Dividend Increases/Decreases for the Week December 24
December 24, 2021
Below we provide a list of firms that raised their dividends during the week ending December 24. The dividend reports of covered firms on this list will be updated shortly with the new information. To access our dividend reports use the ‘Symbol’ search box in our website header. Firms Raising Their Dividends This Week Banco Bradesco (BBD): now $0.0386 per share special dividend, was $0.003. Bank First (BFC): now $0.22 per share quarterly dividend, was $0.21. BK Technologies (BKTI): now $0.03 per share quarterly dividend, was $0.02. Boardwalk REIT (BOWFF): now CAD 0.325 per share special dividend, was $0.0834. Camden National (CAC): now $0.40 per share quarterly dividend, was $0.36. Cross Timbers Royalty Trust (CRT): now $0.1371 per share monthly
Some Questions Answered: The Fair Value Estimate Range and ROIC
December 23, 2021
Q: In the 16-page stock reports, why doesn’t the ‘percentage undervalued / overvalued’ match up to the actual discount/premium to Valuentum’s fair value estimate of the company? A: We view the intrinsic value of a company as a Fair Value Range, not necessarily a single point estimate, so the undervalued and overvalued calculations match up to either the low fair value estimate or high fair value estimate, respectively. Within the context of a margin of safety, we wouldn’t necessarily view a company to be worth precisely $55 per share, for example; instead we’d view the company as worth between $50 (low end fair value estimate) and $60 per share (high end fair value estimate), with the low and high fair
Adobe Signals Near Term Growth Rate Slowing Down, Longer Term Outlook Still Quite Bright
December 21, 2021
Image Source: Adobe Inc – December 2021 Financial Analysts Meeting IR Presentation By Callum Turcan On December 16, Adobe Inc (ADBE) reported fourth quarter earnings for fiscal 2021 (period ended December 3, 2021) that modestly beat consensus top- and bottom-line estimates. However, shares of ADBE plummeted in the wake of its latest earnings report as management signaled that the firm’s near term growth rate would slow down in fiscal 2022 versus levels seen in fiscal 2021. Investors were apparently hoping for more, though in our view, Adobe’s longer term growth outlook is still quite bright. Our fair value estimate sits at $576 per share of Adobe. Earnings Update The company’s GAAP revenues were up 20% year-over-year last fiscal quarter, reaching
Our Report on the Banks & Money Centers Industry
December 20, 2021
Image Source: Ethan Stock Banks & Money Centers Industry Report – select the link below to download the pdf Summary We’ll talk about how banks make money, and the three most important costs of running a bank. The Great Financial Crisis revealed the tremendous risks of banking equities, and we’ll walk through these risks in depth. We will also cover how the COVID-19 pandemic impacted capital markets and the banking industry, and what to expect going forward. We’ll discuss how to conceptualize where we are in the banking cycle, and how that helps inform our valuation process for banks, which is different than traditional operating entities. The stress tests have helped many of the big banks from pursuing hazardous endeavors during
FedEx Beats Estimates, Raises Guidance
December 19, 2021
Image Source: FedEx Corporation – Second Quarter of Fiscal 2022 Earnings Infographic By Callum Turcan On December 16, the logistics giant FedEx Corporation (FDX) reported second quarter earnings for fiscal 2022 (period ended November 30, 2021) that beat both consensus top- and bottom-line estimates. The firm also moderately raised its earnings guidance for fiscal 2022 in conjunction with its earnings update after previously reducing its full fiscal year guidance when reporting its fiscal first quarter earnings update. FedEx noted in its fiscal second quarter earnings press release that “higher revenue per shipment at all transportation segments” positively benefited its operating income performance and helped offset headwinds from labor shortages and related supply chain constraints. The company also recently announced a
Kroger Beats Estimates and Once Again Raises Guidance
December 14, 2021
Image Source: Kroger Co – Third Quarter of Fiscal 2021 IR Earnings Presentation By Callum Turcan Kroger Co (KR) recently reported third quarter earnings for fiscal 2021 (period ended November 6, 2021) that beat both consensus top- and bottom-line estimates, and the retailer also once again boosted its full-year guidance for fiscal 2021. Kroger’s operations include retail store brands such as City Market, Food 4 Less, Fred Meyers, Metro Market, and more, along with its private label brands of consumer staples offerings. Shares of KR have shifted meaningful higher since its latest earnings update as of this writing. Earnings Update In fiscal 2020 (period ended January 30, 2021), Kroger put up banner performance due in large part to the “panic”
Make Sure You Are on Our Mailing List!
