Think General Electric Company (NYSE:GE) has bottomed? Keep dreaming. GE stock has given us so many false bottoms that I’ve lost count at this point. But it makes you wonder whether it’s worth nibbling this struggling conglomerate.
I want to be clear up front: I believe in current CEO John Flannery. Flannery is the one that made GE’s healthcare unit one of the few bright....More>>>
Masonite: the DOOR company with a high BARRIER (sorry, couldnt help myself) TO ENTRY
Recommendation: buy with $100 PT (current price: $79, market capitalization: $2b)
Derivation: $408 EBITDA * 9x EV multiple = $3,675m enterprise value; market cap = ~$3,300m; $100/share price target.
Company description: Masonite (NYSE:DOOR) is one of two players in a relatively recent....More>>>
U.S. equities moved lower in relatively quiet trading on Wednesday as bank and energy stocks weakened. Bank stocks were hit by worries over trading revenues and the net interest margin pressure for a flattening yield curve. Energy names were pushed lower as crude oil weakened on reports of weakening compliance by OPEC nations in their recently extended output freeze agreement.
President Trump came out and stated he is considering breaking up the big banks Monday. At first, the entire sector sold off, yet rebounded quickly. At this time, Bank of America (NYSE: BAC) shares are trading up over 1%.
This did not surprise me as the “sum of the parts is greater than whole” theory regarding....More>>>
JPMorgan Chase & Co. (NYSE:JPM) CEO Jamie Dimon is known for being very direct, and what he had to say from the World Economic Forum in Davos, Switzerland, didn’t disappoint. His message on CNBC’s Squawk on the Street Wednesday came down to five simple words that should be music to the ears of every investor on the planet…
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Up through September 7th, Wells Fargo (NYSE:WFC) has already had a pretty bad year. Shares had underperformed both other Mega-Banks such as: JPMorgan Chase (NYSE:JPM), Bank of America (NYSE:BAC); as well as the market in general.
WFC Total Return Price data by YCharts
Then on September 8th news broke that the bank had settled with the Consumer Financial....More>>>