Posts Tagged ‘Story Stocks’

Few sweet on Skullcandy today

May 6th, 2015 No comments

imagesSkullcandy SKUL shares tumbled 21% to $8.81 Wednesday, a day after the headphone marketer  reported a larger-than approaching initial entertain loss.

The Utah-based association pronounced sales rose 18% to $46.2 million from $39.1 million in the year-ago quarter. But waste widened to $3.7 million (13 cents per share) from $3.5 million in the initial entertain of 2014, due essentially to aloft offered and executive expenses.

CEO Hoby Darling stays optimistic.

“The group is on full attack. We have been assured which the actions directed at mending both the tip and bottom line, whilst investing in origination and direct creation, have us on lane to grasp the full year guidance, and some-more importantly broach postulated expansion and increasing gain over the long-term,” Darling said.

Skullcandy foresee second-quarter sales to stand 7% to 9% and full year formula to stand 13% to 15%.

Wednesday’s selloff erased some-more than 5 months of gains, pulling shares to their lowest levels given December.



Nothing first class about Coach results

April 28th, 2015 No comments


Investors might not wish to take moody on Coach COH just yet. The uneasy featured item tradesman sank 6% to $39.65 Tuesday after  reporting a 15% dump in third entertain sales and pronounced net income fell scarcely 48% as the company’s turnaround efforts unsuccessful to benefit traction.

Cantor Fitzgerald’s Laura Champine told investors which the entertain was the company’s “worst on record.”

North American sales fell 24% to $493 million, whilst general sales fell 3% to $428 million. CEO Victor Luis pronounced the association stays “focused on the execution of the strategy, elevating Coach’s notice in the thoughts of the consumers and reinvesting in the brand.”

Coach had a close on the affordable oppulance zone for years, prior to foe from Michael KORS Kors, Kate Spade KATE and Tory Burch. A complicated faith on promotions and opening stores additionally tarnished the brand’s appeal.

Coach sealed 55 sell and opening stores during the entertain and cut behind on promotions.

Charging ahead in China

April 22nd, 2015 No comments


Shares of MasterCard MA  and Visa climbed 4% Wednesday after China pronounced it would open the made at home bank guess marketplace to  foreign providers.

Starting Jun 1, will finish state-controlled China UnionPay’s reason on the country, The World Trade Organization pronounced in 2012 that China had discriminated opposite credit label companies. Visa and MasterCard  will right away be available  to daub in to a marketplace value about $6.8 trillion annually. Combined, the companies processed about $10 trillion in exchange universe far-reaching in 2014.

“We acquire today’s announcement from the Chinese State Council and see this as a step in the right direction,” MasterCard orator Seth Eisen said. “As we ready and assimilate the sum of the decree, we demeanour brazen to stability to work with the partners in China to assistance consumers and businesses good from the convenience, confidence and innovative offerings of the tellurian remuneration network.”

Wall Street analysts guess the brand brand new Chinese promissory note agreement could supplement $180 million in annual income to MasterCard and $260 million to Visa in 2016.

MasterCard shares sealed up $3.43 to $91.20. Visa gained $2.66 to $68.01.

American Express AXP. that could additionally good from brand brand new Chinese business, combined $1.16 (1.5%) to $78.44.



Blazing Saddles: Dover Saddlery soars on buyout

April 14th, 2015 No comments

download (4)Dover Saddlery DOVR is jumping 67% to $8.37 in Tuesday trade after the equestrian products tradesman concluded to a buyout with investment organisation Webster Capital.

The $8.50-per-share understanding is value about $46 million.

Dover Saddlery Stephen Day says the understanding will assistance the association enhance the sell catalogue and sequence of twenty-five stores. “We feel which this will be a win-win result for all constituents,” Day said.

The 40-year old company, founded by U.S. Equestrian group roving champions Jim and David Powers in 1975, focuses on the English-style roving market. For the ultimate mercantile year, sales strike scarcely $102 million competing in a marketplace which is dominated by small, internal hook shops.

According to association filings, Dover has already targeted twenty-five locations and skeleton to progress catalogue sales to gain on the fragmented $5.8 billion equestrian market.

“We have been vehement about the event to work with Dover’s government to assistance Dover grasp the full potential,” says Webster Capital handling partner Don  Steiner. “Webster will await Dover’s plan to enhance the sell store bottom as good as the catalogue and internet selling programs of peculiarity equestrian products for both the equine and the rider.”

Follow Strauss on Twitter @gstrauss_

United Airlines sees strong passenger revenue in the first quarter

April 9th, 2015 No comments


Investors, who’ve been temperate when it comes to airline bonds might shortly shift their tune, at slightest in courtesy to United Airlines that remarkable a stout uptick in made at home newcomer income at the proceed of the year.

In an investor’s note, J.P. Morgan researcher Jamie Baker pronounced United’s superintendence refurbish to investors Thursday indicated made at home newcomer income per accessible chair mile was up 1.5%. That helped  to strike the disastrous stroke a stronger dollar, and a little weaker unfamiliar currency, is carrying on the carrier’s bottom line.

“This morning’s financier refurbish from UAL was a acquire development,’’ Baker wrote. “As such, we think this could proceed changeable financier conversations from ‘weak international’ and ‘FX headwinds’ to ‘strong made at home demand’ and receptive pricing . .  . ”

United, and alternative airlines, will be stating their initial entertain gain this month.

Journal Media Group off to slow start as newly listed company

April 8th, 2015 No comments


A brand new hold up as a spun-off association is off to a indolent begin for the owners of the Milwaukee Journal Sentinel.

Shares of Journal Media Group, that owns the 178-year old journal in Wisconsin, The Commercial Appeal of Memphis, and fifteen alternative newspapers, have been down about 5% given they began trade a week ago.

