Despite bad news for Barbie sales, Jack Adamo continues to see long-term value at this leading toy maker. Here's the latest from his Insiders Plus newsletter.
Mattel Inc. (MAT) reported Q4 net income of $1.07 per share, compared to last year's $0.87, but there were one-time items that made the comparisons seem better than they were.
Net sales decreased 6%. North American sales plummeted 10%, while international sales were flat.
For the year, the company reported net income of $2.58 per share, compared to last year's $2.22 per share, but, again, there were a lot of items. Net sales increased 1%. Full year gross sales were down 2% in North America and up 5% internationally.
Cash flow was also disappointing, primarily driven by higher working capital usage, partially offset by higher net income. For the year, net cash flows, from operating activities, were approximately $698 million, down from $1.28 billion in 2012.
On the face of it, I'm not too put off by these numbers. The toy business is inherently lumpy, due to the timing of new products, especially film-related toys.
Top 10 Net Payout Yield Stocks To Own Right Now: Resolute Energy Corporation(REN)
Resolute Energy Corporation, an independent oil and gas company, engages in the acquisition, exploration, exploitation, and development of oil and gas properties in the United States. It primarily holds interests in the Aneth Field properties that cover approximately 43,000 gross acres on the Navajo Reservation in southeast Utah. The company? producing properties are located in the Powder River Basin, Wyoming; the Bakken shale trend of the Williston Basin in North Dakota; and the Permian Basin of Texas It also owns exploration properties in the Permian Basin of Texas; and the Big Horn and Powder River Basins of Wyoming. As of December 31, 2011, the company had estimated net proved reserves of approximately 64.8 million equivalent barrels of oil. Resolute Energy Corporation is based in Denver, Colorado.
Advisors' Opinion:- [By Monica Gerson]
Resolute Energy (NYSE: REN) is projected to report its Q4 earnings at $0.04 per share on revenue of $89.46 million.
Perfect World Co (NASDAQ: PWRD) is expected to post its Q4 earnings at $0.43 per share on revenue of $142.11 million.
Top 5 Forestry Stocks To Own Right Now: American International Group Inc.(AIG)
American International Group, Inc. is an international insurance organization. The company operates property and casualty insurance networks worldwide and conducts activities in the U.S. life insurance and retirement services industry. It also involves in commercial aircraft leasing and residential mortgage guaranty insurance businesses. The company, through Chartis Inc., provides various property and casualty insurance products under commercial and consumer categories worldwide. These products include surplus lines, executive liability/directors? and officers? liability, employment practices, excess casualty, and travel/assistance lines. American International Group, through SunAmerica Financial Group, offers a suite of life insurance and retirement products and services, including term life, universal life, accident and health, fixed and variable deferred annuities, fixed payout annuities, mutual funds, and financial planning products and services to individuals and grou ps in the United States. The company, through International Lease Finance Corporation, operates as an aircraft lessor that acquires commercial jet aircraft from various manufacturers and other parties, and leases those aircraft to airlines worldwide. It also sells aircraft from its fleet to other leasing companies, financial services companies, and airlines, as well as provides management services to third-party owners of aircraft portfolios. American International Group, through United Guaranty Corporation, issues residential mortgage guaranty insurance that covers mortgage lenders from the first loss for credit defaults on high loan-to-value conventional first-lien mortgages for the purchase or refinance of one- to four-family residences in the U.S. and internationally. The company was founded in 1967 and is based in New York, New York.
