Saturday, February 20, 2016

Kinross Gold: to double in 2016?

Kinross Gold (NYSE:KGC) released its earnings last week and revealed some interesting points about its cost structure, which I'm going to highlight in this article. I have been long the gold miner since mid December 2015. And I continue to believe the company has tremendous opportunities in terms of share price appreciation given its cost structure and the future of gold price.

Read more: here

Tuesday, August 25, 2015

Do Not Underestimate The Legal Risks Of Facebook

Facebook (FB) operates under two distinct entities, Facebook USA, which oversees users from the US and Canada and, Facebook Ireland, which deals with users from Europe and the rest of the world. As many of you should know, Facebook does not respect the rights to privacy and data protection of its users. 

While Facebook Ireland falls under EU law, Max Schrems, an Austrian citizen, decided to sue the Ireland entity to protect the fundamental rights of EU citizens. Besides the altruism move, I do believe it put Facebook business at stake. In fact, the class action lawsuit could meaningfully impact Facebook revenues outside of the US and Canada because it will affect the business practices of collecting data and selling ads. It could literally lose "billions" in the case. In this article, I'm going to explain you why you should take into account that legal risk in your investment thesis.

Tuesday, August 4, 2015

Groupon Is A Screaming Buy

Since Groupon (NASDAQ:GRPN) sold a majority stake in its TicketMonster Unit, the share price tumbled to historical lows. It went from $8.18 in April to $4.82 right now, having decreased by more than 40% in a couple of months. The market was expecting more from this deal but it fails to realize that it was actually a good deal to Groupon. While it decreases total revenues reported, it strengthens the balance sheet and enhances the cash position. In this article, I'm going to explain why I do believe Groupon offers a tremendous value at these depressed prices going forward.

Read more: here.

Kasteel Research

Monday, July 27, 2015

What Could Be The Catalyst For A Netflix Crash?

  • In this article, I discuss what could trigger a crash for Netflix stock price.
  • Netflix does not have a moat, nor economics of scale.
  • Two companies could negatively impact Netflix's business.
  • I discuss how investors should act to benefit from this market mispricing.

Welcome to Kasteel Research blog!

Hello world,

In this blog, I will publish my researches about US public companies as well as some thoughts about financial markets and different long/short strategies.

The goal of this blog is to share my ideas to other investors and analysts.

You can also read my old research through Seeking Alpha at:

Feel free to reach me at kasteelresearch (at) if you have any questions.