Category: Software

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

Mercury Posts Solid 1Q in Absence of Catastrophes

Mercury General MCY released a generally strong firstquarter report in the absence of large catastrophe or other claims losses. Operating income–which excludes realized investment gains and losses–was down 3.3% to $37.8 million, or $0.69 per share. The drop was primarily caused by a restructuring charge the firm took in order to streamline operations. While the results were stronger than is typical of the firm in … Continue reading Mercury Posts Solid 1Q in Absence of Catastrophes

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

LKQ Reports 1Q 2013, $0.01 Shy of Consensus, Makes European Acquisition; Maintaining our $19 FVE

Narrow-moat rated LKQ LKQ reported first-quarter 2013 earnings per share before special items of $0.28, one penny shy of the Street consensus but up $0.03 on a comparable basis from the same period last year. The company reported record revenue of $1.2 billion, up 15.9% from the first quarter of 2012. LKQ also reported that on April 23, it agreed to acquire Sator Beheer, a … Continue reading LKQ Reports 1Q 2013, $0.01 Shy of Consensus, Makes European Acquisition; Maintaining our $19 FVE

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

Wide-Moat OMA Posts Strong Start for 2013 but Offers Tepid Full-Year Guidance

Wide-moat Grupo Aeroportuario del Centro Norte (OMA) OMAB reported 4.6% year-over-year growth in passenger traffic during the first quarter of 2013, along with solid improvement in operating margins to 43.1% from 41.8%. Total sales improved 10.7% and was led by a 20.9% increase in nonaeronautical revenue, the fourth quarter of acceleration. The strong nonaeronautical sales result from OMA’s diversification activities over the last several years, … Continue reading Wide-Moat OMA Posts Strong Start for 2013 but Offers Tepid Full-Year Guidance

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