Best Stocks To Buy For 2013: Cheap

[ April 21, 2016 | Author: admin | Views: 36464 | Weather: | Mood: normal]

Citigroup bond analyst Murali Ganti and team consider the impact of Valeant Pharmaceuticals’ (VRX) statement regarding its attempt to modify its bond covenants… Kris Tripplaar/Sipa USA On 03/30/16, Valeant launched its Credit Agreement amendment process to extend the filing deadlines for filing its FY 2015 10-K to 05/31/16 from 04/29/16 and its 1Q 2016 10-Q to 07/31/16. Along with the filing extensions, the company is also looking to waive the cross-default language related to Valeants bond indentures for not filing its FY 2015 10-K by 03/15/16 (the deadline for filing per the bond indentures). Furthermore, Valeant is also looking to amend its Minimum Interest Coverage Ratio Covenant, which was set to step up to 3.00x from 2.25x with the start of 2Q 2016, as well as to adjust its definition of Consolidated EBITDA to increase the amount of permitted add-backs related to a number of items such as restructuring expenses, … Continue reading

[ April 15, 2016 | Author: admin | Views: 43331 | Weather: | Mood: normal]

Avondale Partners said the recent block trades by Morgan Stanley on shares of Fidelity National Information Services (NYSE: FIS) were likely from SunGard’s private equity holders. According to Peter Heckmann, Avondale analyst, “Factset’s Streetaccount is reporting Morgan Stanley priced a block trade of 7.6 million shares of FIS (about 2 percent of outstanding shares post SunGard merger) overnight. The trade was priced at $62.50 with a total trade value of $475 million.” “This is the second block trade in the stock since the November 30th closing of the SunGard Data Systems deal. On December 2nd, Factset’s Streetaccount reported that Morgan Stanley priced a block trade of 7.6 million shares (about 2 percent of outstanding shares post SunGard merger) in FIS Global overnight. The trade was priced at $63.65 with a total trade value of $484 million.” Related Link: FIS Announced Resolution Dismissal Of Patent Infringement Claims Valuation And Justification “We … Continue reading

[ April 7, 2016 | Author: admin | Views: 55310 | Weather: | Mood: normal]

Related LULU The Market In 5 Minutes: Monday, March 28, 2016 High Hopes For Lululemon Earnings, Not So Much For BlackBerry and Micron Technology Notable earnings before Wednesday's open (Seeking Alpha) Related MU Micron Shares Edge Lower Following Needham Downgrade To Underperform Benzinga's Top Downgrades Despite The $10 Price Tag Micron Remains A Sell (Seeking Alpha) Lululemon Athletica inc. (NASDAQ: LULU) is estimated to report its quarterly earnings at $0.80 per share on revenue of $693.38 million. Top 5 Forestry Companies To Invest In 2016: The Charles Schwab Corporation(SCHW)   The Charles Schwab Corporation, through its subsidiaries, provides wealth management, securities brokerage, banking, money management, and financial advisory services. The company operates through two segments, Investor Services and Advisor Services. It offers brokerage products, such as brokerage accounts; individual retirement accounts; retirement plans for small to large businesses; 529 college savings accounts; designated brokerage accounts; equity incentive plan accounts; and … Continue reading

[ March 19, 2016 | Author: admin | Views: 58636 | Weather: | Mood: normal]

It might be harder than ever for hedge funds to raise money. Their market is crowded with competitionand many clients arent interested any more. Others are demanding more specialization, and bigger staffs of financial and compliance executives, said several fund managers and marketers at Context Summits, an investor conference in Miami. To help, many funds pay for brokers and other companies that make introductions. Otherwise it can take dozens of phone calls and emails a day to find someone who is interested. And often that is just a low-level analyst who starts of process of going through several layers of decision-makers, all with their own worries about regulators and a shaky economy. Blake Hirschbach has spent the past year marketing for The Waterfield Group, a Miami Beach fund that picks small company stocks. Working through phones and emails leads to a success rate of only about 1% to 2%, he … Continue reading

[ March 13, 2016 | Author: admin | Views: 99659 | Weather: | Mood: normal]

FedEx (FDX) is scheduled to release its earnings next week–and RBC’s John Barnes and team aren’t expecting great news: FedExreports 3FQ/16 (ended February 2016) results on March 16 after market close…We are trimming our 3FQ/16 EPS estimates to reflect higher than expected peak season costs. We also expect the company to rein in FY/16 EPS guidance when it reports. Accordingly, we are cautious onFedEx into earnings next week… FedExoperations negatively impacted by severe weather and a last minute surge in volumes the week before Christmas. In order to cope, the company ran operations of Christmas and the day after. We believe this reduced Ground margins by 70 bps. Our sense is that this was less of an issue for the Express operation… Mid-point of guidance likely to move lower. Our new FY/16 EPS estimate of $10.43 sits near the low end of the $10.40-$10.90 guidance range. We expect management to … Continue reading