Q2 Growth Report - Part 1

Tue, 01 Sep 2009 03:48:21 GMT

Today's Wall Street Journal had an article that asked the question "Can Rally Run without Revenue?" Is the revenue situation really that bad? Let's take a quick look at some the data compiled through the Alert HQ process. After each quarter's earnings season, I try to pull together what I am now calling the Growth Report. Part 1 compiles the list of stocks that have shown a year-over-year increase in both revenue and earnings AND a sequential quarter-over-quarter increase in both revenue and earnings. Given the severity of the economic downturn, very few companies have been able to to pull off this trick. The following table presents a comparison of the last two quarters: [More...]

Bullish On Corrections Corp. (NYSE: CXW)

Mon, 11 May 2009 15:26:34 GMT

We highlight Corrections Corporation of America (CXW), Cornell Companies (CRN) and The Geo Group (GEO). Strong Week for Corrections Corp. Shares of Buy-rated Corrections Corporation of America (CXW) were up more than 25% last week. Late last week, the company reported quarterly earnings that exceeded our expectation, and raised its full-year earnings guidance. We continue to believe that the private-prison industry in the[More...]

Cornell Companies Inc. (NYSE: CRN): Stock Of The Day

Mon, 09 Mar 2009 17:14:00 GMT

Cornell Companies Inc. (NYSE: CRN): Stock of the day by Katharine Schildt, Assistant Editor, The Oxford Club With little certainty on Wall Street, many investors have either chosen to “wait it out” or put their heads in the sand. A few brave souls have been keeping their fingers on the pulse, and we’ve been looking for stocks that have wider “moats” than most companies out there. Unfortunately, in tough economic times – like everyone is currently experiencing – crime rates go up. But there are companies that take advantage of this fact, doing well during normal[More...]

Playing a Potential Oil Rally, Shorting Transports

Mon, 25 Aug 2008 06:18:00 GMT

Corey Rosenbloom at Afraid To Trade has a good breakdown of the somewhat divergent technical picture for the major indexes. I have a more bearish take, but agree the picture is far from clear. I think oil has a better chance of going up than down this week, considering support around 90.00 and the ascending 200 day moving average beneath.As we see[More...]

Cornell Companies, Inc.

Wed, 20 Aug 2008 19:44:00 GMT

Cornell Companies, Inc. (CRN) recently reported strong second-quarter results and boosted its earnings guidance for the remainder of the year.[More...]

Premarket Analysis for 3/19 - Upgrades/Downgrades, Gappers, Actionable Calls

Wed, 19 Mar 2008 14:25:03 GMT

Submitted by Optiondragon[More...]

It is that time of year again...Tax Time

Tue, 12 Feb 2008 10:46:52 GMT

So it is that time of year for me to organize all of my tax info and prepare for the enjoyable process of completing my personal tax forms with the use of Turbo Tax, my software of choice. As a finance professional, I have completing my taxes for the last 7 years or so. I have also helped some of my family members in their quest to meet the April 15th deadline.Normally, I would drive to the local Best Buy store to pickup the CD version of TurboTax Premier. Entering this year, I have noticed that the software (Federal + State) is retailing around $74. Even though this charge is tax deductable...[More...]

Paperstand (C, DAL, MBI, MER, CKR)

Tue, 15 Jan 2008 14:00:14 GMT

The WSJ reports that Citigroup (C) is expected to announce a sizable dividend cut, cash infusion of at least $10bn and write-down of as much as $20bn in mortgage-related investments as part of its 4Q earnings report. CEO Vikram Pandit also is expected to unveil a cost-cutting plan that is likely to include substantial job cuts. The moves are part of his push to shore up the co's finances, including replenishing its depleted capital. At a board meeting yesterday, Citigroup directors were poised to sign off on Mr. Pandit's recommendation to cut the bank's quarterly dividend payment. The size of the cut wasn't clear, but analysts and some investors have been bracing for it to get sliced roughly in half.According to the WSJ, Delta Air (DAL) has opened merger negotiations with both UAL’s (UAUA) United Airlines and Northwest Airlines (NWA), and h[More...]

