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Joseph Scime
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My goal is to combine 20 years of investor relations, investment banking, capital markets and C-level experience to uncover opportunities for greater market capitalization and long term shareholder growth
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  • How Western Europe e-Commerce Retail compare to the US
    Western Europe leads the world in retail e-commerce sales. Its dominance will continue through 2012, when online retail sales will cross the $200 billion threshold.

    The UK is the most mature market, but other countries increasingly contribute to the region's online buying clout. For example, France and Germany together boast 89 million Internet users in 2010, eMarketer estimates, and the majority are online purchasers.

    The population of online shoppers and buyers in the region is rising steadily. Forrester Research projected that the number of Western Europeans buying on the Web will grow from 141 million in 2009 to 190 million in 2014.

    Event tickets, consumer electronics, books, music and DVDs, as well as travel and accommodation, rank among the most frequent online purchases in all major Western European countries. Clothing is becoming a popular buy, too.

    But there are key differences in these markets. France and Germany have shown much higher online sales and greater e-commerce activity among Web users than Italy and Spain, where the Internet still represents a fraction of total retail volume.

    This year, 162 million people in the US will research products online, and much of this research will lead to in-store purchases. Over 82% of online researchers, or 133 million people, will be online buyers. The percent of online buyers will rise as young Internet users, predisposed to e-commerce, replace older users.


    Jul 12 7:09 PM | Link | Comment!
  • SAIC Inc. (SAI)

    SAIC Inc. (SAI) is a FORTUNE 500 Scientific, Engineering and Technology Applications company that uses its deep domain and mission knowledge to support the customer’s entire life cycle.

    Knowledge to solve problems of vital importance to the nation and the world, in National Security, Energy and the Environment, Critical Infrastructures, and Health.

     

    Market Cap (intraday)

    5.85B

    Enterprise Value (Jun 26, 2011)

    6.41B

    Trailing P/E (ttm, intraday):

    9.79

    Forward P/E (fye Jan 31, 2013)

    11.03

    PEG Ratio (5 yr expected)

    1.37

    Price/Sales (ttm):

    0.53

    Price/Book (mrq):

    2.45

    Enterprise Value/Revenue (ttm)

    0.57

    Enterprise Value/EBITDA (ttm)

    5.85

     

    Income Statement

    Revenue (ttm):

    11.18B

    Revenue Per Share (ttm):

    31.31

    Gross Profit (ttm):

    1.48B

    EBITDA (ttm):

    1.10B

    Net Income Avl to Common (ttm):

    555.00M

    Diluted EPS (ttm):

    1.69

    Qtrly Earnings Growth (yoy):

    4.80%

     

    Balance Sheet

    Total Cash (mrq):

    1.28B

    Total Cash Per Share (mrq):

    3.63

    Total Debt (mrq):

    1.85B

    Total Debt/Equity (mrq):

    77.29

    Current Ratio (mrq):

    2.13

    Book Value Per Share (mrq):

    6.79

     

     

    Revenues for FY11 totaled $11.1 billion, an increase of 2 percent over FY10. Operating income was $958 million (8.6 percent of revenue), up 10 percent from $867 million (8.0 percent of revenue) in the prior fiscal year.

    Diluted earnings per share from continuing operations for the year were $1.51, up 22 percent from $1.24 in FY10. Cash flow from continuing operations was $737 million, up 19 percent from $620 million in the prior fiscal year.

    52-Week High (Apr 28, 2011) 17.65
    52Week Low (Aug 31, 2010)3:14.87
    Shares Outstanding5:353.21M
    Float: 282.01M

     

    Price Target  Summary Per Share

     

    Mean Target:

    $17.43

    Median Target:

    $18.00

    High Target:

    $20.00

    Low Target:

    $14.00

     

     

    Earnings Est. Per Share for Year Jan 2012

    Earnings Est. Average                                                                                      $1.44
    Earnings Est. Low                                                                                             $1.33
    Earnings Est. High                                                                                            $1.47                                                                                                  
    Earnings Est. Per Share for Year Jan 2013

    Earnings Est. Average                                                                                      $1.50 
    Earnings Est. Low                                                                                             $1.43 
    Earnings Est. High                                                                                            $1.57                                                                                               

    SAI has Sales Growth of 3.00%, a forecasted Earnings Growth Rate of 5.00% and good Corporate Governance.

    As the U.S moves out of the war in the Middle East, it is projected that more of the U.S security demands will be placed and outsourced to companies. SAIC is poised for greater top line growth.

    Corporate Governance Risk

     

     

    SAIC, Inc.’s Governance Risk Indicator (GRI®) as of Jun 1, 2011 is:
    Board (Low Risk),
    Audit (Low Risk), Compensation (Medium Risk), Shareholder Rights (Low Risk).


    Jun 26 1:42 PM | Link | Comment!
  • Echo Global Logistics (ECHO)

    Echo Global Logistics, Inc. (ECHO) Provides technology enabled transportation and supply chain management services and logistics needs in the United States. A dedicated team business model gives each client a team of transportation professionals to be your point of contact for all your shipping needs.  Its Web-based technology platform, Evolved Transportation Manager, compiles and analyzes data from its network of approximately 24,000 transportation providers to serve a primary market of small to medium shippers and freight management needs.

     ONGOING TECHNOLOGY

    -Average of two software releases per month

    -Support significant scale and growth in software services, client base, loads, data and vendors

    -Standardized, reusable services and processes to ensure scalability and constant service levels

    -99.999% uptime for all transactional and back office systems

    -Implementation of SOX controls and successful completion of year one SOX audits

    -Post acquisition integration of staff, processes, clients, vendors, data, AP, AR, etc.

    Market Cap (intraday)

    368.91M

    Enterprise Value (Jun 26, 2011)

    326.06M

    Trailing P/E (ttm, intraday)

    39.69

    Forward P/E (fye Dec 31, 2012)

    20.58

    PEG Ratio (5 yr expected)

    0.93

    Price/Sales (ttm):

    0.79

    Price/Book (mrq):

    3.41

    Enterprise Value/Revenue (ttm)

    0.70

    Enterprise Value/EBITDA (ttm)

    17.50

     

    Share Structure

    Shares Outstanding  22.13M

    Float  10.14M

    % Held by Insiders 40.77%

    % Held by Institutions 50.80%

    Risk Highlights

    Corporate Governance

     

     

    Echo Global Logistics, Inc.’s Governance Risk Indicator (GRI®) as of Jun 1, 2011 is: Board (Low Risk), Audit (Medium Risk), Compensation (High Risk), Shareholder Rights (Low Risk).

    Provided by RiskMetrics Group

     

    Price Target  (ECHO)

    Mean $19.00

    High $ 22.00

    Low $16.00

     

    EPS Target Year of 2011

    Est. Average EPS  $0.57

    Low Est.                 $0.55

    High Est.                 $0.61

     

    EPS Target Year Ending 2012

    Est. Average EPS   $0.81

    Low Est.                  $0.75

    High Est.                 $0.85

      

    Value Proposition

    GROWTH

    Growth through rolling up the industry in acquisitions of small to mid -size players.

    After 12 months, acquisition revenue is up 67% on average

    Five out of seven acquisitions have doubled their revenue -It takes an average of 16 months to double revenues from acquisitions.

    ECHO has a forecasted Earnings Growth Rate of 16% and a Sales Growth Rate of 42% per year. This is exceptionally good compared to its competitors.


    Jun 26 12:14 PM | Link | Comment!
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