM Joseph Dedvukaj 25 Comments

    Summary

    • Arena's marketing partner offers free samples, a hallmark in new drug marketing.
    • Free samples make it easier for a physician and patient to try Belviq.
    • Smart drug marketing principles will continue to lead and methodically penetrate the obesity market.
    • By definition, a stock is undervalued because it is also out of favor, and successful value investors have learned the importance of patience.
    • Arena's low valuation greatly reduces your risk, while simultaneously increasing your future return potential.
  • Some Small Cap Gems In Housing To Consider
    TPH, BZH Today, 10:47 AM Bret Jensen 4 Comments

    Summary

    • As trading in 2014 is fast coming to a close it is time to start thinking about what sectors could outperform in 2015 delivering upside for investors.
    • With the housing market starting to post some better numbers, this sector laggard appears to have a chance to be a key story in 2015.
    • Some attractive small cap plays that will benefit if the housing market does accelerate in 2015 are profiled below.
  • Finally A Positive! 3D Systems Makes A Bold Move In Design Software
    DDD Today, 10:41 AM AtonRa Partners 7 Comments

    Summary

    • 3D Systems acquires design software vendor Cimatron.
    • The transaction makes strategic sense and is financially attractive.
    • But it’s clearly too early to call the Cimatron acquisition a success as Autodesk is a major threat.
  • Improvement In Milk Market Dynamics Can Help Dean Foods Make A Comeback
    DF Today, 10:39 AM Renu Singh Comment!

    Summary

    • Dean Foods' performance can be expected to improve going forward as a decline in raw milk prices will help it reduce input costs.
    • Dean Foods itself is making smart moves such as improving brand penetration and distribution to take advantage of an improving market.
    • Dean Foods expects to become profitable this quarter, and over the long term, its earnings growth is slated to outperform the industry.
  • SWOT Analysis: 21st Century Fox
    FOX, FOXA Today, 10:35 AM Value Line Comment!

    Summary

    • 21st Century Fox shares have traded firmly in the low- to mid-$30s for most of the year. Do shares expect to remain stagnant?
    • Rupert Murdoch, at the helm of the corporation, aims to augment a disappointing quarter.
    • We will attempt to address 21st Century Fox’s near- and long-term prospects by taking a brief look at its business and performing an easy-to-follow SWOT analysis.
  • Top 5 Picks For 2015
    AIG, BNS, FDX Today, 10:20 AM Alex Rasmussen 3 Comments

    Summary

    • Top 5 Picks for 2012 and 2013 Outperformed, 2014 Picks - not so much!
    • Analyzing past picks reveals a lot - pivoting back to strengths and away from weaknesses.
    • Top 5 Picks for 2015 reflect renewed investment discipline and focus on risk management.
  • Hicks Or No Hicks, Foot Locker Is The Best House On A Bad Block
    FL Today, 10:14 AM Detroit Bear Comment!

    Summary

    • CEO Ken Hicks is resigning from Foot Locker after an amazing run.
    • Company-veteran Dick Johnson will takeover, and I believe he'll do a fine job.
    • With robust tailwinds in tact, I think shares will trade at $60 in 2015.
  • Intel: Reported Mobile Losses (Economically) Overstated By $1.2 - $1.5 Billion
    INTC Today, 10:05 AM Investor Psyche 31 Comments

    Summary

    • Intel mobile division reporting approximately $1 billion loss per quarter in 2014.
    • The sheer magnitude of losses prompted some analysts and shareholders to question whether Intel should simply exit mobile.
    • Further disclosures on MCG financials were provided by Intel CFO at investor day.
    • Reported losses include significant "foundational" R&D allocations that would have been incurred regardless of mobile division.
    • Mobile strategy is the right one, firmly on track and investors should be patient.
  • The Long Case For Tiffany & Co.
    Editors' Pick TIF Today, 10:03 AM NYU Stern Investment Management Research Comment!
  • A Few Reasons Why Ross Stores Can Get Better After Third Quarter Earnings
    ROST Today, 9:57 AM Renu Singh 1 Comment

    Summary

    • Ross Stores has delivered impressive results in spite of a challenging retail environment as it has handled deep discounting smartly.
    • Ross Stores will continue opening more locations, while it has also improved distribution capabilities by investing in a new distribution center.
    • Ross has performed way better than its rival Kohl's due to smart inventory management.
    • Ross' valuation and the shareholder-friendly nature of its management makes it a stock worth considering for the long run.
  • Home Depot Vs. Lowe's: Who Looks Better After Earnings?
    HD, LOW Today, 9:41 AM Daniel James 1 Comment

    Summary

    • America's two main home improvement chains reported earnings last week, which are as usual quite similar.
    • Although Lowe's is closing the gap, Home Depot is still ahead in terms of same-store sales growth.
    • As it also has a lower valuation, and higher expectations in terms of future growth, Home Depot looks like the best bet.