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The Top 12 Indicators That The Economy Is Still Bad

Wed, 17 Jun 2009 20:39:18 GMT

On a serious note, Eddie Bauer (Nasdaq:EBHI) has filed for Chapter 11 on Wednesday. The company is known for outdoor-like clothin. It is said that CCMP Capital Advisors LLC has bid $202 million in cash for its assets. Other buyers may also make bids while the company is under court protection.Bankruptcy rumors had been swirling as Bellevue, Wash.-based Eddie Bauer struggled with slumping sales amid the recession.This is probably still the beginning of the end for many speciality retailers and "non-necessity" purveyors. Consumer prices meanwhile rose less than expected in May and posted the steepest annual drop in 59 years, according to government data also released Wednesday, fresh evidence that the recession is keeping inflation in check. The bad news here is that deflationary-forces are still prevalent, and if prices are not rising that's a sure sign that demand is waning.[More...]

More Cash, Less Debt = Stock Market Gains?

Thu, 23 Apr 2009 13:41:32 GMT

Today there were a couple of posts about how tech stocks are currently especially attractive because they hold plenty of cash and tend to have little debt. Paul Kedrosky initially caught my eye with his post "Tech Cash is King" which in turn pointed me to a story on Bloomberg by Eric Martin. I ran a screen tonight that looked at both cash and debt. Specifically, I screened for a Price-to-Cash ratio under three, a Debt-to-Equity ratio under three and a Market Cap greater than $2.5 million. Based on these criteria, I obtained a list of 136 stocks. Judging from our list, it is absolutely true that many tech stocks do seem to have lots of cash and little debt. What also became apparent as I went through the list is that there[More...]

Bloomberg: 2000s Stock Market Worse Than 1930s

Tue, 07 Oct 2008 20:35:00 GMT

I think with 2 crashes now in less than a decade we are going to lose a generation of investors. I can't really blame them. This Wild West "almost anything goes" environment has been a lot like our greater economy the past 10 years - the benefits accrue to just a few and the masses miss out during great transfers of wealth. Each IPO is literally a transfer of wealth to a few insiders from the masses - which generally people are ok with as long as the investors can make a buck - but it is quite egregious. As is buying back shares with the company's money, while spitting out new shares concurrently to the executives. To whit of the culture, see Lehman Brothers memo - when people asked if executives should forego bonuses - it was laughed at (literally). Days from becoming the largest bankruptcy[More...]

Earnings Summary for 01-24-2008

Fri, 25 Jan 2008 07:10:33 GMT

Ticker: ESIO,BPOP,LEN,LRCX,MNRO,SNV,CBON,OCFC,WBS,GY,BKUNA,FZN,HFWA,ABC,ABI,ALDN,ALK,AMGN,AMP,ARBA,AVCT,AVT,AVX,BARI,BAX,BDX,BEN,BHLB,BLL,BOFL,BRCM,CADE,CBE,CCMP,CMCO,CNXT,COL,COLB,CPS,CPWR,CRA,CSH,CVCO,CVTI,CY,CYN,DDE,DHR,DLX,DVD,ED,ELX,EMN,EPAY,ESI,ESSA[More...]

Cabot Microelectronics Corporation Reports Results for Fourth Quarter and Full Fiscal Year 2009

Thu, 22 Oct 2009 10:47:00 GMT

Cabot Microelectronics Corporation (Nasdaq: CCMP), the world's leading supplier of chemical mechanical planarization (CMP) polishing slurries and growing CMP pad supplier to the semiconductor industry, today reported financial results for its fourth quarter and full fiscal year 2009, which ended September 30.
The company achieved a gross profit margin of 48.4 percent of revenue in the fourth fiscal quarter, diluted earnings per share of $0.52, which represents a record when compared to historical results adjusted to include share-based compensation expense, and cash flow from operations of $28.5 million.
In addition, we are encouraged by the progress we have made this year on our strategic initiatives, which from our perspective positions us well to emerge from the economic downturn with stronger competitive standing within our core CMP consumables business.

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Cabot Microelectronics Corporation Reports Results for Third Quarter of Fiscal 2009

Thu, 23 Jul 2009 10:46:00 GMT

Cabot Microelectronics Corporation (Nasdaq: CCMP), the world's leading supplier of chemical mechanical planarization (CMP) polishing slurries and growing CMP pad supplier to the semiconductor industry, today reported financial results for its third quarter of fiscal 2009, which ended June 30.
The strong increase in demand versus the previous quarter enabled the company to achieve gross profit of 46.6 percent of revenue, net income of $9.0 million and cash flow from operations of $14.6 million for the third fiscal quarter, significantly outperforming prior quarter results.
The company's balance sheet reflects a cash balance of $171.2 million and no debt outstanding as of June 30, 2009.

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Cabot Microelectronics Corporation's Epic® D100 CMP Polishing Pad Receives Award from Semiconductor International Magazine

Wed, 15 Jul 2009 09:58:00 GMT

Cabot Microelectronics Corporation (Nasdaq:CCMP), the world’s leading supplier of chemical mechanical planarization (CMP) polishing slurries and growing CMP pad supplier to the semiconductor industry, announced today that its Epic D100 CMP polishing pad has received Semiconductor International (SI) Magazine’s “Editors’ Choice Best Products” award for 2009.[More...]

