Core Insights - Salesforce, Inc. (CRM) generated free cash flow (FCF) that was 22% higher year-over-year in its fiscal Q3 ending October 31, indicating that CRM stock could be undervalued by 23% [1][4][6] Financial Performance - Q3 revenue rose 8.63% year-over-year to $10.259 billion, while 9-month revenue increased by 8.68% to $30.324 billion, with 94.8% of revenue coming from subscription and support services [3][4] - FCF for Q3 was $2.177 billion, up 22.4% year-over-year, and for the 9-month period, it increased by 5.35% to $9.079 billion [4][5] - The Q3 FCF margin was 21.2%, an increase from 18.4% a year ago, while the trailing 12 months (TTM) FCF margin rose to approximately 32% from 31.64% last quarter [4][5] Future Projections - Analysts project that next year's sales will rise by 10.5% from management's guidance of $41.55 billion to $45.80 billion [7] - Applying a 32% FCF margin to the projected sales results in an estimated FCF of $14.656 billion for the next 12 months, which is 21% higher than the market's expected run rate of $12.105 billion [7]

So, yes, this is a very large credit facility or bridge bridge facility for this deal, $59 billion. It's large, but Netflix is a very strong credit. Right.Netflix is a company you would want to lend money to. So Netflix has single-A credit ratings and very, very low leverage ratio. It's growing EBITDA, significant free cash flow.So Netflix is a very strong company, a very good borrower. So it's not surprising that banks would line up to lend them money. Steve, Eventually this bridge facility is going to be ...

Core Viewpoint - Netflix is securing a substantial $59 billion credit facility, reflecting its strong credit profile and low leverage ratio, making it an attractive borrower for banks [1][2][3]. Company Strength - Netflix holds a single-A credit rating and has a very low leverage ratio, which positions it favorably in the market for borrowing [1][6]. - The company is experiencing significant growth in EBITDA and generates substantial free cash flow, reinforcing its financial stability [1][7]. Market Dynamics - The investment-grade bond market is robust, providing Netflix with various financing options, including potential access to the loan market [3][5]. - There is a scarcity of Netflix bonds compared to other major communications companies, indicating a strong demand for its debt instruments [4]. Financial Flexibility - Netflix's debt-to-total capital ratio is very low, allowing for considerable flexibility in increasing leverage without jeopardizing its credit rating [9][10]. - The company can comfortably increase its leverage ratio from its current level, which is significantly lower than its peers like Comcast and Disney [9][10]. Future Outlook - Netflix is committed to maintaining its investment-grade ratings and plans to reduce its leverage to levels consistent with its single-A ratings within a few years after closing the deal [7].

Core Insights - The individual has a B.Tech degree in Mechanical Engineering and nearly twenty-five years of experience in the oil and gas sector, primarily in the Middle East [1] - The investment strategy is informed by traits of efficiency, carefulness, and discipline, developed through extensive industry experience [1] - There is a sustained interest in U.S. equity markets, focusing on technology, energy, and healthcare sectors [1] - The investment approach has evolved from growth investing to a blend of value and growth, emphasizing the understanding of business economics and competitive advantages [1] - The individual believes in the importance of allowing time and compounding to enhance investment returns, particularly in high-quality businesses [1] - A moderately conservative orientation is adopted, with a focus on minimizing downside risk as retirement approaches [1] - Recent rebalancing towards income-generating assets such as dividend-paying equities and REITs reflects a shift in investment priorities [1] - Investing is viewed as a means to achieve peace of mind, not just high returns [1] - The individual aims to engage with a community of investors interested in the intersection of business fundamentals and intelligent investing [1] - There is a commitment to investing in ecologically sensitive businesses, as represented by the chosen icon [1]

CooperCompanies | | | | FY26 Guidance | Q1 2026 Guidance | | --- | --- | --- | --- | --- | | | Total | $4,299 - | $4,338 | $1,019 - $1,030 | | | | (4.5% - | 5.5% organic growth) | (3% - 4% organic growth) | | e | | | | | | u n e | CooperVision | $2,900 - | $2,925 | $693 - $700 | | v | | (4.5% - | 5.5% organic growth) | (3.5% - 4.5% organic growth) | | e R | | | | | | | CooperSurgical | $1,399 - | $1,413 | $327 - $330 | | | | (4% - | 5% organic growth) | (2% - 3% organic growth) | | P | | | | | | A A | EPS | ...

The Home Depot, Inc. (HD) stock has had a large volume of short-dated out-of-the-money (OTM) calls today. This can be seen in Barchart's Unusual Stock Options Activity Report. It could signal that investors are bullish on HD stock. HD is at $359.64 in midday trading today. The stock peaked on Sept. 11 at $423.22, but it's up from a recent low of $332.38 on Nov. 21. That could provide a good opportunity for covered call plays in the next two days. More News from Barchart HD stock - last 3 months - Barchar ...

Over the years, I paid quite a lot of attention to the Invesco Bloomberg Analyst Rating Improvers ETF ( UPGD ) due to its fairly intriguing premises both before and after the strategy change inVasily Zyryanov is an individual investor and writer.He uses various techniques to find both relatively underpriced equities with strong upside potential and relatively overappreciated companies that have inflated valuation for a reason.In his research, he pays much attention to the energy sector (oil & gas supermajor ...

