Here are some note from this week’s Barrons:<\/p>\n
Following up on the WSJ article recently, Barron’s writes that Ebay could climb 20%. Cantor Fitzgerald called Ebay its top Internet value play for 2014. Sells for 19x this years forecast with a mid-teens earnings growth rate. Has net cash of $6b and should generate $4b\u00a0in free cash next year. Using 2015 estimates, 14x EPS and 13x FCF.<\/p>\n
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YPF, an oil Company at Argentina might be significantly undervalued. The stock sells at $29 but has significant shale reserves that haven’t been tapped yet. Downside is the crazy government.<\/p>\n
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Read Gene Epstein’s commentary on the budget deficit, “The Budget Deal Stabilizes Nothing,” as a reminder of how dangerous our nation’s lack of fiscal discipline is.<\/p>\n
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Bullish on 2014 – Barron’s spoke to 10 strategists and they have a mean target of 1977. Expecting SP profits to advance by 9% to $118, GDP +2.7%.<\/p>\n
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Interview with Ned Davis, Lance Stonecypher and Timothy Hayes<\/p>\n
They see a correction approaching, in the 20% range, followed by a good buying opportunity. Fed tapering with rates going up to 3.25 to 3.5% on the 10 year, might be enough to set off the correction. See GDP improving. Drop will be similar to 2011 20% drop. So the market might be down short term but will be good long term.<\/p>\n
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Here are some note from this week’s Barrons: Following up on the WSJ article recently, Barron’s writes that Ebay could climb 20%. Cantor Fitzgerald called Ebay its top Internet value play for 2014. Sells for 19x this years forecast with … Continue reading