Cabot Microelectronics to Release Financial Results for Third Quarter of Fiscal Year 2009 on July 23

Thu, 09 Jul 2009 09:57:00 GMT

Cabot Microelectronics Corporation (Nasdaq:CCMP), the world’s leading supplier of chemical mechanical planarization (CMP) slurries and growing CMP pad supplier to the semiconductor industry, announced today that it will release financial results for its third quarter of Fiscal Year 2009, which ended June 30, 2009, on Thursday, July 23.[More...]

Cabot Microelectronics Corporation Earns Supplier Award from Inotera Memories

Wed, 27 May 2009 00:11:00 GMT

Cabot Microelectronics Corporation (Nasdaq: CCMP), the world’s leading supplier of chemical mechanical planarization (CMP) polishing slurries and growing CMP pad supplier to the semiconductor industry, announced today that it has received an Outstanding Supplier Award for the second consecutive year from Taiwan-based Inotera Memories, Inc. (Inotera) for supplying CMP polishing slurries. This award is granted to suppliers who demonstrate excellence across a variety of areas, including product quality, cost of ownership, on-time delivery, world-class service, and a commitment to technology and safety.[More...]

Cabot Microelectronics to Present at the J.P. Morgan 37th Annual Global Technology, Media and Telecom Conference

Thu, 14 May 2009 00:11:00 GMT

Cabot Microelectronics Corporation (Nasdaq: CCMP), the world’s leading supplier of chemical mechanical planarization (CMP) slurries and growing CMP pad supplier to the semiconductor industry, announced today that it is scheduled to present at the J.P. Morgan 37th Annual Global Technology, Media and Telecom Conference in Boston, Massachusetts, at 8:40 a.m. Eastern Time, Wednesday, May 20, 2009. Forward looking and other material information may be discussed during the presentation. The presentation will be available to all interested parties via webcast from its site at www.cabotcmp.com.[More...]

Cabot Microelectronics Corporation Reports Results for Second Quarter of Fiscal 2009

Thu, 23 Apr 2009 09:57:00 GMT

Cabot Microelectronics Corporation (Nasdaq: CCMP), the world’s leading supplier of chemical mechanical planarization (CMP) polishing slurries and growing CMP pad supplier to the semiconductor industry, today reported financial results for its second quarter of fiscal 2009, which ended March 31. These results are consistent with those provided in the company’s press release of April 14, 2009.[More...]

Cabot Microelectronics Corporation Provides Update on Second Fiscal Quarter Financial Performance

Wed, 15 Apr 2009 04:47:00 GMT

Cabot Microelectronics Corporation (Nasdaq: CCMP), the world's leading supplier of chemical mechanical planarization (CMP) polishing slurries and growing CMP pad supplier to the semiconductor industry, announced today that the global economic environment continued to adversely affect the company's financial results in its second fiscal quarter, which ended March 31, 2009.
Consistent with the overall industry, the company's revenue declined significantly in its second fiscal quarter, reflecting the impact of the global economic recession on demand for electronics, a correction of excess semiconductor device inventories, and traditional seasonal weakness.
These forward-looking statements include statements related to: future sales and operating results; company and industry growth, contraction or trends; growth or contraction of the markets in which the company participates; international events or various economic factors; product performance; the generation, protection and acquisition of intellectual property, and litigation related to such intellectual property; new product introductions; development of new products, technologies and markets; the acquisition of or investment in other entities; uses and investment of the company's cash balance; and the construction of facilities by Cabot Microelectronics Corporation.

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Cabot Microelectronics to Release Financial Results for Second Quarter of Fiscal Year 2009 on April 23

Thu, 09 Apr 2009 09:56:00 GMT

Cabot Microelectronics Corporation (Nasdaq:CCMP), the world’s leading supplier of chemical mechanical planarization (CMP) slurries and growing CMP pad supplier to the semiconductor industry, announced today that it will release financial results for its second quarter of Fiscal Year 2009, which ended March 31, 2009, on Thursday, April 23.[More...]

Cabot Microelectronics Corporation Completes Acquisition of Epoch Material Co., Ltd.

Fri, 27 Feb 2009 05:00:00 GMT

Cabot Microelectronics Corporation (Nasdaq: CCMP), the world’s leading supplier of chemical mechanical planarization (CMP) polishing slurries and growing CMP pad supplier to the semiconductor industry, announced today that it completed its acquisition of Epoch Material Co., Ltd. (Epoch) for a total purchase price of approximately US$66 million. Epoch was a consolidated subsidiary of Eternal Chemical Co., Ltd. (Eternal) (TAI:1717), and specializes in the development, manufacture and sale of copper CMP slurries and CMP cleaning solutions to the semiconductor industry, as well as color filter slurries to the liquid crystal display (LCD) industry. As planned, Cabot Microelectronics initially obtained 90 percent of Epoch’s stock, with the remaining 10 percent to be transferred to the company from Eternal in eighteen months.[More...]