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Recent Articles
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Republic Services Covers Dividends with Free Cash Flow By a Nice Margin
May 1, 2024
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Image: Republic Services’ stock has had a fantastic run during the past couple years.
Republic's operating cash flow expanded to $811.5 million in the quarter versus $687.7 million in the year-ago period, while free cash flow of $297 million in the quarter comfortably covered cash dividends paid in the period ($168.3 million). We continue to like Republic Services across our newsletter portfolio suite.
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McDonald’s Continues to Be Impacted By the War in the Middle East
May 1, 2024
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Image: McDonald's shares have largely traded sideways the past couple years.
Though impacts from the Middle East weren’t great and the pace of adjusted operating income and adjusted earnings per share growth weren’t as high as we would have liked in the first quarter, we’re sticking with McDonald’s in the Best Ideas Newsletter portfolio. McDonald’s mostly franchised business model works well in the current inflationary environment, and we continue to like the value it provides to consumers.
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Enterprise Products Offers Investors Key Midstream Exposure
Apr 30, 2024
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Image: Enterprise Products Partners has come back nicely since the doldrums of the COVID-19 meltdown.
We’ve never been huge fans of pipeline master limited partnerships [MLPs], but Enterprise Products Partners has been executing well. We also like the transparency it provides with respect to adjusted cash flow from operations and adjusted free cash flow, the latter coming in at $1.08 billion for the three months ended March 31. Units yield ~7.2% at the time of this writing and remain key exposure to the midstream space within the High Yield Dividend Newsletter portfolio.
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Domino’s Long-Term Growth Outlook Looks Achievable
Apr 29, 2024
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Image Source: Domino's.
Domino’s continues to be shareholder-friendly, paying a nice quarterly dividend and buying back stock. As of March 24, it still had total remaining authorization on its buyback program of $1.12 billion. Looking to the firm’s long-term guidance, the firm is targeting 7%+ annual global retail sales growth, 1,100 annual global net store growth, and 8%+ annual income from operations growth. We think its targets are achievable.
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