dividends paid
WYNDHAM WORLDWIDE $79.11 (New York symbol WYN; TSINetwork Rating: Extra Risk) (973- 753-6000; www.wyndhamworldwide.com; Shares outstanding: 123.7 million; Market cap: $9.8 billion; Dividend yield: 1.8%) is one of the world’s largest hospitality companies, with 7,600 franchised hotels worldwide. Wyndham also manages vacation resorts, rental properties, luxury clubs and time-shares. It now has 107,000 vacation-rental properties in 100 countries. In the three months ended September 30, 2014, the company’s revenue rose 6.1%, to $1.51 billion from $1.43 billion a year earlier. Wyndham gets most of its revenue from vacation rather than business travel, and vacation bookings rose in the latest quarter. That helped push up its occupancy rate by 2.0%....
IDEXX LABORATORIES INC. $149 (Nasdaq symbol IDXX; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 47.7 million; Market cap: $7.1 billion; Price-to-sales ratio: 5.2; No dividends paid; TSINetwork Rating: Average; www.idexx.com) earned $1.05 a share in the quarter ended September 30, 2014, up 25.0% from $0.84 a year earlier. Sales rose 13.4%, to $383.5 million from $338.3 million.
These gains are mainly because veterinarians are buying more of Idexx’s equipment for detecting diseases in pets. That’s also spurring more demand for consumable products that vets must continuously replenish.
However, the stock has jumped 40% since the start of 2014 and now trades at a high 38.4 times the $3.88 a share that Idexx will likely earn over the full year.
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These gains are mainly because veterinarians are buying more of Idexx’s equipment for detecting diseases in pets. That’s also spurring more demand for consumable products that vets must continuously replenish.
However, the stock has jumped 40% since the start of 2014 and now trades at a high 38.4 times the $3.88 a share that Idexx will likely earn over the full year.
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TERADATA CORP. $45 (New York symbol TDC; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 153.0 million; Market cap: $6.9 billion; Price-to-sales ratio: 2.6; No dividends paid; TSINetwork Rating: Average; www.teradata.com) makes computers and software that capture and store large amounts of a business’s data, including its sales and inventory. It then analyzes this information and identifies buying habits and other trends. That helps its clients maker better business decisions.
In the three months ended September 30, 2014, Teradata’s earnings fell 4.3%, to $111 million from $116 million a year earlier. But per-share earnings rose 1.4%, to $0.71 from $0.70, on fewer shares outstanding.
Revenue gained just 0.2%, to $667 million from $666 million. Revenue in the Americas (61% of the total) fell 1.0%, mainly because many of Teradata’s customers have already upgraded their data analytics systems, weakening demand for new equipment. However, revenue from Teradata’s international operations (39%) gained 1.9%.
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In the three months ended September 30, 2014, Teradata’s earnings fell 4.3%, to $111 million from $116 million a year earlier. But per-share earnings rose 1.4%, to $0.71 from $0.70, on fewer shares outstanding.
Revenue gained just 0.2%, to $667 million from $666 million. Revenue in the Americas (61% of the total) fell 1.0%, mainly because many of Teradata’s customers have already upgraded their data analytics systems, weakening demand for new equipment. However, revenue from Teradata’s international operations (39%) gained 1.9%.
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ADOBE SYSTEMS INC. $73 (Nasdaq symbol ADBE; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 498.7 million; Market cap: $36.4 billion; Price-to-sales ratio: 8.9; No dividends paid since June 2005; TSINetwork Rating: Average; www.adobe.com) makes software for publishing companies and website developers.
Its main products include Adobe Acrobat, which lets users create and edit electronic documents in the widely used PDF format, and its Creative Suite package of photo editing (Photoshop) and desktop publishing programs.
In 2012, Adobe started selling its Creative Suite software as a cloud-based service called Creative Cloud. Users pay a monthly subscription fee that lets them access the software and store documents online. That gives Adobe more predictable revenue streams than selling its products as a one-time purchase.
