Seeking Alpha
  • Today - Thursday, October 23, 2014

  • 2:51 PM
    • McDonald's (MCD +0.3%) continues to ride into a "perfect storm" of negatives in the U.S., Europe, and Asia - warns Valuentum Securities equity chief Brian Nelson.
    • He sees the same pressure which drove global comps lower in Q3 leading to another slide in Q4 and into 2015 as any re-imaging efforts take time to implement.
    • The fast-food chain is losing U.S. customers to fast-casual superstars on the premium end of its menu, while feeling promotional pressure from burger peers on the lower end.
    • What to watch: Some retail analysts have suggested the company should follow the lead of Buffalo Wild Wings and attempt to be a brand incubator for new concepts. It's an idea that worked very well for shareholders who held on to Chipotle (+1354.3%) since it spun off from McDonald's.
    • Previous on Mickey D's: Q3 results, Q3 report highlights, the millennials problem
    | Comment!
  • 2:21 PM
    • Imperial Capital calls the sharp decline in Boulder Brands (BDBD -8%) a buying opportunity.
    • The investment firm thinks the issues which led to Q3 and Q3 profit warnings are transitory.
    • Shares of the natural food product maker are rated Outperform at IC.
    | 1 Comment
  • 2:16 PM
    • Canadian National Railway (CNI +2.9%) could hike its dividend rate by 45% in 2015 as its adjust the payout ratio close to 30%, according to analysis from Scotiabank.
    • The investment firm also notes that CNI plans to purchase close to 3.4% of its outstanding shares over the next year through its buyback program.
    | Comment!
  • 1:34 PM
    • Coca-Cola (KO +1.1%) says insider Marcos de Quinto will replace Joseph Tripodi as its chief marketing officer.
    • The management shift follows a Q3 earning report and guidance from the company that left investors underwhelmed.
    | Comment!
  • 1:18 PM
    • Sears Holdings (NASDAQ:SHLD) disputes the list of store closings that SA contributor Mitch Nolen deduced from culling individual liquidation sale notices sent to local media outlets.
    • A spokesperson didn't offer a specific number of store closings for the retail chain, saying an official store count will be included when Q3 results are posted in November.
    • Shares of Sears are up over 4.6% on the day.
    | Comment!
  • 1:15 PM
    • NBCU top exec Steve Burke says the company is considering doling out some of its sports programming to USA Network. Presumably, the move would help in carriage fee negotiations.
    • There's some candid talk on the pressure NBCU will have to maintain the same level of cable ratings due to time-shifted viewing trends.
    • Burke sounded unconcerned with plans by CBS and HBO to launch a streaming service. In the case of HBO, he sees a delicate balancing act for HBO in preventing cannibalization. There are no announced plans for a competing service from NBC at the moment.
    • Comcast (CMCSA +3.4%) had more success selling two-product bundles (no voice) than the triple-play option during the quarter.
    • The merger with Time Warner Cable is expected to close in the early part of 2015.
    • Earnings call webcast
    | Comment!
  • 12:46 PM
    • Nike (NKE +1%) CEO Mark Parker hinted at a continued partnership with Apple in the wearable technology market during an interview with Bloomberg TV. The tight relationship between the two companies in the fitness category goes back to 2006.
    • A fashion show in NYC yesterday highlighted the company's deepening commitment to women's activewear. One big takeaway from the affair was the number of well-known designers coming over to work for the Swoosh.
    • Nike is still hoping it's a Lebron 12 Christmas, despite the delayed global launch of the basketball shoe. James has been wearing the shoes in NBA exhibition action, and unlike last year with the 11s, he's not replacing them at halftime. The product will be available for customization in youth and adult size on Nike's website.
    | Comment!
  • 11:32 AM
    • Cutral-Safra ups its offer price on Chiquita Brands (CQB +7.8%) to $14.50 per share.
    • A previous offer of $14.00 per share was rejected by the company.
    | Comment!
  • 11:27 AM
    • LiveDeal (LIVE +4%) confirms that CEO Jon Isaac purchased 100K shares of the company's stock.
