Williams College's Financial Publication
By Saamia Khan Back in 1998, Lululemon Athletica founder and former CEO Chip Wilson attended a yoga class where inspiration struck. Coining the term “yoga pants,” Wilson created a company based on women’s yet-to-be-discovered need for a comfy pants. Fast forward 20 years, yoga pants and athleisure as a whole have skyrocketed in popularity, reflecting Read more about When Life Gives You (Lulu)lemons, Buy LULU Shares […]
By David Shakirov Update 03/11/21: The author recommends disposing of this stock. GoPro saw a dramatic rise in its price from the pandemic lows of $2/share to highs of $12-13 in the aftermarket last month. At this price, GoPro is almost fairly valued. However, there are concerns over management’s ability to cut operating expenses to Read more about GoPro: Capturing Distressed Action-camera Maker’s Comeback [SOLD][…]
By David Shakirov The “hunt for value” in US equity markets is a tough one. High valuations and economic uncertainty are some of the barriers challenging investment managers in the United States, trimming alpha to zero (or, in some cases negative). Abroad, however, frontier and emerging economies offer higher growth potential at lower multiples. These Read more about Auto Partner SA: Polish Auto Parts Apparently Boring, Yet Lucrative[…]
By David Shakirov There was a time decades ago, when going to the movies was a spectacular affair. Forget cramped seats, with years-old popcorn stuck in-between its cheap, polyester cloth. Or the overpriced, low quality food offerings. Nowadays, the movie theatres themselves are normally wildly empty — industry insiders cite a capacity utilization rate in Read more about iPic: A Thriller[…]
By David Shakirov UPDATE 11/4/2019: As of 11/4/2019, the author recommends to sell FCAU. Even after a capital gain of 17%, from $13.78 (5/28/19 closing price) to $16.14, today, the stock continues to trade at a compressed EBITDA multiple. Unlike its competitors, FCAU runs net cash, and will likely see margin expansion as it offers Read more about Fiat Chrysler — From Rags to Riches [Sold][…]
By Jack Brady It’s been a pretty eventful 6 weeks since we published our initial outlook on 2019. Trade tensions have continued to ebb and flow, and the U.S. government shutdown ended uneventfully. The Fed has continued its “wait and see” approach to rate hikes, and as of Wednesday afternoon it looks like Powell may Read more about Revisiting Our 2019 Outlook[…]
By David Shakirov UPDATE (6/13/19): the author recommends selling Ferrari stock. Currently, shares trade near $160. Given Ferrari’s guidance for 2022, the stock is trading at a 30x P/E on those numbers, or a 50x+ P/E on today’s figures. Macroeconomic headwinds may still push down its equity price in the next 12-18mo, though Ferrari NV’s Read more about Ferrari — How Much is a Prancing Horse Really Worth? [Sold][…]
By Michael Medvedev NYSE – GM Price: $35.53 (Date of price: 1/9/2019) Price Target: $45.00 P/E Ratio: 58.25 EPS: 0.61 52-week Range: $30.56 – $45.52 Market Capitalization: $49.653 billion Shares Outstanding: 1.411 billion Overall Markets and Auto Industry Since 2017 there has been a dramatic transition in market conditions from long-running market stability to Read more about General Motors 2: Electric Boogaloo[…]
By Stephen Kletscher Company Overview Vodafone Group Plc (NASDAQ:VOD) is a global telecommunications company that operates networks in 72 countries around the world. Although it is based in Europe (74.7% of revenue), Vodafone has operations across Africa and Asia (12.7% of revenue), including a substantial presence in South Africa (12.6% of revenue). Vodafone has the Read more about Vodafone: Is It Finally Time To Buy?[…]
By Nilay neelaveni and Osamah Qatanani Introduction: Many investors are likely to remember 2018 for its ups and downs. In the US markets right now, it is hard to find safe places to invest where even the safest DOW equities have taken a precipitous plunge (Since the selloff in October and as of today, Goldman Read more about Catalyst Biosciences: Buy Below Cash and Get The Patents For Free[…]