Bob Lord/iStock Editorial via Getty Images This article was written by Kody Kester (Kody's Dividends). In the classic game of Monopoly, the high-value tiles tend to get all of the attention. Everybody wants to own Park Place and Boardwalk, right? That creates opportunities for other assets that fly under the radar. Think Electric Company and Water Works. These properties are relatively cheap and o...
Bob Lord/iStock Editorial via Getty Images This article was written by Kody Kester (Kody's Dividends). In the classic game of Monopoly, the high-value tiles tend to get all of the attention. Everybody wants to own Park Place and Boardwalk, right? That creates opportunities for other assets that fly under the radar. Think Electric Company and Water Works. These properties are relatively cheap and offer steady but not flashy return potential. This brings me to my topic of today, which is American Water Works ( AWK ). In the real world, AWK has spent almost two decades as a publicly traded company proving that water is the ultimate defensive play. When I last covered AWK with a Buy rating in January for Treading Softly, I liked that it wasn't just a utility but a dividend machine. At the time, the company had a 17-year dividend growth streak. I also thought it could achieve its high single-digit percentage annual EPS growth targets. The A S&P credit rating with a stable outlook was another positive. Finally, shares were trading at a double-digit percentage discount to our fair value estimate. Nearly two months later, I'm reiterating my Buy rating. AWK's growth outlook appears to be holding up. The company's debt-to-capital ratio is below its target, and it maintains ample liquidity. Sealing the deal on my Buy rating, shares are about as undervalued today as they were in January. The Growth Profile Remains Intact AWK Q4 2025 Earnings Presentation On February 18th, AWK released its earnings report for the fourth quarter ended December 31st, 2025. The company's operating revenue grew by 5.8% year-over-year to $1.27 billion in the quarter. For more color, that missed Seeking Alpha's analyst consensus during the quarter by $20 million . What was behind AWK's respectable topline growth for the fourth quarter? Once again, the biggest catalyst for AWK's operating revenue growth in the quarter had to do with favorable rate case decisions that have gone into effect in recent mon...
Fabrice Cabaud Wall Street’s major market averages traded lower on Friday as the January wholesale inflation report came in hotter than expected. The blue-chip Dow ( DJI ) was last lower by 1.5%, while the benchmark S&P 500 ( SP500 ) was -0.9%. At the same time, the tech-focused Nasdaq Composite was -1.1%. From a sector standpoint, six of the S&P 500’s 11 segments were in positive trading territor...
Fabrice Cabaud Wall Street’s major market averages traded lower on Friday as the January wholesale inflation report came in hotter than expected. The blue-chip Dow ( DJI ) was last lower by 1.5%, while the benchmark S&P 500 ( SP500 ) was -0.9%. At the same time, the tech-focused Nasdaq Composite was -1.1%. From a sector standpoint, six of the S&P 500’s 11 segments were in positive trading territory, with consumer staples leading the way. At the other end of the spectrum, financials have suffered the most so far. Treasury yields also moved lower. The benchmark U.S. 10-Year Treasury yield ( US10Y ) slipped to 3.97%, falling below the 4% threshold for the first time in three months. Furthermore, the shorter-end U.S. 2-year Treasury yield ( US2Y ) fell to 3.40%, while the U.S. 30-year Treasury yield ( US30Y ) declined to 4.64%. On the economic front, the January U.S. Producer Price Index came in at +0.5% M/M versus the +0.3% consensus and +0.5% prior figure. Also, core PPI (excluding food and energy) came in at +0.8% M/M compared to the +0.3% consensus and +0.7% prior readings. Additionally, the Chicago PMI print increased to 57.7 in February, beating the 52.5 consensus number. As for stocks that were on the move, shares of Block ( XYZ ) climbed 15.6%, and shares of Zscaler ( ZS ) came down by 13.9%. More on markets Dividend Roundup: Home Depot, UnitedHealth, Cigna, Nvidia, and more ETF impact: Block’s 40% workforce cut fuels 20% rally and these funds are taking notice US10Y slips below 4% for the first time in three months as investors purchase bonds Dividend strength meets energy sector surge: Top 10 performers to watch Value or Growth? These 15 stocks are offering both
OpenAI has closed another round of funding , totalling $110 billion being newly committed to the maker of ChatGPT, which it says has more than 900 million weekly active users and over 50 million consumer subscribers. Amazon is investing $50 billion and striking a deal that includes plans for custom models and more. Nvidia and SoftBank are each contributing $30 billion, as well, even as the Wall St...
