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ATKR remains a deeply moated business, with competitive positioning across most business lines. Supply constraints from the pandemic have hampered their competitors and led to huge increases in pricing. We believe that ATKR will deliver market-beating results over the next five years.
The Company has gained tremendous momentum, yet is still only trading at 3.5x FWD P/E multiple. TX trades at a significant discount compared to its industry peers. In fact, the Company is undervalued by 50% or more across several key metrics: P/E, EV/EBITDA, Price/Sales, etc. Volatility in the market, and a general correction of steel prices will allow for a more attractive entry price (<$50.00). We recommend waiting for a pull-back before building a position in this stock.
I won’t challenge the fact that Carvana’s growth has been impressive. We believe that a combination of positive sales growth and EBITDA margins could be the green light that investors need to pull the trigger on this stock. For investors focused on the long-term, the coming downward shift in used car prices may not hold the Company back.
The Investor Weekly is neutral on this stock at current levels. We are, however, willing to take a small position and wait on positive 2022 EPS and revenue revisions before scaling up. In doing so, I believe that crypto is in its infancy and Coinbase has established itself as a trusted service. We believe that Coinbase is a worthwhile buy if you can stomach the volatility of the underlying assets.
SOC Telemed is a takeover target. The Company received some press during the COVID Pandemic, but has since fallen off the radar.
Zebra (“ZBRA”) is the leader in enterprise data capture through its barcode printers, scanners, and handheld readers. The Company maintains a strong market share and its ability to adapt allows them to continue to be competitive.
Vuzix is a supplier of wearable display technology, virtual reality (“VR”) and augmented reality (“AR”). AR technology is still at a relatively early stage and is expected to be a megatrend during this decade.
FTNT is benefiting from a huge increase in cybersecurity spending, which is expected to reach $120 billion this year and grow at a double-digit pace for the foreseeable future. The need for cybersecurity is at an all-time high and that presents a long-term opportunity for companies with the knowledge to combat it.
Upstart is an all-digital lending platform that uses artificial intelligence to determine a borrower’s creditworthiness. UPST connects consumers to AI-enabled bank partners.
Danaos (“DAC” or “the company”) provides seaborne transportation services to many of the world’s largest liner companies.
DAC is up more than 200% year-to-date and an eye-popping 1,500% over the past 12 months.