Category Archives: Companies
Barrick Gold: A More Speculative Bet on Gold
Barrick Gold is the second largest publicly-traded gold producer, with an equity market capitalization of $11.6 billion. Like its rival, Newmont Mining, Barrick is focused on reducing costs and improving operating efficiency to maximize free cash flow generation in this … Continue reading
Newmont Mining: A Safer Bet on Gold Mining
Based in the Denver, Newmont Mining Corporation (NEM) is the largest publicly-traded gold miner by equity market capitalization. Its geographic segments include North America (the U.S.), South America (Peru and Surinam), Australia and Africa (Ghana). Newmont’s share price rebounded sharply … Continue reading
Genworth Rate Increases a Potential Positive for GE
In its August 20th issue, Investment News reported that Genworth Financial had received approval from regulators in 22 states to raise costs (i.e. rates) an average of 58% on $160 million of its in-force long-term care policies this year. The … Continue reading
GE Part 3: Contemplating GE Capital
Besides the recent weakness at Power and Oil & Gas, GE has been grappling with legacy issues at GE Capital. Although it has been downsizing for more than a decade now – reducing its assets from $660 billion at the … Continue reading
GE Part 2: Assessing GE’s Value
On June 26, General Electric (GE) announced the outcome of its strategic review. Besides divestiture actions already announced, the company said that it will spin-off its Healthcare business over the next 12-18 months and distribute its 62.5% stake in Baker … Continue reading
GE Part 1: 18Q2 Results
General Electric reported disappointing 2018 second quarter GAAP earnings attributable to shareholders of $736 million or $0.07 per share, down 30% from $1.03 billion or $0.10 per share last year. Adjusted (Non-GAAP) EPS, according to the company’s definition, was $0.19 … Continue reading
StoneMor’s Unit Price Plummets as it Files its Delayed 10-K
Since peaking at $32.01 in July 2015, the MLP units of StoneMor Partners LP (STON) have lost nearly 90% of their value. The steepest part of the decline began in October 2016, just before STON cut its quarterly distribution in … Continue reading
Bed Bath But Not Beyond Hope
BBBY has lost 70% of its value over the past three years. Profits are down sharply mostly because of price competition. Store comparable net sales have been falling mid-single digits, offset by growth in online/mobile sales and other areas. Management … Continue reading
Arch Coal (ARCH) 18Q1 Update
2018 First Quarter Results. On April 26, Arch Coal reported disappointing 2018 first quarter results. Adjusted EPS for the quarter was $2.95, up from $2.82 last year, but behind the consensus forecast of $4.22. Revenues declined 4.3% to $575.3 million, … Continue reading
An Update on Senior Housing Properties Trust (SNH)
Pressure from Declining Occupancy; But SNH Has Sufficient Financial Flexibility to Cope for Next Two Years or More.