Ulta Beauty ($ULTA): Waiting for Strategic Clarification : When I started to analyze Ulta Beauty (ULTA) my first feeling was “this is probably a great opportunity: a nice business with its stock trading down ~30% from its peak and at one of its lowest PE ratios over the last years (or even decades)”.
July 27, 2024, 11:34 a.m.
while WE slept: Bonds modestly softer in a continuation of the prior day’s losses; month-end extensions recon; BI says: awaiting bull steepening, 10s TO 3.79 by y/e & 1st CUT in NOV: Good morning … Today’s dance card is highlighted by $44b 7yr USTs … 7yy: watching bearish momentum and 4.40% (near TLINE and mid range) middle of the recent range (5.00 - 3.80) is just about 4.40% and is beckoning and this as momentum (stochastics, bottom panel) remains a BEARISH — higher yield — input)l and so … pe
June 27, 2024, 10:44 a.m.
Madison Dearborn Takes APM Back Into The Fold: APM Human Services (APM AU) and US PE-outfit Madison Dearborn Partners, holding ~30%, have entered a Scheme at A$1.45/share, in cash. That's a 74.7% premium to undisturbed; and a $0.05/share increase over Madison Dearborn's April 8th A$1.40/share NBIO, a price the Independent Board Committee (IBC) previously considered disappointing.
June 3, 2024, 1:33 a.m.
Closing Nameson: Short and sweet, closing Nameson holdings (1982:HK) here, stock is up 43% on no news, and trading at 5.5x 2024 earnings and a likely 13% dividend yield. I wouldn’t put a higher PE multiple than 5-6x on a stock like this, given that they are a no growth knitwear exporter with significant customer concentration. Was a nice quick trade that worked out faster than expected. Chinese stocks are treating me very well so far.
May 9, 2024, 2:26 a.m.
