Monthly Archives: July 2017

Will Kinder Morgan Keep On Drilling Away?

Photo Credit: jasonwoodhead23 Kinder Morgan (KMI) is showing a 4% difference in Estimize and Wall Street estimates for EPS and a 2% difference between the two for revenue. Estimize comes in at $0.15 per share and Wall Street $0.14. For revenue, Estimize predicts $3.174B and the Street predicts $3.122B. KMI has a dividend yield of 2.56% and a P/E…

Is The Grass Getting Greener?

There are so many game-changers on the horizon that sometimes it’s difficult to keep up. Artificial intelligence. Self-driving cars. Virtual reality. Breakthroughs in energy storage. All of these can upend the status quo and change our daily lives for the better. But cannabis, the plant from which marijuana is derived, is in a class by…

Mark Mahaney’s Genius SNAP Target

Wall Street analysts are well-known shills, issuing only “Buy” and “Strong Buy” recommendations for their unsuspecting clients. The catastrophe SNAP is no exception, with analysts falling all over themselves to say what a great company it is; You may notice the fellow at the top of the list had a target price of $31, which is over 100%…

E

By Permission By Permission Tim Duy has a fascinating take on the state of the US economy. I will hopefully try to make sense of his viewpoint and offer another point of view. First, notice his charts above showing the tech economy in what appears to be a slight contraction. The professor makes this interesting…

A Decade Of Fallacy

Ten years ago yesterday, Bear Stearns sent a letter to shareholders of two specific hedge funds that it sponsored. Whenever anyone brings up the name now, you immediately know where this is going. That wasn’t the case in 2007, however. Whatever the world may think of Bear in hindsight, a decade ago it was a…

5 Capital Allocation Principles & Their Impact On Intrinsic V

One of the most important responsibilities of a company’s management team is capital allocation – the decision of where to deploy the firm’s excess capital. As shareholders, it is our job to ensure that management is making intelligent decisions for capital allocation, as it can have a profound effect on our long-term investment returns. Case-in-point: some of the most…