Skip to main content

Looking for Value, Part 2a) The Industries

I'm looking at the the industries that make up the telecom sector in this phase of this top-down analysis,  .

The INVRS software divides the sector into three industries: wireless, major and specialty.  The sector has close to 500 securities.

When I create a portfolio for analysis, I use the "advanced search" feature on the research dashboard page which gives a list of every publicly company in North American in the particular industry and sector I'm looking at.  I then weed out micro-cap companies and ones not trading on an American exchange (this is a US analysis).  From this smaller list I read the profiles of each company and remove those who operate in a different jurisdiction.

Here are the peer groups:

Major Telecom Peer Group:

Stock Name (Symbol)Last PriceMarket Cap
Verizon Communications Inc.(VZ:XNYS)$52.47216.8027B
AT&T Inc.(T:XNYS)$32.26234.1997B
Shenandoah Telecommunications Company(SHEN:XNAS)$36.001.7841B
Consolidated Communications Holdings, Inc.(CNSL:XNAS)$11.26802.3040M
BCE Inc. (USA)(BCE:XNYS)$40.5136.3777B
Alaska Communications Systems Group, Inc.(ALSK:XNAS)$1.7593.0720M
ATN International, Inc.(ATNI:XNAS)$69.981.1167B
Cincinnati Bell Inc.(CBB:XNYS)$11.55490.1838M

Specialty Telecom Peer Group:

Stock Name (Symbol)Last PriceMarket Cap
Windstream Holdings, Inc.(WIN:XNAS)$4.92210.0840M
West Corporation(WSTC:XNAS)$23.501.9639B
Zayo Group Holdings, Inc.(ZAYO:XNYS)$37.709.3746B
Vonage Holdings Corp.(VG:XNYS)$13.663.2623B
RigNet, Inc.(RNET:XNAS)$13.30256.2908M
Pareteum Corp(TEUM:XASE)$2.66148.1620M
Straight Path Communications, Inc. Class B(STRP:XASE)$183.372.3411B
ShoreTel, Inc.(SHOR:XNAS)$7.50514.9275M
SigmaBroadband Co.(SGRB:OOTC)$0.351.7587B
New Ulm Telecom, Inc.(NULM:OOTC)$19.99103.2338M
Ooma Inc(OOMA:XNYS)$16.20315.9000M
LICT Corporation(LICT:OOTC)$13900.00282.2256M
Level 3 Communications, Inc.(LVLT:XNYS)$53.6319.3861B
Lumos Networks Corp.(LMOS:XNAS)$17.98430.3693M
Liberty Broadband Corp. Class A(LBRDA:XNAS)$79.0614.3374B
Inteliquent, Inc.(IQNT:XNAS)$22.90788.3096M
IDT Corporation Class B(IDT:XNYS)$5.19128.9923M
General Communication, Inc. Class A(GNCMA:XNAS)$36.281.3043B
General Communication, Inc. Class B(GNCMB:OOTC)$37.651.3535B
GTT Communications, Inc.(GTT:XNYS)$32.801.4717B
FairPoint Communications, Inc.(FRP:XNAS)$15.95434.9053M
Fusion Telecommunications International, Inc.(FSNN:XNAS)$4.29102.3042M
Frontier Communications Corporation(FTR:XNAS)$5.14543.8634M
Hawaiian Telcom Holdco, Inc.(HCOM:XNAS)$28.92336.4876M
Global Eagle Entertainment, Inc.(ENT:XNAS)$2.47224.3826M
Elephant Talk Communications, Inc.(ETAK:XASE)$2.66148.1620M
CenturyLink, Inc.(CTL:XNYS)$21.3823.0612B
Cogent Communications Holdings Inc(CCOI:XNAS)$50.652.3524B

Wireless Peer Group:

