VZ – VERIZON COMMUNICATIONS INC. (HQ: USA/Industry: Diversified Telecommunication Services)
Verizon Communications is a holding company that, acting through its subsidiaries, is one of the world’s leading providers of communications, technology, information and entertainment products and services to consumers, businesses and government entities. With a presence around the world, it offers data, video and voice services and solutions on its networks and platforms that are designed to meet customers’ demand for mobility, reliable network connectivity, security and control.

Recent 10-Year Financial Summary
Revenue: Increased 15%, with 2 declining years
EPS: Increased 1616%, with 5 declining years
BV: Increased 58%, with 3 declining years
FCF: Decreased -349%, with 5 declining years and the current year being negative
Share Count: Increased 45%
Dividend: Increased 25%, with 0 declining years
To value the business at their current market price the company would need more than a 8% per year growth for the next 10-years.

SEC filing link: https://www.sec.gov/edgar/browse/?CIK=732712&owner=exclude

INT – WORLD FUEL SERVICES CORPORATION (HQ: USA/Industry: Oil, Gas & Consumable Fuels)
World Fuel Services is a leading global fuel services company, principally engaged in the distribution of fuel and related products and services in the aviation, land and marine transportation industries. In recent years, the company has expanded its land product and service offerings to include energy advisory services and supply fulfillment for natural gas and power to commercial, industrial and government customers.

Recent 10-Year Financial Summary
Revenue: Decreased -20%, with 4 declining years
EPS: Decreased -56%, with 6 declining years
BV: Increased 48%, with 1 declining year
FCF: Increased 15%, with 5 declining years
Share Count: Decreased -13%
Dividend: Increased 220%, with 0 declining years
To value the business at their current market price the company would need more than a 1% per year growth for the next 10-years.

SEC filing link: https://www.sec.gov/edgar/browse/?CIK=789460&owner=exclude

BTU – PEABODY ENERGY CORPORATION (HQ: USA/Industry: Oil, Gas & Consumable Fuels)
Peabody is a leading producer of metallurgical and thermal coal. In addition to its mining operations, the company markets and brokers coal from other coal producers, both as principal and agent, and trades coal and freight-related contracts.

Recent 10-Year Financial Summary
Revenue: Decreased -58%, with 6 declining years
EPS: Decreased -9%, with 6 declining years
FCF: Decreased -32%, with 6 declining years
Share Count: Decreased -59%
Company stopped paying a dividend in 2019
To value the business at their current market price the company would need more than a 13% per year growth for the next 10-years.

SEC filing link: https://www.sec.gov/edgar/browse/?CIK=1064728&owner=exclude

TGNA – TEGNA INC. (HQ: USA/Industry: Media)
Tegna is an innovative media company serving the greater good of its communities. Across platforms, the company tells empowering stories, conduct impactful investigations and deliver innovative marketing services.

Recent 10-Year Financial Summary
Revenue: Decreased -44%, with 3 declining years
EPS: Increased 20%, with 7 declining years
BV: Increased 7%, with 3 declining years
FCF: Decreased -34%, with 6 declining years
Share Count: Decreased -6%
Dividend: Decreased -56%, with 4 declining years
The stock current trades slightly below its margin of safety intrinsic value.

SEC filing link: https://www.sec.gov/edgar/browse/?CIK=39899&owner=exclude       

TG – TREDEGAR CORPORATION (HQ: USA/Industry: Chemicals)
Tredegar is engaged, through its subsidiaries, in the manufacture of aluminum extrusions, polyethylene plastic films and polyester films. The company’s reportable business segments are aluminum extrusions, polyethylene films and flexible packaging films.

Recent 10-Year Financial Summary
Revenue: Decreased -6%, with 5 declining years
EPS: Increased 95%, with 4 declining years
BV: Decreased -63%, with 5 declining years
FCF: Decreased -12%, with 5 declining years
Share Count: Increased 6%
Dividend: Increased 129%, with 1 declining year
To value the business at their current market price the company would need more than a 10% per year growth for the next 10-years

SEC filing link: https://www.sec.gov/edgar/browse/?CIK=850429&owner=exclude