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Apollo Global Management, LLC Message Board

lawstuff22 216 posts  |  Last Activity: 14 hours ago Member since: Jul 28, 2006
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  • Apr 22, 2014--Raymond James upgrades MAIN to Market Perform from Outperform price target $34.00

  • 7:06 am MGIC Investment beats by $0.04, misses on revs (MTG) : Reports Q1 (Mar) earnings of $0.15 per share, $0.04 better than the Capital IQ Consensus Estimate of $0.11; revenues fell 12.7% year/year to $235.1 mln vs the $242.35 mln consensus.

    As of March 31, 2014, MGIC's primary insurance in force was $157.9 billion, compared with $158.7 billion at December 31, 2013, and $159.5 billion at March 31, 2013. Persistency, or the percentage of insurance remaining in force from one year prior, was 81.1 percent at March 31, 2014, compared with 79.5 percent at December 31, 2013, and 78.7 percent at March 31, 2013.
    At March 31, 2014, the percentage of loans that were delinquent, excluding bulk loans, was 7.92 percent, compared with 8.92 percent at December 31, 2013, and 10.91 percent at March 31, 2013.
    New insurance written in the first quarter was $5.2 billion, compared to $6.5 billion in the first quarter of 2013

  • Piper Jaffray assumes coverage today of Ruckess Wireless to overweight. Price target $14

  • Reply to

    DANG up today...

    by lawstuff22 Apr 21, 2014 7:42 AM
    lawstuff22 lawstuff22 Apr 22, 2014 3:12 PM Flag

    This was easy, wait till they announce the Alibaba ipo

  • lawstuff22 by lawstuff22 Apr 23, 2014 11:29 AM Flag

    E*Trade Financial Corp : Wells Fargo raises to outperform from market perform

  • lawstuff22 by lawstuff22 Apr 23, 2014 9:59 PM Flag

    4:26 pm E*TRADE beats by $0.10, beats on revs (ETFC) : Reports Q1 (Mar) earnings of $0.33 per share, $0.10 better than the Capital IQ Consensus Estimate of $0.23; revenues rose 13.1% year/year to $475 mln vs the $459.02 mln consensus.

    Company's income tax expense included approx $7 mln of benefit related to a recent change to the New York state tax code and its impact on state deferred taxes.
    Positive investor sentiment elevated brokerage activity to its highest level in nearly five years, which aided record net new brokerage assets and brokerage account retention
    Reported DARTs of 198,000 during the quarter, an increase of 24 percent from the prior quarter and an increase of 33 percent vs the same quarter year ago
    Company ended quarter with 3.1 million brokerage accounts, an increase of 72,000 from the prior quarter. This compared with 22,000 net new brokerage accounts in the fourth quarter of 2013 and 30,000 in the first quarter of 2013.
    Brokerage account attrition for the quarter was a record low for Company at 7.1 percent annualized

  • 4:26 pm E*TRADE beats by $0.10, beats on revs (ETFC) : Reports Q1 (Mar) earnings of $0.33 per share, $0.10 better than the Capital IQ Consensus Estimate of $0.23; revenues rose 13.1% year/year to $475 mln vs the $459.02 mln consensus.

    Company's income tax expense included approx $7 mln of benefit related to a recent change to the New York state tax code and its impact on state deferred taxes.
    Positive investor sentiment elevated brokerage activity to its highest level in nearly five years, which aided record net new brokerage assets and brokerage account retention
    Reported DARTs of 198,000 during the quarter, an increase of 24 percent from the prior quarter and an increase of 33 percent vs the same quarter year ago
    Company ended quarter with 3.1 million brokerage accounts, an increase of 72,000 from the prior quarter. This compared with 22,000 net new brokerage accounts in the fourth quarter of 2013 and 30,000 in the first quarter of 2013.
    Brokerage account attrition for the quarter was a record low for Company at 7.1 percent annualized

  • Reply to

    ETFC Earnings-BEAT-BEAT-BEAT

    by lawstuff22 Apr 23, 2014 10:00 PM
    lawstuff22 lawstuff22 Apr 24, 2014 8:30 AM Flag

    all good and lot's of upgrades

  • Reply to

    Institutions are accumulating

    by nhood310 Apr 23, 2014 9:30 PM
    lawstuff22 lawstuff22 Apr 24, 2014 10:25 PM Flag

    Following the stellar debut of Weibo, China's Twitter-like microblogging service, Chairman Charles Chao said that in retrospect the initial public offering (IPO) was priced too low.

