Posted on 3/30/20
New York Community Bancorp: Modestly Undervalued But Dividend Limits Long Term Appeal
SummaryNew York Community Bancorp's shares have declined back to an attractive valuation.The company will almost certainly benefit from low benchmark interest rates although not to the . . .
Posted on 12/11/19
B&G Foods: A Pea Could Crush The Dividend
Summary B&G Foods' recent primary attraction has been an exceptionally high dividend yield. The company's operating challenges, however, and thin excess cash flow position has led . . .
Posted on 12/11/19
B&G Foods: A Pea Could Crush The Dividend
SummaryB&G Foods' recent primary attraction has been an exceptionally high dividend yield.The company's operating challenges, however, and thin excess cash flow position has led to speculation . . .
Posted on 11/4/19
GNC: A Sense Of Deja Vu
SummaryGNC's third quarter results continue to be in line with expectations.The company's debt levels, refinancing schedule, and financial metrics are largely tracking our projections from the . . .
Posted on 6/28/19
New York Community Bancorp: A Stagnating Bank
SummaryNew York Community Bancorp has looked inexpensive for some time based on the significant decline in the share price and robust dividend.However, the company's compound average . . .
Posted on 4/2/19
General Electric: A Financially Absent Board
Summary General Electric's proposed nominees for the board of directors include four individuals with no outright ownership of the company's common shares. The situation has become . . .
Posted on 4/2/19
General Electric: A Financially Absent Board
SummaryGeneral Electric's proposed nominees for the board of directors include four individuals with no outright ownership of the company's common shares.The situation has become worse with . . .
Posted on 2/19/19
GNC: Short Interest Declines And Joint Venture Delays
Summary GNC has been rather quite recently in terms of news. However, short interest continues to fall at a reasonably consistent (and largely uninterrupted) pace. The . . .
Posted on 2/19/19
GNC: Short Interest Declines And Joint Venture Delays
SummaryGNC has been rather quite recently in terms of news.However, short interest continues to fall at a reasonably consistent (and largely uninterrupted) pace.The full closing of . . .
Posted on 12/14/18
GNC: The Long-Term Debt
Summary GNC's debt burden is substantial even after the closing of all preferred stock transactions. The company has the ability to meaningfully reduce debt over the . . .
Posted on 12/14/18
GNC: The Long-Term Debt
SummaryGNC's debt burden is substantial even after the closing of all preferred stock transactions.The company has the ability to meaningfully reduce debt over the coming year . . .
Posted on 11/13/18
GNC: Short Squeeze, Interrupted
Summary The oft speculated yet ever illusive short squeeze remains so based on third-quarter results. The staged preferred stock transaction suggests the company may try to . . .
Posted on 11/13/18
GNC: Short Squeeze, Interrupted
SummaryThe oft speculated yet ever illusive short squeeze remains so based on third-quarter results.The staged preferred stock transaction suggests the company may try to redeem $50 . . .
Posted on 9/10/18
GNC: An Increasingly Dangerous Short
SummaryGNC’s share price has declined greatly over the last few years as the business has deteriorated and risks multiplied in the face of generally negative sentiment . . .
Posted on 9/5/18
GNC's National Security Exposure
SummaryGNC may have greater exposure to national security concerns liable to attract attention in a CFIUS review than would be expected for a supplements and vitamins . . .
Posted on 6/22/18
GNC: Our Valuation
In prior articles, we committed to presenting our updated valuation for GNC (GNC). Our core methodology is similar to our earlier approach in valuing the company . . .
Posted on 6/18/18
Bar Harbor Bankshares Loses Some Luster
Bar Harbor Bankshares (BHB) is a community bank headquartered in Bar Harbor, Maine, primarily serving coastal Maine and, through its recent acquisition of Lake Sunapee Bank . . .
Posted on 6/4/18
GNC: Beating Low Expectations
GNC (GNC) reported first-quarter earnings, and while the company matched our internal first-quarter earnings estimates, this was partially the effect of underestimates in gross margin and . . .
Posted on 2/27/18
GNC Finds A Lifeboat
GNC Holdings (NYSE: GNC) has been on a rollercoaster ride over the last two months as the company pre-announced positive same-store sales and earnings, followed up . . .
Posted on 12/21/17
GNC: The Effective Tax Dilemma
We were recently honored with a special mention by our fellow Seeking Alpha contributor, Courage & Conviction Investing, in his article “GNC: Thinking About A Buyout . . .
Posted on 12/18/17
GNC: Acquisition Or Bust
GNC (NYSE: GNC), having recently pulled its latest refinancing effort in the face of untenable loan terms, continues its march into the unknown. The hiring - . . .
Posted on 12/18/17
GNC: The Tax Man Cometh
In prior articles, we have discussed the potential impact on GNC (NYSE: GNC) of proposed modifications to the corporation tax structure in the United States, especially . . .
Posted on 11/9/17
GNC: A Skeptic's Case
In prior articles, we have written extensively (and sometimes critically) about GNC (NYSE: GNC) and various aspects of the company’s operations. We have complemented management for . . .
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