Apple shares have rallied 35% in less than 3 months since pre-announcing worse than expected Q1 results on January 2, 2019. This video reviews the last three months of Apple trading as a case study on the impact of market sentiment and the swings it […]
Net cash of ~$50M vs market cap of ~$150M. 3 year average (2015 – 2017) EV/EBITDA of less than 2x. The stock also pays a 4% dividend yield. We take a look at shares of $QTRH and examine key considerations for the stock including bull, […]
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 $GOOGL and examine key considerations for […]
Brookfield Property Partners ($BPY) is currently trading at ~40% discount to NAV. It owns some of the highest quality real estate in the world and currently offers a 7% distribution yield. This video looks at some of the reasons that might explain the discount and […]
Our most recent VLOG reviews the recent takeover announcement for ZCL and compares with our initial analysis (August 2018) and Q3 update (Nov 2018) on the stock. On January 20, Shawcor announced an agreement to acquire ZCL for $10.00 per share (46% premium to the […]
Splish! Splash! – ZCL’s new CEO takes a bath! This video discusses Q3 results, as well as announcement of a profit improvement plan, 2019 as a transition year to bring margins back to historical levels, and key takeaways for investors including sustainability of the dividend. […]
Highliner reported tough Q3 results. Revenue, EBITDA and earnings were all down year over year. Despite reducing debt in dollar terms, shrinking EBITDA resulted in an increase in the leverage ratio (Debt/TTM EBITDA) close to 6x. Concurrent with its results, the Company has announced a […]
As part of Q3 earnings, Enbridge ($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
Facebook reported Q3 2018 earnings. We look through the conference call transcript and quarterly investor presentation for updates on revenue and expense growth. We also walk through the key drivers of revenue growth and revisit our #bull #base #bear case scenarios.