    Weibo shares have risen 33 percent above the IPO price of $17 since its debut on the Nasdaq exchange last Thursday. Shares were priced at the bottom end of the $17 – $19 range.

    "In hindsight, I priced it a little bit low. But if you look at the market in the last 2 weeks it was very tough," all of the IPOs were priced below the range and most traded below their IPO price, Chao told CNBC on the sidelines of a summit organized by the China Entrepreneur Club in Nanning, the capital city of Guangxi province of China.

  • Following the stellar debut of Weibo, China's Twitter-like microblogging service, Chairman Charles Chao said that in retrospect the initial public offering (IPO) was priced too low.

    Weibo shares have risen 33 percent above the IPO price of $17 since its debut on the Nasdaq exchange last Thursday. Shares were priced at the bottom end of the $17 – $19 range.

    "In hindsight, I priced it a little bit low. But if you look at the market in the last 2 weeks it was very tough," all of the IPOs were priced below the range and most traded below their IPO price, Chao told CNBC on the sidelines of a summit organized by the China Entrepreneur Club in Nanning, the capital city of Guangxi province of China.

  • Reply to

    Time to Buy

    by reallyyousure Apr 28, 2014 9:01 AM
    lawstuff22 lawstuff22 Apr 28, 2014 9:04 AM Flag

    that's what i am doing

  • Reply to

    BEAT Earnings

    by smo0th0perat0r Apr 28, 2014 4:32 PM
    lawstuff22 lawstuff22 Apr 28, 2014 4:43 PM Flag

    First quarter worldwide volume growth of 9 percent compared to the prior year period.Adjusted EPS1 of $1.50 increased 18 percent as compared to the same period in the prior year. Reported EPS of $0.74 primarily reflects a foreign exchange loss for Venezuela and other items.Raises FY'14 adjusted2 diluted EPS guidance to a range of $6.10 to $6.30.Generated $191 million in operating cash flow in first quarter 2014.Board of Directors takes steps to accelerate cash returns to shareholders – terminates dividend, determines to utilize cash instead to repurchase stock during the second quarter.

  • Apr 28, 2014 6:28 PM EDT
    By Matt Levine

    a
    A

    Herbalife announced earnings this afternoon and, I don't know, earnings. I prefer to think of Herbalife as a frayed rope in a financial tug-of-war rather than as a company with earnings, but nonetheless there were earnings.

    Net income for the quarter ending in March was $74.6 million; cash flow from operations was $190.6 million; amount going out the door for share repurchases was $694.5 million, and that doesn't count another $123.8 million for capped call transactions. Or the $255 million that Herbalife spent over the first 18 trading days in April to buy even more stock. That's a total of more than $1 billion spent on buying back shares, one way or another, almost equal to the $1.15 billion that Herbalife raised in its big convertible bond offering in February.1

    Those are irresistibly big numbers, and I did not resist them. Here are Herbalife's share repurchases, as a percentage of daily volume:2

    Those are kind of wild numbers! And, actually, the first-quarter numbers are a bit exaggerated, since Herbalife did most of its buying in one big swoop, from hedge funds who were naturally set up to sell stock to hedge the convertible that it issued. If you ignore that one day of buying, basically Herbalife averaged less than one percent of daily volume for the previous 15 months -- and then almost 10 percent of volume in April.

    For comparison, Bill Ackman's "rapid accumulation" of Allergan stock -- which pushed the stock price up by 22 percent over six trading days -- ran at about 34 percent of daily volume. You would not be crazy to assume that Herbalife's buying has had a smaller, but still significant, effect in propping up the stock price.

