Daily Brief United States: Blackstone Real Estate Income, Amer Sports , Schlumberger Ltd, Bitcoin Pro, Ma Com Technology Solutions, Monday.com , Kbr Inc, Coherent Inc, Dolby Laboratories Inc Cl A, Duolingo and more

Key points (machine generated)

• The implied cap rate of less than 4% for “cats and dogs” in the real estate market seems unusually low, given the risks and uncertainties involved.
• Redeeming from BREIT and utilizing their liquidity provisions would allow investors to sell at prices higher than the year-end 2021 valuation, suggesting a potential opportunity for profit.
• Taking advantage of this opportunity could be a wise move considering the potential risks associated with the real estate market.

This article is sourced from an online content aggregator through publicly available sources and is displayed below for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

• The biggest risk for Amer Sports is its excessive leverage. It had net debt of $5.9 billion and equity of only $8.8 million at the end of 3Q 2023.
• Many investors are likely to emphasize the negatives more (especially the excessive leverage and inconsistent operating margins), rather than the positives such as China representing increasing percentage of total sales. 
• Amer Sports is trying to raise nearly $1 billion in this IPO which could value the company at about $10 billion. 

• Growth is expected to be fueled by robust performance in international markets. Management expects revenue growth for 2023 to cross 15% YoY.
• Pretax operating margins in Q42023 to get a boost from higher year-end digital sales and seasonal product and equipment sales.
• The analyst consensus on the stock’s growth is overwhelmingly bullish given the expectation of strong growth in international and offshore segments.

• The cryptocurrency industry is still buzzing with excitement after the recent approval of 11 Bitcoin spot ETFs last week.
• As these ETFs have been trading for a week now, their current performance and net inflows are now available for our consumption.
• This analysis will focus more on visual charts and less on text, a departure from my usual style, as the market seems to have had its fill of lengthy discussions on ETFs, which now feels akin to listening to a repetitive story from a friend or, even more tiresome, your mother-in-law.

• This is our first report on MACOM, a renowned semiconductors manufacturer in the U.S.
• The management of the company is focused on the firm’s performance over the fourth quarter and the full fiscal year of 2023, as well as on prospects for the first fiscal quarter of 2024.
• MACOM reported $150.4 million in revenue for the fourth quarter, with an adjusted EPS of $0.56 per diluted share along with $648 million in revenue and an adjusted EPS of $2.70 for the full fiscal 2023.

• This is our first report on Monday.com, a well-known team management platform for organizations and businesses.
• In the third-quarter fiscal year 2023 earnings, Monday.com reported robust growth, considerable margin improvement, and substantial cash generation.
• The company shares that they achieved a record non GAAP operating margin of 13% and free cash flow margin of 34%.

• This is our first report on KBR Inc, a renowned provider of scientific, technology, and engineering solutions to governments and commercial customers.
• The company’s third Quarter 2023 earnings conference call shared interesting highlights about the company’s progress and future prospects.
• KBR’s President and CEO, Stuart Bradie, emphasized on the company’s Zero Harm moment, highlighting KBR’s commitment to space sustainability and security.

• This is our first report on major manufacurer of engineered materials and optoelectronic components, Coherent Corp.
• Its recent earnings call, several key topics of discussion included the firm’s financial performance, market trends, and future outlook.
• In terms of financial performance, Coherent reported revenue of $1.053 billion in Q1 FY ’24, slightly above the midpoint of their guidance, with an operating cash flow of $199 million marking an improvement over both the sequential and year-over-year figures.

• Dolby Laboratories had an intriguing fourth quarter for the 2023 fiscal year, highlighted with both positive and negative factors that play into its future investment potential.
• The company saw solid growth in its Dolby Atmos, Dolby Vision, and imaging patents, building a strong foundation for them to leverage long-term growth.
• In this report, we have carried out a fundamental analysis of the historical financial statements of the company.

• Duolingo, a leading language learning app inventor, recorded a spectacular Q3.
• The company’s revenue growth has caused it to revise earnings predictions upward, forecasting a 40% year-over-year growth.
• In this report, we have carried out a fundamental analysis of the historical financial statements of the company.