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Recent Articles
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Fedex Bolstered By Cost Savings from Its DRIVE Program
Mar 25, 2024
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Image: FedEx continues to extract cost savings from its DRIVE initiatives.
FedEx is doing a lot of things right as it drives cost savings from its DRIVE program in the face of a challenging revenue environment. Shares of FedEx bounced nicely following the release of its fiscal third quarter report, and while they aren’t trading at bargain basement prices on the basis of our fair value estimate, we think shares could have upside to north of $300 based on the high end of our fair value estimate range. Shares yield ~1.8% at the time of this writing.
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Ameresco’s Shares Under Pressure Despite Record Backlog and Asset Pipeline Metrics
Mar 24, 2024
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Image Source: Ameresco’s backlog of opportunities remains robust.
We like the trajectory of Ameresco’s backlog, its order momentum as well as commentary that “proposal activity (remains) at an all-time high.” The company’s track record and technical know-how suggest to us that win rates will likely continue to be healthy. That said, we continue to monitor Ameresco’s debt position and adjusted operating cash flow trends closely, and while the firm remains an idea in the ESG Newsletter portfolio, we’re viewing it as a source of cash should another ESG idea present a better risk-reward opportunity.
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Nike’s Revenue to Face Pressure During First Half of Fiscal 2025
Mar 22, 2024
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Image: Nike’s shares have faced considerable pressure from the beginning of 2022, and its outlook for the first half of fiscal 2025 wasn’t great.
We’re huge fans of Nike’s consecutive dividend growth track record, but uncertainty regarding the future pace of sales growth in China, growing competition from the likes of Lululemon and Vuori, and macro-driven weakness expected in the first half of fiscal 2025 leave us on the sidelines for now. Shares yield ~1.5% at the time of this writing.
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Understanding Stock Splits
Mar 22, 2024
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Let’s dig into how stock splits impact valuation.
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