OpenAI has closed another round of funding , totalling $110 billion being newly committed to the maker of ChatGPT, which it says has more than 900 million weekly active users and over 50 million consumer subscribers. Amazon is investing $50 billion and striking a deal that includes plans for custom models and more. Nvidia and SoftBank are each contributing $30 billion, as well, even as the Wall Street Journal notes that Nvidia's previous $100 billion investment plan is "on ice." This marks another massive influx of cash for the company that's now valued at $730 billion, and previously closed a $40 billion round in 2025. At the time, it was th … Read the full story at The Verge.
(RTTNews) - Guardian Metal Resources plc (GMTL) on Friday announced that it has filed a registration statement on Form F-1 with the U.S. Securities and Exchange Commission for a proposed initial public offering of American Depositary Shares in the United States.
(RTTNews) - Guardian Metal Resources plc (GMTL) on Friday announced that it has filed a registration statement on Form F-1 with the U.S. Securities and Exchange Commission for a proposed initial public offering of American Depositary Shares in the United States.
Nisian Hughes/DigitalVision via Getty Images Service Corporation ( SCI ) is a company that we have owned for over a decade and a bit of a hidden gem. The stock has fewer than 10k followers on SA, company information is sparse and it is not a business many investors would think of as an investment opportunity. This is part of its beauty. The business model will never be disrupted, the demand will a...
Nisian Hughes/DigitalVision via Getty Images Service Corporation ( SCI ) is a company that we have owned for over a decade and a bit of a hidden gem. The stock has fewer than 10k followers on SA, company information is sparse and it is not a business many investors would think of as an investment opportunity. This is part of its beauty. The business model will never be disrupted, the demand will always be there and it will stand the test of time. Service Corporation is North America’s leading provider of funeral, cremation and cemetery services. To understand what shaped this company, low key profile and conservative business model, we first need to take a look at it from a historical lens. Historical Viewpoint The death scare in 1999 In the late 1990s, the SCI’s founder, Robert Waltrip , pursued a hyper-aggressive growth strategy . The company acquired thousands of family operated funeral homes and cemeteries globally to consolidate them under SCI. To fund its expansion, SCI took on large amounts of debt and accepted lower returns on capital, just to sustain its growth momentum. Even in a predictable business like this, mortality rates can and will fluctuate over time. 1999 marked the tipping point for the company where slightly lower mortality rates combined with high leverage created ripple effects. In October that year, the company published a quarterly report that greatly disappointed investors and the stock plummeted over 50%, in one day. This sell-off created a market panic and SCI was no longer able to sell shares to fund acquisitions needed to keep the growth going. With interest payments that needed to be serviced, the company started a fire-sale of its assets and pulled out from the international markets. SCI managed by a thin margin to stabilize and recover over time. SCI stopped trying to take over the world and focused on becoming a lean, North American cash-flow machine. Today, the company is managed in a conservative fashion. The mindset was forged d...
flyparade/iStock via Getty Images Nexstar Media Group ( NXST ) had a rather good Thursday, beating revenue estimates in Q4 earnings and once again approaching all-time highs on stock prices, despite the EPS figures being rather moderate because of the lack of an election cycle during that quarter. I initiated my coverage on Nexstar back in August, rating it a hold because the planned acquisition o...
flyparade/iStock via Getty Images Nexstar Media Group ( NXST ) had a rather good Thursday, beating revenue estimates in Q4 earnings and once again approaching all-time highs on stock prices, despite the EPS figures being rather moderate because of the lack of an election cycle during that quarter. I initiated my coverage on Nexstar back in August, rating it a hold because the planned acquisition of Tegna ( TGNA ), while potentially offering them some synergies, also faces strong regulatory hurdles before approval. The stock price has continued to rise in recent months, though that acquisition still isn’t approved, and now we’re brushing up on record highs for Nexstar. Is that warranted? My August take was that these levels are possibly warranted if the Tegna deal was approved, but that has yet to happen, and six months later we’ve got full year numbers to review, so I thought it was worth dipping into Nexstar’s financials again to asking whether there is real value to be had in owning and operating TV stations in 2026. Progress in 2025, But Earnings Were Soft Nexstar showed some progress in their business through 2025, and a testament to that is that they capped off Q4 ahead of estimates on revenue. The CW Network grew into the 10 th most watched network in the US, though at the same time, 2025 was not an election year, so advertising revenue was necessarily weaker than it would’ve been in an even-numbered year. All told, the final results aren’t a disaster, but the nature of 2025 prevents them from being a runaway success. 2024 2025 Revenue $5.4 billion $4.9 billion Operating Income $1.27 billion $849 million Interest Expenses ($444 million) ($379 million) Net Income $722 million $109 million GAAP EPS $21.73 $3.04 Click to enlarge (source: press release from Q4 earnings) You can see here where revenue fell off because of the lack of an election in the year, so even while The CW continued to grow, it’s not so big as to be able to lift all boats for a company the siz...
