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E. I. du Pont de Nemours and Company (DD) is a science and engineering company that offers products and patents applications for agriculture, nutrition, electronics and communications, safety and protection, home and construction, transportation and apparel.

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Insider selling during the last 30 days

Here is a table of DuPont's insider activity during the last 30 days.

Name Title Trade Date Shares Sold Rule 10b5-1 Current Ownership Decrease In Ownership Benito Cachinero SVP April 22 8,532 No 44,070 shares 16.2% Ellen Kullman CEO April 2 304,559 Yes 449,317 shares + 236,439 options 30.8% Thomas Sager SVP April 2 17,530 Yes 46,865 shares + 8,766 options 24.0% James Borel EVP April 1 30,909 Yes 158,419 shares + 33,253 options 13.9%

There have been 361,530 shares sold by insiders during the last 30 days. Ellen Kullman, Thomas Sager, and James Borel sold shares pursuant to a Rule 10b5-1 plan.


Complete Story » ByDallas Salazar:

Who is Amber Road, Inc.?

Amber Road, Inc. (AMBR) provides global trade management (GTM) solutions in the United States and internationally. Its GTM solutions comprise modules for logistics contract and rate management; supply chain visibility and event management; international trade compliance; and global knowledge to importers and exporters, nonvessel owning common carriers, and ocean carriers. Amber Road, Inc. offers its solution to enterprises in various industries, including chemical/pharmaceutical, high technology/electronics, industrial/manufacturing, logistics, oil and gas, and retail/apparel through a software-as-a-service model.

AMBR held an IPO on March 21, 2014. Their shares have appreciated 14% since the offering.

What do they do and how do they expect to stay competitive going forward?

I should start by telling you that I only became interested in AMBR because a well-known stock promotion service started pumping this stock a few days after the IPO making outrageous claims that the stock was headed to the


Complete Story » By Stephen Simpson, CFA:

Definitely not a household name for most American readers, Spain's Almirall SA (OTC:LBTSF) (ALM.MC) is building an interesting specialty pharmaceutical business for itself in Europe. Roughly 80% of the company's sales are in Europe (half of that in Spain) and the company still depends upon in-licensed products for close to half of its sales, but aclidinium and a newly expanded dermatology business could lead to meaningful revenue growth and margin leverage in the coming years.

Almirall certainly still has challenges in front of it, including getting a combo version of aclidinium through the FDA approval process and bulking up its drug development efforts, but the forward valuation doesn't seem demanding and mid-cap drug companies are being hunted to extinction in the M&A market.

A Mixed Model

Almirall is a little bit of everything right now, and that's not a point in the company's favor. The third-largest drug company in


Complete Story » By Abdalla Al-ayrot:

Growlife (OTC:OTC:PHOT) will resume trading later today at 11:50 PM following a one-week halt by the SEC. The reason for the halt was according to the SEC: "because of questions that have been raised about the accuracy and adequacy of information in the marketplace and potentially manipulative transactions in PHOT's common stock."

What remains crucial for investors is to measure and follow the development in the retail interest for cannabis stocks, as this is the driving factor behind the development in cannabis share prices.

I have covered the SEC halt of Growlife and its effect on the rest of the industry in two other articles on Seeking Alpha. The first article focused on what the expected effect could have been, while my second article quantified and proved that the SEC halts of Growlife, Citadel EFT (OTC:OTC:CDFT), Advanced Cannabis Solutions (OTC:OTC:CANN), Aventura Equities, Inc. (OTC:OTC:AVNE) and Petrotech (OTC:OTC:PTOG) have been the


Complete Story »

Flagstar Bancorp Inc. (FBC)

Q1 2014 Earnings Conference Call

April 23, 2014 11:00 AM ET

Executives

Paul Borja - EVP and CFO

Sandro DiNello - President and CEO

Lee Smith - EVP and COO

Analysts

Bose George - KBW

Paul Miller - FBR

Scott Siefers - Sandler O'Neill & Partners

Kevin Barker - Compass Point

Jim Fowler - Harvest Capital

Presentation

Operator

Good day, and welcome to the Flagstar Bank First Quarter Investor Relations Conference Call. Today’s conference is being recorded. At this time, I would like to turn the conference over to the chairperson. Please go ahead.

