dividends paid
CGI GROUP INC. $24 (Toronto symbol GIB.A;Aggressive Growth Portfolio, Manufacturing &Industry sector; Shares outstanding: 307.7 million;Market cap: $7.4 billion; Price-to-sales ratio: 1.5; No dividends paid; TSI Network Rating: Extra Risk;www.cgi.com) is Canada’s largest provider of computer outsourcing services....
RUBY TUESDAY, INC. $7.99 (New York symbol RT; TSINetwork Rating: Speculative) (865-379-5700; www.rubytuesday.com; Shares outstanding: 63.7 million; Market cap: $509.0 million; No dividends paid) has just announced a new plan to refocus its operations.
Under this initiative, the company will discontinue three of the new restaurant concepts it was developing: it’s closing its 13 Marlin & Ray’s restaurants and its single Wok Hay location. It’s also selling its two Truffles Grill restaurants. The company will keep 15 of its 17 newly launched Lime Fresh locations; it will close the remaining two.
The plan is being carried out by J.J. Buettgen, whom Ruby Tuesday appointed as its new president and CEO in November 2012. Buettgen was formerly the chief marketing officer at Darden Restaurants (symbol DRI on New York). Darden is the world’s largest casual dining operator. Ruby Tuesday hired him for his expertise in promoting multiple brands. As well, he has worked on turning around Darden’s well-established but underperforming Olive Garden and Red Lobster chains.
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Under this initiative, the company will discontinue three of the new restaurant concepts it was developing: it’s closing its 13 Marlin & Ray’s restaurants and its single Wok Hay location. It’s also selling its two Truffles Grill restaurants. The company will keep 15 of its 17 newly launched Lime Fresh locations; it will close the remaining two.
The plan is being carried out by J.J. Buettgen, whom Ruby Tuesday appointed as its new president and CEO in November 2012. Buettgen was formerly the chief marketing officer at Darden Restaurants (symbol DRI on New York). Darden is the world’s largest casual dining operator. Ruby Tuesday hired him for his expertise in promoting multiple brands. As well, he has worked on turning around Darden’s well-established but underperforming Olive Garden and Red Lobster chains.
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AMAZON.COM $268.93 (Nasdaq symbol AMZN; TSINetwork Rating: Extra Risk) (206-266-1000; www.amazon.com; Shares outstanding: 453.0 million; Market cap: $121.8 billion; No dividends paid) and ADOBE SYSTEMS $37.88 (Nasdaq symbol ADBE; TSINetwork Rating: Average) (408-536-6000; www.adobe.com; Shares outstanding: 495.1 million; Market cap: $18.8 billion; No dividends paid) are part of a 12-company consortium that is buying bankrupt Eastman Kodak’s 1,100 digital-imaging patents for $525 million U.S.
Other members of the consortium include Apple, Google, Samsung, Research in Motion, Microsoft, China’s Huawei, Facebook and Fujifilm.
Under the deal, each of the 12 companies in the consortium will pay a portion of the total cost and then have access to all the patents.
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Other members of the consortium include Apple, Google, Samsung, Research in Motion, Microsoft, China’s Huawei, Facebook and Fujifilm.
Under the deal, each of the 12 companies in the consortium will pay a portion of the total cost and then have access to all the patents.
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GABRIEL RESOURCES $2.82 (Toronto symbol GBU; TSINetwork Rating: Speculative) (416-955-9200; www.gabrielresources.com; Shares outstanding: 380.1 million; Market cap: $91.1 billion; No dividends paid) aims to develop its 80.46%-owned Rosia Montana gold project in Romania. With an estimated 10 million ounces of gold reserves and 500,000 ounces of projected annual output, Rosia Montana could become Europe’s largest producing gold mine.
However, the proposed mine is near the site of ancient Roman mining tunnels. That has triggered protests from environmentalists, historians and other civic groups.
