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Navios Maritime Acquisition Corporation Message Board

citiccgirl 28 posts  |  Last Activity: Feb 24, 2015 2:18 PM Member since: Apr 18, 2008
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  • 24-Feb-15 06:22

    INCR
    INC Research Holdings beats by $0.05, beats on revs; guides FY15 EPS above consensus, revs in-line

    Reports Q4 (Dec) earnings of $0.26 per share, excluding non-recurring items, $0.05 better than the Capital IQ Consensus Estimate of $0.21; revenues rose 22.5% year/year to $213.7 mln vs the $207.55 mln consensus. Net new business awards of $316.3 million, representing growth of 10.9% and a book-to-bill ratio of 1.5x.

    Co issues guidance for FY15, sees EPS of $1.19-1.29 vs. $1.20 Capital IQ Consensus; sees FY15 revs of $870-900 mln vs. $879.23 mln Capital IQ Consensus Estimate.

    Sentiment: Strong Buy

  • citiccgirl citiccgirl Feb 24, 2015 1:06 PM Flag

    Valuation

    • Given its double-digit earnings growth potential, INCR's valuation looks reasonable in our view. At the moment, it is trading with a 1-year forward P/E of 21.8x (using the mid-point of its guidance) and a 1-year forward P/S of 1.8x. Meanwhile, PRAH is trading at 20.5x and 1.2x, also quite reasonable.

    Conclusion

    INCR's solid Q4 report and guidance bolsters are bullish stance on the stock as demand for its services remains very healthy. While INCR won't be confused for a young, up-and-coming tech company growing the topline by triple digits, it should be poised for solid double-digit earnings growth over the foreseeable future.

    After reaching post-IPO highs in mid-January, the stock tumbled lower over the following month before stabilizing in the $22.50 areas. Since then, the stock has been strong, up nearly 20%. There is resistance in the $28 area that traders should be mindful of, but, if it can push past that level to trade to new post-IPO highs, the stock could gain additional attention from traders.

    All in all, we view INCR as a solid intermediate term investment opportunity.

    Sentiment: Strong Buy

  • citiccgirl citiccgirl Feb 24, 2015 1:05 PM Flag

    Guidance & Outlook

    • INCR guided for EPS of $1.19-$1.29 vs. the $1.20 Capital IQ Consensus. At the mid-point, this would be $1.24 vs. $1.20. For revenue, INCR projected $870-$900 million vs. the $879.23 million. Again, this is above consensus at the mid-point, $885 million vs. $879.23 million.

    • On a growth basis, this would equate to year/year EPS growth of 49% and revenue growth of 9%.

    • In our past reports on INCR and PRAH, we have discussed how the ramping activity for clinical trials has provided a sharp pick-up in demand for CROs. Additionally, many pharmaceutical and biotech companies are finding it more cost effective to hire CROs to conduct trials. This trend continues to play out as INCR's backlog grew 7$ in FY14 to $1.6 billion. The company noted during its conference call that the most recent market studies continue to estimate the market for CRO services for Phase 2-Phase 4 clinical development to grow in the high single digits over the next three to five years.

    • From a more company-specific standpoint, INCR's acquisition and integration of MEK consulting in 1H14 has also provided a catalyst, expanding its reach and footprint in several geographies like Greece, Turkey, the Middle East, North Africa, and Japan.

    Sentiment: Strong Buy

  • THE NEXT BIG THING | Updated: 24-Feb-15 | Archive
    Analysis of upcoming IPOs and spin-offs, as well as secondary plays on highly-anticipated new issues.

    INC Research (INCR): Strong Quarter Bolsters Bullish Sentiment

    Before the open, INC Research (INCR) issued its Q4 earnings, its first quarterly report since going public on November 7, 2014. The company handily surpassed the top and bottom line estimates and issued FY15 EPS and revenue guidance that is above consensus at the mid-point of the range.  The results have popped shares higher by as much #$%$. 

    A week earlier, its CRO peer PRA Health Sciences (PRAH) -- which went public a week after INCR -- delivered its Q4 results, also exceeding the consensus estimates, providing an indication that INCR might follow suit with a solid report. With both companies outperforming expectations, it is also further evidence that the CRO industry is buzzing with activity.

