Seeking Alpha
  • Intel: Why One Of Seeking Alpha's Biggest Bulls Sold His Shares
    Editors' Pick INTC Yesterday, 7:41 PM Terrier Investing 25 Comments

    Summary

    • Intel is no longer in value investment territory.
    • When uninformed retail investors and sell-side analysts all become very bullish on a stock, I start to worry.
    • While the Intel thesis has played out largely as I expected and the company continues to have significant opportunities, the risk-reward is no longer extremely attractive.
  • Encana: Unhedged But Undeterred
    Editors' Pick ECA Yesterday, 3:45 PM Richard Zeits 4 Comments

    Summary

    • Assuming average Nymex prices of $70 per barrel for oil and $4 per MMBtu for gas next year, Encana’s shares are trading at ~3.3x 2015 estimated pre-hedge cash flow.
    • The company has sufficient resources to execute its 2015 business plans without major curtailments even under a $55 oil/$3.50 gas scenario.
    • However, Encana still has a lot to prove with regard to the economic viability of its asset base in a low-price commodity environment.
    • At its current price, the stock represents an intriguing bet on a cyclical recovery in oil.
    • It would be natural to expect that Encana eventually streamlines its portfolio to the four most strategic assets, with divestitures providing funds for accelerated development.
  • Clean Harbors: Strategic Review And Activism Could Reward Shareholders
    Editors' Pick CLH Yesterday, 1:00 PM Alpha Gen Capital Comment!

    Summary

    • The company has engaged in several acquisitions over the last few years in the CEO's attempt to make the firm a more diversified one-stop solution in environmental services.
    • Management is attempting to cost cut and share buyback their way to profit growth while ignoring the fledgling conglomerate business.
    • We think the activism and strategic review could return positive recommendations to pare the firm down to their prior core operations.
  • FMC Corporation: A Transformation Play With The Possibility Of A Takeover
    Editors' Pick FMC Yesterday, 10:57 AM Willow Street Investments Comment!

    Summary

    • The company’s recent addition of Cheminova and the divestiture of their alkali chemicals division will increase their agricultural chemicals business to about 75 percent of sales.
    • The company’s latest acquisition shows the company’s increased focus on their higher margin chemicals businesses, and moving away from lower margin commodity businesses.
    • The company’s businesses are exposed to favorable secular growth trends in agriculture, lithium use in electronic-vehicle manufacturing, and an aging population favoring their health and nutrition products.
    • With DuPont remaining focused on agriculture, nutrition, industrial biosciences, and advanced materials, the transforming FMC appears to be an attractive takeover candidate.
    • The company has a recent history of dividend increases that is likely to continue.
  • SuperCom's CEO: I'm Up More Than 50x And Still Not Selling
    Editors' Pick SPCB Yesterday, 8:41 AM Lazarus Investment Partners 12 Comments

    Summary

    • SuperCom has a uniquely attractive business and a very low valuation.
    • The company made incredible advances in 2014 and believes that this momentum can continue.
    • The company is better positioned today than it ever has been.
    • We explain why we believe SuperCom has upside potential that is multiples of the current stock price.
    • We share an interview with the company's executives.
  • Foot Locker Versus Finish Line: What Makes One The Clear Investment Winner
    Editors' Pick FINL, FL Sun, Dec. 21, 11:53 PM Brian Nichols 3 Comments

    Summary

    • Foot Locker shares fell hard after Finish Line's disappointing quarter.
    • While both stocks present value following their losses, one is clearly better.
    • The reason that one is superior is not that difficult. In fact, Nike explains it quite well.
  • Even If Approved, Globalstar's TLPS Will Underperform Free Wi-Fi On (Tens Of) Millions Of Existing Devices
    Editors' Pick GSAT Sun, Dec. 21, 2:07 PM Gerst Capital, LLC 24 Comments

