#Stocks

Academic evidence on trading strategies and insider transactions

Integer Investments

Sep 14, 2020
6 min

Academic evidence on trading strategies and insider transactions

Insiders often buy or sell shares in their companies. These events are considered by many as indicative of future performance. However, academic evidence shows mixed results stemming from insider trading strategies. Here we propose six lessons that can be learned from academic evidence. This article will summarise our current understanding of trading strategies and signals based on insider transactions. Insider trading involves trading in a public company's stock by someone w

Integer Investments

Apr 7, 2020
5 min

Companies we are buying: WIX

We entered this market with a conservative portfolio, but we are now adding a position that we think provide long-term value: Wix.com

Integer Investments

Mar 22, 2020
5 min

What stocks to buy in this market

We are starting to build positions in high quality companies at reasonable valuations. Here we provide some ideas.

What does Warren Buffett think about the current market?

Integer Investments

Mar 12, 2020
7 min

What does Warren Buffett think about the current market?

I will try to summarize Warren Buffett thoughts, and put them in perspective to our investment position.

Integer Investments

Mar 9, 2020
6 min

Market update: From bad to worse

The oil market has tanked 21% in one day The situation might quickly deteriorate if it is not resolved soon We explain the current market dynamics and risks On March 2 we wrote a letter to give you an update on market movements and how we are positioned to best deal with it. The situation is fast moving. New cases are emerging on a daily basis and, most worrying, is the fact that tens of countries have hundreds of new virus cases. Below we report the case increases from a wee

Integer Investments

Mar 1, 2020
16 min

Letter to investors

The coronavirus is worrying investors Markets have declined 15% from their peaks We were cautious before the pandemic, and we continue ...

A Balance Sheet Analysis of the Major Australian Banks (ANZ, CBA, NAB, WBC)

Cristiano Bellavitis, Ph.D.

May 8, 2018
1 min

A Balance Sheet Analysis of the Major Australian Banks (ANZ, CBA, NAB, WBC)

- What is a balance sheet? - Some facts about the GFC in the U.S. - A comparison of the balance sheet composition of the main Australian banks See here for the full article. #Stocks #stockmarket #KimberlyClark #Unilever

Berkshire letter: A summary and a few comments

Cristiano Bellavitis, Ph.D.

Feb 25, 2018
6 min

Berkshire letter: A summary and a few comments

As every year, Buffett disclosed his annual letter to shareholders. Below we summarize the main key points. Year to date Berkshire A-shares returned 2.16% vs 2.75% for the S&P 500. Over the last 12 months, it has returned 19.19% vs 16.05% for the index. Operating performance Berkshire’s gain in net worth during 2017 was $65.3 billion, which increased the per-share book value of both Class A and Class B stock by 23%. But only $36 billion came from Berkshire’s operations. The r

Is Kimberly-Clark Corporation anything more than an income stock?

Ben Roberts

Nov 14, 2017
8 min

Is Kimberly-Clark Corporation anything more than an income stock?

- The company is relatively cheap compared to the Consumer Staples market. - Low organic growth has posed problems for the company - Dividend Yield has reached an attractive 3.41%. - Here we discuss the growth outlook for Kimberly-Clark and the companies value proposition outside of its dividend. - Our price target is $100. Introduction Kimberly-Clark Corporation (NYSE: KMB) is a leading manufacturer of personal care and tissue products. Its brands include Huggies, Pull-ups,

Ben Roberts

Nov 14, 2017
1 min

Disney: Earnings Expectations

Disney (NYSE:DIS) is one of the best brands in the world and has grown significantly over the past two decades, transforming itself from a minor film studio to one of the largest multimedia conglomerates. The company recently announced a shift toward direct-to-consumer distribution and is planning to launch an ESPN-branded streaming platform in 2018 and a Disney-branded platform in 2019. The company also held now abandoned talks with 21st Century Fox (NASDAQ:FOXA)... To conti

Alphabet's Earnings: High Profitability Even As Key Metrics Worsen

Callum Lo

Oct 31, 2017
1 min

Alphabet's Earnings: High Profitability Even As Key Metrics Worsen

- Google plans to release its quarterly earnings on October 26. - Two key metrics, cost per click and traffic acquisition cost, worsen faster than expected. - Despite this, revenue and earnings also beat expectations. - Other Bets narrows its loss. To read the full article click here. #Stocks #stockmarket #google #alphabet

