By David Shakirov Fox Corporation (NYSE:FOXA) Market Cap EV P/E Net Income Mgn Net Debt/EBITDA Proj. Upside (2024) $17.6B $21.5B 11x 13% 1.1x +119% Fox Corp is a media conglomerate operating in two main segments, TV and Cable.. The TV segment has local stations covering <40% of the US population, the Fox channel, and digital Read more about Fox: Tune Into Profits[…]
By David Shakirov UPDATE (03/26/2020): After a smashingly lucrative three day run (a 50% GAIN), the author recommends selling SDC stock. Though long term fundamentals are strong, the stock’s takeoff of 50% since the recommendation places it ABOVE the 8x EV/EBITDA target of 2025. At this valuation, the risk return profile on the company is Read more about Smile Direct Club: Cheap Grins, Cheaper Stock [Sold][…]
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 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 David Shakirov UPDATE 04/29/2019: After a run up from $7.60 (original publication of article) to $10.20 (as of 03/29/2019) — a 37% dividend-adjusted gain — the author recommends selling Ford stock due to macroeconomic concerns, including a late cycle position, geopolitical risks, and recession risk. This books a significant capital gain of 37%, or Read more about Ford: Buy for the Value, Keep for the Dividend [Sold][…]
By David Shakirov UPDATE 03/21/2019: After a rise in the stock after earnings on 03/21/2019, I recommend to unload shares at $43.50, booking a 27.5% gain. An uncertain semiconductor supply/demand dynamic and higher valuation results in a more subpar risk/reward ratio. However, the gain booked from this article is an impressive 15% above the Read more about Micron: Finally A Value Stock? [Sold][…]