Member Articles

Dividend Increases/Decreases for the Week Ending April 10

by

Below we provide a list of firms that raised their dividends during the week ending April 10. 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 Bilbao Vizcaya Argentaria, S.A. (BBVA): now $0.173 semi-annual dividend, was $0.1101. EKIMAS Corporation (ASNB): now $0.18 per share special dividend. GFL Environmental (GFL): now $0.01 per share quarterly dividend. Grupo Aval Acciones y Valores S.A. (AVAL): now $0.025 per share monthly dividend, was $0.0246. SBM Offshore N.V. (SBFFF): now $0.7600 per share annual dividend, was $0.3735. Telefonica Brasil S.A. (VIV): now $0.269 per share, was … Read more

Digital Realty’s Growth Outlook Improving, Shares Near All-Time Highs

by

Image Source: Digital Realty Trust Inc – March 2020 IR Presentation By Callum Turcan Digital Realty Trust Inc (DLR) is a holding in both the Dividend Growth Newsletter portfolio and High Yield Dividend Growth Newsletter portfolio (order here), and its shares have performed quite well of late with DLR trading near all-time highs as of this writing. Year-to-date, DLR is up ~26% while the S&P 500 (SPY) is down ~13% as of this writing. Demand for data centers is surging as the ongoing coronavirus (‘COVID-19’) pandemic is forcing households to stay indoors, which in turn is increasing demand for video streaming services, telecommunications offerings, and other activities that are voracious consumers of data. During these harrowing times, we hope members … Read more

US Fiscal Stimulus and Emergency Spending Update

by

Image Source: Pictures of Money By Callum Turcan On Thursday, April 9, the US Senate is set to hold a vote on whether to add additional funding towards helping small- and medium-sized businesses (‘SMBs’) on top of the $350 billion allocated towards a loan/grant program that was included in the recently passed $2+ trillion Coronavirus Aid, Relief, and Economic Security Act (‘CARES Act’). Members who want to read our commentary on the CARES Act are encouraged to check out this article here, and for additional commentary, check out our ‘Recapping the Crash’ note here and one of our latest videos here. We sincerely hope everyone and their loved ones stay safe during the ongoing coronavirus (‘COVID-19’) pandemic. Pivoting back to … Read more

ASML Holding Is an Impressive Enterprise with a Pristine Balance Sheet and Rock-Solid Growth Trajectory

by

Image Source: ASML Holding NV – 2019 Annual Report By Callum Turcan Netherlands-based ASML Holding NV (ASML) supplies lithography systems and services to the makers of semiconductors and semiconductor components, primarily to firms with operations in East Asian and US markets. The firm’s stock price has rebounded sharply since the middle of March 2020, and as of this writing, shares of ASML yield ~1.1% (due to the firm paying out its dividend in euro, there are foreign currency effects to be aware of). We like ASML’s focus on innovation, its pristine balance sheet, rock-solid growth trajectory, and quality cash flow profile. Given the complexities of this company and the space it caters to, we will provide an overview of its … Read more

24 in a Row! Order the Exclusive Today!

by

Image Source: An excerpt from the March 2020 edition of the Exclusive publication. Valuentum offers commentary across the capital stack in the Exclusive publication. In the Exclusive publication, Valuentum highlights three new ideas each month to consider, one for income, one for capital appreciation, and a “short” idea consideration (all three outside our existing coverage universe). Fresh, underfollowed and new ideas — outside our coverage universe — every month! Nothing is held back.  Big Winners Backed by In-Depth Theses Since the monthly Exclusive was first published in July 2016, Valuentum’s mission with the publication has been to produce an unmatched newsletter that delivers ideas with high success rates and ones backed by in-depth theses across the three key themes: income, … Read more

Wayfair’s Sales Rise as US Households Stay In

by

Image Shown: Shares of Wayfair Inc shot up on April 6 after publishing a very favorable business update. By Callum Turcan E-commerce firm Wayfair Inc (W) sells furniture and home décor online and operates several websites including Wayfair, Joss & Main, AllModern, Birch Lane, and Perigold. Shares of W surged upwards on April 6 after the e-commerce company put out a very promising business update that stated Wayfair’s sales were skyrocketing upwards. Here’s a key excerpt (emphasis added): For its first quarter of 2020, Wayfair expects to meet or exceed its previously issued guidance of 15% to 17% consolidated net revenue growth year-over-year and consolidated Non-GAAP Adjusted EBITDA Margin in a negative 7.3% to 7.8% range. Wayfair continues to see … Read more

Tesla’s Well-Timed Equity Raise Provides a Much Needed Buffer During the Current Crisis

by

Image Shown: Shares of Tesla Inc are still up materially over the past year after coming in considerably since skyrocketing in late-2019 through early-2020, before the pandemic slowed the global economy to a crawl. By Callum Turcan Tesla Inc (TSLA) isn’t immune to the ongoing coronavirus (‘COVID-19’) pandemic, far from it, but a well-timed capital raise combined with strong operational performance in the first quarter of 2020 (before the pandemic hit) has renewed investor confidence in the electric vehicle maker and battery producer. Operational Update Before Tesla was forced to halt production at its Fremont factory in California by the end of the day on March 23, to comply with California’s stay-at-home order (which only allows “essential” businesses to remain … Read more

US Beer Sales Reportedly Surge During the Pandemic, Dollar General Well-Positioned to Meet Rising Demand

by

Image Source: Valuentum By Callum Turcan According to some reports, US beer and alcohol sales are surging during the ongoing coronavirus (‘COVID-19’) pandemic. As of early Wednesday April 1, Johns Hopkins University reported there are now over 850,000 confirmed cases of COVID-19 around the world and that includes over 42,000 fatalities. We are still months away from human trials commencing on a potential vaccine, and it likely won’t be until 2021 at the very earliest that a vaccine could enter commercial production. As we wait out this pandemic, we hope everyone and their loved ones stay safe. Booze Sales Surge The global market research firm Nielsen reported that US alcohol sales jumped 55% year-over-year in the week that ended March … Read more

Repub from July 2019 — The Valuentum Economic Roundtable

by

This article was published July 23, 2019. We sat down with the Valuentum team to get their thoughts on the global economy and key issues that may threaten this near 10-year bull market. Let’s start with Valuentum’s Bank and Financials Contributor Matthew Warren, and then we’ll go around the horn. Matthew Warren: It’s interesting what’s happening at the nexus of the consumer and various retailers. It reminds me of the pockets of discretionary weakness back in 2008. I made money on Men’s Warehouse (TLRD) puts back then. Nobody is really in a rush to buy a suit, especially if they are concerned about their job prospects. At least we only have CLOs (collateralized loan obligations) and Europe/China stress to ponder … Read more

Dividend Increases/Decreases for the Week Ending April 3

by

Below we provide a list of firms that raised their dividends during the week ending April 3. 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 Bank OZK (OZK): now $0.27 per share quarterly dividend, was $0.26. H.B. Fuller (FUL): now $0.1625 per share quarterly dividend, was $0.16. InterContinental Hotels Group PLC (IHG): now $0.839 per share semi-annual dividend, was $0.399. MV Oil Trust (MVO): now $0.205 per share quarterly dividend, was $0.190. New Residential Investment 6.375 CUM PFD C (NRZ.PC): now $0.4029 per share quarterly dividend. Sabine Royalty Trust (SBR): now … Read more