I had expected IAMGOLD (NYSE:IAG) to post an impressive turnaround in the second half of the year on the back of an improvement in gold prices and the company’s efforts of lowering its cost base. This is exactly what happened when the company released its third-quarter results a couple of weeks ago.
Pulling the right strings
In fact, IAMGOLD blew past Wall Street estimates for....More>>>
Resolute Forest Products (NYSE:RFP) is primarily involved in Newsprints, Specialty Papers, Wood Products and Market Pulp. As the downturn in global commodities intensified, RFP was not spared as all four of the company’s business segments got hit. Management has concentrated on lowering the cost of every segment but these actions were not enough to compensate for the deterioration of prices....More>>>
The IRS has confirmed that tax audits are way down, caused by budget cuts and fewer IRS personnel. In fact, the number of audits dropped 16% just from the previous year, and that was the sixth year in a row for fewer audits. The chances of audit have always been low, but they have gotten even lower, considerably less than 1%. That makes for a lot of happy taxpayers. No one wants to be....More>>>
We have been waiting for an attractive entry point to buy Fabrinet (NYSE:FN) for a couple of months now as the stock has continued its impressive climb upwards. And, after the stock’s recent sell-off over the past few weeks, we believe that now is a great time to buy.
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Brief Company Overview
Fabrinet is a high-tech contract manufacturer for some of the....More>>>
Credit Suisse analystsMark Lear and team explain why they upgradedWhiting Petroleum (WLL) to Outperform from Neutral:
We upgradeWhiting Petroleum to Outperform and raise our target price to $14 per share (from $13/sh) given Whiting Petroleums significant beta to a higher mark to market 2Q16 WTI price. Our target price is further aided by a recent debt exchange....More>>>
The word “growth” is the central word in the phrase Dividend Growth Investing, yet DGI often gets a bad rap as a stodgy method of saving for retirement. I think this misperception arises from the fact that some proponents of the strategy (who may be more focused on income than returns) require a certain minimum yield threshold for their investments. This, in turn, screens many of the....More>>>
Investing is a relativistic endeavor because all investors have limited capital, and therefore must make choices between one option and another. It is with that in mind that I decided to take a look at the relative merits of our two Canadian railroads. In short, I would recommend purchasing Canadian National Railway (NYSE:CNI) and avoiding or shorting Canadian Pacific Railway (NYSE:CP). I outline....More>>>
Hanger, Inc. (OTCPK:HNGR), (“HNGR”, “Hanger”, or the “Company), the largest Orthotic and Prosthetic (O&P) service provider in the United States, is mispriced due to the 2014 discovery of accounting irregularities and subsequent Q1 2016 delisting from the NYSE. Importantly, the delisting was due to the company’s failure....More>>>
Today, our Under the Radar Moversnewsletter suggested small cap restaurant stock Potbelly Corp (NASDAQ: PBPB) as a long/bullish trade for our long term portfolio:
Normally we’d hate restaurant stocks for the same reason we’d hate being in the restaurant business. That is, it’s a labor-intensive, capital-intensive business with minimal margins and low odds of sustainable....More>>>
Note: This initiation note contains information regarding an enterprise currently listed “over the counter”, which brings with it inherent risks of illiquidity, highly-inefficient pricing, volatility, potentially lower reporting requirements, as well as reduced shareholder rights. This note will also cover an enterprise with operations in a foreign country – Argentina – which....More>>>
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Transocean (RIG) beat earnings forecasts and probably has enough cash but Jefferies analyst Eduardo Royes and team still consider its stock to be a bigger risk when compared to its peers (I’m guessing they mean Diamond Offshore Drilling (DO), Noble (NE) and Ensco (ESV), among others). They explain why:
A pile of rusty pipes and materials are all that remain of Lanzhou New Area’s tram project. Only a year ago it was a flagship public-private partnership for the planned city in Central China, before it fell victim to President Xi Jinping’s debt clampdown.
Major offshore drilling stocks have had a great start to this year. Rowan (RDC), Diamond Offshore (DO), Transocean (RIG), Ensco (ESV), and Noble Corp. (NE) have all increased in price. The main driver for this price increase was the upside in oil prices. Brent oil (BNO) is now close to the psych