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He sold about 9 months ago on valuation but it has continued to do well. There is a lot of risk inherent in owning this company because of the premium it is trading at. At some time the multiples will start to compress. The cycle will 'trump' tariffs concerns.
He sold about 9 months ago on valuation but it has continued to do well. There is a lot of risk inherent in owning this company because of the premium it is trading at. At some time the multiples will start to compress. The cycle will 'trump' tariffs concerns.
Visa is an incredibly stable cash machine. They take on no credit risk. They are a transaction company. 1.9 Trillion transactions last year and they are still growing in the high teens in earnings. More and more we are carrying plastic. Visa in Europe is still growing a lot.
Visa is an incredibly stable cash machine. They take on no credit risk. They are a transaction company. 1.9 Trillion transactions last year and they are still growing in the high teens in earnings. More and more we are carrying plastic. Visa in Europe is still growing a lot.
He decided his firm's best bet was to position themselves in the area that had the most damage in '08/'09 so their multiples were a lot less than the senior players. Over time he felt there would be a journey of forgiveness – they would earn it from the markets. This is exactly what has happened. It is still trading below book value.
He decided his firm's best bet was to position themselves in the area that had the most damage in '08/'09 so their multiples were a lot less than the senior players. Over time he felt there would be a journey of forgiveness – they would earn it from the markets. This is exactly what has happened. It is still trading below book value.
The CEO has a pretty big hammer in terms of the voting shares. He generally likes chairman of the board and chief operating officer to be separate. He generally votes against a combined role. TSLA-Q is a fabulous technology but you have to ask how much of the future expectation for this company is already priced into this stock.
The CEO has a pretty big hammer in terms of the voting shares. He generally likes chairman of the board and chief operating officer to be separate. He generally votes against a combined role. TSLA-Q is a fabulous technology but you have to ask how much of the future expectation for this company is already priced into this stock.
(A Top Pick Jun. 21'17, Down 14%) It is an interesting space. They are seeing a changing dynamic in healthcare. They are acquiring another company. Their vision is to control the patient experience. They want to provide more health care than just filling a prescription. Most healthcare service is the monitoring of chronic conditions. They should bring healthcare costs down. This is an area where the market has not rewarded them.
(A Top Pick Jun. 21'17, Down 14%) It is an interesting space. They are seeing a changing dynamic in healthcare. They are acquiring another company. Their vision is to control the patient experience. They want to provide more health care than just filling a prescription. Most healthcare service is the monitoring of chronic conditions. They should bring healthcare costs down. This is an area where the market has not rewarded them.
(A Top Pick Jun. 21'17, Down 7%) It is going to benefit from the growing need for housing and renovation around the world. We are still not satisfying population growth in the US. 8-9 times earnings. There is lots of opportunity as the housing market develops. The housing cycle is not coming to an end.
(A Top Pick Jun. 21'17, Down 7%) It is going to benefit from the growing need for housing and renovation around the world. We are still not satisfying population growth in the US. 8-9 times earnings. There is lots of opportunity as the housing market develops. The housing cycle is not coming to an end.
(A Top Pick Jun. 21'17, Up 23%) They are a highly acquisitive regional bank. Regulation is being lifted off these companies by the Trump administration. They used to have a huge regulatory burdon. It is at about 15 times earnings. He thinks there is opportunity for consolidation in this area.
(A Top Pick Jun. 21'17, Up 23%) They are a highly acquisitive regional bank. Regulation is being lifted off these companies by the Trump administration. They used to have a huge regulatory burdon. It is at about 15 times earnings. He thinks there is opportunity for consolidation in this area.