Lone Star Stock/iStock via Getty Images Portillo's Inc.'s ( PTLO ) numbers haven't been great, but the recent earnings call brought up some strategic changes that caught my attention. And no, I'm not just talking about the slowdown in new openings and the interruption of clustering in the Sunbelt, especially in markets with very high DMAs. As I mentioned in my last article , the first re-rating ha...
Lone Star Stock/iStock via Getty Images Portillo's Inc.'s ( PTLO ) numbers haven't been great, but the recent earnings call brought up some strategic changes that caught my attention. And no, I'm not just talking about the slowdown in new openings and the interruption of clustering in the Sunbelt, especially in markets with very high DMAs. As I mentioned in my last article , the first re-rating has already happened. Portillo's no longer looks like a traditional growth story, but it's trading more like a turnaround, which historically has been a decent OCF generator. Berkshire Partners —the "terror" of long-term holders and one of the biggest culprits in Portillo's disastrous expansion—finally sold almost all of its stake (currently they hold ~1.4% without board representation). Berkshire Partners' percentage of ownership in Portillo's (Fintel) They also just named a new CEO. Brett Patterson seems to bring more hands-on restaurant experience than Michael Osanloo, with time spent at Darden ( DRI ), Ruby Tuesday, Outback ( BLMN ), and Miller’s Ale House. No fast-casual or fast-food chains on this list, which worries me a bit. Outback was also the loser of the " Battle of the Steakhouses ," and if they push LTO strategies based on Portillo's Perks as well, I think that would be a bad thing. In my opinion, Brett should focus on the core business, push daily value like Potbelly did in the fast-casual space last year (remember that the "Skinny Combo" generated many incremental transactions), and have a firm hand on pricing. A kind of fast-casual with the efficiency of fast food. It's difficult, I know, but it's possible. And when I say I liked what I heard on the earnings call, I'm referring to a few strategic tweaks. I'll list them for you: The end of clustering high-DMA markets, which was cannibalizing traffic in some regions : The pattern was one of strong entry into new markets (~$250,000 in weekly sales), such as in Arizona (the Phoenix market, for example, has 8 rest...
Acerinox, S.A. press release ( ANIOY ): Q4 Revenue of €1.87B. Q4 2025 EBIT: €87 million. 2025 net profit: €156 million. More on Acerinox, S.A. Seeking Alpha’s Quant Rating on Acerinox, S.A. Historical earnings data for Acerinox, S.A. Dividend scorecard for Acerinox, S.A. Financial information for Acerinox, S.A.
Acerinox, S.A. press release ( ANIOY ): Q4 Revenue of €1.87B. Q4 2025 EBIT: €87 million. 2025 net profit: €156 million. More on Acerinox, S.A. Seeking Alpha’s Quant Rating on Acerinox, S.A. Historical earnings data for Acerinox, S.A. Dividend scorecard for Acerinox, S.A. Financial information for Acerinox, S.A.
Técnicas Reunidas, S.A. press release (TNISF ): Q4 Revenue of €1.87B. Q4 2025 EBIT: €87 million. 2025 Net Profit: €156 million. More on Bank Of N.T. Butterfield & Son: An Offshore Moat Yielding Massive Capital Returns After A Stellar 2025 MBIA Inc. (MBI) Q4 2025 Earnings Call Transcript Ambev: Let's Cheers To More Upside Ambarella cascades due to GoPro's patent victory despite posting solid Q4 res...
Técnicas Reunidas, S.A. press release (TNISF ): Q4 Revenue of €1.87B. Q4 2025 EBIT: €87 million. 2025 Net Profit: €156 million. More on Bank Of N.T. Butterfield & Son: An Offshore Moat Yielding Massive Capital Returns After A Stellar 2025 MBIA Inc. (MBI) Q4 2025 Earnings Call Transcript Ambev: Let's Cheers To More Upside Ambarella cascades due to GoPro's patent victory despite posting solid Q4 results: analysts Las Vegas Strip gaming revenue tumbles amid international tourism slump, high pricing