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  • Why ConocoPhillips' Dividend Is Not Great...Anymore [View article]
    Hi oldokie,

    Though we haven't seen any of your work, we have quite a bit on our site. At risk of disappointing Seeking Alpha with this link, here's where you can find our body of research on ConocoPhillips:

    http://bit.ly/ZwmziO

    All the best,

    The Valuentum Team
    Aug 21, 2013. 03:58 PM | Likes Like |Link to Comment
  • Why ConocoPhillips' Dividend Is Not Great...Anymore [View article]
    Hi Casey Hoerth,

    Please take a free trial of our site. You'll be impressed at how much scaffolding there is!

    All the best,

    The Valuentum Team
    Aug 21, 2013. 03:57 PM | Likes Like |Link to Comment
  • Why ConocoPhillips' Dividend Is Not Great...Anymore [View article]
    Hi WheresTheDough,

    Every analyst has a valuation process -- that's correct. Those that do not have a valuation process may be in a bit of trouble when it comes down to deciding which stocks are attractive and which ones are not.

    We'd welcome you to visit our site where you can dig deeper into our 25-page long-term outlook on crude oil and our break down on which majors we like. This particular article addresses the firm's dividend.

    Hope this helps clarify things. Please take a look at our bio as well, as we hope our credentials lend some credibility to our posts.

    All the best,

    The Valuentum Team
    Aug 21, 2013. 03:55 PM | Likes Like |Link to Comment
  • Why ConocoPhillips' Dividend Is Not Great...Anymore [View article]
    Hi johnbferg,

    The firm's Dividend Cushion is well below 1; therefore, it doesn't meet the criteria.

    Thanks for pointing this out. We'd like to be as clear as possible.

    Kind regards,

    The Valuentum Team
    Aug 21, 2013. 03:52 PM | Likes Like |Link to Comment
  • Why ConocoPhillips' Dividend Is Not Great...Anymore [View article]
    Hi oldokie,

    Production is advancing quite well, and ConocoPhillips organic reserve replacement is best among peers. These are great things, but we have to look at the business in its entirety. The firm's net debt position is much larger than Chevron's to the tune of almost $20 billion. In other words, Chevron could issue a special one-time dividend of $20 and have the same net debt position as ConocoPhillips -- by extension then, who has the stronger dividend today?

    Here's some background reading:

    http://seekingalpha.co...

    Thanks so much for reading. Hope you come visit us.

    Kind regards,

    The Valuentum Team
    Aug 21, 2013. 03:51 PM | Likes Like |Link to Comment
  • Why ConocoPhillips' Dividend Is Not Great...Anymore [View article]
    Hi Daniel,

    We do plenty of art in our process. There's a ton of art in dividend analysis, as well, because board's can still raise the dividend, despite a company's underlying fundamentals. It seems as of late that many firms up their dividends when times become increasingly uncertain to. Our process is more geared for the long haul, where short-term management and/or board decisions have limited influence.

    At the end of the day, dividends are paid in cash, and we think a robust analysis of free cash flow and the balance sheet is paramount to assessing whether cash dividends can be paid in the future.

    The 'art' part of our work is also captured in the fair value range, or 'margin of safety,' which we apply to firms across our coverage.

    Thanks for reading!

    The Valuentum Team
    Aug 21, 2013. 03:49 PM | 1 Like Like |Link to Comment
  • Why ConocoPhillips' Dividend Is Not Great...Anymore [View article]
    Hi jesterboomer,

    Thank you so much for commenting on the article. We break down graphically how the Dividend Cushion is calculated at the following link:

    http://seekingalpha.co...

    All the best,

    The Valuentum Team
    Aug 21, 2013. 03:46 PM | Likes Like |Link to Comment
  • Why ConocoPhillips' Dividend Is Not Great...Anymore [View article]
    Hi karfifty4,

    We're not sure how an article can actually be "disgusting", but we'll take it for what it's worth. We love doing financial analysis, and we love being objective. The beauty of it is that many others love our approach to.

    Hope you'll come visit us!

    The Valuentum Team
    Aug 21, 2013. 03:45 PM | Likes Like |Link to Comment
  • Why ConocoPhillips' Dividend Is Not Great...Anymore [View article]
    Rose_Colored_Glasses,

    We like ConocoPhillips' focus on the dividend as well. However, Chevron is in much better shape due to its balance sheet. We quantify it in some of the articles we have written, but it is best displayed at the following link:

    http://seekingalpha.co...

    The energy cycle is something we pay very close attention to and believe the strongest dividend payers will be those with the strongest balance sheets.

    Thank you for reading and commenting. We hope you come visit us.

    The Valuentum Team
    Aug 21, 2013. 03:44 PM | 1 Like Like |Link to Comment
  • A Stock Warren Buffett May Love To Own [View article]
    Based on our valuation processes, which span over 1,000 companies, the cost of equity performed in your DCF process is too low. Remember the cost of equity is based on at least the firm's risk free rate + the equity risk premium, the latter which has averaged over 6% for many, many decades. One should also match expectations of the discount rate with future cash flows, which may also suggest the after-tax cost of debt in this analysis may be too low. Though CLX is a solid firm, we just don't like its net debt load and think that will put it in a bind when it comes to raising its dividend faster than peers.

    Thanks for the article.

    Kind regards,

    The Valuentum Team
    Aug 20, 2013. 02:20 PM | 2 Likes Like |Link to Comment
  • Tesla: The Electric Engine That Could [View article]
    We are an independent equity research firm. We are unbiased and provide our opinion, funded through subscriptions on our website.

    Thank you for reading.

    Kind regards,

    The Valuentum Team
    Aug 20, 2013. 12:37 PM | 1 Like Like |Link to Comment
  • Lone Ranger Can't Ruin Disney's Free Cash Flow [View article]
    Thanks for clarifying deercreekvols.

    No, we have not seen growth at theme parks slow. The sentence you referenced was meant to imply that we'd expect management to be careful not to produce a John Carter or a Lone Ranger in the event that theme park or cable revenue growth slowed.

    At present, losses from box office flops aren't great, but the growth from other segments more than offset this weakness.

    Best,

    The Valuentum Team

    http://www.valuentum.com
    Aug 20, 2013. 12:57 AM | Likes Like |Link to Comment
  • Lone Ranger Can't Ruin Disney's Free Cash Flow [View article]
    deercreekvols,

    What made you believe we were implying attendance would slow?

    Thanks,

    The Valuentum Team

    http://www.valuentum.com
    Aug 19, 2013. 08:01 PM | Likes Like |Link to Comment
  • Intel's Future Lies In Infineon Wireless' Hands [View article]
    That's partially correct Ashraf. You could also present it as a range of outcomes or perform scenario analysis. Valuation and investment considerations are based on quantifying the unknown and future prospects of a firm. Anything other than that is but a story. One cannot just write off the future as unchartered, as the future is the only thing that matters in investing.

    In any case, that's our view, fwiw.
    Aug 19, 2013. 03:07 PM | 1 Like Like |Link to Comment
  • Buffett Proves Berkshire Is More Than An Index [View article]
    Hi American_Merchant,

    True.

    Thanks for reading!

    The Valuentum Team
    Aug 16, 2013. 04:09 PM | Likes Like |Link to Comment
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