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Its main products include Adobe Acrobat, which lets users create and edit electronic documents in the widely used PDF format, and its Creative Suite package of photo editing (Photoshop) and desktop publishing programs.
In 2012, Adobe started selling its Creative Suite software as a cloud-based service called Creative Cloud. Users pay a monthly subscription fee that lets them access the software and store documents online. That gives Adobe more predictable revenue streams than selling its products as a one-time purchase.
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TEMPUR SEALY $53.95 (New York symbol TPX; TSINetwork Rating: Speculative)(800-878-8889; www.tempursealy.com; Shares outstanding: 60.9 million; Market cap: $3.3 billion; No dividends paid) completed its $1.3- billion purchase of rival Sealy in March 2013. This was a major acquisition for Tempur Sealy (formerly Tempur-Pedic), but it has let the company diversify into traditional spring-coil beds.
The purchase is also helping Tempur Sealy offset rising competition in its current business; the company makes and distributes mattresses and neck pillows made of its Tempur material, which conforms to the body to provide support and alleviate pressure points.
Competitors Simmons Bedding and Serta have both successfully launched memory-foam mattresses that directly compete with Tempur Sealy’s products.
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The purchase is also helping Tempur Sealy offset rising competition in its current business; the company makes and distributes mattresses and neck pillows made of its Tempur material, which conforms to the body to provide support and alleviate pressure points.
Competitors Simmons Bedding and Serta have both successfully launched memory-foam mattresses that directly compete with Tempur Sealy’s products.
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CHIPOTLE MEXICAN GRILL $658.56 (New York symbol CMG; TSINetwork Rating: Speculative) (303- 595-4000; www.chipotle.com; Shares outstanding: 31.0 million; Market cap: $20.4 billion; No dividends paid) is a Denverbased Mexican restaurant chain. It charges slightly higher prices than fast food companies, but it offers better quality food, including naturally raised meat, and superior decor and service.
In the three months ended September 30, 2014, Chipotle’s sales jumped 31.1%, to $1.08 billion from $826.9 million a year earlier. Its restaurants attracted more customers during the quarter, which pushed up same-restaurant sales by 19.8%. Traffic increased even though Chipotle raised its prices.
Chipotle also opened 43 new outlets and now has a total of more than 1,700. In all of 2014, it aims to open 180 to 195 locations. In 2015, it plans to add 190 to 205 more.
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In the three months ended September 30, 2014, Chipotle’s sales jumped 31.1%, to $1.08 billion from $826.9 million a year earlier. Its restaurants attracted more customers during the quarter, which pushed up same-restaurant sales by 19.8%. Traffic increased even though Chipotle raised its prices.
Chipotle also opened 43 new outlets and now has a total of more than 1,700. In all of 2014, it aims to open 180 to 195 locations. In 2015, it plans to add 190 to 205 more.
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NEW GOLD $4.71 (Toronto symbol NGD; TSINetwork Rating: Speculative) (888-315-9715; www.newgold- .com; Shares outstanding: 504.0 million; Market cap: $2.4 billion; No dividends paid) has four mines: the Mesquite project in the U.S., Cerro San Pedro in Mexico, the Peak mine in Australia and the New Afton mine in B.C.
New Gold also owns 30% of the El Morro copper/ gold project in Chile, 100% of the Blackwater property in B.C. and 100% of Ontario’s Rainy River project.
In the three months ended September 30, 2014, New Gold’s cash flow per share rose 60.0%, to $0.16 from $0.10 a year earlier. Gold production fell slightly, to 93,367 ounces from 94,038. But an 8.2% rise in copper output from New Afton and lower overall costs increased New Gold’s cash flow.
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New Gold also owns 30% of the El Morro copper/ gold project in Chile, 100% of the Blackwater property in B.C. and 100% of Ontario’s Rainy River project.
