Breaking Stories »

July 28, 2014 – 8:21 pm |

US economy failed to rebound in the second quarter of 2014 as much as investors expected and the American currency declined against Euro for the first time during the last seven days.

Tomorrow FED will begin meetings to debates the interest rates pace and if the Government is going to reduce further its bond purchase monthly amount.

Investors and analysts expect the rebound to be weaker than Read more […]

Read the full story »
кредитный займ на карту

Glaxo Posts In-Line 4Q and Offers Solid 2013 Guidance as Pipeline Continues to Flourish

April 2, 2013 – 9:48 am |
gsk

After GlaxoSmithKline issued new debt, implying ongoing comfort with debt leverage well above its large pharmaceutical peers, we are downgrading Glaxo’s credit rating to A+ from AA-. At the end of 2012, Glaxo held GBP 4.3 billion in cash and investments compared with GBP 18.3 billion in debt. In March, Glaxo issued $3 billion in new notes to refinance $2 billion in principal due in 2013. We had previously Read more […]

Netflix’s New Bond Deal – Hit or Miss?

April 2, 2013 – 9:40 am |
netflix-logo

Due to the firm’s investment in international content, Netflix realized a steep drop in EBITDA in 2012, pushing leverage to roughly 4 times from around 1 times at year-end 2011. The firm does have strong cash generation, no near-term debt maturities, and more cash than debt. Additionally, Netflix’s Cash Flow Cushion (cash on the balance sheet and future cash flow divided by debt and debt-like commitments) Read more […]

Ramsay Joint Venture with Sime Darby Advances Asian Strategy

April 2, 2013 – 8:49 am |

Ramsay Health Care confirmed speculation it has entered into a 50:50 joint venture with Malaysian conglomerate Sime Darby Berhad (Sime) to expand its health care businesses in Southeast Asia initially, and eventually throughout Asia. The deal combines Ramsay’s three hospitals in Indonesia with Sime’s portfolio of healthcare assets in Malaysia, which include three hospitals, and a nursing and health Read more […]

Paychex Reports Moderate Growth

April 2, 2013 – 3:00 am |

Paychex reported steady results for the third quarter of fiscal 2013 as the firm’s new sales efforts show some moderately positive movement. The firm reported total revenue growth of 4.2% and operating margin expansion of 98 basis points to 37.92%, year over year. Service revenue (revenue excluding float income) increased 4.3% with service operating margins expanding a solid 106 basis points to 36.76%.

The Read more […]

Winnebago Reports Another Strong Quarter

April 1, 2013 – 9:38 pm |

Winnebago Industries reported another strong quarter Thursday for its fiscal 2013 second quarter. We plan to slightly increase our fair value estimate in light of share repurchases this year and better selling, general, and administrative expense leverage than we had modeled for the long term. The company easily beat revenue and earnings per share consensus with revenue up a robust 34.6% year over Read more […]

UTi Posts Sluggish Fiscal Q4 Results

April 1, 2013 – 8:28 pm |

UTi Worldwide’s fiscal fourth-quarter 2013 top line largely met analysts expectations, though adjusted operating margins came in a bit short. Total gross revenue fell 5% from the same period last year. On an organic basis (excluding foreign exchange), gross revenue fell 3% because of continued weakness in airfreight demand and sluggish pricing to customers (management pointed out that the competitive Read more […]