natatravel/iStock via Getty Images Pan American Silver Analysis Data by YCharts Usually, when a stock triples in price, I don't revisit it as a BUY because the valuation has simply become too unattractive for current investors. But Pan American Silver ( PAAS ) is a different company than the one I wrote up at $16 back in May 2023 , and with silver hovering near $80/oz, I think it's worth taking an...
natatravel/iStock via Getty Images Pan American Silver Analysis Data by YCharts Usually, when a stock triples in price, I don't revisit it as a BUY because the valuation has simply become too unattractive for current investors. But Pan American Silver ( PAAS ) is a different company than the one I wrote up at $16 back in May 2023 , and with silver hovering near $80/oz, I think it's worth taking another look. The quick recap: I liked the Yamana Gold acquisition at the time because it gave Pan American four producing mines at what I considered a steal. What a buy that turned out to be. As of writing three years later, the stock trades around $56 and carries a forward P/E of roughly 12x. That's not dirt cheap, and there are certainly cheaper miners on the market today. But for the single best pure-play producer on the silver price (which I'll back up below), I think there's still value here. A Bigger, More Diversified Company Pan American Silver The 2023 version of Pan American looked nothing like this one. Today it runs 10 producing mines across North and South America, spread across seven jurisdictions, with no single jurisdiction accounting for more than 25% of revenue. That's a meaningful risk reducer for a space where one bad election or one permit fight can torpedo a year of production. In addition to the Yamana Gold acquisition, management made a shrewd move by acquiring MAG Silver in 2025 for its 44% joint venture interest in the Juanicipio mine in Mexico (one of the highest-grade, lowest-cost silver operations on the planet). This was done with silver prices at $40, or nearly half current prices, so such an acquisition today would be far more expensive. I was firmly in favor of that deal when it was announced, and I still am. Juanicipio is the kind of asset you rarely see trade hands, and Pan American now owns nearly half of it. Adding this all together, this is no longer a one-country, silver-heavy story with a few legacy assets. It's a diversified precious m...
imaginima/iStock via Getty Images In early February, I reiterated my buy rating on Intuitive Surgical, Inc. ( ISRG ) and expressed my belief that investors should have bought the January selloff. In that analysis, it was shown that Da Vinci 5 adoption was robust and that the long-term growth story remained intact despite soft 2026 guidance. After the publication of that article, there was further ...
imaginima/iStock via Getty Images In early February, I reiterated my buy rating on Intuitive Surgical, Inc. ( ISRG ) and expressed my belief that investors should have bought the January selloff. In that analysis, it was shown that Da Vinci 5 adoption was robust and that the long-term growth story remained intact despite soft 2026 guidance. After the publication of that article, there was further weakness in the stock, but Intuitive Surgical has since more than recovered after surging in reaction to their Q1 earnings. The below rating history chart has yet to reflect this sharp rebound. Today, I have decided to provide an update as we will go through their latest results to see whether the bull thesis is still going strong. Seeking Alpha Below, it is shown that both adoption of their solutions and financial performance have been strong in their Q1. The company also managed to raise their full-year outlook as a sign that even the near-term outlook is improving. While there are some risks, like a recent cybersecurity incident, long-term prospects remain highly intact. With the valuation little changed since my previous article, I have decided to reiterate my buy rating on Intuitive Surgical stock. Adoption Metrics Decently Robust Intuitive Surgical Q1 Presentation Let's start today's analysis with a look at their adoption metrics. At the end of the day, the financials will follow if adoption of their systems continues to be strong. For worldwide procedures, there was growth of around 17% YoY, which is a slight slowdown from the previous quarter's 18% increase . For their all-important da Vinci line, there was a similarly modest deceleration of procedure growth. In terms of system placements, the company placed a total of 431 da Vinci systems in Q1, up 17% YoY. That is actually a significant jump in placement growth, as just 8% was reported for Q4. Therefore, there are some signs that adoption is strengthening. Furthermore, for the da Vinci 5, there was a 58% surge in ...
Shareholder groups have filed new proposals urging Meta Platforms to publish reports on human rights due diligence, online hate, climate impacts of AI data centers, H-1B worker practices, and executive pay linked to child safety. One proposal singles out Meta's role in alleged human rights issues in Gaza, calling for deeper disclosure on how its platforms are managed in conflict zones. Meta has al...
Shareholder groups have filed new proposals urging Meta Platforms to publish reports on human rights due diligence, online hate, climate impacts of AI data centers, H-1B worker practices, and executive pay linked to child safety. One proposal singles out Meta's role in alleged human rights issues in Gaza, calling for deeper disclosure on how its platforms are managed in conflict zones. Meta has also announced that two board members will not stand for re election, including Broadcom CEO Hock...
Most tech companies talk abstractly about building AI from human behavior. Meta just sent its employees a memo making it concrete, and personal. The company is installing tracking software on employee computers. It will record mouse movements, keystrokes, clicks, and screenshots. And workers cannot ...
Most tech companies talk abstractly about building AI from human behavior. Meta just sent its employees a memo making it concrete, and personal. The company is installing tracking software on employee computers. It will record mouse movements, keystrokes, clicks, and screenshots. And workers cannot ...
SoftBank Group Corp. is seeking a $10 billion loan secured by its shares in US artificial intelligence giant OpenAI, people familiar with the matter said, as it takes on more debt for its push into AI. Bloomberg's Trista Xinyi Luo reports. (Source: Bloomberg)
SoftBank Group Corp. is seeking a $10 billion loan secured by its shares in US artificial intelligence giant OpenAI, people familiar with the matter said, as it takes on more debt for its push into AI. Bloomberg's Trista Xinyi Luo reports. (Source: Bloomberg)