It’s been a while since we took a look at Baker Hughes (BKR). Too long actually, but time may help to provide perspective on our core interest, are they investible at this point in time?
Baker, a leading producer of energy related good and services, reported a dismal Q2 and guided down any investors expectations for the immediate future. As the share price indicates, any recovery in OFS remains a story for a few quarters down the road. Farther than the eye can see actually. A story that’s been largely true for several years now.
There were a few bright spots and instead of a recap of lousy revenue and profit numbers, and the expectation of more of the same, we will focus on the bright spots in this article.
There is also the dividend currently yielding ~5.5%. We’ll touch on its relative safety as we wrap up.
The robotics industry has proven its mettle amid the Covid-19 pandemic with machines taking the place of humans in order to stave off further infections from the virus. That said, a recent Robotics & Automation News article identified additional trends that can only further the expansion of the robotics industry–good news for ETFs like the Robotics & AI Bull 3X ETF (NYSEArca: UBOT).
“The robotics industry is one that has been evolving and growing over recent years,” the article noted. “New developments in the industry have allowed both individuals and larger corporations to perform certain tasks in a much more efficient way.”
Among the trends identified include companies teaming up, large acquisitions, scaling up inventory in retail, and reduced debates on the types of robots used for specific applications.
“This industry is set to become extremely profitable as more companies realise that they could use robots within their organisation,”
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PRTH is the 11th largest merchant acquirer in the US, trades cheap to comps, has returned to growth, and potentially has 2-3x upside from current prices. Many of the headwinds have been cycled and as the market realizes the story should converge to comps.
PRTH has had a challenging 2 years with a damaging change in Mastercard e-commerce standards, accounting revision, and COVID. Since then, multiple things in the story have now changed that deserve a 2nd look. First, the company grew organically and cycled MA/V related subscription e-commerce changes in 4Q. Second, they hired a