Estimate is based on 7 analysts, but only 5 modified their estimates in the last 7 days, and maybe not all the 5 revisions were after earnings were announced. I notice lots of apparent discrepancies in the Yahoo figures. I wonder how much analyst turnover there is as regards who is submitting estimates.
No indication of debt, cash equivalents. No comment on tax rate of 29.2%. As of last quarter they don't hedge FX. No guidance of any kind (they do state that they plan "increased strategic investments in product line expansion and new category entry."). Nothing new there but it seems to work. Seeking Alpha article points out that most of their markets are mature or even declining.
Infinity, thanks for pointing that out. I had trouble reading the SEC form because it wasn't posted in HTML format unlike many similar forms. Did you get your information on Edgar or elsewhere, like a more informative source?
It does so because it thinks its shareholders desire this. Since the proper metric is FFO, or at least some version of it, EQR can return more than net income and still grow. Returns of capital to a shareholder are not taxed.
Less than usual in info provided and 10-k won't be out for a while. I hope in making projections for 2015 they were based on recent FX values, not FX values as of Dec 31. In 2013 US sales were 58% of total.
That has been cited as a cost savings initiative. I was therefore surprised when my backed haddock (great dish) sat alone on a plate, while broccoli was served in its own bowl. I spoke to the manager on duty (it was a slow night). He hadn't heard of the initiative as such. If I understood him, they eliminated the bread plate, but to make up for it substituted larger plates for smaller ones for other things such as baked sweet potato. He thought this was good, as the small plates tended to get broken.
A range of only 10 cents over a year is ridiculously small. It could mean they manage earnings, but I think it is probably because they really think they can do better. I haven't thought to track this in the past. They did beat analyst expectations for last 4 qtr., but not by much each qtr.
On the other hand, cost advantage of US plants using natural gas instead of oil as in input is decreasing. In terms of energy content, at least, natural gas is still much cheaper.
Prince Rupert, British Columbia, is a 1,000-mile drive from Seattle and far from major manufacturing centers. But last year, the port in the northwestern Canadian province was a key North American entry point for Asian-made products, and nearly all of the goods it received went to the U.S.
Cargo traffic bound for the U.S. has risen 11% so far this year at Prince Rupert, the smaller of Canada’s two West Coast ports. To take advantage of growing demand, the port is moving ahead with plans to boost its container-handling capacity.
Shipping companies are seeking the fastest route to move Asian goods to the U.S. Midwest, with a growing share of U.S.-bound cargo arriving first in Canada. The increased business suggests Canada’s efforts to exploit some natural geographic advantages by spending billions of dollars on its West Coast trade infrastructure are paying off.
Congestion, labor tensions and tax concerns at U.S. ports have also spurred some shippers to look north.
Canada was the entry point for 2.6% of U.S.-bound Asian cargo in 2010, and has likely grown to a “new record high” since then, said Richard Lidinsky Jr. , commissioner for the Federal Maritime Commission, the agency tasked with regulating the U.S.’s international ocean transportation system. Roughly 87% of the containers received in Prince Rupert were hauled by rail to the U.S., the agency said.
Northwest U.S. ports have seen a nearly 11% drop in cargo from Asia over the past year, according to the FMC.
“It’s a wake-up call for us,” said Mr. Lidinsky. “It almost becomes a self-fulfilling prophecy. If you have problems in California and the Pacific Northwest, there’s a natural alternative to go to Canada.” Once a port loses that business, he added, “it’s very, very difficult to win it back.”
Starr asks good, respectful, positive questions. Even his patience was worn out by another speech in lieu of an answer, and said "Yes. Okay, I know all this.". Jaffe got a bit testy. I can't blame Jaffe trying to tell his story to any possible new investors, but don't then blame the questioners for taking too much time.
I was a shareholder years ago. I didn't have faith in Craig Maier (this company was the only Golden Corral franchisee who seemed to lose money on those restaurants, and it took many years before they gave up increasing their investment and got out of the business). Still, FY 2014 eps caught my eye, until I discovered it was due to one time tax recoveries.
Skip, article claimed growth was exponential everywhere. As to how specialized plastic is, I don't know, but you want very good transparency, durability and insulation I would imagine. Well, if they are rolling up all the sides, maybe transparency is not important (incidentally, I would think you would want to roll down the sides for maximum sunlight to hit plants).
hey are selling more leather than they expected, and therefore eps is being revised down. Huh?? I guess the key is that revenue guidance is not being revised up, so they are selling less non-leather merchandise.