M&A activity in the sector in 2015 is already double last year's, so perhaps that is the rising tide even for little KLIC.
"With all of the M&A activity in this sector, many wonder why 2015 was the year for consolidation. Several factors have come into play, such as the high production costs that make it hard for small and medium size companies to successfully compete against the major chip makers. Rising research and development costs also hinder smaller competitors and start ups, especially as the Internet of Things becomes more and more prominent. The increased use of chips in everyday items has forced chip companies to focus on low energy, low cost options, favoring large companies that can take advantage of economies of scale.
Another factor in the M&A activity is the changing international semiconductor market. China has been the world’s leading consumer of semiconductors for the past decade, but relies almost exclusively on foreign imports from countries such as the United States and South Korea. In hopes to become more self-sufficient, this summer Chinese officials announced a plan to invest $160 billion in local chip companies over the next decade, worrying major companies across the world that heavily rely on sales to China. The next five to ten years will be telling for the chip industry, as the Internet of Things progresses and international competition intensifies, possibly leading to even more M&A activity."
“The knee-jerk reaction to sell REITs on the prospects of rising interest rates flies in the face of some long-term data that suggest that REITs can—and have—performed quite well in rising interest rate environments,” notes T. Ritson Ferguson, CEO and co-CIO of CBRE Clarion Securities.
It's an operating charge. It relates directly to their operations. Sometimes claims are higher, sometimes they are lower. Reserves go up, reserves go down. It's part of the recurring operations of an insurance company.
You can't really count adjustment of LTC reserves as somehow non-operational or non-recurring. That is the business they are in.
"Reports Q3 (Sep) net operating earnings of $0.13 per share, excluding non-recurring items, $0.10 worse than the Capital IQ Consensus of $0.23."
Compass Point affirms Genworth Financial (NYSE: GNW) with a Buy rating and $7.50 price target after the company announced that Genworth Mortgage Insurance Corporation (GMICO), a wholly-owned indirect subsidiary of the company, has entered into an agreement to sell its European mortgage insurance business to AmTrust Financial Services, Inc. that is expected to result in net proceeds of approximately $55 million. Analyst Ken Billingsley sees the move as positive for Genworth as it unloads an underperforming operation and streamlines the company's focus on its profitable MI operations while enhancing PMIERs capital. The proceeds from the sale will boost the company's capital to apply to PMIERs as the European MI operations did not previously calculate into GNW's PMIERs requirements, Billingsley noted.
Santander's flexible Scrip Dividend program enables ADR holders to choose a payment alternative that best fits their respective investment goals. Shortly before the November dividend payment date, Santander will issue one right for every share of Santander outstanding. ADR holders will be able to instruct, as applicable, their broker or J.P. Morgan, as depositary of Santander's ADR program, to convert the rights according to one of three options:
Receive new ADRs (this is generally the default option, no Spanish tax withheld),
Sell rights in the Spanish market for cash (no guaranteed price but no Spanish tax withheld), or
Receive a fixed amount of cash from Santander (Spanish tax withheld at a rate of 19.5%).
,saying competitors including Palo Alto Networks Inc and Cisco Systems Inc catching up
"FireEye sentiment is "death-like" on the Street as many worry about the company's 3q results/long-term growth prospects and bloated operating expenses in an increasingly competitive space with Palo Alto becoming the clear winner," FBR Capital Markets & Co analyst Daniel Ives writes in a note.
Not sure if this is good or bad news but the market likes it, I guess, although light volume so maybe means nothing. Time will tell!
Why would shorts cover after news that validates their thesis? I'm long so hope this is a temporary drop but it sounds to me like lots of delusional people on this board.