Yearly Archives: 2015

PBF ENERGY INC. (PBF-NYSE, $30.69). A Cyclical Addition at the Pullback.

PBF ENERGY INC. has been added to the Global Portfolio. Shares Outstanding 86 million. Enterprise Value of $3.63 billion. EBITDA forecast for 2015: 850 million 2015 forecast EV/EBITDA ratio: 4.4X. Proforma Shares Outstanding : 96 million. Enterprise Value: 4.70 billion

Posted in Portfolio Model Subscription

PBF Energy Inc. (PBF-NYSE, $30.69). A Potential Move from Small-Cap to Mid-Cap.

PBF Energy Inc. is a pure play on refining in the United States. Two recent acquisitions, one of which is to be funded with a smallish equity component, have been announced in the last three months. The terms of both

Posted in Open Blog

Large Cap Account Return of (1.44%) for Quarter Ended 09/30/2015. Nine Month Total Return Stands at +6.6%.

The Large Cap Global Growth account generated a loss of 1.4% for the three months ended Sep 30th, 2015. This compares quite favorably to all indexes in the representative sample. At the close of business on the 30th of September,

Posted in Portfolio Model Subscription

Guerbet Group Sa. (GBT-PA, 63.65 Euro). Guidance Raised for 2015.

Revenue, for the first six months of 2015, rose by 12.2%. EBITDA margins now exceed 20.5% of revenue. http://www.guerbet.com/en/our-group/news/2015/news/article2/2015-half-ye.html http://www.guerbet.com/fileadmin/user_upload/home/news/2015/CA/CP_RS_2015_22_09_2015_VA.pdf

Posted in Open Blog

Guerbet Group (GBT-PA, $62.25 EU). An Inexpensive Transformational Acquisition.

All numbers and estimates expressed in Euro, unless otherwise specified. http://www.guerbet.com/en/our-group/news/news-2012/news/article2/acquisition.html http://www.fiercemedicaldevices.com/story/mallinckrodt-sell-contrast-business-french-imaging-player-guerbet-270m/2015-07-28 Guerbet Group has roughly 12.2 million shares outstanding. The 2014 trailing EV is $820 million Euro. 2014 EBITDA was expressed at $67.7 million Euro, which is an EBITDA

Posted in Portfolio Model Subscription
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