Every stance on record, with the clip behind each. Filter by ticker or stance.
“Western Union's market may be under-pricing the buyback funded by debt model, with a concerning last 12 months inflection and underdeveloped CapEx.”
“Micron is a high-quality cyclical at a cyclically depressed PE, but the 80% discount to fair value is a mirage driven by peak earnings.”
“Microsoft is a triple-A rated juggernaut with a wide moat and 48% operating margins, overvalued at historical levels but potentially undervalued at future levels.”
“Johnson & Johnson is a wide moat compounder now overvalued, trading at a growth company multiple.”
“Global Payments trades at distressed multiples with real operating cash flow and genuine competitive advantages, but the financial profile is an acquisition-heavy roll-up with poor returns.”
“Eversource is a classic regulated utility with a durable multiple and a 4.2% growing dividend, but the dividend is funded by debt issuance, a red flag.”
“Cisco is a quality business with 63% gross margins and predictable clean accruals, but currently overvalued at a stretched valuation.”
“BDX is a cheap, predictable, cash-draining medical device franchise with a heavy debt load, but a 45-year dividend growth record.”
“Adobe is a tremendously profitable software franchise trading at a valuation that implies the market has written off its growth, but bears cite decelerating growth and AI threat.”
“Accenture is historically cheap with a real intangible moat as the world's largest IT consulting firm, fortress balance sheet, and long consistent management track record.”