Paul Borja

Hi, good morning everyone. I’d like welcome you to the Flagstar Bancorp Bank First Quarter 2014 Earnings Call. My name is Paul Borja, and I’m the Chief Financial Officer of Flagstar Bank.

Before we begin, I’d like to remind you that the presentation today may contain forward-looking statements regarding both


Complete Story »

Infinera Corporation (INFN)

Q1 2014 Results Earnings Conference Call

April 23, 2014 05:00 PM ET

Executives

Leigh Salvo - Investor Relations

Tom Fallon - Chief Executive Officer

Brad Feller - Chief Financial Officer

Dave Welch - President

Analysts

Sanjiv Wadhwani - Stifel

Simona Jankowski - Goldman Sachs

George Notter - Jefferies

Scott Thompson - FBR

Rajagopal Raghunathan - JP Morgan

Michael Genovese - MKM Partners

Alex Henderson - Needham

Dmitry Netis - William Blair

Subu Subrahmanyan - Juda Group

Presentation

Operator

Welcome to the First Quarter Year 2014 Investment Community Conference Call of Infinera Corporation. All lines will be in a listen-only mode until the question-and-answer session. (Operator Instructions). Today’s call is being recorded. If anyone has any objections, you may disconnect at this time. I would now like to turn the call over to Ms. Leigh Salvo of Infinera Investor Relations. Leigh, you may begin.

Leigh Salvo

Thank you


Complete Story » By Unconventional Capital Wisdom:

Platform Specialty Products (PAH) last week announced their intent to purchase Chemtura's AgroSolutions for nearly $1 billion. This is the first acquisition since the company re-listed in the US after the initial MacDermid acquisition last year. AgroSolutions fits well into Chairman Martin Franklin and CEO Daniel Leever's acquisition strategy for PAH. We will summarize the transaction, describe why we believe PAH's decision was a good one and what impact it will have on shareholders.

The ultimate goal of PAH is to build a world class/world scale specialty chemicals company. To achieve this goal the company has set in place a strict acquisition strategy to build upon quality operations and provide value for shareholders by focusing on the price of acquisitions. This acquisition strategy works because many large companies, including chemical companies, have been focusing their operations on their core business lines while divesting or spinning off their ancillary divisions.


Complete Story » ByAbba's Aces:

The last time I wrote about Kinder Morgan, Inc. (KMI) I stated, "…I will not be adding new positions in KMI because I think I can add more to KMI at a cheaper price." Since the time the article was published the stock has dropped 5.35% versus the 2.29% gain the S&P 500 (SPY) posted. Kinder Morgan owns and manages a diversified portfolio of energy transportation and storage assets, through KMP operates or owns an interested in approximately 37,000 miles of pipelines and approximately 180 terminals. Keep in mind this article is about KMI, and not Kinder Morgan the MLP (KMP).

On April 16, 2014, the company reported fourth-quarter earnings of $0.28 per share, which missed the consensus of analysts' estimates by $0.05. In the past year the company's stock is down 13.53% excluding dividends (down 9.18% including dividends), and is losing to the S&P 500, which has gained


Complete Story » By Crunching Numbers:

A frequent critic of this author expressed disappointment that I did not put out an article about an 8K filed by Sirius XM Holdings (SIRI) April 22nd. The issue raised by Seeking Alpha commenter sirifair6 was on a recent article of mine:

I am curious, if the author is so smart, why wouldn't he state an obvious fact that we just found out yesterday that sirius xm is gearing up its finances to pay a dividend. This would probably of interest to siri shareholders. I think this is the news to talk about rather than meditate what may or may not happen with the future.

Well, first I would like to thank sirifair6 for allowing the possibility that this author might be "so smart" and second, I would simply state the reason I had not written about this was quite simple. I hadn't seen it yet. So,


Complete Story »

Texas Instruments Inc. (TXN)

Q1 2014 Earnings Conference Call

April 23, 2014 5:30 a.m. ET

Executives

Kevin March – Senior Vice President and Chief Financial Officer

Ron Slaymaker – Vice President, Investor Relations

Analysts

John Pitzer - Credit Suisse.