The batch (JMG) fell 3.8% on Wednesday to $8.48.

Investors’ doubt about the destiny of imitation edition is expected already labelled in and the normal trade volume – at about 300,000 a day – is comparatively small. But it is the ultimate example of a newly listed print company that has unsuccessful to keep up with the broader, taking flight equity marketplace given being spun off by their primogenitor media company.

Tribune Publishing, that owns The Los Angeles Times, is down about 11% given it was distant from Tribune’s report section in August. Shares of Time Inc., that owns a little of the many iconic magazines in the U.S., have been down about 1.7% given they proposed trade as a apart association after being spun off from Time Warner in June.

Shares of News Corp, that owns The Wall Street Journal and was distant from the former parent’s Fox TV and film assets, have risen about 2.2% given they proposed trade scarcely dual years ago in Jun 2013.

Gannett, that owns USA TODAY, additionally skeleton to turn off the edition commercial operation after this year.

Journal Media Group grew out of a partnership of  E.W. Scripps Co. and Journal Communications final year. As partial of their agreement, they chose to mix Journal and Scripps’ journal businesses and turn them off as a separate, publicly traded company. Scripps right away operates their total promote assets.

In their SEC filing progressing this month, Journal Media Group pronounced its operating income fell 3.6% to $370.3 million final year. Its each year net detriment widened to $25.9 million from a detriment of $16.8 million in 2013.

U.S. markets closed for Good Friday; Asian markets on rise

April 3rd, 2015 No comments

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Markets in the United States and Europe have been sealed for Good Friday. Also sealed was Hong Kong’s Hang Seng Index.

In Asia, Japan’s Nikkei 225 index was up 0.6%, whilst the Shanghai Composite surged 1%.

Clocking gains with Movado

March 31st, 2015 No comments

img1272551710ymuMovado Group MOV clocked an 11% benefit  Tuesday, taking flight $2.89 to $28.52 after posting better-than-expected fourth entertain and mercantile 2015 results.  Management additionally increased sales and gain projections for 2016 and voiced a 10% batch division hike.

The watch builder pronounced fourth entertain sales rose 1.2% to $133.9 million from $132.3 million in the year ago quarter, whilst net income surged 40% to $10.1 million from $7.2 million. For the full 2015 mercantile year, sales were up 1.6% to $587 million from 2014.

“Our brands and businesses achieved on top of the revised expectations and led to fourth entertain and mercantile year 2015 gain leading the guidance,” pronounced CEO Efraim Grinberg.

The delayed sell environment, stronger U.S. dollar and foe from code new marketplace players such as the Apple APPL Watch have been expected to stroke sales and earnings. Still, the association hiked 2016 sales superintendence to $590-$600 million.

Paramus, N.J., formed Movado sells underneath the own code by 35 association stores and a operation of dialect stores and alternative retailers. It additionally designs watches for Coach COH,  Hugo Boss BOSSY ESQ, Tommy Hilfiger and alternative conform labels.

Despite Tuesday’s gains, Movado is down over 35% from the Mar 2014, 52-week high.


Smack down at World Wrestling Entertainment

March 30th, 2015 No comments

images (4)Pro wrestling marketer World Wrestling Entertainment WWE  suffered a vital  Monday pound down.

Shares  tanked 15% to $14.09 after the company’s WWE Network surpassed 1.3 million subscribers following Wrestlemania 31,  the event’s top viewership given the entrance in 1985. But investors dumped shares government pronounced altogether paid subscribership averaged only 918,000 during the  first quarter, next the 1 million and which had been anticipated. Moreover, a giveaway Feb graduation which captivated 201,000 hearing subscribers had converted to only 154,000 subscribers in March.

Chief Financial Officer George Barrios didn’t enthuse confidence,  saying whilst the association is assured in long-term potential,  “growth could take most opposite paths.”

Emmanuel Lemelson of Capital Management, who sold his stake in WWE  last month when the batch strike $16.50, says shares sojourn pricey given net income stays in decline.

“The association has lost about half of the altogether singular subscribers given launch, a rsther than intolerable statistic and expected the motorist of what has turn successive giveaway promotions,” Lemelson says.

WWE  had surged to all-time highs of about $31 final Mar  on WWE Network’s subscription indication  after finale placement agreements with promote and wire TV networks. But the batch took a dive and bottomed underneath $10 by January.

Aside from pay-per-view wrestling events, WWE has partnered with speak show host Jerry Springer and actress Seth Green, between others, to rise uninformed content.

Home a sweet reality for DreamWorks

March 30th, 2015 No comments

images (1)Are the nightmares over for uneasy DreamWorks Animation DWA?

Shares jumped scarcely 7%  to $24.17 Monday after the movie college of music reported better-than-expected week end  box bureau receipts for the ultimate charcterised release, Home.

The family-oriented movie featuring Jim Parsons, Steve Martin, Jennifer Lopez and Rihanna wracked up $54 million by Sunday, far on top of the $30 million to $35 million in projected sheet sales.

“People have been champing at the bit for charcterised family content, Home…benefited from that,” box bureau researcher Paul Dergerabedian of Rentrak told USA Today’s Bryan Alexander.

Home is DreamWorks’ best-opening week end movie given 2012: Madagascar 3: Europe’s Most Wanted tallied some-more than $60 million.

DreamWorks CEO Jeffrey Katzenberg voiced a large restructuring and cut 20% of the company’s workforce after posting a $263 million fourth-quarter loss. The college of music additionally cut movie prolongation to only dual vital drive-in theatre annually.

Monday’s benefit is DreamWorks’ greatest given final September.  Still, shares have been off 16% off 52-week tall and down some-more than 45% from their all-time, Feb 2010 peak.