Note: The following report reflects my personal opinion only. I’ve spent months developing this thesis, but the included valuation targets are purely driven by my opinion of this firm. All investors should always conduct their own full due diligence before making any allocation decisions. Nothing in this report reflects an investment recommendation on behalf of J Mintzmyer nor Mintzmyer Investments LLC. Members of Value Investor’s Edge received a first look at this report.
The following report reflects my bullish thesis for Teekay Corporation (NYSE:TK), which is my top idea for 2017. I have been developing this thesis and increasing exposure during the past few months as TK’s prospects continue to improve at a steady pace while the share price has languished. The precise timing of this report was spurred by Seeking Alpha’s “Catalyst-Driven” contest.
Our bullish thesis on TK:
TK’s future valuation is nearly 80% dependent on cash flows and ownership stakes in its two partnership ‘daughter’ firms: Teekay LNG Partners (NYSE:TGP) and Teekay Offshore Partners (NYSE:TOO). When TK traded based on this method of valuation, between 2010 and 2015, the shares traded between $21 and $67. Over the past 11 months, spurred by a dividend cut, TK has been erroneously revalued by virtually all mainstream analysts based on its own limited operating assets. TK stock has recently traded in tight correlation to oil prices, while the vast majority of Teekay Group’s $20B fee-based backlog is not directly related to the current oil pricing.
Best Dividend Stocks To Buy For 2019: Rovi Corporation(ROVI)
- [By Emily Stewart]
Rovi (ROVI) is a new second-quarter acquisition for Soros, who as of the end of the period owns 4.1 million shares worth $63.6 million.
Rovi is engaged in the discovery, delivery, display and monetization of digital entertainment by providing a broad set of integrated solutions. It has a $1.8 billion market cap.
Best Dividend Stocks To Buy For 2019: Plantronics Inc.(PLT)
- [By Lisa Levin]
Shares of Plantronics Inc (NYSE: PLT) were down 25 percent to $33.36. Plantronics reported better-than-expected third-quarter earnings, but the company’s revenue missed analysts’ expectations. The company announced a new 1 million share buyback plan and issued a weak earnings forecast for the fourth quarter.
Best Dividend Stocks To Buy For 2019: BAE Systems PLC (BAESY)
- [By SEEKINGALPHA.COM]
Rheinmetall is currently trading at 15.7x forward earnings and 2.5x book value, a valuation that is closer to its automotive suppliers peers. Compared to its defense peers, its valuation is clearly cheap, as shown in the next table. This shows that Rheinmetall is usually benchmarked against its auto peers, even though 53% of its sales and 41% of operating income have come from its defense unit in the past year.
P/E P/BV Rheinmetall 15.7 2.5 Continental AG 12.4 2.9 Valeo 13.1 3.6 Brembo (OTC:BRBOF) 17.0 5.2 Leoni (OTC:LNNNY) 13.2 1.9 Auto Peers Average 14.3 3.2 Airbus 24.0 6.8 Leonardo 16.8 2.0 BAE Systems (OTCPK:BAESY) 18.5 5.7 Thales (OTCPK:THLEY) 22.4 4.3 Defense Sector Average 19.2 4.4
- [By WWW.THESTREET.COM]
BAE Systems (BAESY) and other defense stocks gained on Friday morning after President Donald Trump’s strike on Syria prompted investors to consider the possibility of greater Western involvement in the Syrian conflict.