Based upon the information provided at the meeting and our increased estimates through 2015, we are increasing our target yield expectation for ACMP to 3.8% which results in an increase in our target price. . . The 3.8% target yield is still a premium to the drop-down growth opportunities shown by Western Gas (NYSE: WES) (current yield 3.5%) and EQT Midstream (NYSE: EQM) (current yield 3.1%).
We think there is a particularly compelling case at J.P. Morgan (NYSE:JPM) [to split the roles] because the time requirement for the chairman of the board is or should be a full-time job
As a listed company on the NYSE, we are regularly required to file information with the US Securities and Exchange Commission. This is a routine regulatory filing required by the SEC for the purpose of disclosing potential risks that may affect investors and is not a new development.
This new valuation implies ~12x EV/Rev. and 40x EV/EBITDA on our FY:13 estimates, which compare favorably to those of similarly high-growth Internet companies including LinkedIn (NYSE: LNKD) and Yelp (NYSE: YELP). This valuation translates into ~$12.5B for YHOO's 24% stake, after-tax, or an additional contribution of ~$3/share to our price target
No Dow 15,000 hats on TV. No media trucks lining the street outside the NYSE or Nasdaq to cover the milestone.
Radian Group (NYSE: RDN ) is unstoppable! I started buying at $2.40 and now my options are on fire. When is a good time to start selling puts? I've got a $20 handle but would love to hear from someone.
I have an iPhone in my pocket ... but I don't know what I'll have in there 10 years from now. I do think, though, that Procter & Gamble (NYSE: PG ) will still do well selling detergent.