    Summary

    • Statements by the CEO implying "every Wi-Fi device out there" only needs a software/firmware upgrade to support "carrier grade" TLPS are directly refuted by analysis of detailed manufacturer data.
    • Quantitative analysis clearly shows (tens of) millions of existing devices will underperform Wi-Fi Channels 1-11 in the 2.4GHz band, both in terms of range and throughput.
    • The source data comes from a manufacturer supplied "S2P file" that includes key RF filter measurements sampled in 0.5MHz steps across the entire 2.4GHz Wi-Fi band.
  • Creative Edge Makes Front Page Canadian National News
    Editors' Pick FITX Sun, Dec. 21, 9:28 AM Matthew Finston 88 Comments

    Summary

    • Canada's largest circulation national newspaper, the Globe and Mail, has published a two-part investigative report on the complications of Canada's MMPR system.
    • The paper's second part paid significant attention to the notorious, 'Creative Edge Nutrition,' a company that has been scrutinized here at Seeking Alpha.
    • Using the seedy practices of Creative Edge as an example of Canada's mismanaged system, the Globe and Mail ultimately puts Ottawa in the spotlight for failing to take responsibility to regulate its own industry.
  • Economic Worries Weigh On FEMSA
    Editors' Pick FMX Sat, Dec. 20, 12:21 PM Stephen Simpson, CFA 1 Comment

    Summary

    • Weak consumer traffic has kept a lid on enthusiasm for FEMSA's OXXO convenience stores, while ongoing worries about Argentina and Venezuela weigh on Coca-Cola FEMSA.
    • FEMSA continues to manage for long-term growth, including adding more services to OXXO stores, expanding the OXXO store footprint, and bulking up new ventures like its pharmacy operations.
    • FEMSA shares look undervalued below $100, but management needs to deliver better traffic numbers from OXXO to get Wall Street's enthusiasm going again.
  • BlackBerry Ekes Out A Profit Despite Sales Tanking
    Editors' Pick BBRY Sat, Dec. 20, 10:40 AM Michael Blair 60 Comments

    Summary

    • BlackBerry revenues fell sharply.
    • Passport sales recognized less than the 200,000 initial orders.
    • Classic demand higher than Passport according to CEO Chen.
    • Service access fees falling 13% quarter over quarter but software is growing.
    • In the result, Q4 should show a profit with the real test in fiscal 2016.
  • Xplore Technologies: A Record Quarter Ahead And Why It Can Dominate The Rugged Tablet Market Long-Term
    Editors' Pick XPLR Sat, Dec. 20, 9:53 AM Benjamin Schnoegl 2 Comments

    Summary

    • XPLR operates in the rugged tablet PC market and is well positioned for sustainable and profitable future growth.
    • Considering the latest information provided by XPLR, a record quarter in company history in terms of revenue lies ahead, which provides an opportunity to establish a long position.
    • XPLR offers a 23% upside in the next 6 months and great potential in the long term.
  • Guyana Goldfields: Valuation Of Two Mining Models
    Editors' Pick GUYFF Sat, Dec. 20, 9:29 AM Christopher De Sousa 2 Comments

    Summary

    • Guyana Goldfields is advancing its high-grade, low-cost Aurora gold project in Guyana, South America.
    • The open-pit with underground mining model presents 77% potential upside from the current market price.
    • The open-pit only model presents 42% potential downside from the current market price.
  • Conrad Industries: Neglected Stock With 60% Upside And Limited Downside
    Editors' Pick CNRD Sat, Dec. 20, 6:15 AM Basecamp Value 6 Comments

    Summary

    • Conrad, a high cash flow generating low capex business will benefit from accelerating freight volumes, buoyant drilling activity in the Gulf of Mexico and aging of existing barges and tugboats.
    • The company is run by an extremely competent management team as shown by robust operating performance and impressive 20-year growth track record.
    • The current stock price supports a large margin of safety where we believe Conrad is neglected stock that trades 62 cents on the dollar.
  • Endeavour Silver Might Have To Shut Down El Cubo
    Editors' Pick EXK Sat, Dec. 20, 5:00 AM SomaBull 12 Comments