Mark Lipacis – Jefferies & Company

Doug Freedman – RBC Capital Markets

Christopher Danely – JPMorgan Securities

Romit Shah – Nomura Securities

Ross Seymore – Deutsche Bank

Blayne Curtis – Barclays Capital

Timothy Arcuri - Cowen & Company

Jim Covello - Goldman Sachs

Vivek Arya - Banc of America Merrill Lynch

Stacy Rasgon – Sanford C. Bernstein

Eric Rasmus – Stifel Nicolaus

Presentation

Operator

Good day, and welcome to the Texas Instruments First Quarter 2014 Earnings Conference Call. At this time, I'd like to turn the conference over to Ron Slaymaker. Please go ahead, sir.

Ron Slaymaker

Good afternoon and thank you for joining our first quarter 2014 earnings conference call.


Complete Story » By Bill Maurer:

After the bell on Wednesday afternoon, technology giant Apple (AAPL) reported its fiscal second quarter results. The company absolutely destroyed estimates, on the heels of a blowout iPhone number. In addition, the company boosted the buyback, raised the dividend, and announced a stock split. Today, I'll break down the latest quarterly results from Apple.

Apple's guidance and estimates going in:

Apple provided the following guidance for fiscal Q2:

  • revenue between $42 billion and $44 billion.

  • gross margin between 37 percent and 38 percent.

  • operating expenses between $4.3 billion and $4.4 billion.

  • other income/(expense) of $200 million.

  • tax rate of 26.2 percent.

This guidance was a bit weaker than most expected, sending both revenue and EPS estimates down throughout the past few months. As of Wednesday afternoon, Yahoo! Finance estimates called for revenues of $43.53 billion and $10.18 in EPS. The following table shows a collection of analyst estimates


Complete Story »

Blackhawk Network Holdings, Inc. (HAWK)

Q1 2014 Earnings Conference Call

April 23, 2014 17:00 ET

Executives

Patrick Cronin - Vice President, Finance and Investor Relations

Bill Tauscher - Chairman and Chief Executive Officer

Talbott Roche - President

Jerry Ulrich - Chief Financial and Administrative Officer

Analysts

Ramsey El-Assal - Jefferies

Bryan Keane - Deutsche Bank

David Chu - Merrill Lynch

Mike Grondahl - Piper Jaffray

Gil Luria - Wedbush Securities

Tim Willi - Wells Fargo

Paul Condra - BMO

Presentation

Operator

Welcome to the Blackhawk Network’s First Quarter 2014 Earnings Conference Call. For those on the audio on redialing, your lines have been placed on listen-only until the question-and-answer session. This call is being recorded. If you have any objections please disconnect at this time.

I would now like to turn the call over to Mr. Patrick Cronin, Blackhawk’s VP of Finance and Investor Relations. Please go ahead.

Patrick Cronin


Complete Story » By Atlanta Equity Professional:

Pandora's (P) Q1 earnings report is due out after hours on April 24, 2014. The report is in certain circles a much-anticipated event. Pandora has a couple of times been left for dead in the last year, only to emerge ever stronger because of its music genome moat and its remarkable user loyalty. So there are a lot of investors who are interested in determining on the basis of this report whether Pandora will be any closer to GAAP profitability after this quarter.

In part the reason why some investors are confident that the Q1 report will be a vindication of the Pandora revenue growth story is because they continue to believe that the market growth opportunities for Pandora are significant. As evidence they cite the fact that at the present time Pandora represents just 8.57% of overall radio listening hours in its target markets.

(source: Pandora investor presentation)


Complete Story » By George Acs:

Barely 6 months ago I contended that the intrusion of Carl Icahn into the company spelled the end of an era at Apple (AAPL).

Even before that point Apple had already shown that it was favoring financial engineering over the kind of engineering that enabled it to create a cash reserve in excess of $150 billion.

For those who cheered when it looked, from the surface, that Carl Icahn was retreating, having been prevented by Tim Cook from sacrificing corporate ethos for even more financial engineering, cheer no more.

As opposed to the 11th ever Icahn Tweet that told the world that he had amassed a "large position" in Apple, the most recent was ( self ) - congratulatory.

