Seeking Alpha
View as an RSS Feed

Valuentum  

View Valuentum's Articles BY TICKER:
A, AA, AAL, AAPL, ABBV, ABT, ABX, ACN, ACOM, ADBE, ADI, ADM, ADP, ADSK, AET, AGCO, AGNC, AGU, AIG, AIR, AIRI, AKS, ALGN, AMAT, AMD, AMGN, AMZN, ANF, ANR, ANTM, APA, APC, APD, APOL, APU, ARG, ARII, ARLP, ARMH, ARNA, ARUN, ATI, ATR, ATRO, AVP, AXE, AYI, AZN, AZO, BA, BABA, BAC, BAH, BAX, BBBY, BBRG, BBRY, BBT, BBY, BDX, BGC, BGFV, BHI, BHP, BIDU, BIIB, BIP, BK, BMS, BMY, BOBE, BPI, BPL, BRCM, BRK.A, BRK.B, BSX, BUD, BWLD, BWP, C, CACI, CAG, CASY, CAT, CBRL, CBS, CCL, CELG, CHD, CHDN, CHH, CIEN, CL, CLB, CLCT, CLF, CLNE, CLR, CLX, CMCSA, CMCSK, CME, CMG, CMI, CMP, CNH, CNI, COH, COP, COST, COV, CPB, CR, CRM, CROX, CSCO, CSIQ, CSX, CTAS, CTB, CTL, CVC, CVG, CVGI, CVR, CVX, CXW, D, DAL, DBD, DD, DDD, DDE, DDR, DE, DECK, DELL, DFS, DG, DHI, DHR, DIS, DISH, DKS, DLTR, DO, DOV, DOW, DPM, DPS, DPZ, DRC, DRI, DSW, DTV, DV, EA, EBAY, EDAC, EMC, EMN, EMR, ENB, EOG, EONGY, EPD, EQY, ESRX, ETN, ETP, EVEP, EXC, EXPD, EXPE, F, FAA, FAST, FB, FCX, FDO, FDS, FDX, FFIV, FINL, FIO, FITB, FIVE, FL, FMCN, FNSR, FRT, FSLR, G, GCI, GD, GE, GES, GGP, GHC, GILD, GIS, GLW, GM, GMCR, GME, GNW, GOL, GOOG, GOOGL, GORO, GPC, GPS, GRMN, GRPN, GS, GSK, GWR, HABT, HAL, HAS, HCN, HCP, HD, HELE, HES, HGG, HLF, HMC, HNZ, HOG, HON, HOT, HP, HPQ, HRB, HRL, HRS, HSBC, HSY, HUN, IBM, INTC, IP, IR, IRM, ISCA, ISRG, ISSC, ITW, JBL, JCI, JCP, JJSF, JMBA, JNJ, JNPR, JOE, JOSB, JOY, JPM, JRCCQ, JWN, K, KALU, KBH, KEY, KIM, KLAC, KMB, KMI, KMP, KMX, KO, KONA, KORS, KR, KRFT, KSS, LBY, LEA, LEG, LEN, LINE, LL, LLL, LLTC, LLY, LMT, LNKD, LO, LOW, LSI, LULU, LUV, LYB, M, MA, MAIN, MAN, MAR, MAS, MAT, MCD, MCO, MDC, MDLZ, MDP, MDT, MGA, MGEE, MKC, MKC.V, MLNX, MMM, MNK, MNRO, MNST, MO, MON, MORN, MOS, MRK, MS, MSFT, MTD, MU, MW, NATH, NBR, NE, NEM, NEU, NFLX, NKE, NOC, NOK, NOV, NSC, NSP, NSRGY, NTRS, NVDA, NWS, NWSA, NYT, O, OHI, OI, OMI, OPEN, ORCL, OUTR, OXY, P, PAA, PAY, PAYX, PBI, PBPB, PCAR, PCLN, PCP, PDCO, PDS, PEP, PETM, PFE, PG, PH, PIR, PKG, PLL, PM, PNK, PNRA, POOL, POT, PPG, PPL, PPO, PSS, PSX, PTR, PX, PZZA, QCOM, RAI, RDS.A, REV, RF, RGC, RHT, RIO, RL, RNDY, ROK, ROP, RRD, RRGB, RSG, RSH, RST, RT, RTH, RTN, RUSHA, RUTH, RYN, S, SAM, SAVE, SBAC, SBUX, SCCO, SDRL, SE, SEE, SFD, SHFL, SHLD, SIAL, SIEGY, SKS, SLB, SLW, SNA, SNDK, SNI, SO, SODA, SOHU, SON, SONC, SPG, SPY, SRCL, SSNGY, STI, STJ, STM, STMP, STON, STRA, STX, STZ, SUP, SVU, SWHC, SWK, SWY, SYNA, SYY, T, TAL, TAP, TATT, TCB, TCEHY, TEN, TEVA, TGP, TGT, TIF, TJX, TM, TOL, TOT, TRI, TRW, TSLA, TSM, TSN, TSO, TTWO, TUP, TV, TWTR, TXN, UA, UAL, UFS, UL, ULTA, UNP, UPS, URBN, USB, USG, UTIW, UTX, V, VALE, VAR, VFC, VIA, VIAB, VIVO, VLO, VMC, VRNT, VRSN, VZ, WAT, WBA, WCN, WDC, WEN, WFC, WFM, WHR, WM, WMT, WU, WWW, XOM, XRX, YHOO, YUM, ZMH, ZNGA, ZOES, ZTS, ZUMZ
  • Raytheon's Dividend Is Solid
    Sun, Feb. 15 RTN 7 Comments

