Annual Review, Part One

by Travis Johnson, Stock Gumshoe | January 10, 2014 9:04 pm

Looking at the stocks that spent 2013 on the Irregulars "core" list

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Source URL: https://www.stockgumshoe.com/2014/01/annual-review-part-one/


9 responses to “Annual Review, Part One”

  1. jonomalley says:

    This was great. Thanks Travis.

  2. Dennis says:

    Travis:
    Any thoughts about MPW? I have been in for approximately 9 months and have not seen much movement other than the dividend. Wondering what your thoughts are since featured last fall in Gumshoeland.

    Thanks, DZ

  3. ryansch says:

    Travis, i like Altius, but I haven’t bought it yet. In the last two weeks, the stock is up 25% +/-, possibly due to their CEO message to shareholders released on Christmas Eve… How do you feel about the valuation since this increase?

    Also, I don’t want to take away from the Annual Review material, but I am curious about your thoughts on Input Capital, the agricultural streamer which you have covered. Their market cap is 120m now, and should have about 8m in royalty income for their fiscal year end (according to my calcs, using data from their last news release). Any thoughts?

    Happy New Year. Thanks for Everything.

  4. sonetirot says:

    Thanks to stockgumshoes profile of ALNY & BOFI.
    ALNY up more than $22 pre-market this morning (plus another 34%)
    It is big win. I only pick a few that I like from SG profile, I only pick ALNY and BOFI, both are blasting off. I did miss ISIS.
    BTW : Thanks

  5. Interesting analyst note in Barron’s yesterday from an analyst on Seadrill and the other big offshore drillers — in part:

    “We see the most value in Noble (NE) and Rowan (RDC) [both rated at Outperform]. We believe Noble by far has the most potential upside based on our NAV and discounted-cash-flow (DCF) analysis with about 20% and 40% upside, respectively. We note Noble has been cheap on a relative basis over the last few years — management is hoping the spin-off of its noncore assets (targeted for later this year) helps close this gap. We like Noble in 2014. Our other top pick among the drillers albeit for different reasons is Rowan. Rowan is the second-cheapest name in the group trading at a 15% discount-to-book value (Rowan has a premium jackup fleet and next generation (dual blowout preventers (BOP)) drillships.

    “At the other end of the spectrum are SeaDrill (SDRL) [rated at Outperform] and Atwood Oceanics (ATW) which screen expensive on a DCF basis. Lucky for SeaDrill they are playing a different game — paying out all of their cash flow as a dividend and shifting assets to SeaDrill Partners (SDLP) (financial arbitrage). Atwood also has limited upside on a DCF basis owing to its operating performance (premium returns on capital).”

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