With Apple's post-earnings announcement of a 7 for 1 stock split and an 8% increase in the dividend, another nail has been put into a great company that


Complete Story » By Seeking Profits:

Qualcomm (QCOM) was one of many tech companies to report earnings after the bell on Wednesday. Unlike Apple (AAPL), its earnings failed to impress Wall Street. While the company continues to be strongly profitable, revenue and guidance was unimpressive. Moreover, Qualcomm is now one of many companies currently facing US legal scrutiny over its Chinese business practices, and it faces potential action from the SEC over the Foreign Corrupt Practices Act ("FCPA"). Between disappointing results and headaches over the FCPA, it is unsurprising that Qualcomm shares were down around 4-4.5% in the after-hours session. However, this quarter does not undermine the bull thesis, and the best trade is to be long, not short, QCOM.

In the quarter, Qualcomm earned $1.31 versus estimates of $1.22 (financial and operating details available here). The EPS beat was the good news; unfortunately, other metrics were weaker. Qualcomm grew sales by 4% year


Complete Story » By Seeking Profits:

Apple (AAPL) reported quarterly earnings after the bell on Wednesday, and it was a very eventful quarter. In addition to strong operating and financial results, Apple redoubled its push to be friendlier to shareholders by promising more capital returns and a buyback. Coming into this quarter, there has been a lot of pessimism surrounding the tech giant. Growth has slowed, and many investors have worried that Apple has lost its innovative edge under CEO Tim Cook. Given its secretive nature, Apple did not launch any new products, and we will likely have to wait until the second half of the year for product launches. Still, these results make it clear Apple is in a position of strength, and the sky is not falling.

Apple simply crushed expectations in the quarter. The company earned $11.62 compared to a consensus of $10.18 (financial and operating data available here). It also generated


Complete Story »

Stryker Corporation (SYK)

Q1 2014 Earnings Conference Call

April 23, 2014 4:30 PM ET

Executives

Kevin Lobo – President and CEO

Katherine Owen – VP, Strategy and IR

William Jellison – VP and CFO

Analysts

David Lewis – Morgan Stanley

Kristen Stewart – Deutsche Bank

Bob Hopkins – BofA Merrill Lynch

Mike Weinstein – JPMorgan

Richard Newitter – Leerink Partners

Derrick Sung – Sanford Bernstein

Matthew Dodds – Citigroup

Matt Miksic – Piper Jaffray

Jason Wittes – Brean Capital

Glenn Novarro – RBC Capital Markets

Matthew Taylor – Barclays Capital

David Roman – Goldman Sachs

Larry Biegelsen – Wells Fargo

Matthew O'Brien – William Blair & Company

Joanne Wuensch – BMO Capital Markets

Dave Turkaly – JMP Securities

Bill Plovanic – Canaccord Genuity

Kristen Stewart – Deutsche Bank

Presentation

Operator

Welcome to Stryker's First Quarter 2014 Earnings Conference Call. My name is Eric and I'll be your operator for today's


Complete Story »

E*TRADE Financial Corporation (ETFC)

Q1 2014 Earnings Conference Call

April 23, 2014 5:00 PM ET

Executives

Paul T. Idzik – Chief Executive Officer

Matthew J. Audette – Executive Vice President and Chief Financial Officer

Analysts

Richard H. Repetto – Sandler O’Neill & Partners LP

Steven J. Chubak – Nomura Securities International, Inc.

Christopher Harris – Wells Fargo Securities, LLC

Alex Blostein – Goldman Sachs & Co.

Michael R. Carrier – Bank of America Merrill Lynch

Devin Ryan – JMP Securities LLC

Chris J. Allen – Evercore Partners

Presentation

Operator

Good evening, and thank you for joining E*TRADE’s First Quarter 2014 Earnings Conference Call. Joining the call today are Chief Executive Officer, Paul Idzik; and Chief Financial Officer, Matthew Audette.

