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Earnings Review Of Note Monday-Tuesday

Mon, 27 Apr 2009 11:59:36 GMT

Some names I am looking at early this week Monday Fund holdings - Baidu.com (BIDU) and First National Financial (FNF). The former broke through the 200 day moving average Thursday but I cut it down to 1 share on super froth. The latter has been stagnat the past 8 days, with each day an intraday low hitting the 50 day moving average. Very strange. I cut back a bit to a 2.5% stake since I have double jeopardy in these guys with FNF and FAF. I expect good things but the stock action has been weak"ish" and this is the more expensive of the two - not that[More...]

Should You Sell After A Dividend Cut?

Mon, 10 Nov 2008 14:20:00 GMT

In a recent report Standard and Poors predicted that dividend growth will slow in 2008 and probably become negative in 2009 as more industries are affected by the current economic slowdown. There were several dividend cuts and eliminations last week. Stocks that cut or eliminate their dividends tend to underperform the S&P 500 over time. It’s interesting to note that investors reacted differently about each occasion where a dividend cut or elimination occured. Carnival Corp (CCL) announced on October 31 that it will suspend its dividend for 2009. The company announced that the dividend suspension would result in annualized cash savings of approximately $1.3 billion. The significant liquidity provided by the[More...]

Troubles For Domestic Car Dealers

Wed, 29 Oct 2008 20:47:00 GMT

In the prior post we discussed the problems with the automakers, now let's discuss the problems faced by Car Dealers: (From the WSJ): "With credit drying up and new-vehicle sales slumping to a 25-year low, car dealerships from New Jersey to California are going out of business at an accelerating pace, threatening greater economic pain for communities around the country. [More...]

Analyst Comments: Smith Int'l, Plains Exploration, Group 1 Auto, Carnival, UAL Corp, Canon, Quicksilver, BJ Services, Castle Brands

Fri, 12 Sep 2008 21:32:00 GMT

We are upgrading Smith International, Inc. (SII) shares to Buy from Hold following the stock?s recent weakness, which has made valuation very compelling, in our view. The recent completion of the W-H Energy acquisition provides Smith with entry into new product lines with favorable growth prospects, particularly internationally. Looking ahead, we expect the company to generate strong revenue growth and margin expansion, aided by demand acceleration, price increases and cost discipline. We have raised our EPS estimates (2008: $3.87 vs. $3.78; 2009: $4.90 vs. $4.69) and kept our price objective unchanged. Our price objective remains unchanged. Performance of oilfield service companies, including Smith International, is closely tied to capital expenditures by oil and gas companies on exploration and production (E&P) activities. Peak[More...]

Analyst Comments: Lehman, American Oriental, Penn Virginia, Hanger Orthopedic, Fred, Home Depot, Sanderson Farms, International Rectifier, Methanex, Nordstrom, Ultra Clean Holdings, Nucor Corp, Fifth Third Bancorp, Tenneco

Tue, 19 Aug 2008 19:41:00 GMT

As the Dow, Nasdaq and S&P 500 all sell off roughly a percentage point as of mid-day Monday, an AP report cites a Wall Street Journal article from this morning about Lehman Brothers' (LEH) difficulties continuing.? Lehman may need to pre-announce losses f[More...]

Oversold Bounce Time after One More Rinse

Fri, 27 Jun 2008 13:53:10 GMT

Pre-market oil is teasing $142.00 and equity futures are down. It looks like equities will have that final rinse down today that will clear...[More...]

Analyst Comments: Group 1 Auto, Advanced Analogic Technologies, Santarus

Wed, 18 Jun 2008 00:06:33 GMT

Group 1 Automotive, Inc. (GPI) has generated most of its recent growth through acquisitions. The recently reduced interest rates will provide further growth for the company. GPI aggressively manages its costs and has dealerships with above-average profitability. Further, the company has a strong geographical presence. However, a difficult car sales environment is affecting revenues. The company anticipates a modest 1-2% growth in revenues for 2008. Thus, we...[More...]

A Good Month — A Good Year, so far

Mon, 02 Jun 2008 03:22:35 GMT

Of the 35 stocks in my portfolio, only 4 lost money for me in May: Magna International, Group 1 Automotive, Reinsurance Group of America, and Hartford Insurance. My largest gainer, OfficeMax, paid for all of the losses and then some.[More...]

Cheapest Five Star Stocks

Tue, 29 Apr 2008 13:34:52 GMT

Yesterday's article showing nine cheap momentum stocks proved popular. A slew of requests came in for the cheapest stocks rated 5 stars by Morningstar.[More...]

FOMC Takes Centre Stage This Week

Tue, 29 Apr 2008 00:08:41 GMT

The market is in a critical junction now. S&P 500 is near 1,400 level, which is an important resistance level. If you can break and follow through, there is a good chance of uptrend continuing. Let's see how the market reacts this Wed on FOMC statement.[More...]

Group 1 Automotive Reports Preliminary Third-Quarter Results

Tue, 13 Oct 2009 20:47:00 GMT

Group 1 Automotive, Inc. (NYSE: GPI), a Fortune 500 automotive retailer, today reported that based on preliminary results, it expects 2009 third-quarter diluted earnings per share within a range of $0.68 to $0.72.
Group 1 is reviewing the impact of the quarter's results on its forecast and will address full-year guidance when the company announces its third-quarter earnings results on Oct. 27.
Group 1 announced that it will release financial results for the third quarter ended Sept. 30, 2009, on Tuesday, Oct. 27, before market open.

