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Becton, Dickinson and Company Message Board

algo41 44 posts  |  Last Activity: Jul 9, 2014 1:35 PM Member since: Jun 12, 2000
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  • algo41 algo41 Jul 9, 2014 1:35 PM Flag

    SLI a few years ago had a Dutch auction. I've experienced others, but can't recall them off top of my head - not stocks I currently hold.

  • algo41 by algo41 Jul 6, 2014 7:38 PM Flag

    3.2 million shares outstanding. 1.2 million options outstanding. 227k options granted in 2013, 193k net of forfeits. Of the 227k, 118k granted to top 3 execs. You would think this is a start up. They don't provide average strike price of all options, but a rough calculation gave $11.63. All options are for 10 years, and average remaining time is 6 years. Perhaps ACU is still a buy, but it is certainly not as inexpensive as it might appear. I know option cost is subtracted from earnings, about $.08 in 2013, but I believe that understates true cost.

  • Reply to

    sale announcement

    by algo41 Jul 3, 2014 9:26 AM
    algo41 algo41 Jul 3, 2014 11:53 AM Flag

    8-k, which came out later, after market opened, explained just what was sold. Maybe that is why volume started out slow, then picked up.

  • Kind of cryptic. In 10-k, business is described as "Information Security and Print Finishing (or Martin Yale Group).". Are they still partly in information security?

  • 1) I enjoy Cracker Barrel when I get to go - both food and service. They need to empty bins in men's room more often.

    2) I don't think it is ethical to make up stuff when you post as in post on profit vs stores

    3) I understand CBRL policy on handouts, although their reaction to employee was ridiculous. Surprisingly, site which gives employee ratings of employer had decent ratings for CBRL. In Philadelphia there is an organization which collects older but still healthy food for distribution - it collects from both markets and restaurants.

  • Reply to

    Tax implications

    by wjschnieder Jul 1, 2014 9:00 AM
    algo41 algo41 Jul 1, 2014 9:46 AM Flag

    Good question. If they don't provide guidance my plan is to see what they are paying for fractional shares. If they pay $2 for 0.4 shares, I will assume a whole share is worth 2/.4 = $5. and use that as my cost basis while subtracting the value of my shares acquired from the cost basis for CHK.

  • Reply to

    Very cheap again

    by analyst112 Jun 27, 2014 12:17 PM
    algo41 algo41 Jun 30, 2014 6:36 PM Flag

    I know all metrics have their flaws, but if you switch from short term debt to long term debt, current liabilities goes down. Unless there is a chance of bankruptcy or something, how is that meaningful? In the 1st quarter cash flow from operations was negative. Having said all that, I have my hopes earning will start growing faster.

  • Reply to

    Wow, pretty dead board- bought today

    by zunk11 Jun 26, 2014 2:42 PM
    algo41 algo41 Jun 27, 2014 1:30 PM Flag

    One other point: they don't correct comparable sales for currency changes. So if Indian currency depreciates with inflation, for example, sales gains are exaggerated. I suspect if developing world currencies start appreciating company would start correcting. To their credit, company at least mentions the effect.

  • Reply to

    blog

    by algo41 May 28, 2014 5:04 PM
    algo41 algo41 Jun 27, 2014 10:05 AM Flag

    There are also press releases on their site not found in Yahoo. There was one such release the day of the big price drop, but it would not seem to be a price moving release.

  • Reply to

    Wow, pretty dead board- bought today

    by zunk11 Jun 26, 2014 2:42 PM
    algo41 algo41 Jun 27, 2014 10:00 AM Flag

    I am uncomfortable with their deferred tax assets. This has impacted cash flow significantly in some years, and I worry that a write-down might occur in the future. However, as I am primarily self taught in accounting and not confident about my understanding, my worries might be baseless.

  • Reply to

    You can't go wrong shorting TLF stock

    by beauregardrex Jun 24, 2014 12:08 PM
    algo41 algo41 Jun 24, 2014 5:07 PM Flag

    What is your reasoning?