Barron's Summary (CCK, LDK, PAYX, CAH, GEO, CXW, CRN, CREE)

Mon, 08 Oct 2007 05:56:34 GMT

“The Trader” column out saying that the hotel boom may be peaking. Once-laggard hotel stocks have outperformed the mkt as investors catch on to the industry's pricing power, and the mismatch between frenzied demand and sluggish supply. Most sell-side analysts remain bullish, and further gains are possible, but the risk-reward profile has become less compelling. Businesses drive nearly 2/3 of hotel profits, and as Corporate America grapples with slower economic expansion, a less-accommodating credit mkt and record energy costs, greater scrutiny will come to bear on travel budgets. Big-spending financial-services firms, for one, won't be running up as many big hotel bills, and co’s will negotiate hard-to-keep room rates down. "Given that almost all of the YTD RevPAR growth has come from pricing, we expect lower ‘08 rates will have a significant impact," notes Goldman Sachs analyst Steven Kent. HLT[More...]

WDYT will return to the airwaves in Spanish

Thu, 19 Nov 2009 09:47:00 GMT

Nov. 19--Radio station WDYT-AM (1220), which went silent this year because of a lack of advertising, is being sold to a High Point religious broadcaster who will operate it in Spanish.
According to a regulatory filing with the Federal Communications Commission, Iglesia Nueva Vida will pay $425,000 for the station, which has its transmitter and tower in Gaston County.
Danny Fontana, a Charlotte investment adviser and former WBT-AM personality whose CRN Communications Ltd. purchased the station for $975,000 in 2005, tried to make WDYT succeed as a conservative talk voice, featuring such names as Bill O'Reilly and Sean Hannity.

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Cornell Companies Reports Third-Quarter 2009 Results -- Updates Guidance for Fourth Quarter and Full Year 2009

Thu, 05 Nov 2009 10:47:00 GMT

HOUSTON, Nov. 5, 2009 (GLOBE NEWSWIRE) -- Cornell Companies, Inc. (NYSE:CRN) today reported results for the three and nine months ended September 30, 2009.
Third-Quarter Summary (in thousands, except per share data) --------------------------------------------------------------------- Three Months Ended Nine Months Ended --------------------------------------------------------------------- As Reported 9/30/2009 9/30/2008 9/30/2009 9/30/2008 --------------------------------------------------------------------- Revenue from operations $103,279 $ 95,187 $308,323 $285,225 --------------------------------------------------------------------- Income from operations 18,594 14,037 53,972 43,442 --------------------------------------------------------------------- Net income 7,206 4,915 20,568 14,896 --------------------------------------------------------------------- Income available to stockholders 6,693 4,828 19,182 14,809 --------------------------------------------------------------------- EPS - diluted $ 0.45 $ 0.32 $ 1.28 $ 1.00 --------------------------------------------------------------------- Diluted shares outstanding used in per share computation 14,995 14,915 14,968 14,867 ---------------------------------------------------------------------
Average revenue per diem: ------------------------- Adult Secure Services $ 54.25 $ 54.00 Adult Community-based Services: Residential $ 66.97 $ 66.44 Non-residential(2) $ 9.93 $ 13.71 Abraxas Youth & Family Services: Residential $ 195.88 $ 191.03 Non-residential(2) $ 45.36 $ 47.85 ---------- ---------- Total $ 63.51 $ 63.95 ========== ==========

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Cornell Companies Receives Notice of Intent to Award a Contract from the State of Alaska for 1,000 Beds At Cornell's Hudson Correctional Facility

Sat, 08 Aug 2009 22:16:00 GMT

Cornell Companies, Inc. announced today that it has received from the State of Alaska, Department of Corrections , a Notice of Intent to Award a contract to house 1,000 state prisoners at its Hudson Correctional Facility located in Hudson, Colorado. The Facility, which will have a service capacity of 1,250 beds, is presently under construction and is expected to be completed in the fourth quarter of 2009, at which point the Company anticipates initiating inmate ramp.[More...]

