The US carried out a new round of strikes in Iran targeting more than 80 sites and revoked a waiver allowing new sales of Iranian oil, further imperiling a peace agreement after a series of attacks on ships in the Strait of Hormuz. (Source: Bloomberg)
The US carried out a new round of strikes in Iran targeting more than 80 sites and revoked a waiver allowing new sales of Iranian oil, further imperiling a peace agreement after a series of attacks on ships in the Strait of Hormuz. (Source: Bloomberg)
vinodkumar Amberkhane/iStock Editorial via Getty Images One of the things that I have to revisit time and time again when reviewing a company that seems to be of very high quality (and the market applies a very high premium) is whether I'll be changing up and accepting a higher premium as well. Sometimes I do accept a higher premium - but most often I simply reach the conclusion that a higher prem...
vinodkumar Amberkhane/iStock Editorial via Getty Images One of the things that I have to revisit time and time again when reviewing a company that seems to be of very high quality (and the market applies a very high premium) is whether I'll be changing up and accepting a higher premium as well. Sometimes I do accept a higher premium - but most often I simply reach the conclusion that a higher premium simply isn't justified for the company. Since my last article, found here , Atlas Copco ( ATLKY ) has performed well, but its premium has also increased to significant levels. My main goal in this article is to show you what this increase in premium actually represents for you, the investor, if you decide to invest in the company here. Atlas Copco recently lost quite a bit of market value in the end, and the company has been relatively volatile for going on a year now - moving several times between 24-25x P/E and back up to 34x P/E. It's my argument, especially after the 2025 fiscal, where the company saw an earnings decline in the double digits, that it's very clear that this company does not deserve this sort of premium. Despite initial declines, however, as well as volatility, and also not really recovering to more than 2024 levels, the company is trading highly. There's currently an expectation of Atlas Copco managing about 9-11% AEPS growth for the coming few years - an expectation I consider to be quite unrealistic, all things considered. From a valuation perspective, very few things look appealing about Atlas Copco. The company has an inverse P/E, or earnings yield, of less than 3%. It has a yield of less than 1.6%, which makes for a less-than-risk-free rate RoR, and the company's earnings growth estimates do not justify any expansion to a significantly higher level overall. Let me show you why this is so risky, according to me. Under What Circumstances Could Atlas Copco Be Considered Attractive Let me begin with some basics - why is a sub-3% earnings yield so da...
Apple Inc.’s long-rumored foldable iPhone could arrive later than the rest of the iPhone 18 lineup, with supply constraints potentially delaying preorders and sales until the fourth quarter of 2026, according to prominent analyst Ming-Chi Kuo. Foldable iPhone Launch Could...
Apple Inc.’s long-rumored foldable iPhone could arrive later than the rest of the iPhone 18 lineup, with supply constraints potentially delaying preorders and sales until the fourth quarter of 2026, according to prominent analyst Ming-Chi Kuo. Foldable iPhone Launch Could...
"F**k The USA": Professor Delights Chicago Crowd With Anti-American And Anti-Border Rant Authored by Jonathan Turley via jonathanturley.org , I have previously written about the " radical chic " in higher education of faculty members who espouse extremist views in departments purged of conservative, libertarian, or moderate voices. While it is virtually impossible to get departments to seriously c...
"F**k The USA": Professor Delights Chicago Crowd With Anti-American And Anti-Border Rant Authored by Jonathan Turley via jonathanturley.org , I have previously written about the " radical chic " in higher education of faculty members who espouse extremist views in departments purged of conservative, libertarian, or moderate voices. While it is virtually impossible to get departments to seriously consider a mainstream conservative or libertarian, schools like Princeton eagerly hire professors such as Keeanga-Yamahtta Taylor , who recently delighted a Chicago audience with an unhinged rant against the United States and the concept of a nation-state. Bill Ayers and Princeton's Keeanga-Yamahtta Taylor appeared at a July 4th event and denounced the country and its anniversary. Taylor thrilled the crowd by recounting her disgust that a woman gave her child an American flag at the airport. She credited herself by not instantly burning it, but went on to denounce the country and credited the audience for its "F**k the U.S." attitude. Notably, Taylor suggested that only fools rally behind the flag or the notion of a nation-state. She clearly believes not just in open borders but rejects the very concept of borders. She repeatedly declared that "borders kill" and suggested that patriotic people are simply dupes. Bill Ayers is a former professor and one of the founders of the domestic terrorist organization, the Weather Underground. His wife, Bernardine Dohrn, was also a member of the group, and both were fugitives for several years. Dohrn is also a professor who has taught at Northwestern University School of Law. Taylor is a Professor in the Department of African-American Studies at Princeton University. She writes for the New Yorker. In the Chicago event, Taylor called on others to reject "the idea of loving a nation state, which is what patriotism is." She repeatedly returned to the theme that borders are "deadly" and "borders kill people." She explained that we have to er...