Pandora Continues to Win Ears
June 7, 2012
Pandora announced that hours listened on its network advanced nearly 90% in the month of April compared to last year. We provide our views on the firm’s competitive landscape.
Lululemon’s First-Quarter Results Show No Signs of Slowing
June 7, 2012
Though shares of the athletic-clothing retailer have stumbled today, we think the firm’s lower-than-anticipated guidance is not material to its long-term intrinsic value.
Investors Don’t Like the Way Things Look at The Men’s Wearhouse
June 7, 2012
The men’s clothing retailer missed consensus estimates and shares have come under pressure as a result. However, we still don’t think the firm’s valuation is attractive enough for us to initiate a position.
Best Idea Ancestry.com Surges on Buyout Rumors
June 6, 2012
This article appeared on Seeking Alpha. Please view disclosures: https://seekingalpha.com/article/642181-private-equity-facebook-most-likely-buyers-of-ancestry-com Best Ideas portfolio holding Ancestry.com () surged Wednesday on a report from Bloomberg that said the firm is working with famous technology banker Frank Quattrone’s Qatalyst Partners to sell itself to unlock shareholder value. We believe the company is significantly undervalued, and think the move, if confirmed, makes a lot of sense, given the market’s reluctance to place an appropriate value on the firm’s shares. Ancestry.com, in our view, should get a substantial premium over its current price if it were sold either to a strategic bidder or to a private-equity consortium, given the firm’s tremendous cash-flow generation and negligible debt. Our fair value estimate for the firm rests in the high-$40s, and we would not be surprised
Spotlight: Sysco Has Good Dividend Growth Potential But Shares are Fairly Valued
June 6, 2012
With a dividend yield just shy of 4%, Sysco offers investors a fairly safe dividend that is poised for growth. We’re evaluating the firm for addition to the portfolio of our Dividend Growth Newsletter.
Ulta’s Strong First Quarter Shows Tremendous Execution
June 6, 2012
We are re-evaluating our fair value estimate of Ulta after the firm beat expectations and raised its target store forecast by 20%. Ulta could be in the middle innings of a massive growth phase.
Addressing Intel’s Bear Case
June 5, 2012
After increasing more than 30% since September of last year, Best Idea Portfolio holding Intel has fallen 10% during the past month. Despite the pullback, we think the firm’s stock price rise is far from over, with the company registering a 9 on our Valuentum Buying Index.
Dollar General Shines Through Challenging Times
June 5, 2012
The dollar store giant reported another strong quarter and could issue 25 million new shares in a secondary offering. We think the shares are fairly valued.
Starbucks Buys a…Bakery?
June 5, 2012
Starbucks hopes to add afternoon food items to drive more revenue and store traffic. We take a brief look at the La Boulange acquisition.
Salesforce.com Adds Some Social Firepower
June 4, 2012
Salesforce.com has acquired social media company Buddy Media. Only time will tell if the deal is worthwhile, but we still view Salesforce.com’s shares as fairly valued.
