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Hunter Harris was with CN, and then went to CP. There is no question that from an operational standpoint, things improved, but he would argue from a pretty severe trough when all the rails were pretty distressed. He is a result oriented individual, but takes a short-term view using quarterly results. Prefers a longer-term individual.
Hunter Harris was with CN, and then went to CP. There is no question that from an operational standpoint, things improved, but he would argue from a pretty severe trough when all the rails were pretty distressed. He is a result oriented individual, but takes a short-term view using quarterly results. Prefers a longer-term individual.
He would not be a buyer of this. People love the product, but you have to be extremely careful not to link the quality of the product with the quality of the stock. The price tag is just too high. You are paying $650,000 of market cap for every car produced. Putting that in context, with GM you are paying $4000.
He would not be a buyer of this. People love the product, but you have to be extremely careful not to link the quality of the product with the quality of the stock. The price tag is just too high. You are paying $650,000 of market cap for every car produced. Putting that in context, with GM you are paying $4000.
This has been a wonderful performer on a stock basis. One thing that has always been a bit of a pause for him is its valuation. It has high expectations of future earnings, cash flow and revenue growth, and has satisfied those expectations, but at the very minute it doesn’t, there is a freefall waiting to happen before it moves back into a normalized valuation. Because of this, he has not participated.
This has been a wonderful performer on a stock basis. One thing that has always been a bit of a pause for him is its valuation. It has high expectations of future earnings, cash flow and revenue growth, and has satisfied those expectations, but at the very minute it doesn’t, there is a freefall waiting to happen before it moves back into a normalized valuation. Because of this, he has not participated.
From a PE valuation standpoint, refiners tend to work together. You see spreads widen or narrow off the raw product of oil, into the different commercial products. This company has been a good performer over the years. Not having great visibility into the cycle and to the spreads, he would probably pass on making this a core holding.
From a PE valuation standpoint, refiners tend to work together. You see spreads widen or narrow off the raw product of oil, into the different commercial products. This company has been a good performer over the years. Not having great visibility into the cycle and to the spreads, he would probably pass on making this a core holding.
Probably the most levered bank to interest rate moves, so if you expect interest rate moves and want to participate, management has been quoted as saying that for every 1% move in interest rates upwards, it accrues $5.3 billion to the bottom line. This works out to about $.50 a share, and even at a modest multiple of 10 or 12 times, you are looking at $5-$6 for every 1%. A good place to be.
Probably the most levered bank to interest rate moves, so if you expect interest rate moves and want to participate, management has been quoted as saying that for every 1% move in interest rates upwards, it accrues $5.3 billion to the bottom line. This works out to about $.50 a share, and even at a modest multiple of 10 or 12 times, you are looking at $5-$6 for every 1%. A good place to be.
A company that works beautifully into the infrastructure improvement and the rental market. If you are patient, you should see the stock move higher. Trades at a very modest multiple because it is deeply cyclical.
A company that works beautifully into the infrastructure improvement and the rental market. If you are patient, you should see the stock move higher. Trades at a very modest multiple because it is deeply cyclical.
A very good company, and active in both the analog and digital side. It is struggling a little bit on margins on the analog side, and doing well on the digital side. What gives him pause is the multiple. It has done wonderfully, but is trading at about 22 or 23 times earnings, which is way out of his league. He doesn’t want to pay that on what is going to be a cyclical story.
A very good company, and active in both the analog and digital side. It is struggling a little bit on margins on the analog side, and doing well on the digital side. What gives him pause is the multiple. It has done wonderfully, but is trading at about 22 or 23 times earnings, which is way out of his league. He doesn’t want to pay that on what is going to be a cyclical story.
