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Recent Articles
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Delta Air Lines Generates Record September Quarter Revenue
Oct 10, 2025
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Image Source: TradingView.
Looking to the fourth quarter of fiscal 2025, Delta Air Lines expects total revenue to increase 2%-4%, with an operating margin of 10.5%-12%, resulting in earnings per share in the range of $1.60-$1.90. For fiscal year 2025, earnings per share is targeted at approximately $6.00, while free cash flow is expected in the range of $3.5-$4 billion. Gross leverage is anticipated to be less than 2.5x. Delta ended the quarter with $14.9 billion in debt and finance leases and $3.8 billion in cash and cash equivalents. Delta’s third quarter results speak to healthy consumer spending as a read on the economy, but we won’t be investing in any airline anytime soon.
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Dividend Increases/Decreases for the Week of October 10
Oct 10, 2025
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Let's take a look at firms raising/lowering their dividends this week.
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Casey’s General Stores Executing Well
Oct 7, 2025
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Image Source: TradingView.
Looking to fiscal 2026, Casey’s expects EBITDA to increase 10%-12% and inside same-store sales to increase 2%-5% on an inside margin of approximately 41%. The company expects to open at least 80 stores in fiscal 2026, through a mix of M&A and new store construction, bringing the three-year strategic plan period total to approximately 500 stores. We like Casey’s, but shares aren’t cheap enough for us to bite.
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Lennar Continues to Navigate Weakness in the Housing Market
Oct 7, 2025
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Image Source: TradingView.
In the fiscal third quarter, Lennar’s new orders increased 12% to 23,004 homes. Excluding mark-to-market gains, fiscal third quarter net earnings were $516 million, or $2.00 per diluted share, compared to $1.1 billion, or $3.90 per diluted share in the prior year quarter. The average sales price of homes delivered was $383,000 in the third quarter of 2025, compared to $422,000 in the third quarter of last year. Gross margins on home sales were $1.4 billion, or 17.5%, in the third quarter of 2025, down from 22.5% in the third quarter of 2024. Lennar is navigating weakness in a housing market that is requiring additional incentives, hurting margins, while it deals with higher land costs. We’re not interested in Lennar’s shares at this time.
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