CSX

CSX Reports Mixed Third Quarter Results; Coal Remains Drag

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The biggest eastern railroad in the US, CSX (click ticker for report: ) reported mixed third-quarter results Tuesday, with earnings coming in slightly better than expected but revenue falling below consensus. We don’t expect to make a change to our fair value estimate. CSX’s revenue declined 2% as lower volume, reduced fuel recovery and an unfavorable mix hindered expansion. The company’s operating ratio held steady at 70.5% on productivity/resource efficiency, but operating income still declined 3%, to $854 million. Third-quarter net earnings fell 2%, to $455 million, though earnings per share increased modestly due to share buybacks. The firm noted changing global coal market conditions, as the primary reason for disappointing consolidated same store sales pricing gains. Specifically, higher thermal … Read more

How to Think About Corporate Tax Reform

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Stock Market Outlook for 2021

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By Valuentum Analysts February 8, 2021 2020 was one for the history books. We covered our thoughts and reflections on the past year in our “2020 Won’t Soon Be Forgotten” article (link here), and now we are looking towards the future. Global health authorities should be able to bring an end to the ongoing coronavirus (‘COVID-19’) pandemic sooner than many had expected as several vaccines have already been improved for emergency use and several others appear increasingly likely to get approved. Global vaccine distribution activities are currently underway, and this should allow the world to slowly return to pre-pandemic activities. Before then, immense stimulus measures launched primarily in developed nations should support global economic activities until the public health crisis … Read more

Dividend Increases/Decreases for the Week Ending February 16

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Below we provide a list of firms that raised their dividends during the week ending February 16. 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 AbbVie (ABBV): now $0.96 per share quarterly dividend, was $0.71. AllianceBernstein (AB): now $0.84 per share quarterly dividend, was $0.51. Applied Industrial Technologies (AIT): now $0.30 per share quarterly dividend, was $0.29. Apollo Global Management (APO): now $0.66 per share quarterly dividend, was $0.39. Arch Coal (ARCH): now $0.40 per share quarterly dividend, was $0.35. Auburn National (AUBN): now $0.24 per share quarterly dividend, was $0.23. … Read more

Dividend Increases/Decreases for the Week Ending February 8

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Below we provide a list of firms that raised their dividends during the week ending February 8. 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 3M (MMM): now $1.44 per share quarterly dividend, was $1.36. Affiliated Managers (AMG): now $0.32 per share quarterly dividend, was $0.30. Allegion (ALLE): now $0.27 per share quarterly dividend, was $0.21. Alliance Data Systems (ADS): now $0.63 per share quarterly dividend, was $0.57. Allstate (ALL): now $0.50 per share quarterly dividend, was $0.46. Amdocs (DOX): now $0.285 per share quarterly dividend, was $0.25. Archer Daniels Midland … Read more

Dividend Increases/Decreases for the Week February 12

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Below we provide a list of firms that raised their dividends during the week ending February 12. 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 AllianceBernstein (AB): now $0.97 per share quarterly dividend, was $0.69. Allison Transmission Holdings (ALSN): now $0.19 per share quarterly dividend, was $0.17. Alpine Income Property Trust (PINE): now $0.24 per share quarterly dividend, was $0.22. Ameren (AEE): now $0.55 per share quarterly dividend, was $0.52. American Assets Trust (AAT): now $0.28 per share quarterly dividend, was $0.25. Amtek (AME): now $0.20 per share quarterly dividend, was … Read more

Valuentum: Now Bearish, We’ve Been Here Every Step of the Way

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Valuentum Has Been Here Every Step of the Way   From the COVID-19 top in February 2020 to the COVID-19 bottom to the massive bull run through the end of 2021, we’ve been here for you.    2022 started out to be a rough year, catching many by surprise.   But Valuentum stayed positive. When the markets headed south in June, Valuentum stood its ground. On June 14, Valuentum said that “we still believe stocks could make a “huge rebound” in the near term.   We reiterated our views a few days later and on June 19, we said that “investors shouldn’t panic during this bear market” and that “stocks remain an attractive proposition at the moment and a very attractive consideration … Read more

Our Thoughts on Berkshire Hathaway’s Latest Annual Report

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Image Shown: Shares of Berkshire Hathaway Inc Class B stock have been on an upward climb since June 2020 with room for additional capital appreciation upside. The top end of our fair value estimate range for BRK.B sits at $275 per share. By Callum Turcan We include Berkshire Hathaway Inc (BRK.A) (BRK.B) Class B shares in the Best Ideas Newsletter portfolio and continue to be enormous fans of Warren Buffett. Berkshire Hathaway reported fourth quarter 2020 earnings on February 27 which saw the firm’s ‘operating earnings’ (a non-GAAP metric that better reflects Berkshire’s underlying financial performance) surge higher by 14% year-over-year aided by strength at its ‘railroad, utilities and energy’ and ‘other businesses’ operating segments. However, Berkshire’s operating earnings for … Read more

Dividend Increases/Decreases for the Week of February 16

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Below we provide a list of firms that raised their dividends during the week ending February 16. 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                          Advanced Info Service Public Ltd. ADR (AVIFY): now $0.102 per share semi-annual dividend, was $0.090. Ardmore Shipping (ASC): now $0.21 per share quarterly dividend, was $0.16. British American Tobacco (BTI): now $0.7431 per share quarterly dividend, was $0.7006. Brookfield Reinsurance (BNRE): Now $0.08 per share quarterly dividend, was $0.07. Brunswick (BC): now $0.42 per share quarterly dividend, was $0.40. Cisco (CSCO): now $0.40 per … Read more