Cornell Companies Reports Second-Quarter 2009 Results Above Guidance -- Increases Guidance for 2009 Second Half

Thu, 06 Aug 2009 10:49:00 GMT

HOUSTON, Aug. 6, 2009 (GLOBE NEWSWIRE) -- Cornell Companies, Inc. (NYSE:CRN) today reported results for the three and six months ended June 30, 2009.
James E. Hyman, Cornell's chairman, president and chief executive officer, said, "In the second quarter, we delivered yet another consecutive quarter of strong operating performance.
Second-Quarter Summary (in thousands, except per share data)

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Cornell Companies to Release Second Quarter 2009 Financial Results On Thursday, August 6, 2009

Wed, 15 Jul 2009 16:18:00 GMT

Cornell Companies, Inc. announced today that it plans to release second quarter 2009 financial results on Thursday, August 6, before the New York Stock Exchange trading day begins. The Company will also host a conference call and audio webcast at 2:00 p.m. Eastern time to discuss the financial results and provide a Company update.[More...]

Cornell Companies Updates Guidance for Full Year -- Reaffirms Guidance for Second Quarter

Wed, 20 May 2009 15:50:00 GMT

Cornell Companies, Inc. today announced that it has been informed by the Georgia Department of Corrections that the Department will not start using the Company's recently completed expansion at its D. Ray James Prison in Georgia. The Company's previous guidance, included in the first quarter earnings release, provided a base case that assumed that the 700-bed expansion at D. Ray James Prison would begin to ramp at the beginning of the third quarter of 2009, and an alternate case that, if the expansion was to remain empty for all of 2009, earnings for the full year would be reduced by up to approximately $0.08 per share. Today's updated guidance assumes that the expansion will remain empty for the remainder of the year. As a result, the Company now expects earnings per share for the full year of $1.62 to $1.70. The Company also reaffirmed the earnings guidance range for the second quarter of $0.42 to $0.46 per share.[More...]

Cornell Companies Reports First Quarter 2009 Earnings Above Guidance -- Raises Earnings Guidance for Full Year

Thu, 07 May 2009 10:55:00 GMT

HOUSTON, May 7, 2009 (GLOBE NEWSWIRE) -- Cornell Companies, Inc. (NYSE:CRN) today reported results for the three months ended March 31, 2009, and provided guidance for the second quarter and the full year.
James E. Hyman, Cornell's chairman, president and chief executive officer, said, "We are pleased by our first quarter results that demonstrate strong attention by our facilities to the daily blocking and tackling required to serve customers and perform financially.
First-Quarter Summary (in thousands, except per share data)

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Cornell Companies to Release First Quarter 2009 Financial Results On Thursday, May 7, 2009

Fri, 17 Apr 2009 15:49:00 GMT

Cornell Companies, Inc. announced today that it plans to release first quarter 2009 financial results on Thursday, May 7, before the New York Stock Exchange trading day begins. The Company will also host a conference call and audio webcast at 2:00 p.m. Eastern time to discuss the financial results and provide a Company update.[More...]

Cornell Companies Reports Fourth-Quarter and Full Year 2008 Results

Thu, 05 Mar 2009 11:57:00 GMT

Cornell Companies, Inc. today reported results for the three and twelve months ended December 31, 2008, and provided guidance for the first quarter and the full year for 2009.[More...]

Cornell Companies to Release Fourth Quarter and Full-Year 2008 Financial Results on Thursday, March 5, 2009

Fri, 27 Feb 2009 21:11:00 GMT

Cornell Companies, Inc. announced today that it plans to release fourth quarter and full-year 2008 financial results on Thursday, March 5, before the New York Stock Exchange trading day begins. The Company will also host a conference call and audio webcast at 11:00 a.m. Eastern time to discuss the financial results and provide a Company update.[More...]

Cornell Companies Names Cathryn L. Porter General Counsel

Mon, 05 Jan 2009 17:00:00 GMT

Cornell Companies, Inc. today announced that Cathryn L. Porter has been named as General Counsel effective January 5, 2009. James E. Hyman, Cornell's chairman, president and chief executive officer, stated, 'We are delighted to have Cathy join the Company in this critical role. She has exactly the background and leadership experience to support the Company in the next stage of our growth plan.'[More...]