    Summary

    • Raytheon will face a weaker 2015, but the market doesn't seem to care.
    • The firm is trading north of our fair value estimate range at the moment.
    • Raytheon's dividend growth prospects are worth paying close attention to, however.
  • American Railcar: Opportunistic Idea?
    Sun, Feb. 15 ARII 11 Comments

    Summary

    • The massive decline in the price of crude oil has reset the equity values lower of many companies in the sector.
    • But has Mr. Market overreacted in certain cases?
    • Let's take a look at one of the largest makers of tank railcars, American Railcar.
  • Exxon Mobil Still Resilient In The Face Of Adversity
    Fri, Feb. 13 XOM 9 Comments

    Summary

    • Exxon Mobil is built for these tough times.
    • The firm's cash-flow generating capacity is solid, and its economic returns are the best among the majors.
    • We expect the company to come out ahead once the dust settles and oil prices stabilize.
  • Nathan's Famous' Shares Getting Pricey
    Thu, Feb. 12 NATH Comment!

    Summary

    • Nathan's Famous' hot dogs are enjoyed far and wide.
    • We think the firm has a long runway of growth ahead of it, particularly with co-branding efforts.
    • Still, Mr. Market is paying attention, and not giving us much of an opportunity.
  • Bravo Brio's Shares Are Starting To Get Cheap
    Wed, Feb. 11 BBRG 2 Comments

    Summary

    • Bravo Brio operates within the upscale, affordable niche of Italian food.
    • Both of the company's concepts, Bravo! and Brio, remain the firm's primary growth areas.
    • Shares of Bravo Brio are trading at the low end of our fair value range, and we think investors should at least have them on their watch list.
  • Union Pacific May Be Best In Breed
    Tue, Feb. 10 UNP 14 Comments

    Summary

    • Union Pacific is not beholden to the Central Appalachian coal markets of the eastern United States.
    • We think its route network is relatively more attractive as a result. The railroad's ability to convert a dollar of revenue into a dollar of free cash flow is top-notch.
    • Though we like the company quite a bit, its valuation is getting pricey. Mr. Market loves shares.
  • This New IPO Is Hard To Break
    Tue, Feb. 10 HABT 7 Comments

    Summary

    • Habit Restaurants is one of the fastest-growing burger establishments in the US. The company's recent IPO has put it on the map.
    • Let's take an informative view of the risks of this investment idea. Is its niche already too saturated for sustained long-term growth?
    • We'll also put the rubber to the road in assigning the company a fair value estimate.
  • Dollar Tree Wins Family Dollar; Will Falling Gas Offset The Winner's Curse?
    Tue, Feb. 10 DLTR, FDO 3 Comments

    Summary

    • The dollar store industry is expected to benefit greatly from the significant slide in gas prices.
    • Dollar Tree recently bested Dollar General in scooping up Family Dollar's assets.
    • Will falling gas prices help offset the winner's curse, or is Dollar Tree now headed for underperformance?
  • Merck's Late-Stage Pipeline Should Pay Dividends
    Mon, Feb. 9 MRK 5 Comments

    Summary

    • Merck may be facing pressure due to the loss of exclusivity related to a few key drugs, but its late-stage pipeline remains very promising.
    • The pharma giant's dividend has returned to growth! We peg its Dividend Cushion ratio at north of 2, and a near 3% yield is nothing to scoff at.
    • However, as in the case of most strong companies, the market doesn't put shares on sale very often.
  • Abbott Looks Forward To Another Strong Year
    Mon, Feb. 9 ABT 1 Comment

