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Apollo Global Management, LLC Message Board

lawstuff22 391 posts  |  Last Activity: 12 hours ago Member since: Jul 28, 2006
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  • lawstuff22 lawstuff22 12 hours ago Flag

    Marc Lasry CEO of Avenue Capital on CNBC today said YRC is very under valued compared to its piers
    http://video.cnbc.com/gallery/?video=3000326394

  • RBC Capital Boost Price Target on Access Midstream Partners LP (ACMP) Outperform $71.00 to $77.00

  • Deutsche Bank Upgrades YRC Worldwide (YRCW) to Buy
    7:23 AM ET, 10/31/2014 - StreetInsider
    Deutsche Bank upgraded YRC Worldwide (NASDAQ: YRCW) from Hold to Buy with a price target of $24.00 (from $22.00).
    Analyst Robert Salmon said, "We are upgrading shares of YRCW to Buy (from Hold) as we believe Q3 represented the beginning of an LTL turnaround story that we believe will produce strong incremental margins as YRC Freight adds density to an underutilized fixed-cost network, raises yields given improving service and technology investments, and optimizes its cost structure. Yesterday, YRCW reported Q3 adjusted EBITDA of $81.6 million, which was above our estimate of $78.3 million and its pre-announced range of $75-80 million, as the company reaped the benefits from its network optimization initiatives, a strengthening pricing environment, and better cost controls."

  • Reply to

    db upgrdes to buy

    by yrcwworldwide 18 hours ago
    lawstuff22 lawstuff22 15 hours ago Flag

    Deutsche Bank Upgrades YRC Worldwide (YRCW) to Buy
    7:23 AM ET, 10/31/2014 - StreetInsider
    Deutsche Bank upgraded YRC Worldwide (NASDAQ: YRCW) from Hold to Buy with a price target of $24.00 (from $22.00).
    Analyst Robert Salmon said, "We are upgrading shares of YRCW to Buy (from Hold) as we believe Q3 represented the beginning of an LTL turnaround story that we believe will produce strong incremental margins as YRC Freight adds density to an underutilized fixed-cost network, raises yields given improving service and technology investments, and optimizes its cost structure. Yesterday, YRCW reported Q3 adjusted EBITDA of $81.6 million, which was above our estimate of $78.3 million and its pre-announced range of $75-80 million, as the company reaped the benefits from its network optimization initiatives, a strengthening pricing environment, and better cost controls."

  • lawstuff22 lawstuff22 Oct 30, 2014 4:16 PM Flag

    YRC Worldwide Reports 2014 Third Quarter Results
    4:02 PM ET, 10/30/2014 - GlobeNewswire

    OVERLAND PARK, Kan., Oct. 30, 2014 (GLOBE NEWSWIRE) -- YRC Worldwide Inc. (Nasdaq:YRCW) today reported financial results for the third quarter of 2014.

    Consolidated operating revenue for the third quarter of 2014 was $1.323 billion, $70.0 million or 5.6% higher than the $1.253 billion reported in the third quarter of 2013. At the same time, consolidated operating income increased from $5.8 million to $26.7 million, a $20.9 million increase from the third quarter of 2013. Operating income in 2014 included a $0.2 million loss on asset disposals compared to a $1.3 million loss on asset disposals in 2013.

    The company also reported, on a non-GAAP basis, adjusted EBITDA of $81.6 million for the third quarter of 2014, a $19.7 million increase from the $61.9 million of adjusted EBITDA reported for the third quarter of 2013 (as detailed in the reconciliation below).

    YRC Freight Third Quarter Results

    "During the third quarter of 2014, we experienced solid yield increases while maintaining tonnage levels at YRC Freight," said James Welch, chief executive officer of YRC Worldwide. "As previously reported, YRC Freight achieved total revenue per hundredweight increases of 2.8% in July, 3.3% in August and an additional 3.9% increase in September on a year-over-year basis. They also reported tonnage per day increases of 2.4% in July, 0.8% in August and 0.2% in September on a year-over-year basis.

    "In addition to increases in yield throughout the quarter, YRC Freight continued to perform on their operational initiatives which also increased profitability," continued Welch. "As we move forward, we will focus on technology investments that we believe will optimize our network freight flow and provide favorable yield improvement opportunities. Executing on our strategy of improving price and managing our freight mix to ensure that we have the right freight at the right price will continue to be a priority," stated Welch.

