PDL BioPharma Is A Solid Biotech Investment In A Friendly Regulatory Environment
PDL BioPharma (NASDAQ:PDLI) acquires and manages products, royalty agreements and debt facilities in the biotech space. It is in the process of changing its business into a specialty pharma holding company, similar to Valeant Pharmaceuticals (NYSE:VRX), Perrigo (NASDAQ:PRGO), Horizon (NASDAQ:HZNP), and Depomed (NASDAQ:DEPO). Most of these types of companies, including PDLI, have taken hits recently. […]
‘People Are Going To See There’s No Liquidity’: EM ETFs Face ‘Minsky Moment’
Back in April, we brought you something called “CitiWide Change Bank Is Back: Emerging Markets ETF Edition.” In that post, we lampooned (for the umpteenth time) the ridiculous notion that you can explain away an absurd underlying business model by citing “volume.” That argument is popular among those who defend the liquidity mismatch inherent in HY […]
7 Low Price-To-Sales Stocks To Bank On For Fabulous Returns
While Price-to-Earnings is the first thing to cross one’s mind while using valuation metrics, Price-to-Sales has emerged as a convenient tool to determine the value of stocks that are incurring losses or are in an early cycle of development, generating meager or no profits. Though a loss-making company with a negative Price-to-Earnings ratio falls out […]
Many Canadians In Over Heads Even Without Rate Increases
A new poll conducted on behalf of accountants MNP offers more sobering insight on the financial fragility of Canadian households. 27% of Canadians already ‘in over their head’ with mortgage payments: MNP. Here are some highlights: 30% say any drop in the value of their home will cause them financial difficulties. Even with no price drop […]
AUD/USD Technical Analysis: Price Testing Key Slope Support
AUD/USD Daily Technical Outlook: AUD/USD reversed off trendline resistance extending off the 2016 highs last month with the decline testing the lower parallel of this ascending pitchfork formation as support for the past few days now. The focus now turns against this region heading into the start of the week. Note that daily momentum is also at support and […]
Multiple Jobholders: Two Decades Of Trends As Of June
What are the long-term trends for multiple jobholders in the US? The Bureau of Labor Statistics has two decades of historical data to enlighten us on that topic, courtesy of Table A-16 in the monthly Current Population Survey of households. At present, multiple jobholders account for just 4.8 percent of civilian employment. The survey captures data for […]
Mall Stocks Hammered As Even Cheap Make-Up Fails To Lure Customers
This morning’s announcement of Abercrombie’s failed sale process served as a startling reminder of just how toxic mall-based retailers have become to investors in the post-Amazon era. News that not a single suitor was willing to touch the once high-flying, teenage-catering, cologne-infused, mall-based wonderland has wreaked havoc, yet again, today on retail apparel chains, with […]
Bernstein Latest To Upgrade PayPal With Years Of Outperformance Seen Ahead
The shares of PayPal (PYPL) are climbing after research firm Bernstein upgraded the stock to Outperform from Market Perform, saying that the company is poised to outperform over the next several years. LONG-TERM OUTPERFORMER: PayPal is probably at the beginning of a multiple year stretch of outperformance, contended Bernstein analyst Lisa Ellis. The company’s long-term […]
Market Correction
Long-time readers know of Lindsay’s long cycle (points A through M) and that equities should now be in the final basic advance between point I and the secular bull market top at point J. A basic advance is the equivalent of a cyclical bull market. A basic decline is usually the equivalent of a cyclical […]
June 2017 Conference Board Employment Index Declines
The Conference Board’s Employment Trends Index – which forecasts employment for the next 6 months declined with the author’s saying “despite the June decline in the Employment Trends Index, job growth will remain strong in the coming months“. Analyst Opinion of Conference Board’s Employment Index Econintersect evaluates year-over-year change of this index (which is different than […]
