There seems to be a problem with cost controls at DWA. And while the company loses money from movie production , the company must continue to buy stock awarded to management thru options and stock awards to maintain the share count and prevent dilution. By the way, those shares awarded appear to cost management $0 per share , if Insider Transactions for DWA at Yahoo Finance are accurate. If you are losing money and buying back shares from management, eventually you have to borrow money to maintain that lifestyle . Maybe the CEO doesn't do math.
coming to the defense of coal as a low cost producer of energy in a public way. I do believe , that ,down the line the world is going to need coal as other fossil fuel supplies lessen, or become more difficult to produce . But if you don't round up all the coal people and together address the pollution issue then , as an industry , you will be dead meat for decades . I think the chances we go backward on the issue are small. Coal has to and will find a way to burn cleaner , and that seems to be the only real answer for the industry . And as far as Peabody's future is concerned , perhaps it is time to diversify into something else , before Peabody hasn't the financial resources to do so. There's plenty of NG , there's fracking sand , and a host of other nuts and bolts , like pipelines etc. What do you think Cap'n Boyce ?
I'm surprised it hasn't sold off more. This a good company with good fundamentals ,but how does the market justify a 20 something times multiple and growth rates for revenue and earnings in the single digits . This stock should trade in the $50s range , based on it's growth rate and it's current dividend.
MRO is currently pursuing a similar strategy to COP. They already spun off a MLP. They are selling foreign assets and buying back stock and domestic oil property and leases.
Emerson Electric Co. (EMR) is studying strategic alternatives for its power transmission solutions unit as it considers possible acquisitions or divestments.
The Florence, Kentucky-based division, with 2013 revenue of more than $600 million and 3,000 employees worldwide, makes couplings, bearings and conveying components under brands such as Browning and Jaure, Emerson said today in a statement. A decision will be announced by yearend
Okay, from what I can gather , the private equity stake was ,in essence , a spin off . Artesyn was sold to a company specializing in buying noncore assets of companies (Platinum Equity) . Perhaps EMR's deal was to hold Platinum shares for a lock-up period . Here's the result of Q2's holding of that investment : Emerson Reports Second-Quarter 2014 Results
•Net sales of $5.8 billion decreased 2 percent, with underlying sales up 2 percent, and orders up 9 percent
•Gross profit margin expansion of 140 basis points to 41.2 percent
•Earnings per share of $0.77, including $0.03 loss from Artesyn equity investment, unchanged from the prior year.
•Strong cash generation offset divestiture impact
"Peabody Energy (NYSE:BTU)‘s stock had its “overweight” rating reaffirmed by analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Monday. They currently have a $20.00 target price on the stock, down from their previous target price of $23.00. JPMorgan Chase & Co.’s target price points to a potential upside of 23.46% from the stock’s previous close." When will one of these stock analysts with a favorable rating be right about BTU?!
Jul 2 2014, 07:26 ET | About: Bank of America Corporation (BAC)
Bank of America (BAC) is ahead 1.2% in premarket action after a pre-earnings-season upgrade to Buy at Deutsche Bank. The price target is lifted to $18 from $16.50.
I've bashed EMR from time to time as well as praised it ,but it may be time to praise it again. EMR is raising cash , first with the Connectivity solutions sale and , please correct me if I'm wrong , the divestment of a private equity holding (why on earth EMR was invested private equity is beyond me). Stockholders can only hope that , in addition to a stock buyback , that EMR has it's sights on an acquisition, because ,even tho EMR has reported an 8% increase in total orders, revenues and earnings are still estimated to only grow modestly this year.