  • lawstuff22 by lawstuff22 Oct 30, 2014 8:35 AM Flag

    MGM (MGM) Reports In-Line Q3 EPS
    8:03 AM ET, 10/30/2014 - StreetInsider

    MGM (NYSE: MGM) reported Q3 EPS of $0.06, ex-items, in-line with the analyst estimate of $0.06. Revenue for the quarter came in at $2.5 billion versus the consensus estimate of $2.49 billion. "Our consolidated net revenues increased by 1% and EBITDA increased by 2% during the quarter. In Las Vegas, the market continues to improve as our top line revenues grew 3%. While we expected to have some negative impact to margins during the quarter as a result of the disruptions related to our investments in Delano at Mandalay Bay and the Strip frontage at Monte Carlo, we were also negatively affected by lower year over year table games hold and an increase in certain expenses. Looking forward, we remain highly focused on increasing revenues and expanding margins while driving operating leverage in an improving market," said Jim Murren, Chairman and Chief Executive Officer of MGM Resorts International, "MGM China reported a 12% increase in EBITDA to $214 million and margin expansion of 330 basis points despite a difficult market. The construction of MGM Cotai is progressing well and is on time, and on budget, for a fall 2016 opening."

  • Reply to

    RENN NEWS...

    by lawstuff22 Oct 28, 2014 8:16 AM
    lawstuff22 lawstuff22 Oct 28, 2014 3:33 PM Flag

    Renren's CEO Joseph Chen reveals his company is shopping for assets outside China and is considering an investment in a Hong Kong startup

  • Reply to

    RENN NEWS...

    by lawstuff22 Oct 28, 2014 8:16 AM
    lawstuff22 lawstuff22 Oct 28, 2014 3:31 PM Flag

    It's news worth paying attention too

  • Reply to

    Insiders own a large percentage of NQ

    by partyesq Oct 28, 2014 11:45 AM
    lawstuff22 lawstuff22 Oct 28, 2014 12:14 PM Flag

    They know more about it than most of us

  • lawstuff22 by lawstuff22 Oct 28, 2014 8:16 AM Flag

    Renren Is Looking to Divest Several Non-Core Businesses

    Chinese Social-Network company Is Planning to Sell Some Businesses As Part of Goal to Become Profitable


    By
    Yun-Hee Kim ...LAGUNA BEACH, Calif.—Chinese social-network company Renren Inc. is planning to sell some noncore businesses as part of its move to become profitable and is considering potential investment opportunities in the U.S. and Hong Kong, its chief executive said.

  • Pivotal Research Boost Price Target on Facebook Inc (FB) Buy $85.00 to $106.00

  • Reply to

    Softbank investment in RENN

    by john_rocket88 Oct 21, 2014 11:31 PM
    lawstuff22 lawstuff22 Oct 22, 2014 7:15 AM Flag

    This stock will not stay at cash level forever. Come get us Softbank

  • Reply to

    ETFC Upgraded today...

    by lawstuff22 Oct 20, 2014 8:19 AM
    lawstuff22 lawstuff22 Oct 20, 2014 5:52 PM Flag

    E TRADE Financial Corporation (NASDAQ: ETFC) shares got oversold in the recent market meltdown and now might offer investors a 24 percent upside, an analyst said Monday.

    The online trading company is down nearly 14 percent since market highs in September. It's expected to post earnings growth of 37 percent Tuesday after the market closes.

    Goldman Sachs' Alexander Blostein boosted his rating on E Trade to Conviction Buy on Monday, saying the market has also overreacted recently on several comparable stocks.

  • lawstuff22 by lawstuff22 Oct 20, 2014 8:19 AM Flag

    10/20/2014 ETFC E*TRADE Financial Corporation --Goldman Sachs Upgrades from Buy to Conviction Buy.

  • lawstuff22 lawstuff22 Oct 20, 2014 8:12 AM Flag

    WOW- You have to Believe

  • Wells Fargo & Co. Upgrades Calumet Specialty Products Partners, L.P to Outperform from Neutral raises price $31.00 to $35.00

  • In a report published Thursday, FBR Capital Markets analyst Paul J. Miller Jr. upgraded the rating on Bank of America Corp (NYSE: BAC) from Market Perform to Outperform, and raised the price target from $18.00 to $20.00.

    In the report, FBR Capital Markets noted, “We are upgrading Bank of America Corporation (BAC) shares to Outperform from Market Perform and raising our price target to $20 from $18, given the belief that our FY15E TBV of $15.61 per share should offer good downside support at existing levels. Given drastically reduced litigation expenses going forward, we think the core earnings power of the company should begin to accrete to existing shareholders, allowing book value growth at a company that has struggled to grow TBV since the crisis. We believe on target cost saves have proven management's ability to execute its strategy to improve shareholder returns, and position the company to potentially generate EPS approaching or in excess of our $1.60 estimate for 2015. As such, we think the shares are likely to garner multiple expansion from existing levels. Following 3Q14 results and in conjunction with our upgrade, we are adjusting our FY15E operating EPS to $1.60 from $1.50. Further, we are also adjusting our FY14E operating EPS to $1.45 from $1.37.”

  • Reply to

    Just Bought ATEN at $4.39(options)

    by lawstuff22 Oct 8, 2014 3:52 PM
    lawstuff22 lawstuff22 Oct 9, 2014 2:09 PM Flag

    really; that was not the case yesterday

APO
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