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 Jan 2020
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 Jan 2020
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 Jan 2020
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 Dec 2019
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 Dec 2019
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 Nov 2019