Latest Stock Buy or Sell? Make More Informed Decisions!
Today, Jim Lebenthal and Joe Terranova commented about whether DIS-N, GOOG-Q, WYNN-Q, DIS-N, GOOG-Q are stocks to buy or sell.
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This is huge news. Search is their cash cow, their primary business. The concern over recent years is that Google is not moving fast enough to fend off competition. Maybe the best outcome is that Alphabet split into businesses. They will have to innovate and evolve to replace that search cash cow, and he thinks they can do it.
Most important is that market sentiment has been depressed for so long, so this report changes that sentiment. Subs on streaming were strong. He likes this report.
He sold it recently. This news is very significant. Google won't disappear--they have a steady business--but the duopoly Google shares with Meta in internet ads is in question. This is a watershed moment. For the first time, Google is competing in core search, particular AI which are growing better and complex, yet easier to use and attracting a younger user. Also, Google faces a problem in travel search declining from less traveling and tariffs. It's been said that travel search accounts for 13% of Google searches.
Earnings missed, though self-driving cars are their single-biggest opportunity. He just added more Uber and Crowdstrike that he's owned for years. CRWD is one of the best performers on the S&P this year; they had a lot of ground to make up for and has returned to past levels, pre-outage. They saw a 23% increase in annual recurring revenue, a key metric. Shares are 26% above their 200-day, so firmly in a long-term uptrend. Another super quarter by CRWD.
The end of Buffett's reign as CEO has been an overhang for many years, but it hasn't mattered because shares have performed so well. This is as good of a transition plan and exit that he has ever seen anywhere, at any company. Buffett painstakingly worked on this transition for years. Shares remain at record highs. He remains a forever shareholder. Buffett is the GOAT and belongs on Mount Rushmore alone. There's nobody like him.
The end of Buffett's reign as CEO has been an overhang for many years, but it hasn't mattered because shares have performed so well. This is as good of a transition plan and exit that he has ever seen anywhere, at any company. Buffett painstakingly worked on this transition for years. Shares remain at record highs. He remains a forever shareholder. Buffett is the GOAT and belongs on Mount Rushmore alone. There's nobody like him.
Cash flow per unit was 26c, matching estimates. Revenue $121.4M, slightly better than estimates. EBITDA of $91.5M, 7% ahead of estimates. Cash flow per unit increased 5.8% year over year. NOI rose 3.1%. Net rental income increased 6.8%. Total assets were stable at $8.1B. Payout ratio dropped four points to 69%. Occupancy dipped marginally to 94.5%. We would consider the results fairly solid in light of industry conditions. The stock remains very cheap at 9X cash flow.
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Cash flow per unit of 49c beat estimates of 45c; leasing spreads improved and same property net operating income rose. But it did take a $209M writedown on Hudson Bay and trimmed its guidance because of it (by 4c per unit). This hit offset benefits from its residential sector. The stock is down less than 1% which we would not consider abnormal.
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We would not expect much here; the stock has not traded in Canada in more than a year, and in the US it trades at a tiny fraction of a penny. It has posted a couple of announcements on its website this year, but has not filed financials in a long time. Some directors resigned in October and this is usually a sign that things are done. If one can take the loss we would.
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Theme parks are hanging in despite a tough consumer and DIS doesn't expect weakness in consumers. Streaming is replacing cable. Likes the Abu Dhabi news.