How Project Loon has helped connect people in flood zones around Lima, Chimbote and Piura
SIOUX FALLS, S.D., May 09, 2017 (GLOBE NEWSWIRE) -- Raven Industries (RAVN) announced today that Heather Wilson has resigned from its board of directors effective immediately. Wilson was recently confirmed to be the U.S. Secretary of the Air Force.
“Heather brought a useful perspective to the board with her range of experiences and knowledge on a variety of global and domestic issues,” said Dan Rykhus President and CEO of Raven Industries. “Raven and its board of directors thank Heather for her leadership and service to the company.”
Wilson, who has served on the board since 2016, shared the same sentiment, "I have very much enjoyed my service with Raven, and I wish them all the best."
The trading setup for RAVN looks very alluring with net profit margin hitting 7.30%. The last time things got this interesting there were explosions. google aawesomestocks - they offer pretty good trade alerrts. you dont have to trade their tickers but it definetly helps you recognize possible patterns for stocks you're trading.
New accounting firm announced today. Switching from PWC to Deloitte. Not a big surprise considering all the refilling they had to do. They didn't really blame PWC, but I expect they were hoping for better advice on accounting issues and were disappointed that they had to refile all those reports.
X axis : Stocks Price Correlation Coefficient Y axis : Quantity of stocks May-2016 1,000 Day Parameter 2,830 NASDAQ Stocks Price Analysis This stock mode of correlation coefficient is 0.8 In other words, the correlation coefficient of the other stock
Received an alert this am about $RAVN from http://monstastocks.com/?s=RAVN, you may want to take a look. The fifth rule of politics: when a politician gets an idea Investing making money.
Monsta Stocks: Trading Stocks and Making Money
Stock alerts from the Monsta Stocks. Stock trading, making money and always looking for the next big money maker.
FWIW, I posted an update to the Google Loon project on the IV message board.
RAVN: Message Board for Raven Industries, Inc. - InvestorVillage
Raven Industries, Inc. Message board - Online Community of active, educated investors researching and discussing Raven Industries, Inc. Stocks.
Interesting times ahead for RAVN over the short term. I mean, what else can we all expect from a neutral performance % (ytd) of 16.07%. Interesting times for sure... Not sure how awesom-eSTOCKS finds all these incredible trade ideas but im happy.
Interesting that the Short Interest in RAVN has gone from 2.5M to 600,000 over the last year.
Up 7% today. Kind of strange. No news that I noticed. Pretty much doubled off the March low in the $13 range.
NT-10Q filed today.
We currently anticipate that the results of operations for the quarter ended October 31, 2016 will be significantly different from the corresponding period for the last fiscal year on a reported basis based on improved operating results driven by sales growth and margin improvement in both the Company’s Applied Technology and Engineered Films Divisions, offset by weakness in the Aerostar Division’s performance. These trends in the Company’s operations are consistent with performance trends experienced for the period ended July 31, 2016. However, until the Company has completed its review of the matters impacting restatement of prior periods, and completes procedures with respect to current period matters, the Company is unable to estimate the results of operations for the third quarter. Until the Company has completed its review and files its amended reports, the Company will not be reporting financial results for the period ended October 31, 2016.
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And finally, a NT 10-Q filing. Doesn't sound that significant.
Raven Industries, Inc. (the “Company”) has identified two deficiencies in the design and one deficiency in the operating effectiveness of its internal controls over financial reporting each of which existed as of October 31, 2015, January 31, 2016 and April 30, 2016. The design deficiencies relate to i) verification and monitoring of the Company’s inventory cycle counting process and ii) management’s testing over the reliability of system-generated information used in its financial reporting process. The deficiency in operating effectiveness relates to the development and review of estimates used in the cash flow forecasts related to the fiscal 2016 goodwill impairment assessment for Vista Research, Inc. (“Vista”). The Company has determined that the two design deficiencies are material weaknesses and is continuing to evaluate the severity of the operating effectiveness deficiency which could also result in a material weakness.
Management is diligently assessing any potential effect on the Company’s previously issued financial statements with respect to the goodwill impairment. It is possible that through this process the Company will determine that the amount of the goodwill impairment recorded in fiscal 2016 could be adjusted, and such adjustment could be material. The Company previously determined that the goodwill of the Vista reporting unit was impaired by $7.4 million. At the end of fiscal year 2016, the remaining goodwill amount related to Vista was $4.1 million.
On September 12, 2016, the Company determined that it will file an amendment to its Annual Report on Form 10-K for the fiscal year ended January 31, 2016 as well as to its Quarterly Report on Form 10-Q for the quarters ended April 30, 2016 and October 31, 2015 to reflect the conclusions by the Company’s management that internal control over financial reporting and disclosure control and procedures were not effective as of those dates.
As a result of the continuing analysis of these matters, the Company has not been able to finalize its Quarterly Report on Form 10-Q for the period ended July 31, 2016. The Company will file such Quarterly Report on Form 10-Q after the Company completes its analysis.
SEC form SC 13G/A for Blackrock just released today. They upped their position from 2 million shares to almost 3.7 million shares. Now over 10% of outstanding shares. Those guys are usually pretty smart.