Value U.S. Stocks

Resolute Forest Product

Producer Price Index by Commodity for Pulp, Paper, and Allied Products: Wood Pulp

Industry Overview Research Report

The Revenue Trend

The gross profit of RFP is heavily affected by the International price of wood and pulp materials.

Gravity Co.

Estimated 2019 Price/ FCF per share ratio is currently around 6.2, no substantial value found under current market price.
Reevaluation can be proceed if price drops substantially (20%+) or future FCF growth (20%+).
TODO: Intransic Value Estimation if Q3 net income sustained.


Expansion into Power Utility Infrastructure service through acquizition of unknown company.

During the second quarter of 2017, we expanded our pressure pumping, sand deliveries and last-mile trucking services into the SCOOP/STACK with the startup of our fourth pressure pumping fleet in June 2017. The startup of our fifth fleet in the mid-continent is scheduled for August 8, 2017, with our sixth fleet expected to commence operations in October 2017. In addition, on July 7, 2017, we acquired an energy service company from an unrelated third party seller for $2.3 million in cash and the assumption of $1.8 million in debt. This acquisition expands the infrastructure services of our other energy services division.

Form 10-Q

Majority of the revenue of the recent 3 quarters are from power utility service, which is a business acquired in the second quarter of 2017. The groups' previous major business oil mine drilling, related service business contribute in a minor percentage of the recent reporting period.


Proved Developed Reserve of Natural Gas for SANDRIDGE MISSISSIPPIAN TRUST I as of Dec 31, 2018 is 9,522.9 MMcf, with an estimated equilvent dividend distribution of USD 1.26 (from Jan 2018 to Trust Disolution)

Law Suit

On July 2, 2018, defendants filed a motion for partial judgment on the pleadings, arguing that all claims asserted on behalf of the members of the putative class are barred by the statute of limitations. On March 26, 2019, the Court denied the motion without prejudice should discovery reveal a basis for again challenging the timeliness of plaintiffs' claims.

"Denied without prejudice" means the claim can be reargued again.

Major Risk

Security Law Suit Regarding The IPO of The Trust. Potentional loss may arise out of the litigation.


Woori Financial Group Inc - 1 ADS = 3 Common Shares
Why the Korean Banking Industry is valued in low PE multiple of around 5.0 in general ?


Dxc technology
Why the valuation EV/EBITDA is 4.5 while ACN is 19.5.

Delphi Technologies