Stock Name (Symbol)Last PriceMarket Cap
United States Cellular Corporation(USM:XNYS)$42.833.6834B
Telefonica Deutschland Holding AG(TELDF:OOTC)$4.3913.0583B
Telephone and Data Systems, Inc.(TDS:XNYS)$30.003.3600B
T-Mobile US, Inc.(TMUS:XNAS)$64.9855.0527B
SBA Communications Corporation(SBAC:XNAS)$156.1017.9253B
SmarTone Telecommunications Holdings Limited Sponsored ADR(STTFY:OOTC)$5.041.1302B
Sprint Corp.(S:XNYS)$6.0324.1924B
pdvWireless, Inc.(PDVW:XNAS)$32.30467.9511M
ORBCOMM Inc.(ORBC:XNAS)$10.93858.6937M
NII Holdings Inc(NIHD:XNAS)$5.38540.4533M
ICTC Group, Inc.(ICTG:OOTC)$63.2524.2332M
Inmarsat plc Unsponsored ADR(IMASY:OOTC)$7.093.2443B
Intelsat S.A.(I:XNYS)$24.213.3095B
Iridium Communications Inc.(IRDM:XNAS)$19.852.1984B
Globalstar, Inc.(GSAT:XASE)$0.52661.8719M
Far Eastone Telecommunications Co., Ltd. Sponsored GDR RegS(FETLF:OOTC)$39.018.4742B
Cellcom Israel Ltd.(CEL:XNYS)$5.71576.9240M
America Movil SAB de CV Sponsored ADR Class L(AMX:XNYS)$16.5537.1561B
Spok Holdings, Inc.(SPOK:XNAS)$15.40299.8726M
Gogo Inc.(GOGO:XNAS)$4.26372.1165M

The next step is to analyze each industry to determine which one(s) I want to look at.  That will be in Part 2 b) tomorrow.

Comments

Post a Comment

Popular posts from this blog

11 Reasons Why INVRS is Better Than Excel Alone

If you work with your own investment models you likely use excel to build them, but excel isn’t ideal for many reasons and it costs you in other ways.   First, you need good data and it isn’t just lying around in an easy to import format.   You’re either keying it in yourself or paying money for excel downloads.   When you need data from numerous sources – price information, data from different statements and across multiple years - you must merge it from multiple sheets.   It's a n inefficient process which can lead to data corruption. After all this data is collected and merged, models built and tested, the net result is one statistic for one company.   A stand-alone number without context has limited use.   To be meaningful, you need to compare it to similar companies.       This is just a sample of the challenges.  You need software that overcomes these problems and is designed for investment model creation. Surprise!  This software exists,
Post a Comment
Read more

NextEra - Good Dividend in the Renewable Energy Sector

NextEra had good results relative to a group of peers in a factor-based analysis. NextEra has an appealing profitability and income profile. Its price momentum looks decent, with a caveat. Its relatively small size (a small mid-cap) coupled with its industry (renewable energy) further weight the odds that this company could be a strong performer in the future. If you want in on renewable energy, we recommend NextEra. The Analysis Overview I created a portfolio of stocks in the alternative energy sector, looking specifically for companies with a market cap over $1B but less than $4B.  This is a sweet spot that offers strong potential for growth but is also substantial enough not to be too speculative. It's my believe that alternative energy is on the ascendance, where as fossil fuels will inevitably decline (NextEra isn't a pure play in this regard however, natural gas assets are part of its portfolio).  If you share this belief and you want exposure to this ma
Post a Comment
Read more

Analyzing Results - 2013/Y-6

 There were eight companies in Group 8 (no 9) in 2013/Y-6: EW  STZ LRCX ALXN MU MCHP AME DE This is how they each fared from 2014 to 2020 - the year runs from April 1 to March 31st:   EW         92%, -58%, 5%, 48%, 41%, -1% STZ        36%, 31%, 7%, 42%, -22%, -18% LRCX     27%, 10%, 57%, 60%, -6%, 32% ALXN     12%, -18%, -15%, -7%, 24%, -34% MU         11%, -61%, 162%, 82%, -17%, 0 MCHP     5%, 3%, 56%, 27%, -4%, -21% AME        1%, -4%, 9%, 42%, 12%, -14% DE           -2%, -9%, 45%, 45%, 24%, -34% Six Year Return: EW  69% STZ  81% LRCX  355% ALXN  -42% MU  72% MCHP  60% AME  42% DE  68% What score did each of the above have in 2014/Y-5? EW - 6 STZ - 8 (no 9) LRCX - 4 ALXN - 8 (no 9) MU - 6 MCHP - 5 AME - 6 DE -5 What score did each have in 2015/Y-4? EW - 5 STZ -6 LRCX - 6 ALXN -5 MU - 6 MCHP - 2 AME - 3 DE - 1 What score did each have in 2016/Y-3? EW - 8 STZ - 7 LRCX - 7 ALXN - 6 MU - 7 MCHP - 5 AME - 1 DE - 2 What score did each have in 2017/Y-2? EW - 8 STZ - 4 LRCX - 8 ALXN - 6 MU -
Post a Comment
Read more