By Kyle Sung Company Overview Starwood Property Trust (STWD) is a real estate investment trust focused around real estate and infrastructure. STWD is one of the largest loan originators of any institution, and currently provides commercial, residential and infrastructure loans. The company’s current portfolio of around 16 billion dollars contains 4 business segments: real estate Read more about Starwood Property Trust Inc (STWD)[…]
By Lily Warendorf Despite naming every blatantly obvious attribute of their company, Peloton lacks one significant attribute: profitability. Although not being profitable does not raise red flags for investors in high growth companies like Peloton, it’s unclear path to profitability leads us to short Peloton. While Peloton’s subscribers think they are riding into the future, the Read more about Pedaling Out of Business[…]
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 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?[…]