    • The average purchase price for the transactions was $3.05 per share.
    • Earlier this week, a report tipped off that the exec may grab 250K shares over time.
    • SEC Form 4
    | Comment!
  • 11:23 AM
    • Arctic Cat (ACAT +3.4%) rallies as investors focus on the company's FQ2 earnings beat and inventory management more than a drop in guidance.
    • Due to lowered expectations on demand, planned ATV sales will be reduced so that dealers can clear inventory.
    • The company sets FY15 EPS outlook at $1.55-$1.65 vs. $2.25-$2.35 prior and $2.27 consensus.
    | 1 Comment
  • 11:12 AM
    • Domtar (UFS +10.2%) trades higher after sailing past profit estimates with its Q3 report.
    • The company saw its biggest gain in operating income within the Pulp and Paper segment.
    • Lower costs on raw materials coincided with higher average selling prices for paper products.
    | Comment!
  • 11:00 AM
    • Marvel Studios (NYSE:DIS) releases the trailer for Avengers: Age of Ultron after a leaked copy made the rounds online earlier this week.
    • Expectations for the Avengers sequel are sky-high after the first film generated $1.519B globally to rank 3rd on the all-time box office list.
    • The film debuts in the U.S. on May 1, 2015.
    • Trailer (YouTube)
    | 3 Comments
  • 10:51 AM
    • KKR (KKR +1.4%) is taking a serious look at PetSmart (PETM +0.6%), according to the New York Post.
    • The investment firm has a nice track record in the pet supplier business after guiding Pets at Home to a profitable IPO.
    • Firdt-round bids on PetSmart are due in by the end of the month with JPMorgan overseeing the action.
    • Investors haven't really assigned a buyout premium on PETM as shares trade lower than they did three months ago.
    | 1 Comment
  • 10:41 AM
    • Target's (TGT +1.5%) free shipping holiday promotion might not be the margin-killer that some analysts have warned about.
    • Kanter Retail notes the initiative will serve as powerful advertising for the retail giant.
    • Perhaps an even more important point, Target already ships about 67% of its items for free with the REDcard program and a $50 minimum free-shipping deal in the background.
    | Comment!
  • 10:28 AM
    • Dana Holding (DAN +11.9%) trades higher after beating Q3 earnings estimates and raising EPS guidance.
    • The company now expects full-year sales of $6.65B vs. $6.70 consensus.
    • EPS is slotted at $1.93-$1.96 vs. $1.85 consensus.
    | Comment!
  • 10:14 AM
    • CarMax (KMX +6.6%) trades higher after the company approved a $2B increase in its share repurchase program.
    • The total allowance for buybacks is now $3.8B, with $893M already burnt by the automobile retailer.
    | Comment!
  • 10:08 AM
    • Royal Caribbean (NYSE:RCL) reports a net yield increase of 4.2% in Q3.
    • Passenger ticket revenue +6.9% to $1.786B
    • Onboard revenue -5.9% to $602.02M.
    • Passengers carried +5.2% to 1.324M.
    | Comment!
  • 10:02 AM
    • Standpoint Research raises the price target on Fossil (FOSL +1.6%) to $128.
    • The investment firm has shares rated as a Buy.
    | Comment!
  • 9:54 AM
    • Penn National Gaming (PENN +1.3%) reports a drop in revenue across its East/Midwest and Southern Plains geographic segments in Q3.
    • Revenue for the West segment was up 2% to $58.63M.
    • The company was leaner compared to a year ago, with corporate overhead expenses down 19.3% to $19.7M.
    • Ebitda margin +50 bps to 26.4%.
    | Comment!
  • 9:47 AM
    • An earnings beat and a guidance lift isn't quite enough to drive shares of Under Armour (UA -2.1%) higher.
    • Retail analysts note it's a question of valuation.
    • Shares of UA trade at a forward P/E of 57 - compared to Nike's P/E of 24 with the Swoosh also growing net income at a faster clip.
    • CEO Kevin Plank is on a conference call at the moment talking up the company's global prospects.
    • Earnings call webcast
    | 1 Comment
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