    Summary

    • Endeavour Silver purchased the El Cubo mine with the hope of turning it around as they did with Guanaceví and Bolañitos.
    • El Cubo's AISC are way too high and it's unlikely that Endeavour will be able to reduce costs enough in this silver priced environment to generate free cash flow.
    • El Cubo being shut down is already priced into the stock, and Endeavour will easily survive as Guanaceví and Bolañitos produce roughly 8 million silver equivalent ounces per year.
  • Baidu's Uber Deal Has Limited Downside
    Editors' Pick BIDU Fri, Dec. 19, 9:10 PM The Panoramic View 8 Comments

    Summary

    • Baidu's Uber investment has limited downside, because Baidu likely bought preferred shares.
    • Given that China already has two dominant mobile taxi hailing apps, Uber is unlikely to help Baidu's mobile wallet gain traction inside China.
    • Baidu is a buy because it has successfully adjusted to mobile, and remains a great demographic play.
  • The Long Case For Union Pacific
    Editors' Pick UNP Fri, Dec. 19, 5:30 PM Queen's University Investment Counsel 18 Comments

    Summary

    • UNP trades at a discount when compared to forward EV/EBITDA and P/E multiples of comparable companies, implying undervaluation.
    • UNP pays a higher than average dividend than peers and is less leveraged.
    • We note that all tier-1 rail operators trade at P/E multiples significantly higher than historical averages – the historically high multiples are being supported by higher forecast growth rates for the industry.
  • The Going's Getting Tougher, But ABB Is Still Going
    Editors' Pick ABB Fri, Dec. 19, 4:59 PM Stephen Simpson, CFA 4 Comments

    Summary

    • Sluggish economic trends in Europe and falling oil prices have the sell-side fretting about ABB's ability to meet expectations in 2015.
    • Strong order growth would seem to support management's growth outlook and expectations for the Power Products and Power Systems businesses look pretty washed out.
    • With sentiment against the stock, ABB management is in "show me" mode, but the stock's price today doesn't seem to fairly value relatively modest growth and margin improvement assumptions.
  • Box Will Hit $1 Billion In Revenues Before You Know It
    Editors' Pick BOX Fri, Dec. 19, 1:54 PM Jason M. Lemkin 4 Comments
  • Top 5 Silver Stocks For 2015
    Editors' Pick AG, ASM, FSM Fri, Dec. 19, 1:09 PM Hard Asset Investments 23 Comments

    Summary

    • Silver is down roughly 20% in 2014, but the silver miners have performed even worse as they suffer from high debt loads and tight operating margins.
    • There are still a few attractive silver stocks to buy in 2015 that should outperform the metal, especially if the price rises.
    • Here, I've listed my top 5 favorite silver stocks for 2015; these companies have balance sheet strength, lower than average cash costs and solid growth prospects.
  • End Of Tesla, Or End Of Oil?
    Editors' Pick TSLA Fri, Dec. 19, 11:03 AM Randy Carlson 350 Comments

    Summary

    • Tesla shares, along with energy stocks have followed crashing oil prices.
    • Tesla's business and product strategy may insulate it from the effects of cheaper oil and gasoline.
    • Lower oil prices could portend the end of the age of oil, but cheap oil and gasoline could end Tesla if its performance car strategy fails.
  • DaVita's Outlook For 2015: Don't Overstay The Festivities
    Editors' Pick DVA Fri, Dec. 19, 8:16 AM Cheryl Swanson 14 Comments

    Summary

    • Warren Buffett said, when comparing investors to Cinderella at the ball, "Overstaying the festivities… will eventually bring on pumpkins and mice."
    • Struggles with Medicare, litigation and HCP warn of significantly less potential in 2015 for this company.
    • Executives on the Q3 earnings call warned that the company could lose commercial insurance contracts - which account for virtually all of its profits in dialysis.
  • The Downside For Medallion Financial Only Just Beginning
    Editors' Pick TAXI Fri, Dec. 19, 5:30 AM James Hickman 32 Comments

