Tessera Issues Positive Outlook
September 17, 2012
Tessera Technologies jumped sharply on positive guidance, but the firm continues to struggle to control expenses. Still, we’re keeping an eye on the company.
Unlimited QE Sends Commodities Soaring
September 14, 2012
The newest round of quantitative easing will have no end date, driving shares of commodity producers higher. We examine the impact.
Covidien Will Continue to Drive Solid Shareholder Returns
September 14, 2012
Covidien provided strong fiscal year 2013 guidance, and the firm continues to return cash to shareholders at a healthy clip.
iPhone 5 Will Be a Monster Success
September 14, 2012
We’re huge fans of Apple and think the iPhone 5 will be a huge success.
Pier 1 Shines as Housing Continues to Recover
September 13, 2012
Pier 1 Imports continues to experience strong results on the back of the housing recovery.
Pall Surges on Strong Outlook
September 13, 2012
Pall reported decent fourth-quarter results, and it guided to strong earnings in fiscal 2013. We think shares are expensive.
TV Sales Follow PC Sales into the Abyss
September 13, 2012
TV shipments continue to plummet as the industry suffers from excess supply and weak demand. We take a look at the supply chain.
Shuffle Master’s Third Quarter Disappoints
September 12, 2012
Gambling game supplier Shuffle Master (SHFL) reported weaker than expected third quarter results. Revenue increased 9% year-over-year to $63.4 million, several million short of consensus estimates. Earnings per share grew just 6% year-over-year to $0.18, a few cents short of consensus expectations. Though revenue growth was slightly disappointing, we were very encouraged to see recurring revenue advance 12% year-over-year to $30 million, marking its 15th consecutive quarter of expansion. Further, gross margins increased 100 basis points compared to last year to 63% thanks to more leases and higher average selling prices. Total utility revenue increased 8%, to $24.4 million, driven largely by strength in Macau and increased leases in the United States. The MD3 continues to spread thanks to superior card
Polypore Reduces Guidance But Remains Bullish
September 12, 2012
Polypore reduced its second-half annual guidance as a result of weakness from GM’s Volt. We believe shares are fairly valued.
Texas Instruments Narrows Guidance Range
September 12, 2012
Semiconductor giant Texas Instruments narrowed its guidance range, but the company still sees weakness across the board. We aren’t interested in the shares.
