Crown Holdings Reports Concerning Quarterly Results
Crown Holdings reported third-quarter results that were broadly in line with our expectations, but we have increasing concerns about the profit potential of Crown’s operations in Asia-Pacific. For example, through the first nine months of the year, Asia-Pacific segment profit declined $2 million while sales increased $157 million compared with the first nine months of 2012. In recent years, the company has invested significant sums … Continue reading Crown Holdings Reports Concerning Quarterly Results
Texing might ruin your relationship
According to a study, those couples who text regularly each other and do not show their conflicts in person might ruin their relationship. According to a study, texting is harmful for the quality of human connections.Read More >> Continue reading Texing might ruin your relationship
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
Snap-on Narrowly Beats Consensus Estimates
Snap-on reported third-quarter 2013 earnings per share of $1.43, nearly in line with the $1.42 EPS Street consensus estimate. Once again, the company was able to expand consolidated operating margin, which was 14.8% versus 13.5% last year, despite challenging operating conditions from anemic European economic conditions and reduced defense spending in the U.S. Our $105 fair value estimate remains unchanged. This 3-star rated stock is … Continue reading Snap-on Narrowly Beats Consensus Estimates
Noble Posts Adequate Quarterly Results
Noble reported solid third-quarter results. Total revenue increased slightly to $1.08 billion from $1.02 billion in the prior quarter, thanks mainly to the commencement of operations for two new ultra-deep-water rigs. The company also benefited from lower operational downtime, which fell to 4.6% from 5.2% in the prior quarter, essentially flat operating costs, and fewer shipyard days. Accordingly, Noble’s contract drilling margin improved to 53.1% … Continue reading Noble Posts Adequate Quarterly Results
Facebook can predict if you find your perfect one
According to a new study, Facebook might be able to tell if your relationship lasts. The site knows literally everything about you – and can use its data to predict if your relationship going to be as long as a lifetime.Read More >> Continue reading Facebook can predict if you find your perfect one