Published: September 09, 2017
Palo Alto Networks Inc. (PANW:US) has had an exciting week, leaping over 10% due to an positive earnings call. This jump would be significant for any stock, but is particularly noteworthy in the notoriously cutthroat sector of enterprise and network security. Given this, we decided to take a de...
Published: May 29, 2015
Buying an industry leader trading at trough valuation due to technology transition. Upside in the stock will be driven by a re-rate of its earnings multiple to a less steep discount relative to its tech sector peers, once its core business stabilizes and its growth initiatives start to take hold.
Published: January 30, 2015
We are initiating coverage of Oracle Corporation with a BUY rating and a 24-month price target of $63. Oracle is a money machine that prints $1.2 billion in free cash flow per month. Oracle has an extremely valuable “razor and blades” business model, which is being substantially undervalued in it...
Published: January 14, 2013
Dell is a dirt cheap, misunderstood company (not primarily a PC company, and not a fixed cost one at that), and there is a good chance Michael Dell will take it private.
Published: October 08, 2012
Beware of the nattering nabobs of negativity, whom collectively wring their hands, obfuscate with techno-babble, and proclaim that the Company is losing its competitive edge. Cisco's operating margins, which are north of 24%, and its return on invested capital, which is north of 40%, are both ind...
Published: August 10, 2012
Despite being among the leaders in its respective industry, HP’s trading multiple is at a steep discount to most technology companies. HP is trading at historical lows despite being significantly larger as measured by revenues
coupled with improved operating performance.