Today’s call may include forward-looking statements, which reflect management’s current estimates or beliefs and are subject to risks and uncertainties that may cause actual results to differ materially. During the call,


Complete Story »

Amazon.com Inc. (AMZN) is set to report FQ1 2014 earnings after the market closes on Thursday, April 24th. Amazon is a notoriously low margin electronic and online commerce company. They sell just about anything a shopper could ever want on Amazon.com, and provide a variety of other offerings including Amazon Prime and Amazon Web Services. Amazon, like Google (GOOG) (GOOGL), has a history of heavily reinvesting profits back into the company, so EPS can often be difficult to estimate. During the holiday season, Amazon reported significantly lower EPS than the Street was looking for and failed to live up to the high revenue growth expectations. This quarter, Wall Street is looking for Amazon to increase EPS by 4c compared to FQ1 of last year, and for revenue to grow by 21% on a year over year basis. Here’s what investors are expecting on Thursday.

The information below is derived


Complete Story »

Facebook (FB)

Q1 2014 Results Earnings Conference Call

April 23, 2014, 05:00 PM ET

Executives

Deborah Crawford - Director of IR

Mark Zuckerberg - Chairman and CEO

Sheryl Sandberg - COO

David Ebersman - CFO

Analysts

Heather Bellini - Goldman Sachs

Douglas Anmuth - JPMorgan

Carlos Karjner - Sanford Bernstein

Eric Sheridan - UBS

Peter Stabler - Wells Fargo

Ben Schachter - Macquarie

Evan Wilson - Pacific Crest

Anthony DiClemente - Nomura

Mark Mahaney - RBC Capital Markets

Justin Post - Merrill Lynch

Youssef Squali - Cantor Fitzgerald

Colin Sebastian - Robert Baird

Brian Wieser - Pivotal Research

Ross Sandler - Deutsche Bank

John Blackledge - Cowen & Company

Presentation

Operator

Operator: Good afternoon. My name is Jake and I will be your conference operator today. At this time, I would like to welcome everyone to the Facebook First Quarter Earnings Conference Call. All lines have been placed on mute


Complete Story »

Allegiant Travel Company (ALGT)

Q1 2014 Earnings Call

April 23, 2014 4:30 pm ET

Executives

Maury Gallagher - Chairman & CEO

Andrew Levy - President

Scott Sheldon - CFO

Lukas Johnson - VP, Pricing & Planning

Jude Bricker - SVP, Planning

Analysts

Hunter Keay - Wolfe Research

John Godyn - Morgan Stanley

Joseph DeNardi - Stifel

Helane Becker - Cowen

Duane Pfennigwerth - Evercore

Mike Linenberg - Deutsche Bank

Dan McKenzie - Buckingham Research

David Fintzen - Barclays

Glenn Engel - Bank of America

Kevin Crissey - Skyline Research

Savi Syth - Raymond James

Presentation

Operator

Good day, ladies and gentlemen, and welcome to the Allegiant Travel Company's First Quarter 2014 Financial Results Call. We've on the call today Maury Gallagher, the company's Chief Executive Officer and Chairman; Andrew Levy, the company's President; and Scott Sheldon, the company's Chief Financial Officer. Maury Gallagher and Andrew Levy will provide us with


Complete Story »

Align Technology, Inc. (ALGN)

Q1 2014 Results Earnings Conference Call

April 23, 2014 04:30 PM ET

Executives

Shirley Stacy - VP of Corporate and Investor Communications

Tom Prescott - President and CEO

David White - Chief Financial Officer

Roger George - VP, Legal Affairs and General Counsel

Analysts

Ravi Fadah - William Blair

Jon Block - Stifel

Glen Santangelo - Credit Suisse

Robert Jones - Goldman Sachs

Steve Beuchaw - Morgan Stanley

Brandon Couillard - Jefferies

Jeff Johnson - Robert W. Baird

Chris Lewis - Roth Capital Partners

Presentation

Operator

Greetings, and welcome to the Align Technology Q1 2014 Earnings Call. At this time all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation. (Operator Instructions). As a reminder, this conference is being recorded. It is now my pleasure to turn the conference over to your host to Shirley Stacy, VP, Corporate and Investor


Complete Story »

IPC The Hospitalist Company, Inc. (IPCM)

Q1 2014 Earnings Conference Call

April 23, 2014 5:00 PM ET

Executives

Evan Pondel – Head-Investor Relations, PondelWilkinson, Inc.

