Oil majors: ExxonMobil (USA), Chevron (USA), Royal Dutch Shell (UK and Netherlands), BP (UK), TOTAL (French) Traditionally, being an oil major has meant being a fully vertically integrated company from oil exploration, drilling, refining, and chemical production. ExxonMobil continues to fulfill that role, but they are much more than an oil company today. Although they […]
Fundamental Analysis - Past Articles
Dear Chairman: An open letter to GameStop’s Board of Directors
Dear Chairman, With the conclusion of the strategic review considering a possible sale of GameStop, I believe it is time for the board of directors to take a serious look at shareholder-friendly capital allocation. The sale of Spring Mobile stores combined with the large free cash flows of 4Q 2018 will have created a sizable net cash […]
Tax Cuts and Jobs Act of 2017, Fake Earnings, and Chuy’s Stock Performance
I was reviewing Chuy’s 2017 annual report today in order to understand Chuy’s stock performance over the last twelve months. In early August of 2017, Chuy’s stock was trading at approximately $20 per share. Yesterday, Chuy’s stock price peaked above $34 per share. This represents a gain of 70% in less than 12 months. I […]
NACCO Earnings Call Notes – 1Q 2018
Last month, I published my analysis of the NACCO Industries spin-off investor presentation from last year. Today, I’ll be sharing my notes from the most recent NACCO earnings call which took place on May 3rd, 2018. This quarterly earnings call covered the business results for NACCO Industries in the first quarter of 2018. The earnings […]
Gilead Sciences Earnings Call Notes – 4Q 2017
Gilead Sciences (GILD) is a company which I have been following for some time. In January 2017 I wrote an article on Seeking Alpha describing why I felt that Gilead Sciences could be a core holding in a portfolio. In today’s post, I’ll be sharing my notes from Gilead Sciences earnings call for the 4th quarter […]