December 13, 2021
Join our email list by clicking the link below and then “Join Our Email List.” Thank you! “I’m so proud of you. Keep going, keep studying. Stay prudent, stay diversified. Cut through the industry nonsense on indexing. See through the tricks of holdings-based benchmarking that are used to take your eyes off the big picture. Keep doing your homework — and don’t forget: We continue to like stocks for the long haul! It’s been a lot of fun cutting through the indexing propaganda all these years. May you all have a blessed holiday season!” Here is the link: https://myemail.constantcontact.com/What-Are-Valuentum-s-Best-Ideas-.html?soid=1110817109903&aid=fDN05Xmjf98 ———- Valuentum (val∙u∙n∙tum) [val-yoo-en-tuh-m] Securities Inc. is an independent investment research publisher, offering premium equity reports, dividend reports, and ETF reports, as well as commentary across
Oracle Shares Surge!
December 13, 2021
Image Source: Oracle Corporation – November 2019 IR Presentation By Callum Turcan Shares of Oracle Corporation (ORCL) surged in the wake of the tech giant reporting its second-quarter fiscal 2022 earnings (period ended November 30, 2021) on December 9, which beat both consensus top- and bottom-line estimates. We include Oracle as an idea in both the Dividend Growth Newsletter and ESG Newsletter portfolios (more on that here), and we couldn’t be more pleased with the company’s performance of late. Its pivot towards cloud-oriented offerings is playing out quite favorably as Oracle’s growth outlook is now quite bright. Earnings Update and Outlook Oracle’s GAAP revenues were up 6% year-over-year last fiscal quarter, hitting $10.4 billion. This was made possible via strong
Dividend Growth Idea and ESG Favorite Oracle Soars!
December 12, 2021
Image: Oracle’s shares have soared so far this year, and we have been all over the opportunity. By The Valuentum Team Shares of Oracle (ORCL) advanced 15%+ during the trading session December 10. This is a big win not just for the Dividend Growth Newsletter portfolio but also the ESG Newsletter portfolio as well. Congrats! Oracle’s 16-page Stock Report (pdf) >> Oracle’s Dividend Report (pdf) >> –——— Valuentum members have access to our 16-page stock reports, Valuentum Buying Index ratings, Dividend Cushion ratios, fair value estimates and ranges, dividend reports and more. Not a member? Subscribe today. The first 14 days are free.
Best Idea Korn Ferry Continues to Fire on All Cylinders
December 9, 2021
Image Shown: Korn Ferry, an idea in our Best Ideas Newsletter portfolio, reported a strong earnings report on December 8. Image Source: Korn Ferry – Second Quarter of Fiscal 2022 IR Earnings Presentation By Callum Turcan On December 8, the consulting firm Korn Ferry (KFY) reported second-quarter earnings for fiscal 2022 (period ended October 31, 2021) that beat both consensus top- and bottom-line estimates. Strength was seen across the board at its ‘Consulting,’ ‘Digital,’ ‘Executive Search,’ and ‘RPO and Professional Search’ business operating segments which all reported nice fee revenue growth and non-GAAP adjusted EBITDA margin expansion. Please note that RPO stands for recruitment process outsourcing. The company issued guidance for the fiscal third quarter within its latest earnings update