Adam D. Singer – Chairman and Chief Executive Officer

R. Jeffrey Taylor – President and Chief Operating Officer

Rick Kline – Chief Financial Officer

Analysts

Ralph Giacobbe – Credit Suisse Securities LLC

Matt J. Weight – Feltl & Co.

Kevin K. Ellich – Piper Jaffray Companies

Brian Tanquilut – Jefferies LLC

Ryan S. Daniels – William Blair & Co. LLC

Darren Lehrich – Deutsche Bank Securities, Inc.

Gary P. Taylor – Citigroup Global Markets Inc.

Ryan K. Halsted – Wells Fargo Securities LLC

Presentation

Operator

Good day, ladies and gentlemen, and welcome to the IPC The Hospitalist Company First Quarter 2014 Earnings Conference Call. At this time all participants are in a listen-only mode. Later, we will conduct a question-and-answer session and instructions will


Complete Story »

Lam Research Corporation (LRCX)

F3Q2014 Earnings Conference Call

April 23, 2014 5:00 PM ET

Executives

Shanye Hudson – Senior Director, IR

Martin Anstice – President and CEO

Douglas Bettinger – EVP and CFO

Analysts

Farhan Rizvi – Credit Suisse

Douglas R. Bettinger

James Covello – Goldman Sachs Group Inc.

Krish Sankar – BofA Merrill Lynch

Harlan Sur – JPMorgan Chase

Timothy Arcuri – Cowen and Company, LLC

Weston Twigg – Pacific Crest Securities

Mahesh Sanganeria – RBC Capital Markets, LLC

Benedict Pang – Northland Capital Markets

Mehdi Hosseini – Susquehanna Financial Group

C. J. Muse – ISI Group

Edwin Mok – Needham & Company, LLC

Tom Diffely – D. A. Davidson

Presentation

Operator

Good afternoon, ladies and gentlemen. Thank you for standing by. Welcome to the Lam Research Corporation March 2014 Quarterly Results Conference Call. (Operator Instructions). At this time I would like to turn the conference over to Shanye


Complete Story »

On Assignment, Inc. (ASGN)

Q1 2014 Earnings Conference Call

April 23, 2014 4:30 PM ET

Executives

Ed Pierce – EVP and CFO

Peter Dameris – President and CEO

Rand Blazer – President, Apex

Mike McGowan – COO; President, Oxford Global Resources

Analysts

AJ Rice – UBS

Edward Caso – Wells Fargo Securities

Gary Bisbee – RBC Capital Markets

Sara Gubins – Bank of America

Paul Ginocchio – Deutsche Bank

Tobey Sommer – SunTrust

Stephen Sheldon – William Blair

Henry Chan – BMO Capital Markets

Randle Reece – Avondale Partners

Mark Marcon – Robert W Baird

Presentation

Operator

Ladies and gentlemen, thank you for standing by. And welcome to the On Assignment Q1 2014 Earnings Conference Call. At this time, all participants are in listen-only mode. Later, we will conduct question-and-answer session and instructions will be given at that time. (Operator Instructions). Also, as a reminder, today’s teleconference is being recorded.


Complete Story »

Biogen Idec, Inc. (BIIB)

Q1 2014 Results Earnings Conference Call

April 23, 2014 8:00 am ET

Executives

Claudine Prowse – Vice President Investor Relations

George A. Scangos, Ph. D. – Chief Executive Officer & Director

Tony Kingsley – Executive Vice President Global Commercial Operations

Douglas E. Williams, Ph. D. – Executive Vice President Research & Development

Paul J. Clancy – Chief Financial Officer & Executive Vice President Finance

Analyst

Ravi Mehrotra – Credit Suisse

Michael Yee – RBC Capital Markets

Mark Schoenebaum – ISI Group

Eric Schmidt – Cowen & Company

Geoff Porges – Sanford C. Bernstein

Matt Roden – UBS

Geoff Meacham – JP Morgan

Terence Flynn – Goldman Sachs

Matthew Harrison – Morgan Stanley

Yaron Weber – Citi

Brian Abrahams – Well Fargo

Robyn Karnauskas – Deutsche Bank

Ying Huang – Barclays Capital

Presentation

Operator

At this time I would like to welcome everyone to the Biogen Idec


Complete Story »

