Investment Analysis of Alphabet / Google ($GOOG)

20%+ growth, $100B of net cash. Significant investments being made (both opex and capex) to drive future growth of core business as well as “Other Bets”. Trades at less than 25x earnings. We take a look at shares of $GOOGL and examine key considerations for […]

Quick Take – Why Enbridge Stopped the DRIP!

As part of Q3 earnings, Enbridge ($ENB) announced suspension of their dividend reinvestment plan.  My take on management’s rationale for the decision and implications for shareholders. Key discussion points: Growth capital funding requirements Leverage Historical and project dilution Valuation