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Briggs & Stratton Corporation Message Board

pipbustergreen 4 posts  |  Last Activity: May 10, 2015 10:28 PM Member since: Nov 28, 2005
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  • pipbustergreen by pipbustergreen May 10, 2015 10:28 PM Flag

    HWCC certainly has had its recent results affected by the plunge of oil prices which has resulted from reduced CAPEX spending by companies in the oil sector. The oil sector makes up about 1/3 of all capital spending in the United States. But this recent sell off I believe is overdone and gives a good entry point from a long term investor perspective based upon Friday's close at $9.22//share. HWCC did earn $0.13/share in this recent quarter despite lower sales due to reduced capital spending. But I believe oil prices have already bottomed earlier in the first quarter, 2015 and I would not be surprised to see oil (WTI) back above $70/barrel by end of 2015 and above $90/barrel in 2016. As oil prices go back up, CAPEX spending will return and HWCC will be a beneficiary of increasing oil prices. I would not be surprised to see HWCC back above $13/share sometime in 2016, a 40%+ return. While you wait, the company is going to throw you a 5%+ dividend and will likely continue to buy in their own shares at these attractive prices, both shareholder friendly. I am a buyer at this price point and will likely be a long term holder of HWCC.

    Sentiment: Buy

  • pipbustergreen by pipbustergreen May 7, 2015 7:44 PM Flag

    LEE posted a profit of $0.02/share ex items in the FYQ2 quarter, not bad considering this is typically their weakest quarter of the year. Revenue actually were positive Y/Y at up 0.9% as subs and digital revenue offset the declines in print revenue. They were able to pay down another $20M in debt and the Pulitzer notes should be done being paid off before the end of the fiscal year allowing management to start paying down the high interest debt. If revenues are flat in the current quarter, I would expect LEE to earn between $0.10-0.15/share ex items and to peel off another $20M in debt reduction.

    Sentiment: Buy

  • Reply to

    Earnings Next week

    by roger.berry Mar 6, 2015 7:18 AM
    pipbustergreen pipbustergreen Mar 13, 2015 7:43 PM Flag

    Conference call on Tuesday, March 17, St. Patrick's Day. I assume earning will be released that morning or the night before. May the luck of the Irish be with you.

    Sentiment: Buy

  • pipbustergreen pipbustergreen Feb 22, 2015 11:43 AM Flag

    Thanks for the post. With most media companies (Newscorp, Gannett, Tribune, Scripps) spinning off their newspaper properties as stand alone companies with little or no debt, it might make sense for some consolidations in the industry to allow for further cost reductions particularly since their focus will be strictly on the newspaper business. Will LEE be a target? Maybe not now, but as they continue to whittle down their debt and maintain their operating cash flow, they will become more attractive to other potential buyers. Management did send the signal to others that they would entertain offers through these statements.

    I also liked management giving direction on payment of the debt. After they finish paying off the Pulitzer notes (which should be done this year), they will start to pay off the higher interest rate 2nd Lien debt. Smart move. This will help lower interest being paid which can then be used for further debt reductions.

    Sentiment: Hold

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