LPL Financial Holdings, Inc. (LPLA)

Q1 2014 Earnings Conference Call

April 23, 2014 5:00 PM ET

Executives

Trap Kloman - Head of IR

Mark Casady - Chairman and CEO

Dan Arnold - CFO

Analysts

Chris Shutler - William Blair

Bill Katz - Citigroup

Joel Jeffrey - Keefe, Bruyette & Woods

Ken Worthington of JPMorgan

Alex Kramm - UBS

Presentation

Operator

Good day, ladies and gentlemen, and welcome to the LPL Financial Holdings’ First Quarter Earnings Conference Call. At this time, all participants are in listen-only mode. Later, we will conduct a question-and-answer session, and instructions will follow at that time. (Operator instructions) As a reminder, this call is being recorded.

I would now like to introduce to today’s conference, Trap Kloman. You may begin.

Trap Kloman

Thank you, Nicole. Good morning and welcome to the LPL Financial first quarter earnings conference call. On the call today is Mark Casady, our


Complete Story »

The Spectranetics Corporation (SPNC)

Q1 2014 Earnings Conference Call

April 23, 2014 4:30 PM ET

Executives

Lynn Pieper – IR

Scott Drake – CEO

Guy Childs – CFO

Shahriar Matin – COO

Analysts

Brooks West – Piper Jaffray

Chris Pasquale – JPMorgan

Rick Wise – Stifel Nicolaus

Jeff Chu – Canaccord Genuity

Mike Matson – Needham & Company

Charles Haff – Craig-Hallum

Shagun Singh – CRT Capital

Presentation

Operator

Good day, ladies and gentlemen, and welcome to the Spectranetics Corporation 2014 First Quarter Financial Results Conference Call. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session and instructions will be given at that time. (Operator Instructions) As a reminder, today’s program is being recorded.

I would now like to introduce your host for today’s program, Lynn Pieper. Please go ahead.

Lynn Pieper

Thank you, Jonathan. This is Lynn Pieper with Westwicke Partners.


Complete Story »

Ethan Allen Interiors Inc. (ETH)

F3Q 2014 Earnings Conference Call

April 23, 2014 11:00 ET

Executives

Corey Whitely - Executive Vice President, Administration and Interim Chief Financial Officer

John Bedford - Vice President, Corporate Controller

Farooq Kathwari - Chairman and Chief Executive Officer

Analysts

Bobby Griffin - Raymond James

Brad Thomas - KeyBanc Capital Markets

Jeremy Hamblin - Dougherty & Company

Todd Schwartzman - Sidoti & Company

Dillard Watt - Stifel

Cristina Fernandez - Telsey Advisory Group

Presentation

Operator

Good day, ladies and gentlemen and welcome to the Ethan Allen Third Quarter Earnings Release Call. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session and with instructions following at that time.

Now, I will turn the conference over to your host, Corey Whitely, Executive Vice President, Administration and Interim Chief Financial Officer.

Corey Whitely

Thank you, Jonathan and good morning everyone. Welcome


Complete Story »

QUALCOMM, Inc. (QCOM)

F2Q 2014 Earnings Conference Call

April 23, 2014 04:45 pm ET

Executives

Warren Kneeshaw - Investor Relations

Steve Mollenkopf - Chief Executive Officer, Director

George Davis - Chief Financial Officer, Executive Vice President

Derek Aberle - President

Don Rosenberg - Executive Vice President, General Counsel, Corporate Secretary

Analysts

Simona Jankowski - Goldman Sachs

Tavis McCourt - Raymond James

Mike Walkley - Canaccord Genuity

Brian Modoff - Deutsche Bank

Tim Long - BMO Capital Markets

Timothy Arcuri - Cowen and Company

Ehud Gelblum - Citigroup

Stacy Rasgon - Sanford Bernstein

Tal Liani - Bank of America

Blayne Curtis - Barclays

Mark McKechnie - Evercore

Presentation

Operator

Ladies and gentlemen, thank you for standing by. Welcome to the QUALCOMM Second Quarter Fiscal Year 2014 Conference Call. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session. (Operator Instructions) As a reminder, this


Complete Story »
Updated: 6 hours 12 min ago

Ford Motor: Worth $36 Per Share?

