The case for undervalued energy, looking at Devon Energy over the last three years. The chart shows the performance of oil and gas exploration company DVN over the last three years Since the stock’s trough in October of 2020, it has exploded higher, rising 242% As explained in our white ...
Low Yields are Now the Norm KCR recently came across a fabulous tweet by @charliebilello that caught our attention. In his tweet, he pointed out that the dividend yield of the S&P500 was at its lowest point since the stock market bubble of 2000. With the treasury bond market ...
Are the Most Valued Companies in the World this Valuable? In March, we published a chart showing the market capitalization of firms over 10x price to sales hit $10 trillion The navy blue line updates that chart: today there are nearly $14 trillion worth of stocks valued over 10x ...
Energy Investing May be a Highly Profitable Endeavor: A Contrarian Take on “Peak Oil Demand” The chart below shows the Energy Sector’s weight in the S&P 500 is at the lowest level in history In a recent Quick Take, we showed that the oil industry’s spending to maintain and grow ...
Credit Risk in Stocks Using the Fed Definition of Speculative Grade Stocks Shows Elevated Risk Today The chart shows that the weakest quintile of stocks is as vulnerable today as they were in 2000 Vulnerability is measured by ICR, or EBIT/Interest Expense, and associated criteria as explained in the ...
Fun with flooring, the case for the basics, looking at Mohawk Industries over the last three years The chart shows the performance of flooring products company MHK, over the last three years Since the stock’s trough in May of 2020, it has exploded higher, rising 156% With reports from ...
Revisiting the Liquidity Liability There are now $2.5 trillion worth of companies whose shares are trading so furiously that the entire share base of the firm is changing hands in 40 business days or just two months We recently wrote an in depth White Paper on the unusually high ...
The Riskiest Stocks Right Now? The chart below shows that money-losing firms recently generated a 120% return When people double their money buying risky stocks, it is just another sign of the euphoria documented by legends like Galbraith, whose work we review here A post by consultant Marquette Associates discussed ...
The Case for Small Cap Value Stocks: The chart below shows that Small Cap Value is as cheap vs. Large Cap Value as any time in history We have been drawing peoples’ attention to the growing opportunity in charts and white papers on quality spreads in mid cap and ...
The chart below shows that the market cap of firms trading at over 20x sales has hit $4.5 trillion We believe this number likely understates the market cap sitting at these obscene multiples due to the massive amount of firms that are still held by private markets Our prior ...
