Finding a company that regular sports a zero net-debt position on its balance sheet has not been easy over the past few years. The big technology firms look like the obvious exception to that rule, as do the large payment processors. That brings me to Mastercard (MA) stock, which ended…

AT&T (T) seems like another good defensive stock with a strong buy case right now. I note the Dallas-based telecom giant has fallen 25% since the start of the month. Of course, most stocks have suffered a similar fate. Indeed many are down much more than that. Now, things may…

Media firm ViacomCBS (VIAC), the owner of assets such as Paramount Pictures, CBS and Nickelodeon, is one in a long line of stocks that are now priced for destruction. It trades for 3x estimated 2020 underlying earnings of around $5.30 per share (pre-COVID-19). That isn’t a typo by the way. The company’s…

Things look crazy out there. Whole industries: commercial airlines, hospitality and so on, look like they could go to the wall absent bailouts. Remember that Wendy’s piece I published when it was trading at $22? That was just two months ago. The stock now trades for under $11 a share.…

It has been a while since I looked at Molson Coors (TAP), the owner of well-known beer brands like Coors Light, Miller and Carling. Like the market in general, it is down heavily over the past month or so. If my math is right then I make the drop equivalent to just under 25% –…

A week feels like a really long time at the moment. Although I posted seven days ago, much of the content surrounding coronavirus already feels obsolete. Completing a house move this week may prove great timing in hindsight! I can now get back to posting more regularly as well. Anyway,…

I wanted to add some more meat to Sunday’s post on Anheuser-Busch InBev (BUD). Broadly speaking, two things have bugged me with this stock. The first is that the pre-SABMiller acqusition profit targets proved wildly optimistic. I mean I just went over an old research note from the merger which…

Like most of you I have been following the market carnage over the past week or so. As fate would have it I’m actually in the middle of a house move so haven’t been able to write much. Anyway, where to begin? There’s no doubt the economic situation is bad…