Hewlett-Packard Earnings Preview: Best Outcome For HP Might Be Dell Shareholder Battle [View article]
HPQ trading up today late into the close and then looks good after the bell, i.e. actual results. PC's still weak in q4, but not as bad as DELL. Meg will be interviewed tomorrow morning at 8 am central on CNBC. Will be worth it to listen.
Wal-Mart Earnings Preview: At 8X Cash-Flow, Don't Sweat The Tax Refund Weakness [View article]
Good numbers out of WMT this am. stock trading up. Guided to 1% - 3% US comp for this calendar year which is a little better than the 1% - 2% we've seen. Needs to trade solidly over $70.25 or the 1999 high to break out again.
Toll Earnings Preview: Focus On Revenue Growth And That Is Still Flashing Green [View article]
Revenues were ugly. Not a small miss either between concensus and actual. That should take a little hair out of the homebuilders. $30 should be decent level of support for stock.
Hewlett-Packard Earnings Preview: Best Outcome For HP Might Be Dell Shareholder Battle [View article]
Yes, I like Meg, Nick, and the installed base leaves me to conclude PC's arent going away anytime soon. The growth rate is the concern. Will be interesting to see how HPQ reacts on a market pullback. That will be a good tell.
Wal-Mart Earnings Preview: At 8X Cash-Flow, Don't Sweat The Tax Refund Weakness [View article]
"comparables" or same-store-sales. In English the sales increase while excluding the newly opened stores. retailers can grow revenues two ways: increase sales from existing stores or add new stores. The "comparables" metric measures the sales increase from the existing store base and excludes newly opened stores so analysts can better measure sales productivity. Usually, depending on the retailer, the stores open less than 1 year are excluded from the comp. Good question.
Wal-Mart Earnings Preview: At 8X Cash-Flow, Don't Sweat The Tax Refund Weakness [View article]
Good point, Sean. WMT is 18(x) free-cash-flow currently or roughly in line with the last 3 years average. even 8(x) cash-flow might be thought of as expensive since it could be used as an EBITDA proxy, and some value investors might prefer 5(x), but we have modeled WMT since the late 1990's and the price to cash-flow valuation has slowly come down much the same as the p.e has compressed on the stock. An even more attractive metric is the 0.50(x) price to sales metric. Since late 1999, WMT has averaged 10% cash-flow growth per year over that 12 - 13 year time frame. If i can pay 8(x) that currently, i think that is a good deal, but i see your point.
Whole Foods Earnings Preview: Can This Premier Specialty Grocer's Incredible Growth Continue? [View article]
Nice call, Akram. The stocks gets reasonably valued (in my opinion and given the market opportunity) near $80, but that is always tough to time. We prefer to buy small positions for clients and average down. Havent bought yet though. Still think we get a market correction that would bring growth stocks like WFM in to reasonable prices.
Whole Foods Earnings Preview: Can This Premier Specialty Grocer's Incredible Growth Continue? [View article]
Actually you are both right but the discussion is killing me. Our internal model, pre-earnings put a valuation on WFM of $132, while Morningstar, who I've found is notoriously conservative with their DCF valuation model, outs a fair value on WFM of $86. Split the difference and if we could buy more WFM at $78 - $82, i would. They have a goal of 1,000 stores with roughly 350 currently. They could grow like this for a while. With that multiple, I just want to buy it at long-term technical support and when the sentiment doesn't generate discussions like this. Thanks for the thoughts though. Let's have fun with it.
Whole Foods Earnings Preview: Can This Premier Specialty Grocer's Incredible Growth Continue? [View article]
I have to update SBUx's spreadsheet Akram, but i might respectfully disagree with you on WFM vs SBUX. ON a cash-flow basis, i believe WFM is far cheaper, but i'll reserve judgment until the s/sheet is finalized. Always a good discussion though.
Whole Foods Earnings Preview: Can This Premier Specialty Grocer's Incredible Growth Continue? [View article]
Yes, good catch Tom. the increase was from 140 ml to 188.5 million. need to get that corrected. Just bad typing. Thanks for catching. Integral part of the story.
Hewlett-Packard Earnings Preview: Best Outcome For HP Might Be Dell Shareholder Battle [View article]
Wal-Mart Earnings Preview: At 8X Cash-Flow, Don't Sweat The Tax Refund Weakness [View article]
Toll Earnings Preview: Focus On Revenue Growth And That Is Still Flashing Green [View article]
Hewlett-Packard Earnings Preview: Best Outcome For HP Might Be Dell Shareholder Battle [View article]
Hewlett-Packard Earnings Preview: Best Outcome For HP Might Be Dell Shareholder Battle [View article]
Wal-Mart Earnings Preview: At 8X Cash-Flow, Don't Sweat The Tax Refund Weakness [View article]
Wal-Mart Earnings Preview: At 8X Cash-Flow, Don't Sweat The Tax Refund Weakness [View article]
Whole Foods Earnings Preview: Can This Premier Specialty Grocer's Incredible Growth Continue? [View article]
Sell Wal-Mart Prior To February 21st Earnings [View article]
Whole Foods Earnings Preview: Can This Premier Specialty Grocer's Incredible Growth Continue? [View article]
Whole Foods Earnings Preview: Can This Premier Specialty Grocer's Incredible Growth Continue? [View article]
Whole Foods Earnings Preview: Can This Premier Specialty Grocer's Incredible Growth Continue? [View article]
Put Me In Coach, I'm Ready To Play [View article]
Whole Foods Earnings Preview: Can This Premier Specialty Grocer's Incredible Growth Continue? [View article]
Whole Foods Earnings Preview: Can This Premier Specialty Grocer's Incredible Growth Continue? [View article]