Category: Diversified Tech

Diversified Tech, Finance, Global Equity

GOOG Shares Still Hard to Pin Down

Google posted second-quarter financial results that were modestly below forecasts for both revenues and earnings. The share price was beginning to bake in some overly optimistic expectations and it is no surprise that the market paused following the results. Given the relatively conservative view and after comparing our long-term discounted cash flow model to the quarterly financials, analysts do not expect a material change to … Continue reading GOOG Shares Still Hard to Pin Down

Mark DeFranceLeave a comment
Analysis, BioTech, Diversified Tech, Finance, Mergers & Acquisitions, Semiconductors, Services Sector, Software, Tech IPO, Venture Capital

FWRD 2Q Consolidated Revenue Increased

Forward Air’s FWRD second-quarter consolidated revenue increased 8% but was roughly flat when excluding the addition of TQI, which was acquired in March. The core airport-to-airport business fell 5% from last year, driven by 3% deterioration in total yield and a low-single-digit fall in tonnage. A large portion of the revenue decline relates to a previously announced customer loss ($6 million impact). Forward Air Solutions … Continue reading FWRD 2Q Consolidated Revenue Increased

Jason KnoxLeave a comment
FB Nasdaq FB Facebook
Diversified Tech, Finance, Global Equity

DNKN to Look for Growth Opportunities

Dunkin’ Brands offers investors one of the more compelling domestic and international growth stories in consumer cyclicals with an exceptionally strong free cash flow profile.  Dunkin’ can extend its brand reach beyond its core markets, as management has improved franchisee cash-on-cash returns in more nascent Western and Midwest markets through better site selection, national advertising, higher-margin products, and flat national pricing for raw materials. Many … Continue reading DNKN to Look for Growth Opportunities

Jayne CrismanLeave a comment
Analysis, BioTech, Commodities, Diversified Tech, Finance, Mergers & Acquisitions, Semiconductors, Services Sector, Software, Tech IPO, Venture Capital

STO Second Quarter Production Has Modest Rise

Santos’s second-quarter production rose 2% to 12.4 million barrels of oil equivalent (mmboe), marginally below expectations, and full-year 2013 production guidance has been reduced by 3% to between 52 and 55 mmboe. The decline reflects deferred oil and gas production from Chim Sao in Vietnam due to power system constraints, steeper than- expected natural field decline at Sangu, and deferred Carnarvon production due to poor … Continue reading STO Second Quarter Production Has Modest Rise

Ryan HoltzLeave a comment
Analysis, BioTech, Diversified Tech, Finance, Mergers & Acquisitions, Semiconductors, Services Sector, Software, Tech IPO, Venture Capital

Fee Waivers and Weaker Fund Flows Affect Federated’s First- Quarter Results; No Change to FVE

There was nothing in the first-quarter results from narrowmoat Federated Investors FII that would alter our longterm view on the firm. With the company’s assets under management (AUM) so heavily skewed toward money market funds, Federated continues to be affected not only by historically low interest rates (which require the use of fee waivers to keep fund costs from driving yields into negative territory) but … Continue reading Fee Waivers and Weaker Fund Flows Affect Federated’s First- Quarter Results; No Change to FVE

John MeadyLeave a comment
Analysis, BioTech, Commodities, Diversified Tech, Finance, Mergers & Acquisitions, Semiconductors, Services Sector, Software, Tech IPO, Venture Capital

DTE`s 1Q Earnings Surge on Colder Weather and Lower Benefit Costs

We will be maintaining our $55 fair value estimate and stable narrow moat trend for DTE Energy DTE after the company announced first-quarter earnings that were driven higher primarily by much colder weather for both the gas and the electric utilities. During the quarter, DTE earned $1.34 per share versus $0.91 per share for the prior-year period. While rates at the gas utility and lower … Continue reading DTE`s 1Q Earnings Surge on Colder Weather and Lower Benefit Costs

John MeadyLeave a comment