Best Ideas Newsletter portfolio idea Verint (VRNT) surged after it reported fiscal fourth quarter earnings after the close March 27. The company was added to the Best Ideas Newsletter portfolio April 2017. It was a controversial idea, but it is paying off big time! This article was sent to members via email March 27.
Note: The Financial Advisor Level member publications will be released April 15.
By Brian Nelson, CFA
Hi everyone,
I wrote up a rather long email today. You can access that email here. One of our best ideas, Verint (VRNT) is surging. If you recall, this was quite the controversial name, but we stuck with it, and it is paying off nicely.
The stock is rallying on upside first-quarter guidance (ending in April) and a raised fiscal 2020 outlook, targeting revenue at $1.37 billion (+10% year-over-year growth) and earnings per share at $3.60 (12% year-over-year growth), both significantly above consensus forecast. You can read the press release here. We’ll have more to say as we digest the report.
As I close this note out, guess which company is having its best quarter…ever? You guessed it: Chipotle (CMG). Chipotle was the latest edition to the Best Ideas Newsletter portfolio. I sincerely hope you are enjoying your membership, and thank you.
Kind regards,
Brian Nelson, CFA
President, Investment Research
Valuentum Securities, Inc.
brian@valuentum.com
Value Trap Is Here!
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Brian Nelson does not own shares in any of the securities mentioned above. Some of the companies written about in this article may be included in Valuentum’s simulated newsletter portfolios. Contact Valuentum for more information about its editorial policies.