Seeking Alpha
  • Today - Wednesday, October 1, 2014

  • 6:19 PM
    • Canadian Pacific Railway (NYSE:CP) says it expects to more than double its profit from 2014 levels and boost annual revenue to C$10B by 2018.
    • The improved financial targets come as CP says it hit a number of its financial and operational objectives two years earlier than expected.
    • The four-year plan is the second long-term road map put forth by Hunter Harrison since he became CEO in 2012; Under Harrison, CP's operating ratio has improved to the mid-60% range and its share price has tripled.
    | Comment!
  • 5:42 PM
    • Activist investor Starboard Value has disclosed a 9.9% stake in RealD (NYSE:RLD), and has offered to buy the rest of the company for $12/share. The price represents a 29% premium to RealD's Wednesday close.
    • Starboard says it doesn't believe RealD is "best positioned to execute against its future opportunities as a public company," and thinks its near-term performance "may suffer given the challenged release schedule for 3D films."
    • Shares are at $11.48 AH.
    | Comment!
  • 5:12 PM
    • The multi-year deal with the NFL is said to expand DirecTV's (NASDAQ:DTV) "exclusive rights to carry NFL Sunday Ticket and its package of every Sunday afternoon out-of-market game."
    • It also expands DirecTV's rights to stream Sunday Ticket games on the Web and mobile devices, and gives DirecTV subs online access to NFL Network streams.
    • Deal terms are undisclosed. Sports Business Daily previously reported DirecTV would be paying $1.3B-$1.4B/year, up from the $1B/year it currently pays.
    • DirecTV is up 1.9% AH. Acquirer AT&T (NYSE:T) is up 0.4%. AT&T had the right to walk away from the DirecTV deal if Sunday Ticket wasn't renewed.
    • Update: Re/code reports the new deal is good for 8 years.
    | 1 Comment
  • 4:14 PM
    • National American University (NASDAQ:NAUH): FQ1 EPS of $0.09 beats by $0.11.
    • Revenue of $29.3M (-5.3% Y/Y) beats by $0.37M.
    • Press Release
    | Comment!
  • 3:14 PM
    • Tesla Motors (NASDAQ:TSLA) unit sales estimated to be 2,500.
    • The mark would set a monthly sales record for the Model S.
    • Guidance from the company is for Q3 global deliveries of 7.8K and 9K vehicles produced.
    | 54 Comments
  • 2:53 PM
    • Stephane Richard, the CEO of giant French telco Orange (ORAN -2.6%), has confirmed to Le Monde Orange will offer Netflix's (NFLX -2.8%) services to pay-TV clients through its set-tops. "The negotiations were tough but are finished. There is no reason to penalize Orange customers, who will have a much better experience using Netflix through the box."
    • Orange had 5.78M French TV subs at the end of Q2. Netflix launched in France (and several other European markets) last month, and has already struck a deal with Orange rival Bouygues.
    • European pay-TV providers have generally been more willing to partner with Netflix than their American peers, who often view the company as a threat.
    | Comment!
  • 2:46 PM
    • Porsche (OTCQX:VLKAY) unit sales +16.6% to 3,607.
    • Cayenne sales -14.3% to 1,196 units.
    • The new Macan model had sales of 702 units.
    • YTD Porsche sales +12.1% to 35,366.
    | Comment!
  • 2:41 PM
    • Maserati (OTCPK:FIATY) unit sales +241% to 1,367.
    • The brand opened seven new dealerships in the U.S. over the last three months to bring its store count to 100. Another 20 dealerships are expected to be opened by the end of the year.
    | Comment!
  • 2:37 PM
    • PepsiCo (PEP -0.4%) announces it will roll out Pepsi True in the middle of this month.
    • The company is limiting distribution initially to sales off the Amazon.com website.
    • Pepsi True is an attempt by the company to carve out a niche mid-calorie segment. The drink contains stevia - instead of artificial sweeteners and high-fructose corn syrup.
    | 2 Comments
  • 2:15 PM
    • Audi (OTCQX:VLKAY) unit sales +14.2% to 14,917.
    • Sales by model line: A3 2,340 (new); A4 -26.1% to 2,480; A5 -20.3% to 1,204; Q5 -0.9% to 3,3240, Q7 -1.5% to 1,365.
    • YTD Audi sales +14.5% to 130,983 units.
    | Comment!
  • 2:11 PM
    • Toyota (NYSE:TM) stayed the the top retail brand in the U.S. for the 9th straight month as SUV and crossover demand was strong during the period.
    • New model introductions continue to see positive sales growth trends.
    • Sales by brand: Toyota +0.3% to 167,279; Lexus +11.9% to 21,852.