Gabriel recently won a vote related to its bid to build the mine. A regional referendum on the issue was held on December 9, 2012. Of the voters who participated, 62.45% supported the resolution to permit mining. In the community of Rosia Montana itself, support was even higher, at over 78% in favour.
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However, the proposed mine is near the site of ancient Roman mining tunnels. That has triggered protests from environmentalists, historians and other civic groups.
Gabriel recently won a vote related to its bid to build the mine. A regional referendum on the issue was held on December 9, 2012. Of the voters who participated, 62.45% supported the resolution to permit mining. In the community of Rosia Montana itself, support was even higher, at over 78% in favour.
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ENDEAVOUR SILVER $7.86 (Toronto symbol EDR: TSINetwork Rating: Speculative) (1-877-685-9775; www.edrsilver.com; Shares outstanding: 99.5 million; Market cap: $782.1 million; No dividends paid) operates the Guanacevi and Bolanitos silver/gold mines in Mexico, as well as the recently acquired El Cubo project.
In the three months ended December 31, 2012, Endeavour’s revenue jumped 281% from a year earlier, to $66.7 million (all amounts except share prices in U.S. dollars). The company hasn’t yet released its earnings or cash flow for the latest quarter.
The revenue gain was partly due to higher production and an increase in silver and gold prices. The company also held back on selling silver and gold a year ago in response to lower prices at that time.
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In the three months ended December 31, 2012, Endeavour’s revenue jumped 281% from a year earlier, to $66.7 million (all amounts except share prices in U.S. dollars). The company hasn’t yet released its earnings or cash flow for the latest quarter.
The revenue gain was partly due to higher production and an increase in silver and gold prices. The company also held back on selling silver and gold a year ago in response to lower prices at that time.
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GOODYEAR TIRE & RUBBER CO. $13.85 (Nasdaq symbol GT; TSINetwork Rating: Extra Risk) (330-796-2122; www.goodyear.com; Shares outstanding: 245.0 million; Market cap: $3.4 billion; No dividends paid) is the world’s largest tire maker, with 53 plants in 22 countries.
In the three months ended September 30, 2012, the weak global economy pushed down the company’s sales by 13.2%, to $5.26 billion from $6.06 billion a year earlier.
North American sales fell 6.0%, to $2.40 billion from $2.56 billion. Sales also declined by 20.1% in Latin America; 21.5% in Europe, the Middle East and Africa; and 5.7% in Asia. Unfavourable foreign currency moves also lowered Goodyear’s revenue.
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In the three months ended September 30, 2012, the weak global economy pushed down the company’s sales by 13.2%, to $5.26 billion from $6.06 billion a year earlier.
North American sales fell 6.0%, to $2.40 billion from $2.56 billion. Sales also declined by 20.1% in Latin America; 21.5% in Europe, the Middle East and Africa; and 5.7% in Asia. Unfavourable foreign currency moves also lowered Goodyear’s revenue.
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ADOBE SYSTEMS $37.88 (Nasdaq symbol ADBE; TSINetwork Rating: Average) (408-536- 6000; www.adobe.com; Shares outstanding: 495.1 million; Market cap: $18.8 billion; No dividends paid) reports that in the fourth quarter of its 2012 fiscal year, which ended November 30, 2012, its earnings fell 7.4%, to $307.9 million from $332.6 million a year earlier.
Before one-time items, earnings per share declined 9.0%, to $0.61 from $0.67, on more shares outstanding. Revenue was flat at $1.15 billion.
Adobe is doing a good job of selling its Creative Cloud package of photo-editing and desktop-publishing programs as a subscription service instead of a one-time purchase.
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Before one-time items, earnings per share declined 9.0%, to $0.61 from $0.67, on more shares outstanding. Revenue was flat at $1.15 billion.
Adobe is doing a good job of selling its Creative Cloud package of photo-editing and desktop-publishing programs as a subscription service instead of a one-time purchase.
