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Aaron Foster, CFA

 
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  • Green Light For Risk Assets
    Wed, Oct. 29 2 Comments

    Summary

    • Weekly Commentary on the Financial Markets.
    • Risk assets, such as equities and high yield bonds, rally as investors regain their appetite for risk.
    • Investors ratchet up risk despite fresh evidence that economic growth abroad is slowing.
  • Precision Castparts: The Smartest Way To Play Airlines And Aerospace
       • Mon, Apr. 14 PCP 7 Comments

    Summary

    • PCP can increase revenues by 12% and EPS by 13%, on average, annually for the next five years. Given those estimates, the forward P/E ratio of 17.5x is too low.
    • The commercial aerospace industry is in the growth phase of an airline order cycle; aging and fuel inefficient jet engines will continue to be replaced by modern technology.
    • PCP has 50% more dollar content on new engine technology.
    • The PCP business model features high levels of recurring revenue from replacement parts on existing jet and industrial gas turbine engines.
    • By focusing on hard to replicate high-end content, PCP has high barriers to entry and enjoys a dominant market share in the areas it services.
  • QE2 Party Is Over - What Now?
    Jun. 3, 2011 2 Comments
  • Is It Time to Buy Google?
    Apr. 15, 2011 GOOG 1 Comment
  • Alternative Fuels Make a Good Alternative Investment
    Mar. 25, 2011 TSLA, AONEQ, ENON 21 Comments
  • Higher Oil Prices Mean It's Time to Sell Oil Sensitive Stocks
    Mar. 14, 2011 XOM, COP, CVX 4 Comments
  • TD Ameritrade May Have More Room to Run
    Feb. 16, 2011 AMTD 4 Comments
  • Consumer Rebound Temporary or Not? Either Way, TJX Benefits
    Jan. 27, 2011 TJX Comment!
  • Patient Investors Take Note: ING Is Cheap
    Dec. 7, 2010 ING 1 Comment
  • DirecTV: A Performer for a Bargain Price
    Nov. 18, 2010 DTV, DISH, CMCSA 3 Comments
  • Chicago Bridge & Iron: Huge Backlog of International Business
    Nov. 17, 2010 CBI Comment!