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Recent Articles
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Dividend Increases/Decreases for the Week of June 7
Jun 7, 2024
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Let's take a look at firms raising/lowering their dividends this week.
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Lululemon’s Fiscal First Quarter Results Well Received But Competition Remains Fierce
Jun 6, 2024
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Image: Lululemon’s shares have been under considerable pressure so far in 2024.
We think Lululemon’s Power of Three x2 initiatives are achievable, but hitting these long-term targets won’t be easy given increasing competition in the athleisure space from Vuori and others. Shares of Lululemon have fallen quite a bit since peaking in December of last year. We won’t be adding Lululemon to any newsletter portfolio anytime soon, and our $350 per share fair value estimate remains unchanged.
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Hewlett Packard Enterprise Reports Strong AI Systems Revenue
Jun 5, 2024
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Image: Hewlett Packard Enterprise is breaking out nicely.
We liked the AI-related news from Hewlett Packard Enterprise, and shares were up nicely following the report. Hewlett Packard Enterprise’s cash flow performance was also solid, with free cash flow increasing $322 million, to $610 million, for the three months ended April 30, 2024. HPE’s revenue growth for fiscal 2024 is now expected to expand 1%-3% in constant currency (was 0%-2%) and non-GAAP diluted earnings per share in the range of $1.85-$1.95 per share, the midpoint above the $1.88 per share the Street had been expecting at the time.
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Waste Management to Acquire Stericycle
Jun 3, 2024
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Image: Waste Management’s shares have done quite well the past 12-18 months.
The oligopolistic nature of the waste business is something that we like a lot, and while Waste Management’s deal for Stericycle will be more complementary in nature bringing in an incremental suite of medical waste and secure information destruction services, we have no qualms with the acquisition.
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