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  • General Electric's Dividend Growth Is Fantastic [View article]
    shermantr,

    A fair question: why do you look backwards when you assess dividend growth potential?

    This is a great topic, which is what we're trying to address.

    Thanks,

    The Valuentum Team
    info@valuentum.com
    Mar 11, 2015. 03:35 PM | 2 Likes Like |Link to Comment
  • Corning Has A Lot Going For It [View article]
    derf nenhob,

    Per the fourth bullet point within the article itself:

    "• Corning Gorilla Glass is a thin sheet glass designed specifically to function as a cover glass for display devices such as tablets, notebook PCs, televisions and mobile phones. We like the growth prospects in this area, though sapphire technology is a tangible threat. The company has a lot going for it. Corning could eventually move into providing sapphire displays as well. The very idea that GT Advanced (GTAT) declared bankruptcy shows that risks remain for these display providers. Technology changes so fast."

    Thank you!

    The Valuentum Team
    Mar 10, 2015. 03:55 PM | Likes Like |Link to Comment
  • Corning Has A Lot Going For It [View article]
    derf nenhob,

    Tightening the fair value range truncates Corning's upside potential and would result in a company whose stock would then be considered overpriced.

    Thanks for reading.

    The Valuentum Team
    Mar 10, 2015. 03:53 PM | Likes Like |Link to Comment
  • Corning Has A Lot Going For It [View article]
    qwertyzyx,

    Our entire valuation process is forward-looking and considers expectations for growth, not inconsistent with consensus forecasts over the next few years.

    Kind regards,

    The Valuentum Team
    Mar 10, 2015. 03:52 PM | Likes Like |Link to Comment
  • Corning Has A Lot Going For It [View article]
    derf nenhob,

    Thank you again for your contributions to the article and raising these important questions.

    The fair value estimate, which is the midpoint of the range, can also be a very relevant metric. We refer to it as our best estimate of the company's intrinsic worth.

    The large fair value range of Corning is more about the uncertainty to the upside of the company, than it is about underlying business risk. If we were to tighten the fair value range, thereby ignoring some of Corning's upside potential, then shares would be considered overpriced.

    This is probably not what you are suggesting. Hope this provides some insight on how to think about this.

    Best wishes,

    The Valuentum Team
    info@valuentum.com
    Mar 10, 2015. 03:51 PM | 1 Like Like |Link to Comment
  • Lumber Liquidators Is Cheap But... [View article]
    Thank you JPevzner!

    Wishing you the very best,

    The Valuentum Team
    info@valuentum.com
    Mar 10, 2015. 01:15 PM | Likes Like |Link to Comment
  • Corning Has A Lot Going For It [View article]
    derf nenhob,

    Stock prices have tripled off the March 2009 bottom. A fair value range that considers the time-tested principles of a margin of safety, adopted and trumpeted by the likes of Warren Buffet and Benjamin Graham, is quite informative.

    The inability of analysts to predict a company's quarterly earnings reveals the inherent difficulty in fair value estimation and should be very telling about the fallacy of precision. Applying a reasonable discount to intrinsic value is a tried-and-true practice.

    Please also understand, however, that uncertainty is not only to the downside, but also to the upside. This is why Corning's fair value range may be larger than, say, Honeywell's, for example. Uncertainty is not only to the downside. This is what you are picking up in our work -- Corning's upside potential and wide range of opportunities.

    Again, we're after identifying valuation outliers across our entire coverage universe. We also provide a point fair value estimate, which is the midpoint of the fair value range.

    There are a large number of companies that fall outside of our fair value ranges for them, and those are the ones that we are very, very interested in.

    Hope this helps clarify things.

    Kind regards,

    The Valuentum Team
    info@valuentum.com
    Mar 10, 2015. 01:13 PM | Likes Like |Link to Comment
  • There Will Be A Better Time To Consider Honeywell [View article]
    derf nenhob,

    Stock prices have tripled off the March 2009 bottom. A fair value range that considers the time-tested principles of a margin of safety, adopted and trumpeted by the likes of Warren Buffet and Benjamin Graham, is quite informative.

    The inability of analysts to predict a company's quarterly earnings reveals the inherent difficulty in fair value estimation and should be very telling about the fallacy of precision. A 20% discount to intrinsic value is a very reasonable margin of safety in the grand scheme of things.

    Again, we're after identifying valuation outliers across our entire coverage universe. We also provide a point fair value estimate, which is the midpoint of the fair value range.

    There are a large number of companies that fall outside of our fair value ranges for them, and those are the ones that we are very, very interested in.

    Hope this helps clarify things.

    Kind regards,

    The Valuentum Team
    info@valuentum.com
    Mar 10, 2015. 01:09 PM | Likes Like |Link to Comment
  • Whoa! ConocoPhillips Has Moved Too Far Too Fast [View article]
    Thank you all for your comments! We like hearing from each and every one of you!

    Kind regards,

    The Valuentum Team
    Feb 21, 2015. 01:17 PM | Likes Like |Link to Comment
  • CSX Train Derails, A Material Event? [View article]
    deercreekvols,

    We appreciate the kind words. Thank you for reading!

    The Valuentum Team
    Feb 20, 2015. 03:39 PM | Likes Like |Link to Comment
  • CSX Train Derails, A Material Event? [View article]
    Thanks Joseph! Our best wishes as well.

    Kind regards,

    The Valuentum Team
    Feb 20, 2015. 03:38 PM | Likes Like |Link to Comment
  • ConocoPhillips Fans Need Not Worry [View article]
    Thank you all for the comments! We appreciate the continued support.

    Kind regards,

    The Valuentum Team
    Feb 20, 2015. 03:37 PM | Likes Like |Link to Comment
  • Upping Our Fair Value Estimate Of Alibaba [View article]
    Andypochta1,

    The question is not between GAAP and non-GAAP. As in any valuation approach, the question is about free cash flow. Through the first nine months of 2015, Alibaba has raked in $5 billion in free cash flow. Accounting is not as important to the valuation equation than free cash flow.

    All the best,

    The Valuentum Team
    http://www.valuentum.com
    Feb 8, 2015. 11:03 AM | 2 Likes Like |Link to Comment
  • Upping Our Fair Value Estimate Of Alibaba [View article]
    Andypochta1,

    Thanks for reading. Pasted below is a link to a walk-through of our DCF valuation model. It is about 15 minutes. The speaker is Valuentum's President Brian Nelson:

    http://bit.ly/1C79NUP

    Hope you'll have a look.

    The Valuentum Team
    info@valuentum.com
    Feb 8, 2015. 10:54 AM | 1 Like Like |Link to Comment
  • Upping Our Fair Value Estimate Of Alibaba [View article]
    Thanks andypotchta1 and Ewlik,

    We think a fair value range, or a margin of safety, is critical to the valuation equation.

    All the best,

    The Valuentum Team
    info@valuentum.com
    Feb 8, 2015. 10:53 AM | 1 Like Like |Link to Comment
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