In the three months ended September 30, 2014, New Gold’s cash flow per share rose 60.0%, to $0.16 from $0.10 a year earlier. Gold production fell slightly, to 93,367 ounces from 94,038. But an 8.2% rise in copper output from New Afton and lower overall costs increased New Gold’s cash flow.
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ACI WORLDWIDE $19.49 (Nasdaq symbol ACIW; TSINetwork Rating: Speculative) (402-334-5101; www.tsainc.com; Shares outstanding: 114.9 million; Market cap: $2.2 billion; No dividends paid) makes software for processing transactions involving credit cards, debit cards, automated teller machines, point-of-sale terminals and interbank payments. The company’s products also help cut fraud.
In the quarter ended September 30, 2014, ACI’s revenue rose 16.7%, to $249.6 million from $213.9 million a year earlier, mainly due to contributions from acquisitions. Earnings per share rose 5.9%, to $0.18 from $0.17.
The company has purchased a number of other firms recently. In November 2013, it paid $109 million for Official Payments Holdings, which processes about 20 million payments totalling over $9 billion annually. ACI also bought Retail Decisions (ReD) in August 2014 for $205 million. ReD is an e-commerce and fraud-prevention firm whose software serves the payments industry.
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In the quarter ended September 30, 2014, ACI’s revenue rose 16.7%, to $249.6 million from $213.9 million a year earlier, mainly due to contributions from acquisitions. Earnings per share rose 5.9%, to $0.18 from $0.17.
The company has purchased a number of other firms recently. In November 2013, it paid $109 million for Official Payments Holdings, which processes about 20 million payments totalling over $9 billion annually. ACI also bought Retail Decisions (ReD) in August 2014 for $205 million. ReD is an e-commerce and fraud-prevention firm whose software serves the payments industry.
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MITEL NETWORKS $11.35 (Toronto symbol MNW; TSINetwork Rating: Extra Risk) (613-592-2122; www.mitel.ca; Shares outstanding: 99.9 million; Market cap: $1.1 billion; No dividends paid) has reported its third quarter of results that include Aastra Technologies, a Stock Pickers Digest recommendation that Mitel acquired in a friendly takeover on January 31, 2014.
In the latest quarter, Mitel’s revenue jumped 101.2%, to $272.4 million from $135.0 million a year ago (all figures except share price in U.S. dollars). Most of the increase came from Aastra.
Without one-time items, earnings gained 134.6%, to $19.0 million from $8.1 million. However, earnings per share rose just 28.6%, to $0.18 from $0.14, as the company issued new shares to pay for Aastra.
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In the latest quarter, Mitel’s revenue jumped 101.2%, to $272.4 million from $135.0 million a year ago (all figures except share price in U.S. dollars). Most of the increase came from Aastra.
Without one-time items, earnings gained 134.6%, to $19.0 million from $8.1 million. However, earnings per share rose just 28.6%, to $0.18 from $0.14, as the company issued new shares to pay for Aastra.
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NISSAN MOTOR (ADR) $18.30 (Nasdaq symbol NSANY; TSINetwork Rating: Above Average) (310- 771-3111; www.nissan-global.com; Shares outstanding: 2.3 billion; Market cap: $41.2 billion; No dividends paid) has risen over 9% since mid-October, after the Japanese government and the country’s central bank said they would make huge investments in Japanese stocks. They will also expand the money supply by making major government bond purchases.
These moves have pushed the yen down to a seven-year low. This makes exports—like Nissan’s vehicles—much more attractive to foreign buyers.
Just-released figures show the Japanese economy shrank by 1.6% in the latest quarter, erasing any doubt that the stimulus is needed.
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These moves have pushed the yen down to a seven-year low. This makes exports—like Nissan’s vehicles—much more attractive to foreign buyers.
Just-released figures show the Japanese economy shrank by 1.6% in the latest quarter, erasing any doubt that the stimulus is needed.
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