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SYMANTEC CORP. $20.71 (Nasdaq symbol SYMC; TSINetwork Rating: Average) (1-408-517-8000; www.symantec.com; Shares outstanding: 693.9 million; Market cap: $14.4 billion; No dividends paid) sells computer-security technology, including anti-virus and email-filtering software, to businesses and consumers. It also offers data-archiving software that helps its clients meet increasingly strict regulatory and compliance standards.
In the three months ended September 28, 2012, Symantec’s revenue rose 1.0%, $1.70 billion from $1.68 billion a year earlier. The company gets 51% of its sales from overseas. Without the positive impact of exchange rates, revenue would have risen 5% in the latest quarter.
Successful cost cutting pushed up Symantec’s earnings per share by 15.4%, to $0.45 from $0.39, excluding one-time items.
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In the three months ended September 28, 2012, Symantec’s revenue rose 1.0%, $1.70 billion from $1.68 billion a year earlier. The company gets 51% of its sales from overseas. Without the positive impact of exchange rates, revenue would have risen 5% in the latest quarter.
Successful cost cutting pushed up Symantec’s earnings per share by 15.4%, to $0.45 from $0.39, excluding one-time items.
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ACI WORLDWIDE $44.87 (Nasdaq symbol ACIW; TSINetwork Rating: Speculative) (402-334-5101; www.tsainc.com; Shares outstanding: 39.4 million; Market cap: $1.8 billion; No dividends paid) makes software for processing transactions involving credit cards, debit cards, automated teller machines, point-of-sale terminals and interbank payments. Its products also help cut fraud.
In mid-February 2012, ACI completed its $540- million purchase of S1 Corp. This acquisition has been a good fit: S1 sells transaction software for banks, credit unions, retailers and other payment processors. It has over 3,000 clients worldwide.
In the third quarter of 2012, ACI’s revenue rose 38.3%, to $155.1 million from $112.1 million a year earlier. S1’s $47.8-million contribution was the main reason for the gain.
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In mid-February 2012, ACI completed its $540- million purchase of S1 Corp. This acquisition has been a good fit: S1 sells transaction software for banks, credit unions, retailers and other payment processors. It has over 3,000 clients worldwide.
In the third quarter of 2012, ACI’s revenue rose 38.3%, to $155.1 million from $112.1 million a year earlier. S1’s $47.8-million contribution was the main reason for the gain.
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NORDION INC. $6.58 (Toronto symbol NDN; Aggressive Growth Portfolio, Consumer sector; Shares outstanding: 62.0 million; Market cap: $408.0 million; Price-to-sales ratio: 1.8; No dividends paid since July 2012; TSINetwork Rating: Extra Risk; www.nordion.com) gets 40% of its revenue from selling isotopes for medical research and cancer treatments. Most of its isotopes come from Atomic Energy of Canada Ltd.’s aging Chalk River nuclear reactor near Ottawa, which will close in 2016.
The company recently lost its arbitration case against Atomic Energy over a failed plan to build two new reactors that would have replaced Chalk River. As a result, Nordion may now have to pay all or some of Atomic Energy’s $46 million in legal costs. At July 31, 2012, Nordion held cash of $81.9 million U.S., or $1.32 U.S. a share. Its long-term debt was $40.3 million U.S.
Nordion has also cancelled its deal to buy isotopes from its current supplier in Russia. It now plans to buy them from that country’s Research Institute of Atomic Reactors (RIAR). Nordion feels RIAR will be more reliable. However, it still needs to find more suppliers before Chalk River closes.
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The company recently lost its arbitration case against Atomic Energy over a failed plan to build two new reactors that would have replaced Chalk River. As a result, Nordion may now have to pay all or some of Atomic Energy’s $46 million in legal costs. At July 31, 2012, Nordion held cash of $81.9 million U.S., or $1.32 U.S. a share. Its long-term debt was $40.3 million U.S.
Nordion has also cancelled its deal to buy isotopes from its current supplier in Russia. It now plans to buy them from that country’s Research Institute of Atomic Reactors (RIAR). Nordion feels RIAR will be more reliable. However, it still needs to find more suppliers before Chalk River closes.
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