I probably would never have looked at AA had I not caught the CNBC interview with the CEO . I was impressed with his enthusiasm as well as his detailed explanation of AA's value-added businesses and how AA is evolving from commodity manufacturing business to value-added . At AA's website a pie chart suggests value-added business is around 17% of total business. I figure the acquisition makes that number somewhere between 25 and 30% now. The fundamentals are improving very gradually , but AA still remains a victim of aluminum prices , since the majority of AA's business remains commodity based products. But you probably can expect more of the following from AA : More writedowns from old plant closings or sales , and: More acquisitions of value-added manufactures. Looks like Kleinfeld is taking a page out of the Dow Chemical play book and completely transforming AA from commodity based company to specialty manufacturer. It's taken Liveris 5 years of closures ,divestures , acquisitions and new plants construction to do it.. If I dip my toe into the water with AA, it will be because I was impressed with Dr Kleinfeld and his abilities (from what articles I've read) and his vision for a future Alcoa.
already . It was published 6/25/2014. HOUSTON, TX--(Marketwired - Jun 25, 2014) - The North Dakota Pipeline Company LLC's Sandpiper Pipeline Project reached a key milestone today as the North Dakota Public Service Commission (PSC) issued its permit approving the project. The permit allows a subsidiary of Enbridge Energy Partners, L.P. (NYSE: EEP), to begin construction of the Sandpiper Pipeline Project as early as July 1, 2014, in the state of North Dakota. Last month, the Federal Energy Regulatory Commission (FERC) granted a declaratory order approving the tariffs structure for the project.
TheStreet Ratings team rates ENBRIDGE ENERGY PRTNRS -LP as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate ENBRIDGE ENERGY PRTNRS -LP (EEP) a BUY. This is driven by a number of strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income, good cash flow from operations, increase in stock price during the past year and growth in earnings per share. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated."
Why not ? He doesn't seem to have a grip on the industry . Other entertainment companies have doubled and even tripled in the last 5 years . One thing he does seem to have a grip on and that is the job of CEO and Chairman , and a real death grip on the necks of stockholders. Ah, the benefits of Hollywood "creative accounting". How about some of that Hollywood magic on the company's books.
Equities research analysts at Barclays lifted their price objective on shares of Enbridge Energy Partners, L.P. (NYSE:EEP) from $32.00 to $37.00 in a research note issued to investors on Friday. The firm currently has an “equal weight” rating on the stock. Barclays’ price objective points to a potential upside of 5.93% from the company’s current price.
In a note released Tuesday morning, Morgan Stanley analyst Simeon Gutman initiated coverage on Staples (NASDAQ: SPLS) with an Underweight rating and an $11 price target.
The main tone of Gutman's note seemed to be that it's going to get worse before it gets better. He noted that the omni-channel transitions are turning out to be more costly and last longer than expected, which will put pressure on margins in the near-term.
Although Staples is said to have best-in-class execution and customer satisfaction, Gutman warned that, according to the firm's Alphawise survey, spending for office products over the next 12 months is only expected to rise ~1 percent.
Looking to next year, Gutman is estimating a 2015 EPS of $0.95 and a EBIT margin decline 10 basis point larger than the consensus.
SPLS made $600 million in freecashflow last year and expect the same amount this year. Of that amount SPLS paid out half in dividends. I agree this is a risky investment. If last quarter's earnings miss wasn't partly weather related then SPLS has a problem. If there is a weather related component to last quarter , then there should be some pent up demand , and next quarter should be better. But don't hold your breath. If you are on the sidelines , stay there ,because it looks like more pain before more gain for SPLS.
"Shares of Peabody Energy (NYSE:BTU) have received an average rating of “Buy” from the eighteen analysts that are presently covering the stock, Analyst RN reports. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $22.54.
BTU has been the subject of a number of recent research reports. Analysts at Goldman Sachs downgraded shares of Peabody Energy from a “buy” rating to a “neutral” rating in a research note on Friday, June 6th. They now have a $16.00 price target on the stock, down previously from $21.00. Separately, analysts at Jefferies Group cut their price target on shares of Peabody Energy from $21.00 to $20.00 in a research note on Wednesday, June 4th. They now have a “buy” rating on the stock. Finally, analysts at Morgan Stanley upgraded shares of Peabody Energy from an “equal weight” rating to an “overweight” rating in a research note on Monday, May 12th. They now have a $30.00 price target on the stock, up previously from $20.00." With BTU's recent price performance , it makes you wonder who the other eleven buy recommendations are.
Raymond James "Raymond James upgraded shares of Orange SA (NASDAQ:ORAN) from a market perform rating to an outperform rating in a research report released on Tuesday morning." 6/18/2014