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YESTERDAY

  • Tuesday, June 18, 2013

  • HTS
    4:27 PM Hatteras Financial (HTS) receives board authorization for a stock repurchase program of up to 10M shares (about 10% of the float). Shares +0.8% AH. Previous: Hatteras maintains its $0.70 dividend. Comment!
  • LZB
    4:17 PM La-Z-Boy (LZB): FQ4 EPS of $0.30 beats by $0.02. Revenue of $359.5M beats by $1.83M. Shares +3.1% AH. (PR) Comment!
  • NYMT
    4:14 PM New York Mortgage Trust (NYMT) maintains its payout, declaring a Q2 dividend of $0.27/share for an annualized yield of 15.3% based on today's close which had the shares trading at a 7.7% premium to March 31 estimated book value. Shares -0.3% AH. (PR) 1 Comment
  • CO
    4:14 PM China Cord Blood (CO): FQ4 EPS of $0.05 beats by $0.03. Revenue of $21.4M beats by $4.81M. Shares +8.9% AH. (PR) Comment!
  • HTS
    4:10 PM Hatteras Financial (HTS) maintains its payout, declaring a Q2 dividend of $0.70/share for an annualized yield of 10.9% based on today's close which had the stock trading at a 8.5% discount to March 31 book value. Shares +0.8% AH. (PR) 1 Comment
  • ADBE
    4:06 PM Adobe Systems (ADBE): FQ2 EPS of $0.36 beats by $0.02. Revenue of $1.011B in-line. (PR) 1 Comment
  • NOK
    1:14 PM Nokia (NOK +9.3%) soars after the chairman of Huawei's consumer business group says his company would be open to buying Nokia in an off-hand remark. Any offer from Huawei would face intense EU scrutiny, given long-standing worries about the company's Chinese government/military ties. Is this a repeat of BlackBerry/Lenovo? 26 Comments
  • HCBK, MTB
    11:30 AM Hudson City Bancorp (HCBK +2%) pops as M&T Bank (MTB +0.6%) looks to soon be able to move forward with its purchase after agreeing with regulators to beef up its anti-money laundering policies. Comment!
  •  
    8:30 AM May Housing Starts: 914K vs. 950K forecast, 856K previous (revised from 853K). Comment!
  • JW.A
    8:11 AM John Wiley & Sons (JW.A): FQ4 EPS of $0.71 misses by $0.09. Adj. Revenue of $446M beats by $5M. (PR) Comment!
  • FDS
    7:02 AM FactSet (FDS): FQ3 EPS of $1.15 misses by $0.11. Revenue of $214.6M (+6% Y/Y) misses by $0.34M. (PR) Comment!
  •  
    4:37 AM U.K. CPI +2.7% on year in May vs +2.4% in April and consensus of +2.6%. On month, CPI growth unchanged at 0.2% but above forecasts of +0.1%. (PR) PPI +0.8% on year vs +0.7% previously and consensus of +0.9%. On month, PPI -0.3% vs -2.3% and unchanged. (PR) Comment!

  • Monday, June 17, 2013

  • SNE
    11:28 PM Dan Loeb's Third Point raises its stake in Sony (SNE) to 7% from 6.5% according to a letter (text) sent to SNE's board. "Shareholders should not have to wait any longer," Loeb says, "the company’s most valuable untapped synergies lie within entertainment itself." 1 Comment
  • RMBS, STM
    4:47 PM Rambus (RMBS) +2% AH after announcing a patent settlement/licensing deal with STMicroelectronics (STM). The deal resolves all outstanding claims - ST has been one of Rambus' ITC legal adversaries, covers the licensing of Rambus' memory and cryptography IP, and gives Rambus access to ST's silicon on insulator tech for use in future memory/interface tech development. Separately, Rambus is narrowing its Q2 revenue guidance range to $56M-$58M from $53M-$58M (consensus is at $57M). (SK Hynix deal) (LSI deal) Comment!
  • AMTG
    4:38 PM Apollo Residential Mortgage (AMTG) maintains its payout, declaring a $0.70/share Q2 dividend for an annualized yield of 15.5%. The current stock price of $18.08 compares to March 31 book value of $21.72/share. Shares +0.6% AH. (PR) Comment!
  • IVR
    4:15 PM Another mortgage REIT holds the line on dividends with Invesco Mortgage (IVR) declaring a $0.65/share payout for Q2. Annualized, it's a 14.3% yield. The current stock price of $18.23 compares to March 31 book value/share of $20.42. (PR) Comment!
  • KFY
    4:08 PM Korn/Ferry Int'l (KFY): FQ4 EPS of $0.32 beats by $0.01. Revenue of $238.6M beats by $15.02M. (PR) Comment!
  • ACT, ABBV
    10:28 AM The Supreme Court says the FTC can take action against deals struck between brand-name drug makers and manufacturers seeking to market generics. The case stems from FTC v. Actavis and revolves around so-called "reverse-payment agreements," so named because the holder of a patent makes a payment to the generic challenger as opposed to the other way around. Some say the agreements amount to the splitting of monopoly profits at the expense of the public. Shares of Actavis (ACT -1.7%) fall on the news and Abbvie (ABBV +0.1%) trades largely flat after slipping initially. Comment!
  • MPAA
    8:16 AM Motorcar Parts (MPAA): FQ4 EPS of -$0.14 misses by $0.11. Revenue of $89.34M beats by $6.6M. (PR) Comment!
  • GRH
    8:15 AM GreenHunter Resources (GRH): Q1 EPS of -$0.25 misses by $0.09. Revenue of $8.59M beats by $0.72M. (PR) Comment!
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