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Alerts
A director on ConAgra Brands, Inc.'s (CAG) board made two open market purchases over the New Year (Dec 31 and Jan 2) totaling 40,000 shares and increasing his stake by +114%. We previously examined his first ever open market purchase in CAG back in July, from which he made +28% returns to the date of his new purchases. In that July 2019 alert we noted his history of strong returns from his investments, and the trend continues in CAG now. Time to follow this smart insider again.
15 January 2020
Alerts
Over the last five years, Canadian Solar, Inc. (CSIQ) has underperformed compared to the S&P 500 Index, with a return of +8% compared to the S&P 500 Index’s +62%. Following several unsuccessful pursuits of value creation through a previous attempted Spinoff and failed effort to go private, CSIQ is back to reconsidering a broad range of value-enhancing strategic alternatives for its Modules & Systems Solutions (MSS) and Energy businesses. We lay out a case for a Spinoff of the MSS segment.
10 January 2020
Alerts
A revamped board and new CEO were the first steps taken by a trio of activists in early 2019 when they began the turnaround at specialty retailer Bed Bath & Beyond, Inc. (BBBY). Our investment thesis centers around this industry veteran CEO's track record (similar to our previous calls on Brink's Co. (BCO) and Tableau Software, Inc. (DATA), with further details in our full analysis. The price drop from yesterday's earnings provides another buy level for this turnaround in action.
09 January 2020
Alerts
Amazon, Inc. (AMZN) is in a prime position to make a bid for eBay, Inc. (EBAY) in 2020 (and can afford to do so in cash) after a decade which saw the departure of two CEO’s forced out by activist giants. According to analysis of potential synergies from The Edge (who source under-performing companies for activist involvement, Special Situations and Spinoffs), eBay has had more than its fair share of outsider intervention since it bought PayPal, Inc. (PYPL) in August 2002 for $1.5 billion.
31 December 2019
Alerts
There's a potential stock crisis brewing that could offer up a nightmare before Christmas, despite historic US spending records on Black Friday and Cyber Monday. That’s according to The Edge after their analysis of retail sales over Black Friday and Cyber Monday confirmed the polarization of high-end and low-end retailers. All eyes will be on the major retail stocks as investors tentatively creep toward Christmas Eve trading following last year's crash.
17 December 2019
Alerts
Yesterday’s listing of France’s 52% stake in the state lottery company, Francaise des Jeux (FDJ), was met with great anticipation as the share price soared over 16% on its first day of trading. As Europe’s second largest lottery (the fourth largest worldwide) and due to its stable fundamentals, attractive dividend payments, and a long-term exclusivity deal, we add FDJ to our watchlist for a better entry point ahead of its semi-annual earnings next year.
22 November 2019
Alerts
Both former CEO's of General Electric Co. (NYSE: GE) should pay back their combined half-a-billion severance packages to restore their reputations. Jack Welsh was awarded $417 million dollars when he parachuted out of the company in 2001 and Jeff Immelt should do the same with the $211 million he took in 2017. So says The Edge, stating that the 130-year-old GE is as close to collapse as ever thanks to the legacy of systemic weakness left by 83-year-old Welch and his 63-year-old successor Immelt.
19 November 2019
Alerts
DuPont de Nemours, Inc. (DD) and Corteva, Inc. (CTVA) both have long-term catalysts offering a view toward growth over the coming years, though these positives will take time to play through for the companies. The long-anticipated merger of DuPont and Dow Chemical (completed in August 2017) and the subsequent Spinoffs in 2018 resulted in three pure-play giants in their respective industries, all of which are now able to leverage their respective strengths and look to the future.
19 November 2019
Alerts
After listing through the Reverse Morris Trust transaction from DXC Technology Co. (DXC) in June 2018, Perspecta, Inc. (PRSP) lost roughly 35% of its market value and hit $16 by the end of the year. However, the company has seen a resurgence in its stock price with a +65% rally YTD supported by many minor contract wins (boosting visible cash flow), and has received several extensions for a major NEGN contract through to September 2020. We recommend investors to book profits at current levels.
18 November 2019
Alerts
Inorganic growth has been the name of the game for Fox Corp. (FOXA) since the Entertainment assets (Twenty-First Century Fox, Inc. - TFCF, FOXA's former Parent) were acquired by The Walt Disney Co. (DIS) in Q1 2019. Most recently, FOXA has completed the acquisition of three TV stations from Nexstar Media Group and Credible Labs, as well as maintaining a strong offering of sports and entertainment (The Masked Singer), which have all contributed to this quarter beating estimates.
14 November 2019