    Summary

    • Expect dividend and share repo cuts, and near-term write-downs eventually accelerating into write-offs in excess of shareholders’ equity.
    • Price premiums of secondary market medallions over permit issuance cost have dropped to near zero in other markets and same result expected in all markets where supply caps eliminated.
    • Cities and states overwhelmingly opting for freer taxicab markets/accepting ride sharing and courts rejecting "takings" argument.
    • LTV of 40% for medallion loans provides false downside comfort when any excess collateral value above par currently is meaningless if medallion values go to zero.
    • Near term write-down of ~$0.62/share expected to reflect current market Chicago medallions.
  • Boeing Or Airbus: Whose Product Line Is Shaped Better For The Future?
    Editors' Pick BA Fri, Dec. 19, 3:59 AM Dhierin Bechai 25 Comments

    Summary

    • Boeing seems to be positioned better with their product line.
    • Potential order inflow is big.
    • About 1/3 of the future demand for aircraft has already been ordered, the other 2/3 will follow in the coming 5-10 years.
  • Otter Tail Corporation: Diversifying With Diversification
    Editors' Pick OTTR Thu, Dec. 18, 12:53 PM Rochelle Jenks 9 Comments

    Summary

    • Otter Tail Corporation is a diversified utility. Its electrical segment supports its dividend payments while its manufacturing and infrastructure segments offer earnings growth potential.
    • Otter Tail has paid a dividend since 1938. From 1975 to 2008, it increased the dividend annually. With the onset of the financial crisis, dividend bumps were put on hold.
    • Otter Tail is positioned to grow earnings from recent investments as well as cap-ex plans in its manufacturing and infrastructure segments. As earnings grow, its share price should naturally increase.
  • An Exclusive Interview With Pershing Square's Bill Ackman
    Editors' Pick HLF Thu, Dec. 18, 9:30 AM Matt Stewart 402 Comments

    Summary

    • Pershing Square's investment performance has been exceptional year to date.
    • Bill Ackman continues to seek opportunities for his firm and his investors.
    • As a fellow Herbalife short, Mr. Ackman agreed to join me for a conversation.
  • Discovery Communications, Inc.- Content Will Once Again Prove To Be King
    Editors' Pick DISCA Thu, Dec. 18, 6:15 AM Tim Travis 4 Comments

    Summary

    • Investing in Discovery Communications offers investors a first class media franchise at a discount price.
    • By not paying the high fees of celebrity actors, Discovery communications produces thousands of hours of content at attractive margins each year.
    • Recent guidance has lowered the near-term forecast for DISCA penalizing the stock, much of this can be attributed to currency valuations and should be seen as a buying opportunity.
  • PrairieSky: Highly Valued Canadian Oil And Gas Trust Faces Potential Distribution Cut
    PRO Top Idea PREKF Thu, Dec. 18, 5:00 AM Grizzly Bear 8 Comments

    Summary

    • Unhedged Canadian royalty trust trading at +30x my estimate of 2015 cash flows.
    • Barring a significant rally in oil and Canadian NGL prices, I believe PrairieSky will need to cut its distribution by +40%.
    • Exposure to high-cost Canadian oil and gas plays may result in asset impairment in the "new oil" environment.
  • ChipMOS: Oligopoly At 4x EBITDA, 8x EPS With Pending Buyback - A Holiday Gift
    PRO Top Idea IMOS Thu, Dec. 18, 5:00 AM Dane Capital Management, LLC 59 Comments