Core Insights - Newmont Corporation achieved a record quarterly free cash flow of $1.6 billion in Q3 2025, more than doubling year-over-year, driven by a 40% increase in net cash from operating activities [1][7] - The company has cautioned that Q4 cash flow may decline due to increased spending on water treatment at Yanacocha and planned severance payments [2][7] - Despite potential short-term cash flow pressures, Newmont's strong balance sheet supports ongoing growth initiatives and debt commitments [3] Financial Performance - Newmont's free cash flow exceeded $1 billion for the fourth consecutive quarter, with net cash from operating activities reaching $2.3 billion [1][7] - Comparatively, Barrick Mining Corporation reported a free cash flow of $1.5 billion, up from $444 million year-over-year, while Agnico Eagle Mines Limited recorded approximately $1.2 billion, nearly doubling its previous year's figure of $620 million [4][5] Market Position - Newmont's shares have increased by 143.5% year-to-date, outperforming the Zacks Mining – Gold industry's rise of 139.1% [6] - The Zacks Consensus Estimate indicates a projected earnings increase of 73.9% for 2025 and 18.3% for 2026, with EPS estimates trending higher over the past 60 days [10] - Newmont is currently trading at a forward 12-month earnings multiple of 12.8, which is about 4.8% lower than the industry average of 13.44 [11]

Core Insights - The VictoryShares Free Cash Flow ETF targets U.S. large- and mid-cap equities with strong free cash flow profiles using a rules-based approach [2][5] - Allworth Financial LP reduced its position in the ETF by selling 3,192,152 shares, valued at approximately $105.3 million, bringing its total holdings to 3,512,017 shares worth $131.7 million [2][3] - The ETF's assets under management (AUM) stand at $22.7 billion, with a trailing twelve-month dividend yield of 1.50% [4][6] Performance Metrics - As of December 1, 2025, VFLO shares were priced at $38.80, reflecting a 7.99% increase over the past year, but underperforming the S&P 500 by 5.52 percentage points [3][4] - The ETF's 1-year total return is 7.99%, which is lower than the S&P 500's return of 14.4% [9][10] - Since its inception in June 2023, the fund has returned 61%, matching the S&P 500's total return over the same period [10] Investment Strategy - The ETF employs a transparent, rules-based selection process, focusing on the top 50 stocks with the highest growth prospects based on sales, EBITDA trends, and long-term EPS growth estimates [5][10] - The fund's strategy begins with the largest 400 most profitable U.S. companies and narrows down to the top 75 highest free cash flow-yielding value stocks [9][10] - The ETF has an expense ratio of 0.39%, which is justified by its potential long-term returns despite the availability of cheaper alternatives [11] Market Position - VFLO now represents 0.58% of reported 13F AUM, down from 1.14% in the previous quarter [3] - The ETF is structured to provide daily liquidity and is designed for both institutional and retail investors seeking exposure to high-free-cash-flow equities [6][12] - Despite the reduction in Allworth Financial's stake, the ETF is positioned as a solid investment option for long-term investors interested in free cash flow-generating companies [12]

Freshpet Conference Call Summary Company Overview - **Company**: Freshpet - **Industry**: Pet Food - **Focus**: Fresh pet food made from real meats, vegetables, and fruits, sold in branded refrigerators in grocery and pet specialty stores [1][3] Key Points and Arguments Company Progress and Capabilities - Freshpet has made significant progress in building its manufacturing network and scaling the business, now guiding for positive free cash flow a year ahead of schedule [3][4] - Improvements categorized into three areas: personnel, systems, and processes [4][5] - **Personnel**: Expanded team with key hires including a new COO and enhanced finance and marketing teams [4] - **Systems**: Investment in data analytics and manufacturing operations to improve overall equipment effectiveness (OEE) [5][6] - **Processes**: Simplification of operations to enhance efficiency as the company transitions from $300 million to $1 billion in revenue [6] Financial Performance and Margins - Focus on operational efficiency is expected to drive gross margin improvements, with a target of 48% by 2027 [8][44] - Logistics costs reduced from 11.5% to 5.5% of sales, and quality costs decreased from over 6% to around 2% [48][49] - Yield improvements in production are a key driver for lowering input costs [49] Market Dynamics and Growth Outlook - The pet food category, particularly dog food, has experienced a slowdown due to consumer hesitance in making long-term commitments amid economic uncertainty [9][10] - There is a significant pent-up demand for pet ownership that is expected to be unleashed once consumer confidence returns [10][12] - The cat food segment is growing at 5-6%, as cats are perceived as lower maintenance pets [13] Strategic Initiatives - Freshpet is adapting its marketing strategy to emphasize value and the benefits of fresh food, targeting consumers willing to trade up in quality [15][16] - Focus on expanding distribution in high-traffic retail locations like Walmart and Costco [17] - Plans to increase household penetration from 2.3 million MVPs (Most Valuable Pet owners) to 3-5 million [22] Competitive Landscape - Freshpet anticipates increased competition in the fresh pet food space but believes its established brand loyalty and manufacturing capabilities provide a strong competitive moat [40][41] - The company has invested in diverse product offerings and a broad retail footprint to maintain its market position [41][42] Technology and Innovation - New manufacturing technology is expected to enhance product quality and operational efficiency, with initial products ready for shipment soon [50][54] - The company is optimistic about the potential for yield and throughput improvements from the new technology [56][58] E-commerce and Consumer Trends - Freshpet's e-commerce sales are growing, with a focus on meeting consumers where they prefer to shop, including DTC and partnerships with platforms like Instacart [66][71] - The company aims to improve customer acquisition costs while increasing the lifetime value of customers [76][77] Long-term Vision - Freshpet is committed to improving returns on invested capital and has achieved free cash flow positivity this year, marking a significant milestone [86] - The company views the current economic challenges as temporary and remains focused on long-term growth in a large and expanding total addressable market (TAM) [84][85] Additional Important Insights - Freshpet's marketing strategy has evolved to better resonate with consumers, focusing on the quality and value of its products [78][79] - The company has built a strong business foundation over the past decade, investing $1.3 billion to create a resilient operation [86]