    Summary

    • There are few stronger cash-flow generators than Abbott.
    • The firm generates tremendous economic value for shareholders.
    • Though we like the company more than ever, the market isn't providing much of a buying opportunity.
  • Buffalo Wild Wings Off To A Strong Start In 2015
    Sat, Feb. 7 BWLD 2 Comments

    Summary

    • The niche restaurant boasting beer, wings, and sports is off to a fantastic start in 2015.
    • The firm remains one of our favorite restaurant ideas, but shares are not necessarily cheap.
    • There may be a better time to scoop up this gem at a better price.
  • Upping Our Fair Value Estimate Of Alibaba
    Fri, Feb. 6 BABA 106 Comments

    Summary

    • The Street is too near-term focused when it comes to Alibaba.
    • Our forecasts mirror the company's current growth trajectory, and we think shares are cheap.
    • Let's walk through an update of our valuation forecasts for the company.
  • This Small Cap Restaurant May Be The Best Growth Story
    Fri, Feb. 6 ZOES 6 Comments

    Summary

    • Zoe's Kitchen has just scratched the surface of unit growth.
    • From less than 200 units currently, the fast-casual Mediterranean-inspired restaurant thinks it won't satisfy consumer demand until 1,600 locations are reached.
    • However, as with most growth stories in a market overflowing with liquidity, shares don't offer much of a valuation opportunity.
  • Is Target's Management Team Only After The Quick Buck?
    Thu, Feb. 5 TGT 23 Comments

    Summary

    • Target has thrown in the towel on its Canadian endeavor, and we think the jury is still out on whether this was the right move.
    • The stock has popped on the announcement, but where will Target look for future growth, now that it has abandoned Canada?
    • The executive suite may be a little short-term oriented for our taste. Are they not thinking about long-term investors?
  • Why Chipotle Is An Olympic High-Jumper
    Wed, Feb. 4 CMG 1 Comment

    Summary

    • Chipotle continues to prove the critics wrong.
    • The pace of the company's same-store sales are enough for even a small firm to be envious.
    • Selling pressure following its fourth-quarter results is either because the Street is on to Chipotle's overvaluation or it doesn't know that management is consistently conservative with comp guidance.
    • We're huge fans of Chipotle's operating success, but its valuation leaves much to be desired.
  • LyondellBasell's Dividend Is A Head-Turner
    Tue, Feb. 3 LYB 5 Comments

    Summary

    • LyondellBassell operates in the ultra-volatile and cyclical chemical and refining end markets.
    • The firm generates gobs of free cash flow and its economic returns are solid.
    • LyondellBassell has a robust Dividend Cushion ratio, and we think its dividend is one of the strongest in the broad chemicals industry.
  • Fastenal: Strong Moat, But What About Its Castle?
    Mon, Feb. 2 FAST 11 Comments

    Summary

    • The concept of an economic moat has become commonplace within an investor's toolkit, but what about the economic castle?
    • Let's talk about the economic castle and why it's important for investors to assess such a concept.
    • We'll do so in context of one of our favorite industrial distributors, Fastenal, widely classified as having "wide-moat" characteristics.
  • Eli Lilly's Pipeline Is Worth Watching Closely
    Mon, Feb. 2 LLY 5 Comments

    Summary

    • Eli Lilly's dividend has returned to growth. We think the modest dividend increase signals good times to come at the firm. Shares yield ~2.8%.
    • Eli Lilly has more than a half dozen molecules in Phase III development, a number of them we expect to propel future revenue and earnings.
    • The market is aware of the company's promising prospects, however. We value shares slightly lower than the price at which they're trading.
  • Jamba's Refranchising Efforts Will Transform Its Business
    Mon, Feb. 2 JMBA Comment!

    Summary

    • Jamba is the king of "better-for-you" juices and smoothies.
    • Management is working hard to transform the company's business model into one that is sustainably profitable.
    • The market is paying attention, however, and we value shares at $17 each.
  • Starbucks: The Stock Is Just Too Pricey
    Sun, Feb. 1 SBUX 9 Comments

    Summary

    • Starbucks is operating fantastically, and its growth prospects remain encouraging.
    • However, shares are trading at nosebleed levels relative to intrinsic value, and we think caution is in order.
    • We value Starbucks at $72 per share, a far cry from its near-$90 price tag at present.
  • Moving On From Pfizer's 2009 Dividend Cut
    Sun, Feb. 1 PFE 4 Comments

    Summary

    • Historical data is just that: history. We think investors are finally moving on from Pfizer's dividend cut in 2009.
    • We were pleased that Pfizer backed away from acquiring AstraZeneca. Its bid was way too high.
    • Pfizer's 3.5% annual dividend yield, and new therapies in the pipeline make for a combination worth paying attention to.
  • AbbVie's Viekira Pak Has Caught Everyone's Attention
    Fri, Jan. 30 ABBV 42 Comments