Advisors' Opinion:- [By Morgan Housel]
Or consider AIG (NYSE: AIG ) . Before it blew its top in 2008, the insurer enjoyed two decades of smooth, predictable, volatility-free profits:
- [By Holly LaFon]
David Abrams (Trades, Portfolio) of Boston-based Abrams Capital Management is a new guru. He formerly held a position at Seth Klarman (Trades, Portfolio)�� Baupost Group, and since founding his own fund in 1998, has returned about an annualized 15% for his clients. Abrams is a classic value investor who worked in merger arbitrage before his hedge fund days.With a value of $1.26 billion, Abrams��long portfolio holds just 13 stocks. Two positions were new in the first quarter: Microsoft Corp (MSFT) and Barnes & Noble (BKS).Microsoft (MSFT)Abrams purchased 3,420,000 shares of Microsoft in the first quarter, amounting to 11.1% of his portfolio. This makes it the third-largest position in his holdings, behind Western Union (WU) (22.5%) and AIG (AIG) (18.8%).Microsoft�� share price averaged $38 in the first quarter, and has moved up 9% since.Microsoft Corp was founded in 1975. It was incorporated in the State of Washington. Microsoft Corp has a market cap of $337.19 billion; its shares were traded at around $40.82 with a P/E ratio of 15.40 and P/S ratio of 4.10. The dividend yield of Microsoft Corp stocks is 2.60%. Microsoft Corp had an annual average earnings growth of 14.80% over the past 10 years. GuruFocus rated Microsoft Corp the business predictability rank of 3.5-star.Barnes & Noble (BKS)Abrams added 2,115,229 shares of Barnes and Noble in the first quarter, equal to 3.54% of the company�� shares outstanding and making the company 3.5% of his portfolio.Barnes and Noble had a share price average of $17 per share in the first quarter, and has increased by 14% since.Barnes & Noble Inc. was incorporated in Delaware in 1986. Barnes & Noble Inc. has a market cap of $1.2 billion; its shares were traded at around $20.06 with and P/S ratio of 0.20.Increase ��J.C. Penney (JCP)Abrams increased his slight position in J.C. Penney by 50% in the first quarter, adding 500,000 shares at an average price of $7 to his stake started the previous quarter o
- [By John Grgurich]
No news is good news
In terms of breaking news, it's also a quiet time right now for B of A, with no announcements of any lawsuits, fines, or regulatory actions to dampen investor spirits. That said, the there's still the pending trial with AIG (NYSE: AIG ) to consider. - [By Jessica Alling]
American International Group (NYSE: AIG ) has made some big moves in China over the past year, with both a divestiture and new investments. Recently, the insurer announced that it would be increasing its investment in the People's Republic and growing its exposure to that nation's continued growth.
Top 5 Forestry Stocks To Own Right Now: Casella Waste Systems Inc (CWST)
Casella Waste Systems, Inc., incorporated on March 1, 1993, is a vertically integrated solid waste, recycling, and resource management services company. The Company provide resource management and services to residential, commercial, municipal, and industrial customers, primarily in the areas of solid waste collection, transfer, disposal, recycling, and organics services. The Company operates in Vermont, New Hampshire, New York, Massachusetts, Maine, and Pennsylvania. As of May 31, 2013, the Company owned and/or operated 35 solid waste collection operations, 38 transfer stations, 16 recycling facilities, nine Subtitle D landfills, four landfill gas-to-energy facilities, one landfill permitted to accept construction and demolition, or C&D, materials.
The Company manages its solid waste operations on a geographic basis through two regional operating segments: the Eastern and Western regions, each of which includes a range of solid waste services, and its larger-scale recycling operations and commodity brokerage operations through its Recycling segment.
Solid Waste Operations
The Company solid waste operations consists a range of non-hazardous solid waste services, including collections, transfer stations, material recovery facility ( MRFs) and disposal facilities. A majority of its commercial and industrial collection services are performed under one to three-year service agreements, with prices and fees determined by such factors as collection frequency, type of equipment and containers furnished, type, volume and weight of solid waste collected, distance to the disposal or processing facility and cost of disposal or processing. Its residential collection and disposal services are performed either on a subscription basis. The Company transfer stations receive, compact and transfer solid waste collected primarily by various collection operations, for transport to disposal facilities by larger vehicles.