[More...]

RidgewaterEquity.Com Free Fundamental Sector &Amp; Market Research on MPG, NTT, ASX, NM, BRE and GPI

Thu, 01 Oct 2009 11:07:00 GMT

RidgewaterEquity.com inspires to bring the best from the internet under one roof, providing you with a one click option to view what the market, researchers and financial pundits worldwide have to say about any particular large cap stocks in any given financial environment.
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We have recently begun in-depth analysis of the following equities & their respective sectors:

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Group 1 Automotive Reports Better-Than-Expected 2009 Second-Quarter Earnings

Tue, 28 Jul 2009 10:55:00 GMT

HOUSTON, TX -- -- 07/28/09 -- Group 1 Automotive, Inc. , a Fortune 500 automotive retailer, today reported second-quarter adjusted net income from continuing operations of $10.3 million, or $0.44 per diluted share, for the period ended June 30, 2009, as compared to the 2008 results of $17.8 million, or $0.79 per diluted share. For comparison purposes, as shown in the attached reconciliation table, the 2009 second-quarter results included after-tax charges of $0.2 million, or $0.01 per diluted share, for a non-cash impairment charge for a property related to a domestic manufacturer; pre-payment charges on independent mortgage agreements that were rolled into the existing syndicated mortgage facility; and, gains on a dealership disposition and debt redemptions. The 2008 second-quarter results included lease termination after-tax charges of $0.5 million, or $0.02 per diluted share. Including the charges, net income from continuing operations was $10.1 million, or $0.43 per diluted share, for the quarter ended June 30, 2009.[More...]

StreetInvesting.Com Free Research on BJ, EXG, GPI, PIR, CPE and SM

Thu, 09 Jul 2009 14:23:00 GMT

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Group 1 Automotive Schedules 2009 Second-Quarter Earnings Release and Conference Call

Thu, 09 Jul 2009 12:40:00 GMT

HOUSTON, TX -- -- 07/09/09 -- Group 1 Automotive Inc. , a Fortune 500 automotive retailer, today announced that it will release financial results for the second quarter ended June 30, 2009, on Tuesday, July 28, before market open. Earl J. Hesterberg, Group 1's president and chief executive officer, and the company's senior management team will host a conference call to discuss the results later that morning at 10 a.m. EDT.[More...]

Group 1 Automotive Reduces Ford Motor Credit Financing Capacity to Align With Brand Sales

Mon, 22 Jun 2009 12:56:00 GMT

HOUSTON, TX -- -- 06/22/09 -- Group 1 Automotive Inc. , a Fortune 500 automotive retailer, today announced that it has reduced the borrowing capacity under its credit arrangement with Ford Motor Credit Company for floorplan financing to $150 million, from $300 million, with no change to the terms or pricing. This evergreen facility provides financing for new vehicle inventory manufactured by Ford Motor Company and its affiliates.[More...]

Group 1 Automotive to Present at Wachovia's Mid-Year Equity Conference

Fri, 19 Jun 2009 12:55:00 GMT

HOUSTON, TX -- -- 06/19/09 -- Group 1 Automotive Inc. , a Fortune 500 automotive retailer, today announced that executive management will present at Wachovia's 19th Annual Mid-Year Equity Conference. The presentation will provide an overview of Group 1's first-quarter financial results, as well as its outlook and strategy for 2009.[More...]

Group 1 Automotive to Present at Stephens Inc. Investment Conference

Thu, 28 May 2009 20:25:00 GMT

HOUSTON, TX -- -- 05/28/09 -- Group 1 Automotive Inc. , a Fortune 500 automotive retailer, today announced that executive management will present at the Stephens Inc. Spring Investment Conference. The presentation will provide an overview of Group 1's first-quarter financial results, as well as its outlook and strategy for 2009.[More...]

Group 1 Automotive Stockholders Re-Elect Hesterberg and Raff as Directors

Thu, 21 May 2009 16:21:00 GMT

HOUSTON, TX -- -- 05/21/09 -- Group 1 Automotive Inc. , a Fortune 500 automotive retailer, announced that stockholders re-elected directors Earl J. Hesterberg and Beryl Raff to additional three-year terms at today's annual stockholders' meeting.[More...]

Group 1 Automotive Reports Profitable First Quarter

Tue, 28 Apr 2009 10:56:00 GMT

HOUSTON, TX -- -- 04/28/09 -- Group 1 Automotive, Inc. , a Fortune 500 automotive retailer, today reported net income from continuing operations before the adoption of Accounting Principles Bulletin 14-1, , of $14.7 million, or $0.64 per diluted share, for the first quarter ended March 31, 2009, as compared to $17.2 million, or $0.76 per diluted share, in the first quarter of 2008. For comparison purposes, the 2009 first-quarter results included an after-tax loss on a dealership disposition of $0.5 million, or $0.02 per diluted share; and the periods ending March 31, 2009 and 2008, had gains on debt repurchases of $0.42 and $0.01 per diluted share, respectively. As shown in the attached reconciliation table, excluding the disposition charge and the gain on debt repurchases first-quarter profit from continuing operations before the adoption of APB 14-1 was $0.24 per diluted share.[More...]