CALM

Nelson Nailed Food Price Inflation Risks; Markets Heading Lower

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Image Source: Liz West “Milk was up 17%, poultry up 15.9%, while eggs were up 39.8% in the August CPI report.” By Brian Nelson, CFA Hi everyone: I put together a video several weeks ago on August 27, explaining how consumers were tapped out due to inflationary squeezes, particularly at the grocery store, as a big reason for being incrementally more bearish on the equity markets. The August CPI report, released September 13, showed that consumer prices advanced 8.3% on a year-over-year basis and are still accelerating, increasing 0.1 percent from July, where the pace was unchanged. Milk was up 17%, poultry up 15.9%, while eggs were up 39.8% in the August CPI report. We don’t think the market was … Read more

Dividend Increases/Decreases for the Week April 1

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Below we provide a list of firms that raised their dividends during the week ending April 1. 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      AGF Management (AGFMF): now CAD 0.10 per share quarterly dividend, was CAD 0.09. Arbor Realty Trust, Inc. 6.25 FX FT PFD F (ABR.PF): now $0.3906 per share quarterly dividend. Bancolombia S.A. (CIB): now $0.828 per share quarterly dividend, was $0.0661. Bank OZK (OZK): now $0.31 per share quarterly dividend, was $0.30. BioNTech (BNTX): now EUR 2.00 per share special dividend. Cal-Maine Foods (CALM): now $0.125 per … Read more

General Mills Managing Inflationary Headwinds; Scaling Up Pets Business

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Image Source: General Mills Inc – Second Quarter of Fiscal 2022 IR Earnings Presentation By Callum Turcan On December 21, General Mills Inc (GIS), the firm behind the Cheerios, Pillsbury, and Nature Valley brands (among various others), reported second quarter earnings for fiscal 2022 (period ended November 28, 2021) that beat consensus top-line estimates but missed consensus bottom-line estimates. The consumer staples giant also raised its full year guidance for fiscal 2022 in conjunction with its latest earnings report. In the face of major input cost inflationary pressures and supply chain constraints, brought on in part by the coronavirus (‘COVID-19’) pandemic and the fiscal/monetary policies enacted to offset the economic damage caused by the public health crisis, General Mills has … Read more

Kroger Beats Estimates and Once Again Raises Guidance

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Image Source: Kroger Co – Third Quarter of Fiscal 2021 IR Earnings Presentation By Callum Turcan Kroger Co (KR) recently reported third quarter earnings for fiscal 2021 (period ended November 6, 2021) that beat both consensus top- and bottom-line estimates, and the retailer also once again boosted its full-year guidance for fiscal 2021. Kroger’s operations include retail store brands such as City Market, Food 4 Less, Fred Meyers, Metro Market, and more, along with its private label brands of consumer staples offerings. Shares of KR have shifted meaningful higher since its latest earnings update as of this writing. Earnings Update In fiscal 2020 (period ended January 30, 2021), Kroger put up banner performance due in large part to the “panic” … Read more

Tyson’s Pricing Strength Enables Margin Expansion During Turbulent Time

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Image Shown: Tyson Foods Inc put up stellar results for fiscal 2021. Image Source: Tyson Foods Inc – Fourth Quarter of Fiscal 2021 IR Earnings Presentation By Callum Turcan On November 15, Tyson Foods Inc (TSN) reported fourth quarter earnings for fiscal 2021 (period ended October 2, 2021) that beat both consensus top- and bottom-line estimates largely due to the firm’s impressive pricing strength, the focus of this article. The company is facing major headwinds from the coronavirus (‘COVID-19’) pandemic, from labor shortages to supply chain bottlenecks to rising input costs, though Tyson has adeptly navigated this turbulence while bolstering both its revenues and its margins. For reference, please note that Tyson’s fiscal year ends around late-September or early October. … Read more

ICYMI — Video: Exclusive 2020 — Furthering the Financial Discipline

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ICYMI — Video: Exclusive 2020 — Furthering the Financial Discipline — — In this 40+ minute video jam-packed with must-watch content, Valuentum’s President Brian Nelson talks about the Theory of Universal Valuation and how his work is furthering the financial discipline. Learn the pitfalls of factor investing and modern portfolio theory and how the efficient markets hypothesis holds little substance in the wake of COVID-19. He’ll talk about which companies Valuentum likes and why, and which areas he’s avoiding. This and more in Valuentum’s 2020 Exclusive conference call.   Note: This video was originally published August 2, 2020.    To watch the video >>   The Theory of Universal Valuation —– Valuentum members have access to our 16-page stock reports, … Read more

Dividend Increases/Decreases for the Week April 2

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Below we provide a list of firms that raised their dividends during the week ending April 2. 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 $0.28 per share quarterly dividend, was $0.2775. Camden National (CAC): now $0.36 per share quarterly dividend, was $0.33. China Gold International Resources (JINFF): now $0.12 per share special dividend. China Petroleum & Chemical (SNP): now RMB 0.13 per share final dividend, was RMB 0.07. Dollarama (DLMAF): now CAD 0.0503 per share quarterly dividend, was CAD 0.0470. Eagle Bancorp (EGBN): now $0.25 per … Read more

ICYMI: Valuentum’s Brian Nelson on the Latest Howard Marks’ Memo: “Something of Value”

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Valuentum’s President of Investment Research Brian Michael Nelson, CFA, explains why there are not really value and growth stocks, why most of the research in quantitative finance is spurious and needs to be redefined on a forward-looking basis, and why enterprise valuation (not the efficient markets hypothesis) should be the organizing principle of finance. Nelson explains his views about valuation, what it means to be a value investor, and investing in the context of Oaktree Capital Howard Marks’ latest memo, “Something of Value,” January 11, 2021. Please don’t forget to give the second edition of the book “Value Trap” a 5-star rating on Amazon here. Thank you for your membership! —– Tickerized for holdings in the IWM. Valuentum members have … Read more

Value Is Not Static and the Qualitative Overlay Is Vital to Our Process

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With prudence and care, the Valuentum Buying Index process and its components are carried out. Our analyst team spends most of its time thinking about the intrinsic value of companies within the context of a discounted cash-flow model and evaluating the risk profile of a company’s revenue model. We have checks and balances, too. First, we use a fair value range in our valuation approach as we embrace the very important concept that value is a range and not a point estimate. A relative value overlay as the second pillar helps to add conviction in the discounted cash-flow process, while a technical and momentum overlay seeks to provide confirmation in all of the valuation work. There’s a lot happening behind the scenes even before a VBI rating is published, but it will always be just one factor to consider. Within any process, of course, we value the human, qualitative overlay, which captures a wealth of experience and common sense. We strive to surface our best ideas for members.

Valuentum Website Overview

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Overview of the key features of valuentum.com/ (03:55). Valuentum (val∙u∙n∙tum) [val-yoo-en-tuh-m] Securities Inc. is an independent investment research publisher, offering premium equity reports, dividend reports, and ETF reports, as well as commentary across all sectors/companies, a Best Ideas Newsletter (spanning market caps, asset classes), a Dividend Growth Newsletter, modeling tools/products, and more. Independence and integrity remain our core, and we strive to be a champion of the investor. Valuentum is based in the Chicagoland area. Valuentum is not a money manager, broker, or financial advisor. Valuentum is a publisher of financial information. The Benefits of Premium Membership >> Subscribe Now!