Short Shots is a collection of technically vulnerable charts culled from the Negative Inflecting and Toppy columns within our Weekly Compass report or from various technical screening processes. The charts contained in this report have developed concerning technical patterns that suggest further price deterioration is likely. For these reasons Short Shots can also be a great source of ideas for investors interested in short-selling candidates.
Short Shots is a collection of technically vulnerable charts culled from the Negative Inflecting and Toppy columns within our Weekly Compass report or from various technical screening processes. The charts contained in this report have developed concerning technical patterns that suggest further price deterioration is likely. For these reasons Short Shots can also be a great source of ideas for investors interested in short-selling candidates.
Short Shots is a collection of technically vulnerable charts culled from the Negative Inflecting and Toppy columns within our Weekly Compass report or from various technical screening processes. The charts contained in this report have developed concerning technical patterns that suggest further price deterioration is likely. For these reasons Short Shots can also be a great source of ideas for investors interested in short-selling candidates.
Silvergate Capital (SI) has built a robust banking network for the cryptocurrency industry, driving massive growth and network effects in the process. Uniform Accounting highlights that the market is missing Silvergate's value proposition and profitability and growth potential, indicating equity upside. Silvergate Capital was an early partner to the cryptocurrency industry, building its network as early as 2013. Over the last decade, the business has created massive network effects within the i...
The Middleby Corporation (MIDD) currently trades below corporate but near historical averages relative to Uniform earnings, with a 19.0x Uniform P/E (Fwd. V/E'). At these levels, markets are pricing in expectations for Uniform ROA to compress to 24%, accompanied by 7% Uniform asset growth. However, analysts expect Uniform ROA to expand to 32% by 2023, accompanied by 13% Uniform asset growth. If sustained going forward, these levels would imply a stock price closer to $298, representing signif...
MIDDLEBY (US), a company active in the Durable Household Products industry, now shows a lower overall rating. The independent financial analyst theScreener just confirmed the fundamental rating of 4 stars out of 4, as well as the stock market behaviour of the title as moderately risky. However, environmental deterioration penalises the general evaluation, which is downgraded to Neutral. As of the analysis date January 11, 2022, the closing price was USD 194.81 and its expected value was estimate...
Harmonic (HLIT) has been transitioning its business away from traditional broadcasting end markets towards the streaming and cable broadband markets. Uniform Accounting highlights that the market is missing the economics of Harmonic's new business lines, indicating equity upside. As Harmonic grows its industry-leading vCMTS software to be the best-in-class broadband routing solution, it is poised to exponentially grow its profitability. Uniform ROA is projected to expand from 3% in 2020 to 9% b...
The Middleby Corporation (MIDD) currently trades near historical and corporate averages relative to Uniform earnings, with a 22.7x Uniform P/E (Fwd. V/E'). At these levels, markets are pricing in expectations for Uniform ROA to recover to only slightly below pre-COVID levels of 32%, accompanied by 7% Uniform asset growth. Meanwhile, analysts expect Uniform ROA to expand to 35% by 2022, accompanied by 15% Uniform asset growth. If sustained going forward, these levels would imply a stock price ...
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
GPS currently trades below recent averages relative to Uniform assets, with a 0.8x Uniform P/B (V/A'). At these levels, the market is pricing in expectations for Uniform ROA to slightly compress from 6% in 2020 to 5% through 2025, accompanied by 2% Uniform asset shrinkage going forward. Analysts have similarly bearish expectations, projecting Uniform ROA to fall to 2% levels through 2022, accompanied by 14% Uniform asset shrinkage. That said, management is confident about growth, margins, and e-...
The Middleby Corporation (MIDD:USA) currently trades near recent averages relative to UAFRS-based (Uniform) earnings, with a 20.8x Uniform P/E. At these levels, markets have bearish expectations for the firm, and management may be concerned about continued coronavirus headwinds, international weakness, and overall demand trend changes Specifically, management may lack confidence in the sustainability of order recovery, and expectations for store reopenings in international and emerging markets....
TTD currently trades above corporate averages relative to UAFRS-based (Uniform) earnings, with a 35.7x Uniform P/E. However, even at these levels, the market is pricing in expectations for Uniform ROA to collapse from 31% in 2019 to 6% in 2024, accompanied by 62% Uniform asset growth going forward. Meanwhile, analysts have similar expectations, projecting Uniform ROA to fade to 20% by 2021, accompanied by 28% Uniform asset growth. That said, management is confident about their consistent EBITDA ...
The Middleby Corporation (MIDD:USA) currently trades well below recent averages relative to UAFRS-based (Uniform) earnings, with a 12.6x Uniform P/E. At these levels, markets have bearish expectations for the firm, but management is confident about margins, sales growth, and R&D investments Specifically, management generated an excitement marker when saying that they might get to 3%-5% sales growth from more business coming through. In addition, management is confident that margins of pre-201...
Short Shots is a collection of technically vulnerable charts culled from the Negative Inflecting and Toppy columns within our Weekly Compass report or from various technical screening processes. The charts contained in this report have developed concerning technical patterns that suggest further price deterioration is likely. For these reasons Short Shots can also be a great source of ideas for investors interested in short-selling candidates.
FB currently trades above historical averages relative to UAFRS-based (Uniform) Earnings, with a 26.5x Uniform P/E. Even at these levels, the market is pricing in expectations for Uniform ROA to decline significantly, from 45% in 2018 to 23% in 2023, accompanied by 15% Uniform Asset growth going forward. Analysts have similar expectations, projecting Uniform ROA to fade to 25% by 2020, accompanied by 38% Uniform Asset growth. That said, although management's concerns about privacy controls, gove...
The Middleby Corporation (MIDD:USA) currently trades around historical averages relative to UAFRS-based (Uniform) Earnings, with a 22.8x Uniform P/E. However, even at these levels, markets have bearish expectations for the firm, and management is concerned about customer demand, margin pressures, and growth. Specifically, management may be concerned about the availability of long-term growth opportunities and demand for their column refrigerators. Furthermore, they may be concerned about sustai...
WHY START BUYING NOW Our estimates could prove conservative given an improving spending environment at restaurants with Middleby now seeing orders for new equipment and winning new customers, as well as momentum at Viking, a rebound expected in Food Processing, benefits anticipated from acquired Taylor, and the salesforce restructuring. The shares are still 20% off their March 2017 high despite EPS projected up 14% in 2018 to a record $6.23 and 15% in 2019 to $7.14. The June 2018 purchase o...
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