Author: Mark Doerr

Mark Doerr is a principal and senior research analyst at Tech Insider covering medical technology companies with a focus on cardiovascular and related therapeutic technology. Mark leverages his prior experience as the director of marketing and business development at a medical device company, along with an extensive network of physician and industry relationships, to provide a unique perspective on the medtech sector. Prior to joining Tech Insider in 2011 he covered medical technology for four years at Craig-Hallum Capital, and has in total 20 years of financial and medtech industry experience.
Consumer Goods, Diversified Tech, Finance

Silgan Posts Dismal Quarter; Lowers Full Year Guidance

After reviewing Silgan’s disappointing third-quarter results, we are maintaining our $42 per share fair value estimate as well as our narrow economic moat rating. We are, however, reducing our full-year EPS estimate to $2.78 after management lowered guidance to $2.75-$2.85 from $3.00-$3.15. Our longer-term thesis on Silgan is that, while the company currently possesses a meaningful low-cost manufacturing advantage in its metal food can segment, … Continue reading Silgan Posts Dismal Quarter; Lowers Full Year Guidance

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Diversified Tech, Finance

Blackstone Reports Net Income Increase in Third Quarter

Despite facing difficult year-over-year comparisons, narrow-moat rated Blackstone reported positive results for the third quarter, with economic net income, or ENI, rising 3% on a 1% increase in revenue. Total assets under management, or AUM, reached a record $248 billion, up 21% when compared with third quarter 2012, with double-digit gains reported in each of its investment operations. Fee-earning AUM rose just 12% year over … Continue reading Blackstone Reports Net Income Increase in Third Quarter

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Analysis, Finance, Financial

BB&T Profits Plummet 43% in Quarter

Third-quarter profits fell a steep 43% at BB&T, to $268 million, or $0.37 per share, from $469 million, or $0.66 per share, a year earlier. However, the decline was due to an unusual tax item, without which profits would have come to $503 million, or $0.70 per share. The 7% increase in adjusted profits was due to sharply lower provisioning for loan losses and a … Continue reading BB&T Profits Plummet 43% in Quarter

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Analysis, Consumer Goods, Diversified Tech, Finance, Financial, Popular, Services Sector

Buckeye Announces Acquisition of Hess’ Terminal Assets

Last week, Buckeye announced it has agreed to acquire Hess’ terminal assets spanning the East Coast and Caribbean for $850 million. The addition of 39 million barrels of storage increases Buckeye’s storage capacity by more than 50% to 112 million barrels and complements the partnership’s existing wide-moat footprint very well, in our view. In particular, Buckeye will gain 15 million barrels of capacity in the … Continue reading Buckeye Announces Acquisition of Hess’ Terminal Assets

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Diversified Tech, Finance

YHOO Still a Work in Progress

After reviewing Yahoo’s YHOO second-quarter results,  the firm’s turnaround has yet to materialize and surprising weakness in Yahoo’s display market is cause for concern. Still, given our expectations and the fact that Yahoo’s balance sheet assets and investments in Yahoo Japan and Alibaba Group represent the bulk of the company’s enterprise value, we are sticking with the fair value estimate. The company’s fortunes remain cloudy … Continue reading YHOO Still a Work in Progress

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