    Sentiment: Strong Buy

  • vGLNG is going to follow OIL & USO tick to pre-market highs in recent trade with CLh5 now 52.78 +1.57

    Sentiment: Strong Buy

  • Breaks

    February 11, 2015

    10:16 EDT GLNG

    Golar LNG upgraded to Buy from Sell at ABN Amro (pre-open)
    Pre-open, ABN Amro upgraded Golar LNG to Buy based on valuation and progress made in the FLNG space. Price target $38

    Sentiment: Strong Buy

  • citiccgirl citiccgirl Jan 22, 2015 5:02 PM Flag

    Over the past several years, the company has increased its exposure to large biopharmaceutical companies through acquisitions and organic means, providing it with the opportunity to compete for large late-stage clinical development trials. In 2013, about 57% of its revenue was attributed to large biopharmaceutical companies. Its proprietary "Trusted Process" operating model provides it with a competitive advantage. Namely, the model standardizes methodologies, increases the predictability of the delivery of its services, and reduces operational risk.

    the industry climate is favorable for INCR as biopharmaceutical companies continue to outsource clinical trials -- particularly in complex, high-growth therapeutic areas. To put the opportunity into context, the company estimates that total biopharmaceutical spending on drug development in 2013 was about $75 billion and will grow 3-4% annually through 2018. Furthermore, INCR believes that the market for CRO services for Phase 1 - Phase 4 development services will grow at a rate of 8-9% through 2018.

    Sentiment: Strong Buy

  • These CROs are Poised For Solid Growth in Year(s) Ahead (INCR, PRAH)Anyone who has followed the IPO market over the past year or so is well aware of the barrage of development stage pharmaceutical companies going public. By our count, there were a staggering seventy-six pharmaceutical or biopharmaceutical IPOs in 2014. Furthermore, as we look at the IPO pipeline so far for 2015, there are plenty more pharmaceutical IPOs readying to go public. With so many companies raising capital to finance clinical trials, this should bode especially well for contract research organizations (CROs) which generate revenue by assisting in and conducting clinical trials for pharmaceutical and medical device companies.

    There have been two recent IPOs in the CRO field in recent weeks: INC Research (INCR) and PRA Health Sciences (PRAH). Both have performed well out of the gate, up 28% and 29% respectively, with INCR showing notable relative strength of late. While these may not be "homerun-type" names, we do feel that each offer solid longer-term investment opportunities due to the favorable trends underlying their businesses. In a volatile market, companies like INCR and PRAH -- which have strong backlogs -- may look more and more attractive to a growing number of investors.

    Here is a closer look at each company:

    For some background, INCR solely focuses on Phase 1 to Phase 4 clinical trials for biopharmaceutical and medical device companies. The company is particularly focused on trials surrounding the Central Nervous System, oncology, and complex diseases such as genetic disorders and infectious disease. Based on industry data, INCR estimates that these areas represent over 55% of total Phase 3 drugs under development

    Sentiment: Strong Buy

  • 20-Jan-15 15:20 ET

    COMDX

    Commodities Trade: PDS Long Position Idea (5.21 -0.16)

    I'm taking a 1/3 size long position in Precision Drilling (PDS) following our news... 'Hearing sell side shop out suggesting SLB could have an interest in PDS Precision DrillingPrecision Drilling.' Please see 15:16 post.

    Following the HAL/BHI merger, which hasn't closed yet, I've been watching for names that SLB may want to acquire following that giant merger. Earlier this morning, SLB had already reported that it had taken a $1.7 bln stake in Russia's largest oil and gas driller Eurasia Drilling Co. (EDCL), Ask $5.22. More color later... bigger than average volume happening right now.



    20-Jan-15 15:16 ET

    PDS

    Precision Drilling: Hearing sell side shop out suggesting SLB could have an interest in PDS (5.06 -0.29)

    Sentiment: Strong Buy

  • GMLP Golar LNG Partners announces secondary offering of 7,170,000 common units by Golar LNG Limited

    GLNG is not doing a secondary but makes all the money :)) ..that's why you create a partner...GMLP is doing the seconday

    GMLP is GLNG's partner. GLNG is the Parent. Similar to CQP and LNG. The relationship benefits the Parent, as the partner is often used for issuing stock etc...that's why the dividend is higher for the partner, because the alliance benefits the parent.