    Or another comparison: Net income over the past 15 months totals about $650 million; cash flow from operations was a little under $1 billion. Throw in the $297.4 million that Herbalife spent on share repurchase last year, and you get over $1.3 billion of share repurchases

  • Reply to

    Bloomberg story on HLF..Love it

    by lawstuff22 Apr 28, 2014 8:02 PM
    lawstuff22 lawstuff22 Apr 28, 2014 8:06 PM Flag

    and related transactions in the last 16 months, well ahead of operating cash flow and more than double net income. Herbalife is funneling money to shareholders faster than it can make it.

    And the pace is speeding up -- as you can tell not only from that spike in April, but also from the fact that Herbalife canceled its dividend to buy more stock:

    The company’s board of directors also announced today that, as part of its goal to accelerate cash returns to shareholders, it has approved terminating the company’s quarterly cash dividend and instead utilizing the cash to repurchase additional shares of the company’s outstanding common stock during the second quarter of 2014.

    The company now expects to repurchase a total of $581 million of its outstanding common stock during the second quarter of 2014 as part of its previously announced $1.5 billion share repurchase program. The $581 million is comprised of the approximately $315 million expected to be purchased in April as part of a 10b5-1 trading plan ($255 million already completed as of Friday, April 25); plus the $50 million included in previous guidance and $216 million that otherwise was expected to be returned to shareholders in the form of quarterly cash dividends over the next eight quarters.

    Notice that there's $60 million left to do in April -- that is, today, tomorrow and Wednesday. The stock is at around $60, meaning that Herbalife needs to buy about a third of a million shares a day, or almost 13 percent of April's average volume, over the beginning of this week. Even without looking at earnings, you can understand why the stock is up in after-hours trading: There's going to be a huge buyer tomorrow.3

    I do not know what to tell you! Carl Icahn is pleased:

    Great move by #HLF to suspend dividend & buyback shares. $HLF accelerates return to shareholders. Confirms confidence in the future.

    And, sure: Herbalife decided to accelerate two years of dividends into two months of stock buybacks. Muc

  • Apr 29, 2014 Raymond James Upgrades from Underperform to Market Perform
    Apr 29, 2014 Morgan Stanley Upgrades from Underweight to Equalweight
    Apr 29, 2014 Citigroup Maintains Buy $18.500
    Apr 29, 2014 Credit Suisse Upgrades from Underperform to Outperform $20.000

  • Reply to

    BWP upgrades today...tgt..$20

    by lawstuff22 Apr 29, 2014 2:33 PM
    lawstuff22 lawstuff22 Apr 29, 2014 2:36 PM Flag

    In a report published Tuesday, Credit Suisse analyst John Edwards upgraded the rating on Boardwalk Pipeline Partners LP (NYSE: BWP from Underperform to Outperform, and raised the price target from $15.00 to $20.00.

    In the report, Credit Suisse noted, “The bottom on BWP appears to be in. After a detailed review asset by asset, and after taking into account contract roll-offs, offset by likely contract reversals amid a growing demand for N to S pipeline capacity, we believe that BWP is likely to be capable of raising its distribution back to a normalized pay-out as early as 2017, though we have continued to assume 2018. Consequently, we have raised our estimated pay-out by $0.20/unit/year in 2018, to $1.60/year, followed by $0.01/unit/Q increases through 2020, 5% increases thereafter and an assumed 1% terminal growth rate.”

  • Reply to

    Janney Initiates P/T $121

    by qofaslave69 Apr 29, 2014 5:37 PM
    lawstuff22 lawstuff22 Apr 29, 2014 5:43 PM Flag

    You have to love this upgrade AH...$121.00....... SWEET!

  • lawstuff22 by lawstuff22 Apr 30, 2014 10:31 AM Flag

    this stock has now bottomed with the news now coming out

  • lawstuff22 by lawstuff22 Apr 30, 2014 12:35 PM Flag

    this stock has now bottomed with the news now coming out

APO
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