First, the housecleaning: ConocoPhillips (COP) was sold at a 16% loss (6% annualized), and non-voting Google (GOOG) was exchanged for voting Google (GOOGL).
This month's choices assert that water is the new oil, and that Stephen Curry and Jordan Spieth are quite good at basketball and golf, respectively...
Veolia Environnement (VEOEY)
Positives:
3.5% dividend yield.
Positive revenue growth (8%).
Large operating ($2.2B) and free ($2.1B) cash flows.
Negatives:
Premium 64 P/E.
Middling profit margin (1%), operating margin (4%), ROA (2%) and ROE (4%).
$3.6B cash vs. $12.7B debt.
Trades over-the-counter on the "pink sheets" (something I swore off a while ago).
Under Armour (UA)
Positives:
Solid revenue growth (29%).
Undervalued market cap ($21B) vs. Nike ($70B).
Negatives:
Expensive 107 P/E, 69 forward P/E.
Negative earnings growth (-16%).
Mediocre profit margin (6%), operating margin (10%), ROA (10%) and ROE (16%).
$171M cash vs. $716M debt.
Negative free cash flow (-$122M).
Here's my current portfolio (growth, dividend, and speculative). As always, I believe in all of these stocks - until I sell them.
Apple (AAPL) 13.94%
Tesla Motors (TSLA) 10.95%
Google (GOOGL) 6.95%
Under Armour (UA) 5.75%
Baidu (BIDU) 5.15%
Amazon (AMZN) 4.57%
Blackstone (BX) 3.69%
3D Systems (DDD) 3.44%
Ace Limited (ACE) 2.76%
Intuitive Surgical (ISRG) 2.48%
Southern Copper (SCCO) 2.45%
Nike (NKE) 2.35%
Qihoo 360 (QIHU) 2.35%
Twitter (TWTR) 1.97%
Stratasys (SSYS) 1.90%
Wells Fargo (WFC) 1.79%
Microsoft (MSFT) 1.60%
BlackRock (BLK) 1.56%
American Software (AMSWA) 1.54%
Cisco (CSCO) 1.53%
China Mobile (CHL) 1.46%
Boeing (BA) 1.44%
Veolia Environnement (VEOEY) 1.32%
Starbucks (SBUX) 1.24%
Intel (INTC) 1.24%
McDonald's (MCD) 1.10%
Alibaba (BABA) 1.03%
DuPont (DD) 0.98%
Ansys (ANSS) 0.94%
F5 Networks (FFIV) 0.92%
Arista Networks (ANET) 0.92%
American Express (AXP) 0.85%
Salesforce.com (CRM) 0.83%
Lululemon Athletica (LULU) 0.82%
Canadian National Railway (CNI) 0.81%
American Water Works (AWK) 0.79%
Tableau Software (DATA) 0.79%
Aqua America (WTR) 0.78%
FireEye (FEYE) 0.78%
Costco Wholesale (COST) 0.77%
Coca-Cola (KO) 0.73%
Computer Programs and Systems (CPSI) 0.59%