    Summary

    • ChipMOS trades at 4x trailing EV/EBITDA and 8x 2015 EPS ex-cash, shockingly low multiples for any company, let alone one enjoying strong growth and a near 20% ROE.
    • The market has failed to recognize that ChipMOS, like its number 2 customer Micron, participates in an oligopoly, which will continue to drive sustained profitability and free cash generation.
    • A $15 million buyback set to begin this week should provide a near-term lift to shares. Substantial excess capital should drive additional accretive share repurchases in 2015.
    • Strong business momentum and the recognition that ChipMOS plays in a defensible niche should drive a multiple re-rating. We value shares over $37 - 65% upside to yesterday's close.
  • Adcare Health: Near-Term Propco Event With Valuation Arbitrage
    PRO Top Idea ADK Thu, Dec. 18, 5:00 AM Sabra Capital Partners 12 Comments

    Summary

    • Adcare presents a “must own” vehicle with near-term catalysts and limited risk.
    • The company will focus on increasing its payout via accretive acquisitions while simultaneously remaining dedicated to selling itself to a larger REIT as an ultimate exit strategy.
    • At its current share price, ADK is trading at an implied cap rate of 9.75% versus publicly traded peers at ~6.00%.
    • Applying a 7.5% cap rate yields a price target of $6.50 per share. As the company pursues accretive acquisitions, we believe the stock price will approach $8.00 per share.
  • Why Activision Blizzard Is Absolutely A Buy
    Editors' Pick ATVI Thu, Dec. 18, 4:19 AM Christopher Gonsalves 33 Comments

    Summary

    • World of Warcraft back above 10 million subscribers.
    • Call of Duty: Advanced Warfare dominates 2014 console sales.
    • Hearthstone continues to amaze with strong user growth and new content.
  • Auspex Hits Home Run With Phase 3 Data In Huntington's Chorea
    Editors' Pick ASPX Wed, Dec. 17, 7:23 PM Jason Napodano, CFA 6 Comments
  • Apple Watch: The Hidden Advantages
    Editors' Pick AAPL Wed, Dec. 17, 1:41 PM Mark Hibben 98 Comments

    Summary

    • Apple Watch already has many competitors, with more to follow as the watch industry turns to smart watches.
    • Apple Watch will enjoy decisive competitive advantages in usability, even as the reasons for this are hidden from the user.
    • These advantages will stem from iOS 8 and Apple's developer environment, Xcode.
  • NewLink Genetics: Examining Likelihood Of Success In The Impress Trial
    Editors' Pick NLNK Wed, Dec. 17, 12:50 PM Mind Craft 5 Comments

    Summary

    • Many investors and commentators have failed to appreciate the risk/reward associated with NewLink's IMPRESS Phase 3 trial for surgically resected pancreatic cancer.
    • Analysis presented herein suggests the IMPRESS trial is likely to be a success.
    • Median Overall Survival greater than 21 months has not been observed in historical U.S. studies and trials where the percentage of lymph node positive patients is above 65%.
    • A substantial pipeline for HyperAcute™ immunotherapy and a synergistic combination with other modalities suggests significant upside for the stock while downside has been limited by two recent lucrative licensing deals.
    • The stock has about $10 downside if the trial continues to the final interim analysis and $100+ upside if the trial is stopped.
  • ZBB Energy Corporation: A Deeply Oversold Renewable Energy Stock With 125% Upside
    Editors' Pick ZBB Wed, Dec. 17, 12:01 PM Sujan Lahiri 9 Comments

    Summary

    • ZBB Energy develops and sells advanced energy storage solutions based on its patented zinc-bromide grid storage technology.
    • Grid storage in large quantities is a worldwide megatrend; ZBB Energy is one of the few that holds key technology.
    • Multiple catalysts should drive shares substantially higher.
    • Share price is at all-time lows mainly due to market broad energy panic, even causing the market cap to dip below net cash level.
    • Strong insider buying should warrant attention.
  • Cubist Pharmaceuticals: An Extraordinary Arbitrage Opportunity
    Editors' Pick CBST Wed, Dec. 17, 11:26 AM Shareholder Boar 4 Comments

