On September 9, 2019, activist shareholder Elliott Management Corporation issued a letter to AT&T Inc.'s (T) Board of Directors. In this letter, Elliott shares its thoughts on how T can improve its business and realize a historic increase in value for its shareholders. Elliott believes T can achieve a $60+/share value by the end of [...]
Fortive Corporation (FTV) announced its intention to separate into two independent, publicly traded companies with the transaction expected to be completed the 2nd half of 2020. Summary Fortive was spun off from Danaher Corporation on July 2, 2016 and adopted Danaher’s philosophy underpinning the proven Danaher Business System. Recurring revenue as a percentage of total [...]
Further to my August 17th Chevron Corporation (CVX) article, I have acquired another 300 shares for one of the 'side accounts' within the FFJ Portfolio. In my FFJ Portfolio - August 2019 Report I mentioned that due to my aging mother's health issues I had to go out of town August 18 - 28 and [...]
Chevron Corporation (CVX) released its Q2 and YTD2019 results and provided Q3 2019 guidance on August 2, 2019. Management demonstrated cost and capital discipline when it withdrew its offer to acquire Anadarko Petroleum Corporation. Management has communicated its decision to resume its $5B annual share buyback program. Long-term investors would be wise to closely look [...]
This brief Automatic Data Processing, Inc. (ADP) article provides an update on the August 2019 covered call option contracts I wrote in May 2019. In my August 4th Automatic Data Processing, Inc. (ADP) article I mentioned I would provide a brief update on the August 2019 $165 covered call contracts I had sold May 15th [...]
Zoetis Inc. (ZTS) is expanding its broad product portfolio through the internal development of new products and also by way of acquisition. It released its Q2 and YTD2019 results and updated FY2019 guidance on August 6, 2019. ZTS' current valuation suggests this is not an opportune time in which to be acquiring ZTS shares. Summary [...]
MSCI Inc. (MSCI) is the leader in providing global benchmarks to institutional investors. It released its Q2 and YTD2019 results and updated FY2020 guidance on August 1, 2019. Investors would be wise to refer to my August 9th 'Howard Marks' related article when considering whether to invest in MSCI at current levels. Summary MSCI is [...]
Broadridge Financial Solutions, Inc. (BR) released Q4 and FY2019 results and FY2020 guidance on August 1, 2019. BR's share price has retraced from its late July 2019 level and in this article I look at whether the current valuation based on FY2020 guidance presents a buying opportunity. In my opinion, the current market environment is [...]
Becton, Dickinson and Company (BDX) released Q3 and YTD 2019 results and reiterated FY2019 guidance on August 6, 2019. BDX's share price jumped but in the current environment I envision an impending share price pullback which should provide investors with an opportunity to acquire shares in this high quality company at a more favorable valuation. [...]
In this article I look at Mastercard Incorporated's (MA) current valuation based on guidance provided with the release of Q2 and YTD 2019 results on July 30, 2019. Summary Mastercard is an extremely high quality business with a superior business model that results in significant profits and Free Cash Flow. MA’s growth will come from [...]
