Value Investing Library Archives
WHERE FEW DARE TO TREAD: ENERGY SERVICE COMPANIES
Note: The September edition of The Turnaround Letter begins below the following letter.
September 8, 2020
Dear Turnaround Letter subscriber:
With its’ 35-year history under founder George Putnam, The Turnaround Letter is one of the longest-running investment newsletters in the industry. in-depth...
The recent (and ongoing?) tech momentum reversal appears to be due to a variety of concerns ranging from doubt about valuations, worries about the pace of the economy’s recovery, the lack of another stimulus package and slowing growth in the Federal Reserve’s asset purchases.
Please note that the September edition of The Turnaround Letter will be published next Tuesday, September 8th, the day after Labor Day. The delay is due to the staff vacation schedules.
Three companies reported earnings this week - Duluth Holdings, Macy's and Signet Jewelers. stocks...
Don’t Fight the Fed?
The U.S. Federal Reserve Bank, called by its colloquial name “the Fed” even on its website, made its informal but landmark policy change official last week. For the foreseeable future, the Fed will keep interest rates near zero, focusing almost on...
Only three companies reported earnings - MDP, OCSL, and TOSYY. The stocks retain their Buy ratings and price targets.
Meredith Corporation (MDP) - Meredith has struggled with a sharp decline in advertising since the pandemic started. At some point, most of this should come Consumer...
We are mostly through the bulk of earnings season and it has been enlightening, particularly as we learn about the pandemic’s effects on profits. Earnings season should be a period when company results can be clearly measured, especially since we are dealing with numbers.
Earnings reports from 12 companies. Most encouraging were reports from BWA, CNDT, GCP, JELD, MOS and VIAC. All stocks retain their Buy ratings and price targets, although we reduced ADNT's price target to 28.
Adient (ADNT) - The automobile seat maker's previously impressive turnaround hit...