Seeking Alpha

Valuentum

 
View as an RSS Feed
View Valuentum's Comments BY TICKER:
Latest  |  Highest rated
  • Pepsi's Dividends Are Not Paid With Earnings [View article]
    Hi David,

    That is exactly what we do -- examine the firm's capital structure and its future free cash flows relative to dividend payments. That's exactly what the Dividend Cushion does, and why Pepsi is coming up short on our metrics.

    Again, we're not calling for a dividend cut anytime soon at Pepsi, we're saying that it can cover its dividends 1.1 times with future free cash flows (after considering its capital structure). This is fairly close to parity, which in our definition is poor.

    Management will still raise the dividend, but if the Dividend Cushion score doesn't improve, then the magnitude of dividend increases will slow.

    If the commenters on this post read anything else, please understand the Dividend Cushion -- it is well worth the 3-5 minutes it takes to read the following article:

    http://bit.ly/124FCv4

    Kind regards,

    The Valuentum Team
    http://www.valuentum.com
    Jun 28 11:57 AM | Likes Like |Link to Comment
  • The Healing Power Of Quarter-End [View article]
    What are the key takeaways and why?
    Jun 27 11:59 PM | Likes Like |Link to Comment
  • Apple Hits $400: Is Now The Time For Dividend Growth Investors To Get In? [View article]
    We're an independent research firm that avoids all conflicts of interest.

    Thanks for the question.

    Kind regards,

    The Valuentum Team
    http://www.valuentum.com
    Jun 27 06:11 PM | Likes Like |Link to Comment
  • How To Beat 99.9% Of Professional Investors [View article]
    Count them on one finger?
    Jun 27 11:19 AM | Likes Like |Link to Comment
  • Apple Hits $400: Is Now The Time For Dividend Growth Investors To Get In? [View article]
    Thank you all for reading our piece!

    Kind regards,

    The Valuentum Team
    http://www.valuentum.com
    Jun 27 11:11 AM | 2 Likes Like |Link to Comment
  • 'Overdue' Dividend Increases: Which Streaks Will End? [View article]
    Hi David,

    Why is this important? What if all of these companies raised their dividends January 1, 2014. Would we think differently of them?
    Jun 26 11:45 AM | 1 Like Like |Link to Comment
  • American Capital Agency Corp. - Book Value Resilience In The Face Of Rates Back-Up [View article]
    Hi REIT Analysis,

    Thank you for your thoughts. Though we appreciate your comments and the various opinions on firms, we'll continue to reiterate our opinion until the facts change.

    Obviously, the sources of the material used in our article are clearly stated in our article. We've received a significant amount of feedback from saving investors a significant amount of cash from the recent sell-off.

    Thanks again for responding. We're focused on financial analysis and providing an opinion about the trajectory of future value creation for the group.

    If you'd like to talk further, I can be reached at the contact information below.

    Kind regards,

    Brian Nelson, CFA
    President, Equity Research
    Valuentum Securities, Inc
    brian@valuentum.com

    http://www.valuentum.com
    info@valuentum.com
    Jun 25 12:20 PM | Likes Like |Link to Comment
  • American Capital Agency Corp. - Book Value Resilience In The Face Of Rates Back-Up [View article]
    We continue to reiterate our opinion that mREITs are not for the individual investor. Their lofty yields have already shown to not be sustainable, and further cuts are around the corner. We continue to focus on book value deterioration, which is the primary driver behind valuation-driven analysis.

    http://seekingalpha.co...

    Kind regards,

    The Valuentum Team
    http://www.valuentum.com
    Jun 25 11:54 AM | Likes Like |Link to Comment
  • Arena Pharmaceuticals' Belviq Approval May Not Match The Hype [View article]
    One year later. What has this stock done? We hope you can appreciate our down-to-earth approach and research methods.

    Kind regards,

    The Valuentum Team
    http://www.valuentum.com
    Jun 25 11:48 AM | Likes Like |Link to Comment
  • Yes, We're Still Huge Fans Of Intel's Dividend Cushion [View article]
    No problem William. Thank you for reading!

    Kind regards,

    The Valuentum Team
    http://www.valuentum.com
    Jun 23 09:08 PM | Likes Like |Link to Comment
  • Did You Know This Company Is A Dividend Aristocrat? [View article]
    Thank you all for reading.

    For more information on why we use a fair value range and to identify firms that are trading outside their respective fair value ranges, please take a gander at our website.

    Kind regards,

    The Valuentum Team
    http://www.valuentum.com
    Jun 23 09:07 PM | Likes Like |Link to Comment
  • The Mortgage REIT Business Doesn't Work ... [View article]
    AGNC cut its dividend today, while Realty Income raised theirs. I trust you can see our unbiased opinion shining through. We hope you may take a look at our research in a new light after these developments.

    Kind regards,

    The Valuentum Team
    http://www.valuentum.com
    Jun 19 12:48 PM | 1 Like Like |Link to Comment
  • Evaluating Alcoa's Intrinsic Value [View article]
    Hi Gumby,

    That is why we use a fair value estimate range in our analysis, which considers the volatility of aluminum prices. We're the only research firm out there that offers a fair value range for over 1,000 stocks.

    Kind regards,

    The Valuentum Team
    http://www.valuentum.com
    Jun 18 01:31 PM | 1 Like Like |Link to Comment
  • Why Amazon's Expansion Knows No Bounds [View article]
    Well said. A great reason for a large margin of safety!
    Jun 17 05:08 PM | Likes Like |Link to Comment
  • Why Amazon's Expansion Knows No Bounds [View article]
    Hi Paulo,

    We've done a lot of work with Amazon, and the leverage in its business model is incredible. Even minor changes in its operating margin can have a tremendous impact on its fair value estimate, largely due to its huge sales base.

    The option value embedded in Amazon's share price is that it will find a way to move the needle just a little bit on the margin side, which would have huge implications on its fair value. That's why there's this disconnect with current earnings versus intrinsic worth (that option value).

    Every percentage point of operating margin is worth $40-$60 in intrinsic value per share. It's a big needle-mover (given the revenue base).

    Kind regards,

    The Valuentum Team
    http://www.valuentum.com
    Jun 17 04:13 PM | Likes Like |Link to Comment
COMMENTS STATS
1,254 Comments
446 Likes