  • Reply to

    Jump up

    by vonaboy Jun 23, 2014 12:37 PM
    algo41 algo41 Jun 23, 2014 9:09 PM Flag

    From Seeking Alpha:
    23 Jun, 2:00 PM • PETM Bargain hunters circle PetSmart
    Trading in PetSmart (PETM +5.1%) perks up after the stock is identified by Barron's as a name that should appeal to bargain hunters with shares down 20% YTD. Some retail analysts think the threat of online sellers such as Amazon has been overstated with the company's mix of service such as grooming and boarding a bigger part of revenue growth.SA contributor David Trainer also sees value with PetSmart at current levels. He notes so-called pet parents (pets=kids) give the company a backstop against sales declines.

  • Reply to

    PIR way oversold today.

    by asp924 Jun 19, 2014 1:15 PM
    algo41 algo41 Jun 20, 2014 10:32 AM Flag

    One thing in investing is be wary of one example. You can take any stock and with hindsight say you could have made money buying at the bottom.

    Incidentally, I have no PIR stock and am considering it, but I am very wary, as indicated by the quotes in my last post. This will be my last post, unless I buy some.

  • Reply to

    PIR way oversold today.

    by asp924 Jun 19, 2014 1:15 PM
    algo41 algo41 Jun 20, 2014 7:16 AM Flag

    "guidance for year assumes soft traffic temporary".
    “In the near term, we expect the pressure on the gross profit rate to continue”
    In other words, investors are worried guidance could be optimistic as it assumes an uptick not immediately seen.

  • Reply to

    Another consolidating move by Warren

    by steve_382n Jun 12, 2014 6:26 PM
    algo41 algo41 Jun 13, 2014 4:50 PM Flag

    and this is legal? wow. I wonder if there is any upper bound, e.g. could they do 10,000 instead of 500?

  • Reply to

    what bothers me the most

    by algo41 Jun 9, 2014 3:37 PM
    algo41 algo41 Jun 12, 2014 1:28 PM Flag

    keep up the optimism, but I'm not sure how you've explained 3% growth when trends in the industry are, overall, in their favor.

  • ADM announced last fall that the company is constructing a facility in Nanjing to produce animal feed premix that can be added to animal rations to promote good health and optimal growth. Such premix formulas typically contain vitamins and minerals, amino acids such as lysine and threonine, and other ingredients. The facility is scheduled to begin operations in mid-2015 and will complement ADM’s existing feed premix plants in Dalian and Tianjin.

  • Reply to

    what bothers me the most

    by algo41 Jun 9, 2014 3:37 PM
    algo41 algo41 Jun 10, 2014 11:29 AM Flag

    Biblio, I was making the point that the 18% overall sales increase you cited gave me no reassurance about the concern I expressed. But perhaps I should have been focusing on the trade spending part of the sentence, although, as in my original post, that I also don't find very reassuring - increasing sales by discounts at this stage may work, but it is not that reassuring as gross profit drops. Hopefully, company will get the price increases it is seeking and hopefully they won't lose too many customers when discounting moderates.

    Algo

  • Reply to

    what bothers me the most

    by algo41 Jun 9, 2014 3:37 PM
    algo41 algo41 Jun 10, 2014 9:47 AM Flag

    Biblio, a major part of the overall increase in cat litter sales was the MFM acquisition. Hence my focus on branded cat litter. From my notes: Private label cat litter sales increased approximately 44% due primarily to additional sales from the acquisition of MFM.
    Algo

  • Looking at the 10-q, branded cat litter sales only increased 3%. Presumably, then, they are cannibalizing their own brands by selling more Fresh and Light. Or they are offering big enough discounts to sell the stuff that their average selling price is down significantly?

    I don't know how to relate the growth in dollar sales of Fresh and LIght by 56% over 24 weeks to the above. Presumably, they know sales by week, so how much did F&L sales grow during the quarter? Did I misunderstand the 56%?

    Incidentally, from Seeking Alpha, July 2013, I extracted a table showing ODC to be in 4th place in cat litter (in CC ODC being in 4th place was implied to have been a recent development).

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