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(A Top Pick Nov 3/17, Up 54%) They have all done really well. This one is the 4th largest lumber player. The valuations now are not as cheap as when he bought them but the price momentum is still there. There is always a chance that someone takes them out. They have 60% production in the US so all tariffs would do is drive the price higher.
(A Top Pick Nov 3/17, Up 54%) They have all done really well. This one is the 4th largest lumber player. The valuations now are not as cheap as when he bought them but the price momentum is still there. There is always a chance that someone takes them out. They have 60% production in the US so all tariffs would do is drive the price higher.
He has a small short position. It is not a high conviction short, but does not have a strong price momentum.
He has a small short position. It is not a high conviction short, but does not have a strong price momentum.
The acquisition is a big one and because of the size there is some fear they can’t get it done. There is more risk to this deal than normal. It is in no man’s land otherwise. It has not got strong price momentum, but has a good balance sheet.
The acquisition is a big one and because of the size there is some fear they can’t get it done. There is more risk to this deal than normal. It is in no man’s land otherwise. It has not got strong price momentum, but has a good balance sheet.
He likes it. It is a long in three of his funds. It has good valuation. There is one particularly large seller and that has held back the price. He would like to see it stronger, but all of its peers are picking up good momentum. 16 times PE and a really solid balance sheet. It should get a pop when the last of the selling clears up.
He likes it. It is a long in three of his funds. It has good valuation. There is one particularly large seller and that has held back the price. He would like to see it stronger, but all of its peers are picking up good momentum. 16 times PE and a really solid balance sheet. It should get a pop when the last of the selling clears up.
He is not convinced that online streaming is why it is down. It is more likely that there is fear of a dividend cut coming. Hold off until after any cut happens. Their cinema business is under pressure. It was always viewed as a steady dividend payer but it is over 100% payout ratio now. They have a slowing growth business and will have to cut the dividend. If you saw a dividend cut that would probably be the day to buy it.
He is not convinced that online streaming is why it is down. It is more likely that there is fear of a dividend cut coming. Hold off until after any cut happens. Their cinema business is under pressure. It was always viewed as a steady dividend payer but it is over 100% payout ratio now. They have a slowing growth business and will have to cut the dividend. If you saw a dividend cut that would probably be the day to buy it.
It has one of the best price momentums in the S&P but the valuation is out of this world. It has a lot of takeout multiple built into it. But it is one of the FANG stocks. This is part of the Euphoric trade that he worries about.
It has one of the best price momentums in the S&P but the valuation is out of this world. It has a lot of takeout multiple built into it. But it is one of the FANG stocks. This is part of the Euphoric trade that he worries about.
He does not buy or short gold stocks. From a momentum perspective, it fails poorly. With a trend down it will tend to get more selling until it reaches a floor, which it has not. There is not much cash flow and a small yield. It is a volatile stock.
He does not buy or short gold stocks. From a momentum perspective, it fails poorly. With a trend down it will tend to get more selling until it reaches a floor, which it has not. There is not much cash flow and a small yield. It is a volatile stock.