    Summary

    • Cubist Pharmaceuticals agrees to a buyout in an all-cash deal.
    • The decline in stock price after an adverse patent ruling is overdone, as the merger agreement remains in effect with buyer and seller committed to the deal.
    • Little threat of anti-trust issues, FDA actions, or anything else disrupting a timely completion.
    • Cubist shares are very likely to return 6% in only 5 weeks. Despite the excellent chance of a successful tender, caution is advised due to the large downside if not completed.
  • Ford - Backing Up The Truck On The Clueless Downgrade
    Editors' Pick F Wed, Dec. 17, 8:42 AM Josh Arnold 108 Comments

    Summary

    • DB's downgrade of Ford makes no sense as the reasons cited are wrongheaded.
    • Ford is once again trading for less than 9 times forward earnings and now yields 3.5%.
    • The setup of low fuel prices will prove to be a huge tailwind for earnings next year; I'm long.
  • The Big Short II: Why High LTV Canadian Mortgages Are The New Subprime
    Editors' Pick BMO, BNS, CM Wed, Dec. 17, 7:00 AM Nigel D'Souza 16 Comments

    Summary

    • Canada’s mortgage market is nearing a plateau in mortgage origination and outstanding mortgage credit.
    • Canada’s financial system is exposed to systemic risk in an environment of rising mortgage rates and declining real estate prices.
    • Shorting high LTV mortgage securities via credit default swaps may be the greatest short ever against mortgage securities second only to John Paulson’s shorts on subprime mortgages.
  • Best Long Idea For 2015: BNCCORP
    PRO Top Idea BNCC Wed, Dec. 17, 5:00 AM Chris DeMuth Jr. 73 Comments

    Summary

    • Before each year starts, Rangeley Capital writes our best idea for the subsequent Jan 1-Dec 31.
    • This year, we focused on something that is unlikely to lose value in the next year.
    • We looked for an investment idea with an upside return of over 50%. Here is what we found.
  • Owens Illinois Is An Interesting Long-Term Value Play
    Editors' Pick OI Wed, Dec. 17, 4:30 AM Robbert Manders 6 Comments

    Summary

    • Near-term prospects are disappointing, driven by lack of growth and increasing currency headwinds.
    • Return on net operating assets is 11%.
    • The EV/EBITDA valuation of 7.2 is attractive.
  • Teck Resources: An Undervalued Falling Knife
    Editors' Pick TCK Tue, Dec. 16, 4:58 PM Kevin Wiens 8 Comments

    Summary

    • Coal and energy segments are pressuring Teck's share price.
    • My estimate of fair value is CAD 21.02 per share, giving the shares ~60% upside potential.
    • With current negative sentiment, and because it's tax-loss selling season, I think it is prudent to wait for price support before filling a position.
  • Recent Developments Only Further The Diplomat Pharmacy Bull Case
    Editors' Pick DPLO Tue, Dec. 16, 9:43 AM Dallas Salazar 8 Comments

    Summary

    • DPLO has issued three PRs since its Q3 earnings announcements - all three are productive in moving the DPLO story forward and confirming the share price rise.
    • DPLO's announcement that it will partner with healthcare services company Novation and the confirmation of its potential to license at a subsequent conference are big potential drivers of revenue.
    • DPLO has significant competitive advantages and tailwinds that should propel shares higher and higher into the foreseeable future. Buy DPLO for the long term.
  • Intertain Group Unnecessarily Punished For Amaya Woes
    Editors' Pick NRTNF Tue, Dec. 16, 6:05 AM Chris Damas 2 Comments

    Summary

    • Amaya Gaming, owner of PokerStars, the leading on-line poker company, saw its head office in Quebec raided on Wednesday by the AMF, the Province of Quebec securities industry regulator.
    • Amaya Gaming stock dropped 18.3% on Friday on 4.8 million shares traded on the TSX. Another on-line gaming stock, Intertain Group which started as a spin-off from Amaya, dropped 26.5%.
    • Intertain is a buy here, because the company is not implicated in the possible insider trading case at Amaya. The stock at $10.70 is down 40% from Nov 28.
  • Rand Worldwide: Growth By Autodesk
    PRO Top Idea RWWI Tue, Dec. 16, 5:00 AM Implied Value 4 Comments

