Research

What Valuation is the Stock Trading On?

Stock Prices can be linked to business fundamentals through one or more Valuation Metrics. When a given valuation metric is found to track (i.e. correlate with) one or more business fundamental metrics, the stock is said to be “trading on” that (driving) valuation metric. Conversely, when a given valuation metric is found not to track […]

Read More

aMP Performance Update 2Q17

The chart shows acteve Model Portfolio (aMP) indexed value (net of fees) vs. the S&P 500 market index (indexed to 10/31/15), as of 6/30/17. The chart also shows the cash allocation in the portfolio. As of 6/30/17, more than 50% of aMP assets were held in cash, given my view that the market environment was […]

Read More

aMP Performance Update 1Q17

The chart shows acteve Model Portfolio (aMP) indexed value (net of fees) vs. the S&P 500 market index (indexed to 10/31/15), as of 3/31/17. The chart also shows the cash allocation in the portfolio. As of 3/31/17, more than 50% of aMP assets were held in cash, given my view that the market environment was […]

Read More

aMP Performance Update 4Q16

The chart shows acteve Model Portfolio (aMP) indexed value (net of fees) vs. the S&P 500 market index (indexed to 10/31/15), as of 12/31/16. The chart also shows the cash allocation in the portfolio. As of 12/31/16, more than 50% of aMP assets were held in cash, given my view that the market environment was […]

Read More

Exploring $SYNA Valuation Discount

SYNA stock is down ~25% YTD, trading at EV/S of ~1x (vs. peer group at ~3x+), a valuation discount worth exploring. Synaptics was affected by the Samsung Galaxy Note 7 fiasco over the last year, as well as a secular shift toward integrated touch+display-driver (TDDI), starting with lower-margin low-end phones in China. The shift toward […]

Read More

Investment Advice vs. Management – What’s Your Fancy?

Today it is virtually impossible for individuals to buy investment advice in a fiduciary framework, without paying for full-on investment management (traditional active management). Traditional active management is designed to take control of your assets away from you, and charge you more for it in the process. Mutual funds, hedge funds, as well as independent […]

Read More

Interpreting $FCAU Investment Risks

FCAU (Fiat Chrysler Automobiles) appears to be attracting attention recently, with the stock up ~27% over the last 3 months vs. S&P 500 index up ~3%. Starting with FCAU’s valuation discount, I try to interpret investment risks for the stock. The chart below compares FCAU with U.S. peers Ford, GM, and Tesla. At EV/S (TTM) […]

Read More

$MU Positive Pre-Announcement

Earlier this week Micron increased its earnings guidance for the quarter ending Nov-16, to be reported later this month. Revised guidance is for revenues and EPS to be significantly above the high-end of prior guidance, and gross margins to be at the high-end of prior guidance, driven primarily by higher DRAM prices. Micron also noted […]

Read More

What is Risk? A Practical Perspective

You and I use the word “risk” frequently in our lives, without really thinking about its definition or knowing whether others around us think of it the same way as us. Not having a specific definition of risk might be acceptable in a non-financial setting; but when it comes to investing, it is critical to […]

Read More

Watch the Video – Sundeep Bajikar on 5GQ

  Many thanks to Jake Taylor at 5GQ for creating this interview with me. Jake certainly does ask 5 Good Questions. Hope you enjoy it. Here are Jake’s excellent questions: 1. If you’re a generalist investor, do you have any business venturing into technology investments? Or are you setting yourself up for failure by venturing […]

Read More

Search:

Categories

Archives

Equity Research for the Technology Investor - Value Investing in Technology Stocks