Caterpillar Sets Performance Records in Second Quarter; Raises 2012 Profit Outlook
July 26, 2012
Caterpillar posted strong second quarter results, and the firm raised its 2012 bottom-line outlook despite concerns about the global economy. We think Caterpillar is the most interesting idea in the agricultural equipment space.
Visa Posts Strong Fiscal Third Quarter Results
July 26, 2012
Payments processor Visa reported strong fiscal third-quarter results, and we continue to expect valuation upside in the shares.
Ford Posts Record Quarter in North America But European Results Remain Weak
July 26, 2012
Automaker Ford continues to struggle in Europe. We think the stock remains undervalued, but many challenges lie ahead.
Pepsi’s Second Quarter and Guidance Were Underwhelming
July 26, 2012
Global snack and beverage giant PepsiCo reported underwhelming results for its second quarter. We don’t find the stock very compelling at current levels.
Buffalo Wild Wings Reports Strong Revenue Growth But Weak Profitability Gains
July 25, 2012
Restaurant chain Buffalo Wild Wings reported stellar revenue growth during the second quarter, but high chicken wing prices have become an impediment to significant earnings expansion.
Under Armour Continues to Grow…But Not Profitably
July 25, 2012
Under Armour reported strong second quarter revenue growth, but the firm failed to meet our earnings growth estimates. Shares remain overvalued.
Boeing Reports Strong Second Quarter; Raises Full Year Outlook
July 25, 2012
The global aerospace giant reported strong second-quarter results and raised its top- and bottom-line outlook for 2012. The firm’s commercial backlog remains robust at nearly 4,000 unfulfilled orders, and we continue to expect a boom in commercial aircraft deliveries in coming years.
Apple’s “Miss” Creates Intriguing Opportunity
July 25, 2012
Though shares are trading down over 5%, we thought Apple’s fiscal third quarter was relatively strong. We’re big fans of the stock.
Private Equity Consortium Said To Be In Talks to Take Ancestry.com Private in Deal Priced in the Mid-to-High $30s
July 24, 2012
According to the NYTimes DealBook, Best Idea Ancestry.com is in discussions with a private-equity consortium to take itself private at a price in the mid-to-high $30s, a 45% premium to its Tuesday closing price at the high end of the range.
Altria Posts a Fantastic Second Quarter
July 24, 2012
Cigarette maker Altria continues to perform well in spite of worries about a secular decline in cigarette consumption and a difficult economy. We think shares have upside from current levels.