    Summary

    • Strong growth at Autodesk should trickle down to this value added reseller.
    • Rand is severely undervalued if management projections turn out to be correct.
    • Confusion regarding tender suggests the market for RWWI shares are highly inefficient.
  • Vector Group: Strategic Moves Likely To Unlock Significant Value For Investors
    PRO Top Idea VGR Tue, Dec. 16, 5:00 AM Alpha Gen Capital 17 Comments

    Summary

    • The tobacco business is not in massive decline as many investors believe, and generates substantial free cash flow and growing operating margins.
    • The consolidation of the real estate assets improves the valuation of the shares and expands the screening of the name.
    • We think that management and the board will attempt to spin out one of the two main but disparate businesses, and unlock significant shareholder value.
  • Alibaba & Double 12: There Goes Jack Ma Making Up Holidays Again
    Editors' Pick BABA Mon, Dec. 15, 12:23 PM LowBetaPortfolio 16 Comments

    Summary

    • Double 12 is another holiday designed to build off the enormous success of Alibaba's Singles Day.
    • Alibaba's IPO money seemingly has helped them to promote this previously unknown event into another huge shopping "holiday".
    • Promotions via the Alipay Wallet app drove many consumers to take advantage of 020 commerce special deals at stores where they otherwise probably would not have gone.
    • The growth in Alipay's valuation, and eventual Chinese IPO, should be a significant driver for Alibaba stock in 2015. BABA's stake in the most recent valuation is $23 billion.
    • How many Double Number shopping holidays can the enormous Chinese e-commerce market actually support?
  • More About The Intel Investor Meeting
    Editors' Pick INTC Mon, Dec. 15, 11:30 AM Russ Fischer 101 Comments

    Summary

    • Air gaps are a significant technology breakthrough.
    • Intel's 3D NAND process is fundamentally different from other proposed 3D NAND approaches.
    • Intel could secure $35 billion in SSD business in as short as three years.
  • The One Variable That Will Determine Tesla's Future
    Editors' Pick TSLA Sun, Dec. 14, 8:21 PM Anton Wahlman 420 Comments

    Summary

    • The one significant area where Tesla’s competitors have not announced the intent to compete is the long-distance road-trip charging network.
    • If Tesla is left alone to offer this functionality, it will have an enduring advantage.
    • If Tesla’s competitors spend the money to build a competitive long-distance road-trip charging network, Tesla’s remaining advantage will be gone.
    • So what will Tesla’s competitors do? Time is running out.
  • 5 Reasons To Buy LendingClub
    Editors' Pick LC Sat, Dec. 13, 3:21 PM Kevin Quon 31 Comments

    Summary

    • LendingClub offers a fundamental win-win-win situation for investors, borrowers and the company.
    • The company expects significant growth opportunities in its core markets.
    • A proven history of scaling growth and a first-to-market advantage works in LendingClub's favor.
  • B2Gold: Impressive Growth Is Ahead
    Editors' Pick BTG Sat, Dec. 13, 2:33 PM Hard Asset Investments 1 Comment

    Summary

    • B2Gold is an exciting gold growth story, with the potential to increase annual production 100% over the next three years.
    • The company operates three currently producing gold mines, expected to produce 380,000 ounces of gold at operating costs sub-$700.
    • I think B2Gold could greatly outperform its mining peers over the next few years as a result.
  • Stumbling Australian Discount Retailer The Reject Shop: Now 60% Off
    Editors' Pick RJCTF Sat, Dec. 13, 11:21 AM Timberwolf Equity Research Comment!

    Summary

    • Leading discount retailer in Australia has stumbled during aggressive expansion.
    • Greatly expanded costs have caused profit to fall by 25% in FY2014.
    • However: P/E of 12.4 on trailing earnings with a dividend yield of 4.84%.
    • Expansion will slow down this year: declining costs may drive margin recovery.