What To Expect From Alphabet's Upcoming Earnings

Callum Lo

Oct 26, 2017
1 min

What To Expect From Alphabet's Upcoming Earnings

-Google plans to release its quarterly earnings on October 26. - Key metrics such as cost-per-click and traffic acquisition costs are expected to worsen. - Revenue from Other Bets are projected to grow significantly. To read the full article click here. #Stocks #stockmarket #google #alphabet

Jesse Medcalf

Oct 24, 2017
1 min

Microsoft Earnings Expectations

- Microsoft is expected to release its latest quarterly earnings on Thursday, October 26. - Analysts are expecting EPS of $0.73 for the quarter, a drop from the same quarter last year of $0.76. - Last quarter, Microsoft was able to beat expectations on the back of Azure and growth in the cloud. - Whether this can continue at the same pace will be the key to how its stock price will respond. To read the full article click here. #Stocks #stockmarket #microsoft #earnings #xbox

How Does Fortinet Stack Up Against Cisco?

Jesse Medcalf

Oct 23, 2017
1 min

How Does Fortinet Stack Up Against Cisco?

- The cybersecurity market is growing, and a number of key drivers point to continued industry growth. - Fortinet has a differentiated product and service suite that is currently competing well with larger players, building up a large pool of deferred revenue. - Future growth justifying its price will have to come from Fortinet continuing to establish its niche and a positive consumer response to innovations such as Fabric. - We recommend a SELL on the stock and target price

Disney: Is Long-Term Growth A Possibility?

Ben Roberts

Oct 23, 2017
1 min

Disney: Is Long-Term Growth A Possibility?

- The company now trades at a near 20% discount to the market. - Disney’s shift towards direct-to-consumer distribution could provide huge potential upside. - The company's FY18/19 release schedule and strength of Parks and Resorts will have a positive impact on future earnings growth. - Here we discuss the qualitative factors that we believe will drive Disney’s growth with specific focus on the Studio Entertainment and Parks and Resorts segments. - Our target price is $110.

Update On Antares Pharma, Post Complete Response Letter

Jennifer Chin

Oct 23, 2017
1 min

Update On Antares Pharma, Post Complete Response Letter

- The U.S Food and Drug Administration issued a CRL to Antares Pharma on the 20th Oct in regard to their drug: XYOSTED. - Concerns about blood pressure and psychological side effects emerged. - Here we evaluate possible outcomes. Guest post by Jennifer Chin. The views and opinions expressed in this article are those of the author and do not necessarily reflect the position of Integer Investments. To read the full article click here. #Stocks #stockmarket #antarespharma

Antares Pharma: A Company To Keep An Eye On

Jennifer Chin

Oct 22, 2017
1 min

Antares Pharma: A Company To Keep An Eye On

- Antares Pharma Inc.’s QuickShot Testosterone (XYOSTED) is awaiting Phase 3 approval by the FDA for treatment of low testosterone levels associated with hypogonadism. - On the 12th of October, the company announced that it had received notice from the FDA which identified deficiencies that will prevent the drug from moving forward. - Here I evaluate Antares' prospects. Guest post by Jennifer Chin. The views and opinions expressed in this article are those of the author and d

Can Security Drive The Turnaround At Cisco?

Jesse Medcalf

Oct 4, 2017
1 min

Can Security Drive The Turnaround At Cisco?

- Cisco is attempting to pivot towards the security market as part of an overall product restructuring. - Progress is slow, and security still makes up a small proportion of Cisco’s revenues. - Claims that the company can base a quick turnaround on this market category should be met with some caution. To read the full article click here. #Stocks #stockmarket #cisco #security

Callum Lo

Aug 3, 2017
1 min

Alphabet: Other Bets

- Alphabet’s Other Bets division has struggled to generate positive cash flows. - Despite this, investing in projects that require scale to absorb risk fits with Alphabet’s competitive advantage due to its immense size. - Alphabet must communicate to shareholders how its Other Bets portfolio benefits its core business, or it will need to start generating individual successes soon. To read the full article click here. #Stocks #stockmarket #google #alphabet

Is Google At Risk Of Losing Its Dominant Position?

Callum Lo

Jun 13, 2017
1 min

Is Google At Risk Of Losing Its Dominant Position?

- Voice search is a threat to core search business, along with other trends. - However, voice search will not be feasible for all search requests. - Data collection also has the potential for wide monetisation. To read the full article click here. #Stocks #stockmarket #Disney #ESPN