GENERALIST BUY-SIDE EQUITY RESEARCH
This page shows examples of my previous generalist stock picks and the performance of my long only and long/short portfolios on the buy-side, I've also thrown in a paper I wrote about applying regression analysis on relative valuation multiples to screen for potentially over or undervalued stocks. For more information about my sell-side coverage of the U.S. natural gas midstream sector, please go to the Energy page of this website.
Previous Buy-Side Research
Previous Buy-Side Portfolios
PetMed Express (PETS) - Buy
This comes from a template I built in Excel and encapsulates the information and analysis I like to consider in analyzing stocks. I got the idea from my regression based stock screen.
Popeye's Louisiana Kitchen
(PLKI) - Buy
Stock traded under the name AFC Enterprises (ACFE) and traded at a touch above $5/sh. when I recommended it in 2009. PLKI closed at $55.47 on 4/22/16.
General Mills (GIS) - Buy
Placed a buy recommendation in January 2008 when the stock traded at $55, with an intrinsic value estimate of $69. GIS reached $70/sh. later that year before falling back.
Coca-Cola FEMSA (KOF)
- Buy
My favorite international stock selection from my buy-side days. I put a buy recommendation on KOF in August 2007, when the company traded at $38/sh. KOF closed on 4/22/16 at $85.61.
Long/Short Portfolio
This is a model portfolio of stocks I selected as a basis for a L/S hedge fund my firm was planning to establish.
Long Only Portfolio
This model portfolio based on my equity research and recommendations served as an ongoing list of stocks from which our various financial advisors could choose for their clients' portfolios.
White Paper on Regression-Based Stock Screen
Here's a paper I wrote in 2008, which details how I use regression analysis on relative valuation multiples to find over or undervalued stocks. In a nutshell, the regression suggests what a particular multiple (such as P/E, EV/EBITDA, etc.) should be for a company. The greater the difference between a regression determined and an actual multiple, the greater the chance that stock is mis-priced.
Please see the Energy page for examples of my former sell-side natural gas midstream equity research.