News
SO
Southern Company (SO): A 3.5% Yield and a Premium Multiple
Southern pays $2.98 a share on $4.15 of earnings, and the stock trades at 20.6 times those earnings. Is a 3.5% yield eno…
EPS
AbbVie at $264: Humira Is Replaced, but the EPS Is Not Clean
AbbVie paid $6.74 a share in dividends against $3.54 of trailing earnings, yet sells at 25.7 times forward EPS. Which ea…
WM
WM Stock at $211: Price Hikes Are Working, Volumes Are Not
WM raised its margin outlook in July while cutting its revenue outlook and reporting lower volumes. Is a 25x forward mul…
LLY
Eli Lilly (LLY) at 31 Times Forward Earnings: What $1,150 Assumes
Lilly earned $7.1 billion in one quarter and still trades at 31 times forward earnings. The revenue is real. The questio…
EPS
Stock Buybacks: When They Lift EPS and When They Only Offset Dilution
Booking's profit fell 8.1% last year while its EPS fell only 4.1%. That gap is a buyback at work. Twelve large companies…
News
Truist and the Regional-Bank Rate Trade Everyone Half-Remembers
Truist's profit jumped 37% last quarter, but the deposit mix and credit numbers inside that report complicate the rate-c…
News
Datadog’s Multiple Assumes Cloud Spend Keeps Accelerating
Datadog's trailing P/E of 864.94 is nearly meaningless. The real bet in its $96 billion valuation is that 36% revenue gr…
News
Barrick Mining: The Gold Trade That Still Has a Cost Problem
Gold sits above $4,293 an ounce, but Barrick's stock is really a bet on the spread over its $1,760-$1,950 cost guidance,…
News
Verizon’s 5.9% Yield: What the Payout Ratio Actually Says
Verizon pays 5.9% at 11.6 times earnings, numbers that usually signal a value trap. I checked free cash flow against the…
UPS
UPS at a 7% Yield: Priced for a Problem or Priced for Fear?
UPS yields almost 7% after freezing its dividend for the first time since 1999. I checked free cash flow against the pay…
News
DoorDash at 91 Times Earnings: What Has to Keep Going Right
DoorDash trades at 90.78 times trailing earnings while GAAP profit just fell 30% year over year. Here is the take-rate m…
LOW
Lowe’s (LOW) at a 52-Week Low: 16 Times Earnings, Flat Comps
Lowe's comps rose 0.2% while online sales jumped 15.7%, guidance was trimmed, and the stock sits at its 52-week low near…
News
Cigna at 11 Times Earnings: Most of the Business Is Not Insurance
Cigna trades near 11 times earnings against a five-year average of 16.8, yet about 86% of its revenue comes from Evernor…
HD
Home Depot (HD): Acquisitions Drive Growth as Comps Rise 1.7%
Home Depot grew sales 5.7% last quarter, but comparable sales rose only 1.7% and GMS supplied $1.4 billion of the gain. …
CVS
CVS Stock at 13.6 Times Forward Earnings: Is the Estimate Stale?
CVS Health trades at 23.4 times trailing earnings and 13.6 times forward earnings, and the raised 2026 guidance points l…