dividends paid
BLACKBERRY LTD. $8.44 (Toronto symbol BB; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 524.6 million; Market cap: $4.4 billion; Price-to-sales ratio: 0.4; No dividends paid; TSINetwork Rating: Speculative; www.blackberry.com) lost $965 million, or $1.84 a share, in the three months ended August 31, 2013 (all amounts except share price and market cap in U.S....
TEMPUR SEALY $39.81 (New York symbol TPX; TSINetwork Rating: Speculative) (800-878-8889; www.tempursealy.com; Shares outstanding: 60.4 million; Market cap: $2.4 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 the market for traditional spring-coil beds.
The purchase should help 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 should help 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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NISSAN MOTOR (ADR) $20.51 (Nasdaq symbol NSANY; TSINetwork Rating: Above Average) (310-771-3111; www.nissan-global.com; Shares outstanding: 2.3 billion; Market cap: $45.7 billion; No dividends paid) has reported lower U.S. sales for the month of September, along with most other automakers. However, this September was unique because it had fewer selling days than the prior year.
Overall, Nissan sold 86,868 cars and trucks in the U.S. during the month. That’s down 5.5% from 91,907 in September 2012. The Nissan division’s sales fell 5.6%, to 77,828 vehicles. Infiniti sales dropped 4.3%, to 9,040 vehicles.
Like all automakers, Nissan needs a renewed global economic recovery to boost its sales. Meanwhile, its outlook is positive.
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Overall, Nissan sold 86,868 cars and trucks in the U.S. during the month. That’s down 5.5% from 91,907 in September 2012. The Nissan division’s sales fell 5.6%, to 77,828 vehicles. Infiniti sales dropped 4.3%, to 9,040 vehicles.
Like all automakers, Nissan needs a renewed global economic recovery to boost its sales. Meanwhile, its outlook is positive.
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AEROPOSTALE $8.99 (New York symbol ARO; TSINetwork Rating: Extra Risk) (646- 485-5410; www.aeropostale.com; Shares outstanding: 78.5 million; Market cap: $705.6 million; No dividends paid) is now 8% owned by New-York based private equity firm Sycamore Partners.
Earlier this year, Sycamore Partners paid $600 million for Hot Topic, a U.S. teen retailer with over 800 mall-based stores; in early 2012, it bought Talbots, a struggling women’s wear chain, for about $400 million.
It’s far from certain that Sycamore Partners will buy Aeropostale, and the firm has a reputation for not paying a big premium above current market prices. However, Sycamore’s involvement does highlight Aeropostale’s underlying value and turnaround potential.
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Earlier this year, Sycamore Partners paid $600 million for Hot Topic, a U.S. teen retailer with over 800 mall-based stores; in early 2012, it bought Talbots, a struggling women’s wear chain, for about $400 million.
It’s far from certain that Sycamore Partners will buy Aeropostale, and the firm has a reputation for not paying a big premium above current market prices. However, Sycamore’s involvement does highlight Aeropostale’s underlying value and turnaround potential.
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NEW GOLD $5.78 (Toronto symbol NGD; TSINetwork Rating: Speculative) (888-315-9715; www.newgold- .com; Shares outstanding: 502.5 million; Market cap: $2.9 billion; No dividends paid) has four operating mines: the Mesquite mine in the U.S., the Cerro San Pedro mine in Mexico, the Peak mine in Australia and the just-completed New Afton mine in B.C. It also owns 30% of the El Morro copper/gold project in Chile and 100% of the Blackwater mine in B.C.
In the quarter ended June 30, 2013, New Gold’s cash flow fell 10.0%, to $0.09 a share from $0.10 a year earlier. Lower gold prices offset new production from New Afton, which started up in late 2012.
New Gold’s $855.5 million of long-term debt is a moderate 28.5% of its market cap. It also holds cash of $562.5 million, or $1.12 a share.
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In the quarter ended June 30, 2013, New Gold’s cash flow fell 10.0%, to $0.09 a share from $0.10 a year earlier. Lower gold prices offset new production from New Afton, which started up in late 2012.
New Gold’s $855.5 million of long-term debt is a moderate 28.5% of its market cap. It also holds cash of $562.5 million, or $1.12 a share.
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ACI WORLDWIDE $54.45 (Nasdaq symbol ACIW; TSINetwork Rating: Speculative) (402-334-5101; www.tsainc.com; Shares outstanding: 39.5 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. Its products also help cut fraud.
In the quarter ended June 30, 2013, ACI’s revenue rose 30.0%, to $208.0 million from $160.0 million a year earlier. That’s mainly due to the contribution from Online Resources Corp., which ACI bought for $126.6 million early this year. The purchase has helped ACI further expand into online banking and bill payments.
Without one-time items, earnings per share dropped to $0.14 from $0.16. The decline was largely due to the cost of integrating acquisitions.
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In the quarter ended June 30, 2013, ACI’s revenue rose 30.0%, to $208.0 million from $160.0 million a year earlier. That’s mainly due to the contribution from Online Resources Corp., which ACI bought for $126.6 million early this year. The purchase has helped ACI further expand into online banking and bill payments.
Without one-time items, earnings per share dropped to $0.14 from $0.16. The decline was largely due to the cost of integrating acquisitions.
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DUNDEE CORP. $19 (Toronto symbol DC.A; Aggressive Growth Portfolio, Finance sector; Shares outstanding: 54.1 million; Market cap: $1.0 billion; Price-to-sales ratio: 2.2; No dividends paid; TSINetwork Rating: Average; www.dundeecorp.com) is a holding company with investments in wealth management, real estate, natural resources and agriculture.
In the three months ended June 30, 2013, Dundee lost $69.3 million, or $1.32 a share. However, that’s a big improvement over the $133.6 million, or $2.47 a share, it lost a year earlier. That’s because the company had fewer losses from its investment portfolio. Revenue rose 2.0%, to $48.0 million from $47.1 million.
Dundee is a buy....
In the three months ended June 30, 2013, Dundee lost $69.3 million, or $1.32 a share. However, that’s a big improvement over the $133.6 million, or $2.47 a share, it lost a year earlier. That’s because the company had fewer losses from its investment portfolio. Revenue rose 2.0%, to $48.0 million from $47.1 million.
Dundee is a buy....
IDEXX LABORATORIES INC. $98 (Nasdaq symbol IDXX; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 52.5 million; Market cap: $5.1 billion; Price-to-sales ratio: 4.1; No dividends paid; TSINetwork Rating: Average; www.idexx.com) gets 85% of its sales by making equipment that veterinarians use to detect diseases in pets....
ADOBE SYSTEMS INC. $52 (Nasdaq symbol ADBE; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 502.3 million; Market cap: $26.1 billion; Price-to-sales ratio: 6.1; No dividends paid since June 2005; TSINetwork Rating: Average; www.adobe.com) earned $164.4 million, or $0.32 a share, in its fiscal 2013 third quarter, which ended August 30, 2013....
FAIR ISAAC CORP. $54.42 (New York symbol FICO; TSINetwork Rating: Average) (415-472-2211; www.fairisaac.com; Shares outstanding: 35.2 million; Market cap: $1.9 billion; Dividend yield: 0.2%) makes FICO Scores, the computer program that dominates the market for software that businesses use to evaluate customer creditworthiness....