    Summary

    • AbbVie is one of the strongest pharma companies on the market today.
    • With the backing of blockbuster Humira and canceling its decision to buy Shire, we think dividend growth investors are in for a treat.
    • Shares are trading below the midpoint of the fair value range, and its recent entrance into HCV could be the catalyst to drive price-to-fair value convergence.
  • McDonald's Needs More Than Just A New CEO
    Fri, Jan. 30 MCD 12 Comments

    Summary

    • McDonald's needs more than just a new CEO.
    • Its dividend growth prospects have also waned.
    • The firm doesn't offer investors much of a valuation opportunity.
  • Commercial Aerospace Is Flying High And Boeing Loves It
    Thu, Jan. 29 BA 1 Comment

    Summary

    • Very few firms in history have had a backlog of unfulfilled deliveries as large as that of Boeing at present.
    • The company has unprecedented visibility, and customers can't get planes fast enough.
    • Boeing's fourth quarter results resolved some of the market's near-term concerns regarding cash flow, and we're expecting the commercial aerospace upswing to continue.
    • We see upside in Boeing's shares to ~$170 on the basis of the upside of our fair value range.
  • TAT Tech: A Stock For The Radar
    Thu, Jan. 29 TATT Comment!

    Summary

    • We generally like firms that reside in the commercial aerospace supply chain thanks to a favorable industry backdrop.
    • TAT Tech is not only levered to commercial aerospace, but a large portion of its revenue comes from higher-margin services.
    • The firm is a stock worth keeping on the radar and one for consideration should its price fall below the low end of the fair value range.
  • Air Industries Is Tied At The Hip With Defense Spending
    Wed, Jan. 28 AIRI Comment!

    Summary

    • Air Industries' critical defense-related components are a key competitive advantage, especially for a small supplier.
    • The company, however, operates at the whim of major supplier United Technologies and defense budget cycles.
    • We think the market is valuing shares of Air Industries appropriately.
  • GE, Honeywell: 4th Quarter Results Surprisingly Solid
    Fri, Jan. 23 GE, HON 1 Comment

    Summary

    • We had thought GE and Honeywell would have a difficult time this fourth quarter in light of troubles in the energy and commodity-price markets.
    • It appears our concerns were overblown, as both reported solid numbers and issued a strong outlook for 2015.
    • We like both GE and Honeywell, but we point to GE as a compelling investing idea.
    • GE is trading at just 12 times annualized earnings and pays out a ~4% dividend yield.
  • Innovative Solutions May Not Fully Recover From Delta's Cancellation
    Fri, Jan. 23 ISSC Comment!

    Summary

    • Innovative Solutions operates in healthy end markets, but its customers are fickle.
    • The firm's backlog, for the lack of a better word, has been obliterated due to a lost contract with Delta.
    • We're not sure the company will ever completely recover, and we value shares in line with the market.
  • Reiterating Our $20 Per Share Fair Value Estimate On Ford
    Wed, Jan. 21 F 23 Comments

    Summary

    • Ford is approaching our consider buying range, which is below $14 per share.
    • We were very pleased at management's decision to raise the dividend, and we're anxiously awaiting sales updates on the new F-series.
    • Let's take a look at Ford as a potential new idea in this piece.
  • Precision's Warning Indicates GE May Miss In Q4
    Tue, Jan. 20 PCP 3 Comments

    Summary

    • Precision Castparts noted that volatile oil and gas markets will cause it to miss its fiscal third-quarter results.
    • The announcement, while surprising, was not tragic by any stretch of imagination. Precision is still one of the best-run aerospace suppliers.
    • However, we think it portends a very difficult calendar fourth quarter for energy-related, power generation-focused industrials.
    • Namely, we expect GE to miss fourth-quarter numbers. But the market is about expectations, and shares may rally with this uncertainty removed.
  • What Some Bellwethers Are Saying About 2015
    Wed, Jan. 14 BA, COL, EADSY Comment!

    Summary

    • 2015 is shaping up to be a volatile year.
    • We think it's informative to stay on top of new developments across various sectors.
    • Let's take a look at what a few industry bellwethers have been saying about 2015.
  • Our Take On 5 Popular Dividend Growth Stocks
    Dec. 26, 2014 AGNC, EMR, ETP 7 Comments

    Summary

    • Dividend growth investing is in vogue, and we want to get our opinion out there on some of the most-followed dividend growth stocks.
    • We think a wide variety of opinions is valuable in helping investors polish their respective theses.
    • In this piece, let's get our takes on Annaly, Energy Transfer Partners, Emerson Electric, HCP, and PPL Corp.