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Jenny Harrington, CEO, Gilman Hill Asset Management
CEO at Gilman Hill Asset Management
Member since: Sep '21 · 121 Opinions
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Stock Opinions by Jenny Harrington, CEO, Gilman Hill Asset Management
$386.480
No
Their cost cuts by $3 billion will drive earnings will 30%. By 2025, this will be a $140 stock, 20x PE, she projects. DIS is worth waiting for.
She bought this in 2020 at $16. The content alone makes this worth $15.
They had a great quarter and is now trading at an historic low of 12x. A high proportion of their sales comes from travel/leisure which is strong.
It reports next week. Trades at 13x vs. peers like Autozone at 20x. This will be fine.
It's trading as if iron ore were at $60, so the stock is overly discounted. Pays a huge 7.2% dividend, which pays you a lot alone. Upside is ahead.
Shares are down, because people misunderstand this during the debt ceiling debate. Pays an 8% yield and enjoys high barriers to entry. It's an opportunity now.
Feels okay about the market. The market endured a scary event (the regional bank crisis), and expects a 25-point hike this week, and earnings were better than expected. But: What's the right market multiple? 18x means only 4,350 on the S&P.
She owns it only for the dividend, and doesn't need the stock to grow
Her time horizon is long, as much as 10 years.. Copper prices may be weak now, but EVs will continue to drive demand. Also, after 2023, there are almost no copper mines coming online. She's happy to hold this for 5 years.
Memory chips are bottoming now and management just stood behind its 4.8% dividend yield.
The problem with MSFT is that it trades at 27x 2024 earnings. Therefore, they need earnings growth in Azure and every business to support such a big multiple. She was wrong; she missed it.
How can they sustain their huge market share? AI's riskiness threatens to corrode their market share.
She trimmed twice recently. A lot of the upside has already been priced in, since last October's bottom. That said, she thinks they've learned their lesson about spending so much on the metaverse, and they are actively cutting costs instead.
What will be the impact? Legal bills will go up, but may not have a serious impact on earnings. Disney has no choice but to sue the Florida governor.
It's very frustrating, because we're backtracking to the bad days with the huge divergence between tech and everything else. She's scared by crowded trades. If you're comfortable owning Nvidia at 50x PE, then you're also comfortable with Zoom, Tesla, Teladoc, etc. She is not this kind of portfolio manager. She watches valuations and looks long term.