Deere & Company: A Proven Industrial Stock For Dividend Growth Portfolios [View article]
"Despite the peak of provision for doubtful receivables in 2009, management has worked to quickly reduce provisions for credit losses, as demonstrated in the graph below"
That is a BAD sign - not a good one. Assuming no bad receivables artificially pumps up current year EPS but it is totally unrealistic to assume anywhere close to 0%.
This will come back to bite DE later.
I own and like DE but failing to reserve for future bad debt does not make the risk of it happening it go away.
Oracle Versus SAP: Valuations That Defy Logic [View article]
Further in sights from Oracle's own investor relations department...
Practically speaking there is a scarcity factor that helps SAP as many European investment firms have guidelines to maintain certain levels of local investment, and finding large cap software is a challenge outside of SAP.
Regards,
Ken Bond | Vice President Oracle Investor Relations
Yield To The Obvious - Calamos Asset Management [View article]
Bruce,
CLMS was the same company, with the same management, when its shares traded at $15.33, $17.40 and $14.10 that it is today. It was just priced much higher. Those much higher quotes did not signify anything other than what you had to pay/could sell for.
Those who bought in the past when the valuation was low got great trading opportunities.
Buyers today, including lots of insiders, should do very well in the future.
Yield To The Obvious - Calamos Asset Management [View article]
Bruce7b,
In mathematical equations you can ignore 'constants' as they do not change the relationship if they are the same on both sides.
Calamos has had the same management since they first came public. Whatever their 'Corporate Governance' ratings are now... they are the same as they been throughout their trading history.
That rating can thus be ignored, at worst, or even looked at favorably, at best, on the assumption that it would be more likely to improve than to worsen. There are already some shareholder groups working to push CLMS officers to take steps to increase the stock price.
Your comparison of CLMS with Franklin Resources is not as different as you imply. CLMS and BEN have each improved BV, dividends and EPS significantly since 2008. Both stocks have been higher in the past than they trade for today.
BEN touched $145.80 back in 2007 and peaked at $137.60 in 2011. It's $132.52 now. I own BEN shares and have written positively about them here on SA (and on Real Money Pro) on quite a few occasions but at lower valuation levels. http://bit.ly/U5S7Vb
Calamos has partially recovered from the recession yet the stock does not now , at $9.50 /share, reflect the extent of the improvement. That's why I like it so much and probably why insiders have continued to buy.
Getting the same shares at $9.50 that were $15.33, $17.40 and $14.10 during the past three years despite a net debt free balance sheet and a 4.63% is what makes this a great time to own shares. Buy low - sell high still makes sense unless you see negatives that you haven't mentioned.
BEN is a good company but the stock was available as low as $94.40 earlier in 2012. Unlike CLMS, it now trades for close to fair value, has a much lower yield and a much higher price/book value.
One year from today I expect that CLMS will have outperformed BEN on total return based on last week's closing quotes.
Fight Your Fear. Buy Bargains. [View article]
The only stock I said to buy right now was CAT.
Fight Your Fear. Buy Bargains. [View article]
The only stock I said to buy right now was CAT.
Fight Your Fear. Buy Bargains. [View article]
It was just used here as an example of how even well-regarded shares can get hammered enough short-term to make for good trading opportunities.
Fight Your Fear. Buy Bargains. [View article]
The Restaurant Performance Index Is Flashing Warning Signals [View article]
Darden Restaurants Announces Expected Second Quarter Diluted Net Earnings Per Share and Revises Fiscal Year 2013 Earnings Outlook [View article]
http://seekingalpha.co...
American Coca-Cola Vs. Mexican Cola [View article]
That doesn't jibe with your conclusion that FMX is a far superior choice today.
Health Food Markets: Hazardous To Your Wealth? [View article]
Both valuations were predictably unsustainable.
Deere & Company: A Proven Industrial Stock For Dividend Growth Portfolios [View article]
That is a BAD sign - not a good one. Assuming no bad receivables artificially pumps up current year EPS but it is totally unrealistic to assume anywhere close to 0%.
This will come back to bite DE later.
I own and like DE but failing to reserve for future bad debt does not make the risk of it happening it go away.
Domino's - Buy The Pizza But Sell The Shares [View article]
Oracle Versus SAP: Valuations That Defy Logic [View article]
Actual FY 5-year growth from ORCL was $1.01 - $2.46.
That's a 143.6% cumulative increase - not the amount indicated.
ORCL's last five-year growth rate still compared very favorable with SAP's 36.8% over that same period.
Oracle Versus SAP: Valuations That Defy Logic [View article]
Further in sights from Oracle's own investor relations department...
Practically speaking there is a scarcity factor that helps SAP as many European investment firms have guidelines to maintain certain levels of local investment, and finding large cap software is a challenge outside of SAP.
Regards,
Ken Bond | Vice President
Oracle Investor Relations
Domino's - Buy The Pizza But Sell The Shares [View article]
2008: 14.7x
2009: 8.8x
2010: 9.9x
2011: 14.4x
4-year average: 11.95x
DPZ looks very expensive today.
Yield To The Obvious - Calamos Asset Management [View article]
CLMS was the same company, with the same management, when its shares traded at $15.33, $17.40 and $14.10 that it is today. It was just priced much higher. Those much higher quotes did not signify anything other than what you had to pay/could sell for.
Those who bought in the past when the valuation was low got great trading opportunities.
Buyers today, including lots of insiders, should do very well in the future.
Yield To The Obvious - Calamos Asset Management [View article]
In mathematical equations you can ignore 'constants' as they do not change the relationship if they are the same on both sides.
Calamos has had the same management since they first came public. Whatever their 'Corporate Governance' ratings are now... they are the same as they been throughout their trading history.
That rating can thus be ignored, at worst, or even looked at favorably, at best, on the assumption that it would be more likely to improve than to worsen. There are already some shareholder groups working to push CLMS officers to take steps to increase the stock price.
Your comparison of CLMS with Franklin Resources is not as different as you imply. CLMS and BEN have each improved BV, dividends and EPS significantly since 2008. Both stocks have been higher in the past than they trade for today.
BEN touched $145.80 back in 2007 and peaked at $137.60 in 2011. It's $132.52 now. I own BEN shares and have written positively about them here on SA (and on Real Money Pro) on quite a few occasions but at lower valuation levels.
http://bit.ly/U5S7Vb
Calamos has partially recovered from the recession yet the stock does not now , at $9.50 /share, reflect the extent of the improvement. That's why I like it so much and probably why insiders have continued to buy.
Getting the same shares at $9.50 that were $15.33, $17.40 and $14.10 during the past three years despite a net debt free balance sheet and a 4.63% is what makes this a great time to own shares. Buy low - sell high still makes sense unless you see negatives that you haven't mentioned.
BEN is a good company but the stock was available as low as $94.40 earlier in 2012. Unlike CLMS, it now trades for close to fair value, has a much lower yield and a much higher price/book value.
One year from today I expect that CLMS will have outperformed BEN on total return based on last week's closing quotes.