Month: September 2019

Tesla TSLA shares rallied strongly to the news that the company was within shouting distance of a 100,000 vehicle delivery milestone. The eccentric CEO Elon Musk who has been criticized by analysts, market watchers and law enforcement, is in the habit of charging up his employees before quarter-end. That’s what his email was supposed to be doing, when it said, “We have a shot at achieving our first 100,000 vehicle delivery quarters…Net orders are tracking to reach about 110k, so demand is strong.” The email somehow leaked out and the contents picked up by EV-focused news website Electrek […]

We issued an updated research report on The Timken Company TKR on Sep 26. The company’s near-term results are likely to bear the brunt of input cost inflation due to the implementation of tariffs and unfavorable foreign-currency impact. Mixed Q2 Timken’s second-quarter adjusted earnings per share improved 14.4% on a year-over-year basis to $1.27 […]

IntelGenx Corp. IGXT announced that it has resubmitted its new drug application (“NDA”) for Rizaport VersaFilm for the treatment of acute migraines to the FDA. The company received a Complete Response Letter (“CRL”) from the FDA regarding the NDA in April 2019. […]

AbbVie Inc. ABBV announced that the FDA approved the label expansion of Mavyret (glecaprevir/pibrentasvir). […]

OGE Energy Corporation OGE announced that the board of directors has approved a 6% increase in the quarterly dividend rate. Notably, the revised dividend will be 38.75 cents, which is payable on Oct 30, 2019 to stockholders on record as of Oct 10. The new annualized dividend rate of the company is $1.55 […]

Per a media release, CenterPoint Energy ’s CNP subsidiary — Vectren Energy — recently secured a $16.2-million natural gas distribution contract from Wright-Patterson Air Force Base. The contract was awarded by the Air Force Life Cycle Management Center, Ohio and the work is expected to be completed by Sep 30, 2029. Rationale of the Deal In February 2019, CenterPoint Energy acquired Vectren Corporation. […]

Value investing is easily one of the most popular ways to find great stocks in any market environment. After all, who wouldn’t want to find stocks that are either flying under the radar and are compelling buys, or offer up tantalizing discounts when compared to fair value? One way to find these companies is by looking at several key metrics and financial ratios, many of which are crucial in the value stock selection process. […]

NGL Energy Partners LP NGL recently announced that it has entered into a definitive agreement with Golden Gate Capital for acquiring the latter’s Hillstone Environmental Partners, LLC for around $600 million. Hillstone Environmental is a water pipeline and disposal infrastructure solutions provider in parts of West Texas and New Mexico. […]

In sync with the portfolio-transformation strategy, EnPro Industries, Inc. NPO recently announced the divesture of the Rome, GA-based brake business to MAT HD, LLC., a subsidiary of MAT Holdings, Inc. […]

Value investing is easily one of the most popular ways to find great stocks in any market environment. After all, who wouldn’t want to find stocks that are either flying under the radar and are compelling buys, or offer up tantalizing discounts when compared to fair value? One way to find these companies is by looking at several key metrics and financial ratios, many of which are crucial in the value stock selection process […]

CURO Group Holdings Corp. CURO appears to be a promising bet now given its solid organic growth and robust fundamentals. Also, its earnings growth prospects are impressive. […]

Northrop Grumman Corp. ’s NOC business division, Northrop Grumman Systems, recently clinched a modification contract for the production and delivery of nine E-2D Advanced Hawkeye aircraft to Japan. […]

Rite Aid Corporation RAD reported second-quarter fiscal 2020 results, wherein adjusted earnings from continuing operations of 12 cents per share outshined the Zacks Consensus Estimate of 8 cents. Moreover, the bottom line compared favorably with the year-ago quarter’s adjusted loss of 15 cents per share. […]