The next earnings season starts very soon, with Mattel (MAT) set to report on Tuesday, April 23.
Friday, April 5, 2024 Subscribers-Only Podcast:
Covering recent news and analysis for our portfolio companies and other topics relevant to value/contrarian investors.
Today’s podcast is about 20 minutes and covers:
- Initial note
- Introduction – who exactly is this Matt Warder person and what should we expect going forward?
- Comments on recommended companies
- Kopin (KOPN) announced a partnership with BlueHalo to develop advanced simulated binoculars and monoscope products for use in their Advanced Stinger Training system.
- Mattel (MAT) announced they will release earnings on Tuesday, April 23.
- Xerox (XRX) continues to transform its operating model, shifting operations in Peru and Ecuador to their longstanding partner in Central and South America, Productive Business Solutions (PBS).
- Viatris (VTRS) won the right to challenge J&J’s schizophrenia drug patents in a U.S. appellate court on Monday, but its deal with Theramex to offload hormone replacement products Duphaston and Femoston is encountering some resistance in the U.K.
- Polaris (PII) rolled out its new lineup of Indian Scout Motorcycles on Tuesday.
- Barnes Group (B) announced it completed the previously announced sale of its Associated Spring and Hanggi businesses to One Equity Partners.
- General Electric (GE) finally completed its three-way split into GE Aerospace (GE), GE Vernova (GEV) and GE Healthcare (GEHC).
- Elanco Animal Health (ELAN) appointed two new members to its board after reaching an agreement with activist investor Ancora.
Please know that while I don’t yet personally own shares of all Cabot Turnaround Letter recommended stocks – including the stocks mentioned in this note – that will materially change over time.
Please feel free to share your ideas and suggestions for the podcast and the letter with an email to either me at mwarder@cabotwealth.com or to our friendly customer support team at support@cabotwealth.com. Due to the time and space limits we may not be able to cover every topic, but we will work to cover as much as possible or respond by email.
Portfolio
| Market Cap | Recommendation | Symbol | Rec. Issue | Price at Rec. | Current Price * | Current Yield | Rating and Price Target |
| Small cap | Gannett Company | GCI | Aug 2017 | 9.22 | 2.34 | - | Buy (9) |
| Small cap | Duluth Holdings | DLTH | Feb 2020 | 8.68 | 4.87 | - | Buy (20) |
| Small cap | Dril-Quip | DRQ | May 2021 | 28.28 | 23.75 | - | Buy (44) |
| Small cap | L.B. Foster | FSTR | Jul 2023 | 13.60 | 26.65 | - | SELL |
| Small cap | Kopin Corp | KOPN | Aug 2023 | 2.03 | 1.60 | - | Buy (5) |
| Small cap | Ammo, Inc. | POWW | Oct 2023 | 1.99 | 2.69 | - | Buy (3.50) |
| Mid cap | Mattel | MAT | May 2015 | 28.43 | 19.36 | - | Buy (38) |
| Mid cap | Adient plc | ADNT | Oct 2018 | 39.77 | 31.11 | - | Buy (55) |
| Mid cap | Xerox Holdings | XRX | Dec 2020 | 21.91 | 17.27 | 5.8% | Buy (33) |
| Mid cap | Viatris | VTRS | Feb 2021 | 17.43 | 11.67 | 4.1% | Buy (26) |
| Mid cap | TreeHouse Foods | THS | Oct 2021 | 39.43 | 37.00 | - | Buy (60) |
| Mid cap | The Western Union Co. | WU | Dec 2021 | 16.40 | 13.48 | 7.0% | Buy (25) |
| Mid cap | Brookfield Re | BNRE | Jan 2022 | 61.32 | 40.05 | 0.8% | Buy (93) |
| Mid cap | Polaris | PII | Feb 2022 | 105.78 | 96.02 | 2.8% | Buy (160) |
| Mid cap | Goodyear Tire & Rubber | GT | Mar 2022 | 16.01 | 13.01 | - | Buy (24.50) |
| Mid cap | Janus Henderson Group | JHG | Jun 2022 | 27.17 | 32.04 | 4.8% | Buy (67) |
| Mid cap | Six Flags Entertainment | SIX | Dec 2022 | 22.60 | 25.21 | - | Buy (35) |
| Mid cap | Kohl’s Corporation | KSS | Mar 2023 | 32.43 | 25.50 | 7.8% | Buy (50) |
| Mid cap | Frontier Group Holdings | ULCC | Apr 2023 | 9.49 | 7.15 | - | Buy (15) |
| Mid cap | Advance Auto Parts | AAP | Sep 2023 | 64.08 | 79.55 | 1.3% | Buy (98) |
| Mid cap | Mohawk Industries | MHK | Jan 2024 | 103.11 | 122.13 | - | Buy (165) |
| Mid cap | VF Corporation | VFC | Mar 2024 | 16.24 | 13.76 | 2.6% | Buy (25) |
| Mid cap | Barnes Group | B | Apr 2024 | 36.55 | 35.20 | 1.8% | Buy (55) |
| Large cap | General Electric | GE | Jul 2007 | 304.96 | 152.47 | 0.2% | Buy (160) |
| Large cap | Nokia Corporation | NOK | Mar 2015 | 8.02 | 3.50 | 3.8% | Buy (12) |
| Large cap | Macy’s | M | Jul 2016 | 33.61 | 18.33 | 3.6% | Buy (25) |
| Large cap | Newell Brands | NWL | Jun 2018 | 24.78 | 7.30 | 3.6% | Buy (39) |
| Large cap | Vodafone Group plc | VOD | Dec 2018 | 21.24 | 8.61 | 11.1% | Buy (32) |
| Large cap | Berkshire Hathaway | BRK.B | Apr 2020 | 183.18 | 416.64 | - | HOLD |
| Large cap | Wells Fargo & Company | WFC | Jun 2020 | 27.22 | 56.63 | 2.4% | Buy (64) |
| Large cap | Western Digital Corporation | WDC | Oct 2020 | 38.47 | 71.11 | - | Buy (78) |
| Large cap | Elanco Animal Health | ELAN | Apr 2021 | 27.85 | 15.56 | - | Buy (44) |
| Large cap | Walgreens Boots Alliance | WBA | Aug 2021 | 46.53 | 18.81 | 5.3% | Buy (70) |
| Large cap | Volkswagen AG | VWAGY | Aug 2022 | 19.76 | 16.07 | 6.1% | Buy (70) |
| Large cap | Warner Bros Discovery | WBD | Sep 2022 | 13.13 | 8.21 | - | Buy (20) |
| Large cap | Capital One Financial | COF | Nov 2022 | 96.25 | 142.04 | 1.7% | Buy (150) |
| Large cap | Bayer AG | BAYRY | Feb 2023 | 15.41 | 7.41 | 0.4% | Buy (24) |
| Large cap | Tyson Foods | TSN | Jun 2023 | 52.01 | 58.90 | 3.3% | Buy (78) |
| Large cap | Agnico Eagle Mines | AEM | Nov 2023 | 49.80 | 61.15 | 2.6% | Buy (75) |
| Large cap | Fidelity Natl Info Services | FIS | Dec 2023 | 55.50 | 72.04 | 2.7% | Buy (85) |
| Large cap | Baxter International | BAX | Feb 2024 | 38.79 | 42.54 | 2.7% | Buy (60) |
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