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Recent Articles
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Honeywell's ESG Efforts May Benefit from More Board Diversity and Moving Beyond Its Asbestos-Saddled Past
Dec 10, 2022
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Image: Honeywell continues to put together a long resume of ESG highlights. Image Source: Honeywell’s Environmental, Social and Governance Report.
Honeywell’s 100+ page Environmental Social and Governance Report for 2022 is a tremendous resource that indicates Honeywell means business when it comes to ESG-related efforts. The firm has a lot of work to do to get to carbon neutral by 2035, and we’d like to see a more diverse board and perhaps more reasonable compensation at the top, but the trajectory for ESG considerations at Honeywell is moving in the right direction. Prior asbestos-related issues weigh heavily on our ESG assessment of Honeywell, but we expect continued improvement across all areas of ESG in the years to come at the firm.
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We Win Some, We Lose Some: Best Idea Exxon Mobil Expects Huge Cash Flow Growth in Coming Years
Dec 9, 2022
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Image: Exxon Mobil has been one of the biggest contributors of alpha to the Best Ideas Newsletter portfolio during 2022. Image: Valuentum.
It would have been difficult to sit out energy during 2022 and have a good year. Though the areas of dividend growth and high-yield dividend investing have held up better than more speculative areas, energy has been a key source of alpha across our newsletter suite this year. We added Exxon Mobil mid last year, in June 2021, to the Best Ideas Newsletter portfolio, Dividend Growth Newsletter portfolio, and High Yield Dividend Newsletter portfolio, and shares have rocketed more than 60% higher during 2022 alone. We continue to like shares of Exxon Mobil and peg a per-share fair value estimate of $122 on them.
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Dividend Increases/Decreases for the Week of December 9
Dec 9, 2022
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Let's take a look at firms raising/lowering their dividends this week.
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Korn Ferry Beats Expectations in Second Quarter
Dec 8, 2022
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Image: Korn Ferry’s shares still look cheap by our estimates. Image Source: Korn Ferry.
Businesses around the world are dealing with new challenges in a post COVID-19 world, and global consulting firm Korn Ferry is working hard to build solutions for them. We continue to include Korn Ferry as an idea in the simulated Best Ideas Newsletter portfolio and remain huge fans of its enormous free cash flow generation and its pristine balance sheet that holds a material net cash position. We’re sticking with our $75 per-share fair value estimate, which implies upside potential to where shares are trading.
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