    • Sales by model: Corolla -11.7% to 20,530; Prius -10.2% to 14,277; Camry -10.6% to 28,507; Lexus ES +17.6% to 5,722; RAV4 +42.7% to 22,724, Highlander +21.7% to 10,542.
    • The volume gains include an extra selling day in this year's September selling period.
    | Comment!
  • 1:47 PM
    • Mitsubishi Motors (OTCPK:MMTOF) unit sales +38.9% to 5,558.
    • The automaker reports sales of the new Mirage came in at 1,340.
    • Outlander Sports sales +28.3% to 2,351 units.
    • YTD Mitsubishi U.S. sales are up 30.1% to 58,365.
    | Comment!
  • 1:41 PM
    • Concerns about the Ebola case in Dallas have contributed to a downward swing in hotel stocks
    • The group has been one of the harder hit sectors on the day.
    • Decliners: Starwood Hotels (NYSE:HOT) -3.8%, Hyatt Hotels (NYSE:H) -3.1%, Hilton Worldwide (NYSE:HLT) -1.4%, Diamond Resorts (NYSE:DRII) -3.0%, InterContinental Hotels Group (NYSE:IHG) -2.6%, Wyndham Worldwide (NYSE:WYN) -3.3%, La Quinta (NYSE:LQ) -1.7%, Marriott International (NASDAQ:MAR) -3.5%, Red Lion Hotels (NYSE:RLH) -2.3%, Choice Hotels International (NYSE:CHH) -2.3%.
    • Previous coverage on Ebola impact
    | 3 Comments
  • 1:31 PM
    • Mercedes-Benz (OTCPK:DDAIF) unit sales +10.6% to 27,315.
    • Sales growth by Mercedes class: C-Class -1.6% to 6,285; E-Class -13.5% to 4,883; S-Class +393% to 1,909; M-Class +8.8% to 3,460; GL-Class -8.3% to 2,154.
    • Sprinter sales rose 2.6% to 2,208.
    • Smart sales up 19.7% to 748.
    • Pre-owned sales for Mercedes-Benz increased 30.1% to 8,648.
    | 3 Comments
  • 1:11 PM
    • Honda (NYSE:HMC) unit sales +12.0% to 118,223 vs. +15% consensus estimate.
    • The Honda division had sales of 104,391 vehicles, while Acura moved 13,832 units.
    • Sales growth by model: Accord +30.9% to 32,956; Odyssey +13.7% to 8,769; Acura ILX +7.4% to 1,464; Acura RDX +6.9% to 3,230.
    | Comment!
  • 12:55 PM
    • Kia Motors (OTC:HYMLF) unit sales +6.9% to 40,628.
    • Sales growth by model: Rio -16.8% to 2,240; Optima -6.3% to 10,908; Soul +45.7% to 10,802; Sorento -15.8% to 6,606
    • The South Korean automaker notes that its first all-electric entry, the Soul EV, is beginning to arrive at dealerships.
    • Hyundai reported sales tallies for the Hyundai brand earlier today.
    | Comment!
  • 12:48 PM
    • Subaru (OTCPK:FUJHY) unit sales +30.7% to 41,517.
    • Sales by model: Forester +18.5% to 12,584; Outback +39.0% to 11,315; XV Crosstek +60.9% to 5,691.
    • The Japanese automaker has seen sales rise 19.8% YTD to 375,485 units.
    | Comment!
  • 12:45 PM
    • Mazda (OTCPK:MZDAY) unit sales +6.7% Y/Y to 23,980.
    • Mazda CX-5 sales +28.9% to 8,079 units.
    • Mazda6 sales +34.6% to 4,263.
    • Mazda2 sales -17.3% to 1,585.
    • Pre-owned sales increased 17% Y/Y to 3,513 during the period.
    | Comment!
  • 12:42 PM
    • BMW (OTCPK:BAMXY) unit sales +3.2% to 29,805.
    • Sales growth by brand: BMW +8.6% to 25,586; Mini -20.5% to 4,219.
    • YTD BMW sales +5.2% to 275,779.
    | Comment!
  • 12:41 PM
    • "Coca-Cola (KO -0.2%) has finally conceded that the equity compensation plan it put to a vote of shareholders in April was outrageously excessive and inconsistent with past plans," says David Winters, responding to changes announced today to the company's pay plan.
    • Citing "shareholder engagement" a number of times in its press release (i.e. a chat with Warren Buffett), Coca-Cola says the new guidelines "further align compensation to the long-term interests of shareowners."
    • The last word goes to Winters: "Today's statement by Coca-Cola only calls into question the competence and leadership of the board of directors and management. Much more work has to be done to revitalize Coca-Cola and restore trust in the company.”
    | 10 Comments
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