    Sentiment: Strong Buy

  • FEYE Topeka believes FireEye shares could play "catchup" in 2015 following 2014 underperformance. The firm expects FireEye's position in Advanced Persistent Threat market, expansion of its Total Addressable Market through entry into Endpoint Protection, increased awareness of highly publicized data breaches, and operating margin expansion to drive shares.

    The firm rates FireEye a Buy with a $45 price target

    Sentiment: Strong Buy

  • citiccgirl citiccgirl Dec 26, 2014 3:22 PM Flag

    GLNG is the one that will benefit the most. Not NVGS

    Sentiment: Strong Buy

  • citiccgirl citiccgirl Dec 24, 2014 11:36 AM Flag

    That was the day after their earnings...I guess WFC doesn't agree with you!

  • citiccgirl citiccgirl Dec 24, 2014 11:35 AM Flag

    GLNG Golar LNG reported solid Q3 results, says Wells Fargo
    Wells Fargo views Golar LNG's Q3 results as "positive on just about all fronts" and attributes part of Wednesday's sell-off in shares to an "early misreading of the report that was picked up in trade press." Wells points out Golar reaffirmed its timeline for the Cameroon FLNG project. The firm reiterates an Outperform rating on the stock with a $67-$76 price target range.

    Sentiment: Strong Buy

  • Cramer said this yesterday about Nat Gas Carriers. He's a bit confused that Navigator is Product tanker Liquified Petroleum Gas....GLNG would be the one to benefit from what cramer is highlighting here..."It's still too early to begin picking among the rubble in the energy sector, Cramer told viewers, but that doesn't mean there aren't bargains to be had in stocks that have been wrongfully accused of being energy stocks. That's certainly the case with Navigator Holdings (NVGS) , Cramer pointed out. This purveyor of liquified natural gas ships doesn't have anything to do with the price of oil or gas.

    Shares of Navigator are down a stunning 40% from their highs, Cramer noted. Investors have mistakenly viewed the company as another casualty of falling energy prices. But what matters to Navigator is not the price of what it carries in its 26 vessels, but the imbalance of where gas is found versus where it needs to go.

    Navigator benefits from classic supply and demand: surplus versus shortage. The U.S. currently has a ton of excess natural gas while the rest of the world is in dire need of more. The U.S. has no less than five export terminals currently under construction. Just one of those terminals, the one being developed by Enterprise Product Partners (EPD) , is set to open in late 2015 and is already 85% subscribed. That terminal alone will need 25 new ships to transport its gas. "

    Sentiment: Strong Buy

  • citiccgirl citiccgirl Dec 24, 2014 8:35 AM Flag

    Read this again! Cramer article from yesterday

    Sentiment: Strong Buy

  • What to Buy in Oil and Biotech?
    By Jim Cramer | Dec 23, 2014 | 2:36 PM EST
    SLB, RDS.A, EPD, COG, EOG, ISIS, CELG, ESRX, CI, UNH

    "Now, how about the other group that is still in freefall -- the biotechs? I like Isis (ISIS) and I like Celgene (CELG) because they have been hammered and they both have products that aren't about to get the Express Scripts (ESRX) treatment.

    I think that ESRX has had enough of a run and I would rather own Cigna (CI) or UnitedHealth (UNH). Again, no hurry, but they are down and if we get some slower number we will wish we had bought."
    "

  • citiccgirl citiccgirl Dec 17, 2014 11:22 AM Flag

    I meant I had a small position of VOLC, and i meant to add. Oh I wish had! My position in FEYE is larger :)

    Sentiment: Strong Buy

  • citiccgirl citiccgirl Dec 17, 2014 10:28 AM Flag

    wow, i got downgraded by three people?

    Sentiment: Strong Buy

  • VOLC got bought out as predicted, I have a very small position. I forgot to add. I was going too :( I have so little...at least I have some...but...but, can I go back in time? lol...I would use going back in time for something really important though!

    VOLC is getting bought out at $18 a share...now the next prediction FEYE ...fingers crossed :))

    Sentiment: Strong Buy

NNA
3.51-0.04(-1.13%)Mar 3 4:02 PMEST

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