The Company�� MRFs, receive, sort, bale and res! ell recyclable materials originating from the municipal solid waste stream, including newsprint, cardboard, office paper, containers and bottles. The Company operates six MRFs in geographic areas served by its collection divisions. Revenues are received from municipalities and customers in the form of processing fees, tipping fees and commodity sales. The Company's MRFs, two of which are located in Vermont, two in Massachusetts and two in New York, are large-scale, high-volume facilities that process over 0.4 million tons per year of recycled materials delivered to them by municipalities and commercial customers under long-term contracts. The Company also operates MRFs as an integral part of its core solid waste operations, which generally process recyclables collected from its various residential collection operations.
Eastern region
The Eastern region consists of wastesheds located in Maine, southern and central New Hampshire and central and eastern Massachusetts. The Eastern region is vertically integrated, with transfer, landfill, organics and processing and recycling assets serviced by its collection operations. In February 2013, the Company aligned management of the NCES landfill with the Eastern region. NCES had been historically aligned with the Western region. In December, 2012 the Company acquired BBI Waste Services (BBI), which gave the Company additional hauling and transfer capacity in southern Maine.
Western region
The Western region includes wastesheds located in Vermont, north and south western New Hampshire and eastern New York that were previously included in the eliminated Central region. The portion of New York served by the Western region includes Clinton (operation of the Clinton County landfill), Franklin, Essex, Warren, Washington, Saratoga, Rennselaer and Albany counties. The Western region also consists of wastesheds in upstate New York (which includes Ithaca, Elmira, Oneonta, Lowville, Potsdam, Geneva, Auburn, Dunkirk, Jame! stown and! Olean). Its collection operations include leadership positions in nearly every rural market outside of the larger metropolitan markets, such as Syracuse, Rochester, Buffalo and Albany.
Recycling
Recycling is the processors and marketers of recycled materials in the eastern United States, consists six MRFs that process and then market recyclable materials that municipalities and commercial customers deliver to them under long-term contracts. Three of the 6 MRFs are leased, the other three are owned. During fiscal year ended April 30, 2013, Recycling segment processed and/or marketed approximately 0.5 million tons of recyclable materials including tons marketed through the Company's commodity brokerage operation. Recycling facilities are located in Vermont, New York and Massachusetts.
The Company competes with Waste Management, Inc, Republic Services, Inc, Waste Connections, Inc., Owens Corning, CertainTeed Corporation and Johns Manville.
Advisors' Opinion:- [By James Miller Phd]
As we can see, the firm has a higher ROE than it peers: Sharps Compliance, Casella Waste Systems, Inc. (CWST), Donaldson Company, Inc. (DCI) and GSE Holding Inc. (GSEH).
Top 5 Forestry Stocks To Own Right Now: Tokyo Electron Ltd (TOELY.PK)
Tokyo Electron Limited is a company mainly engaged in the manufacture and sale of electronic products for industrial uses. The Semiconductor Manufacturing Equipment, Flat-panel Display (FPD) and Photovoltaic Cell (PV) Manufacturing Equipment segment provides coaters and developers for wafer processing, plasma etching equipment, thermal processing systems, single wafer deposition systems, cleaning systems, coaters and developers for FPD manufacturing, ashing devices and plasma chemical vapor deposition (CVD) devices. The Electronic Component and Information Communication Equipment segment designs, develops, purchases and sells semiconductor products such as integrated circuits (ICs), computer and network equipment and software. The Others segment involves in logistics, facility management and insurance businesses. On April 1, 2013, it merged with two subsidiaries. In January 2014, the Company established TEL-Applied Holdings B.V. and a Japan-based company. Advisors' Opinion:- [By Stephen Simpson, CFA]
Ultratech isn't the only game in town, though, and there are multiple technologies and process steps that are going to play significant roles in the production of FinFETs and 3D circuits. With that, I would take a look at Mattson Technologies (MTSN), as this company has already accomplished the not-so-easy task of gaining meaningful share in the dry strip, rapid thermal processing (RTP), and etch markets despite competing with giants like Lam Research (LRCX), Applied Materials (AMAT), and Tokyo Electron (TOELY.PK).
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