This was a quiet week, with no earnings reports or ratings changes.
Friday, June 25, 2021 Subscribers-Only Podcast
Covering recent news and analysis for our portfolio companies and other topics relevant to value investors.
Today’s podcast is about 7½ minutes and covers:
- Macy’s (M) shares under review as they now trade about 7% above our 18 price target.
- Brief updates on:
- General Electric (GE) – Euro-regulators to decide by July 26 whether to approve the sale of GE’s aircraft leasing operation to AerCap.
- General Motors (GM) – EV sales in China, and the U.S. EV infrastructure bill. We’re also starting to think about an exit from GM shares.
- Toshiba (TOSYY) – The chairman is out after a shareholder vote. Also, the company is looking to complete its IPO of the Kioxia business in September.
- Western Digital (WDC) – The Kioxia IPO may clarify Western’s strategic position.
- Wells Fargo (WFC) – Passed the Fed’s stress test.
- Albertsons (ACI) – Partnership with DoorDash.
- Gannett (GCI) – Doing an NFT sale.
- Drip-Quip (DRQ) – Adding a Microsoft executive to its board.
- Credit-Suisse (CS) – More chatter about a deal with UBS. The fading of the SPAC fad may hurt CS.
- Please join us at the 9th Annual Cabot Investor Conference, August 17-19, online this year.
- Elsewhere in the Market:
- Visit to Lordstown Motors factory and the Ultium (GM and LG Chemical) factory in northeast Ohio.
Lordstown, Ohio field research:
Please feel free to share your ideas and suggestions for the podcast with an email to either me at bruce@cabotwealth.com or to our friendly customer support team at support@cabotwealth.com. Due to the time limit we may not be able to cover every topic each week, but we will work to cover as much as possible or respond by email.
Disclosure: The chief analyst of the Cabot Turnaround Letter personally holds shares of every Rated recommendation. The chief analyst may purchase securities discussed in the “Purchase Recommendation” section or sell securities discussed in the “Sell Recommendation” section but not before the fourth day after the recommendation has been emailed to subscribers. However, the chief analyst may purchase or sell securities mentioned in other parts of the Cabot Turnaround Letter at any time.