Seeking Alpha
View as an RSS Feed

Non-Correlating Stock Ideas  

View Non-Correlating Stock Ideas' Articles BY TICKER:
  • Troubled Competitor Makes World Fuel Services Corp. An Interesting Play
    Nov. 7, 2014 INT 6 Comments

    Summary

    • Large INT competitor, OW Bunker, has fraud and teeters on edge of nankruptcy.
    • EBIT margin for INT's Marine Segment have been depressed in recent years.
    • A return to past margins for Marine Segment could lead to large upside in INT's EPS.
  • L.B. Foster: Above Average Growth In Rail Services At A Below Average Price
       • Oct. 7, 2014 FSTR 2 Comments

    Summary

    • FSTR provides exposure to the North American rail renaissance through its rail services segment.
    • The stock is trading at the low end of its historical valuation range.
    • FSTR has $7.26 per share in net cash, and likely to deploy soon via acquisitions.
  • Northwest Pipe: Addition By Subtraction, Street EPS Estimates Missing The Full Benefit
       • Apr. 12, 2014 NWPX Comment!

    Summary

    • The divestiture of Houston and Bossier City OCTG pipe mills removed a money losing business from the Tubular segment, allowing the Atchison mill’s performance to shine.
    • My pro forma ex-items EPS for 2013 improves by $0.62, from $1.75 to $2.37.
    • NWPX’s future earnings contributions to be primarily from Water segment. Outlook for large projects with significant potential order profiles looks the best in years.
    • Water peer group valuation suggests NWPX currently trades at over a 40% discount based on P/E multiples for my 2014 EPS estimate of $2.51.
    • Management continues to successfully transform the return and earnings profile of this company. With increased capital flexibility post-divestiture, look for future tuck-in acquisitions in the Water segment.
  • A Sale Of Northwest Pipe's OCTG Segment Could Unlock A Massive Return For Shareholders
       • Oct. 7, 2013 NWPX Comment!
  • What Yesterday's OCTG Trade Case Means For U.S. Pipe Manufacturers
    Jul. 3, 2013 NWPX, X Comment!
  • It's Not Too Late To Sell Refiners Tied To Brent/WTI Oil Spread
    Editors' Pick • Jul. 3, 2013 CVI, DK, HFC 51 Comments
  • What The Street Might Be Missing On Refiners; Why The Brent/WTI Spread Might Continue To Contract
    Apr. 5, 2013 VLO, TSO, CVI 28 Comments
  • Northwest Pipe: A Value Stock With Significant Return Potential
    Feb. 28, 2013 NWPX 6 Comments