27 Mar ’14

Ford Motor (F) should be steaming ahead. Encouraging news from the difficult European car market and an improving market share position in the promising Chinese auto market should have actually lifted the stock price of Ford Motor over the last month. Specifically, Ford Motor outpaced European industry sales growth of 8% by 360 bps based on February sales numbers released in March -- a strong signal to the market and competitors that Ford is pursuing an aggressive strategy and is determined to increase its European market share -- which, by now, is about half compared to its market share in the United States (7.8% in Europe vs. 15.7% in the US).

Despite good sales figures from its European business, Ford Motor's share price has not accurately reflected the crucial progress Ford has been making in penetrating key growth markets. Shares are trading weakly for some time now and

FedEx: Another Victim To Bad Weather

27 Mar ’14

Logistics expert FedEx Corporation (FDX) reported its third quarter yesterday which to some came as a bad news since the company missed expectations. The stock price is down 3.75% year to date. The reason behind the decline was the severe winter weather in the US that of all the sectors impacted transportation more than anywhere else.

However, despite temporary volatile results FedEx still remains a good company. In this article, we will go through the company's reported performance. We will then have a look at what makes FedEx a good choice to be considered in your portfolio.

The Quarter

Yesterday's reported results included a revenue increase of 3% to $11.3 billion compared to last year's results. Express remained relatively flat as lower freight revenue, fuel surcharges, and the impact from weather offset domestic package volume and revenue per package that slightly increased. Ground deliveries remained strong with average

Adding Yield To Your Portfolio With Offshore Drillers

27 Mar ’14

With the market approaching all-time highs again, it's difficult to identify stocks that are undervalued with growth potential. As the market is peaking, I'm looking for areas to enter that have downside protection, pay a healthy dividend and have solid growth potential. Offshore drillers meet all these criteria. Some companies and analyst warned of possible decreasing dayrates for rigs and a weakening market as companies limit capital expenditure and as a result offshore drilling stocks have taken a beating over the past few months. However, this weakness has created a buying opportunity as fundamentals and long-term business remains strong. In particular, I like Noble Corp. (NE), Ensco (ESV) and Seadrill (SDRL) at current prices. These three stocks are near 52 week lows, pay strong dividends and have a large backlog of secured contracts.

Company

Market Cap.

P/E

Dividend Yield

Backlog ($ billion)

Noble Corp.

$ 7.9

10.3

4.7%

$ 15.4

3 Housing Stocks Ready To Run On Pending Sales

27 Mar ’14

Pending home sales for the month of February are released at 10am eastern with expectations for an increase of 1% off of January's report. Housing has been weak for several months on temporary weather issues but also on larger macro-economic issues. The report could breathe new life into the housing-related group of stocks and investors may want to take advantage of the recent weakness in stock prices.

Housing recovery slows but with room to grow

The housing bubble led us into one of the deepest recessions in 80 years so it was fitting that the sector should help drive the recovery. It looked like this was the case when housing starts and sales bottomed in 2010. Housing activity jumped by double-digits for years and helped bring employment and the economy from the brink.

The story has changed since last year. Existing home sales have collapsed since last summer, declining

Schlumberger: A Unique Opportunity For You To Get 12-14% Annual Returns

27 Mar ’14

When looking for a good investment, one technique that can lead to outperformance is finding a company that temporarily has understated earnings due to one-time impairments. A lot of times, the earnings "will lie" and create a widening gap between the company's reported earnings per share and the economic reality of the cash flow that backs it. Oil-field service company Schlumberger (SLB) is one such example.

Because the energy company had to report write-offs on its Brazilian operations, there is a gap between the company's reported earnings and the cash flow that serves as a better measure of Schlumberger's earnings power. In 2013, Schlumberger posted cash flow per share figures of $7.60 per share. But because of write-downs at the Brazilian wells, Schlumberger only reported earnings of $4.67 over the course of 2013.

The appeal of Schlumberger, then, is that it is a company that (1) has understated profits, and

Should You Bet On United States Steel's Turnaround?

27 Mar ’14

Steelmaker United States Steel (X) has had a torrid time as far as its financial performance is concerned. Still, the company's shares are up 40% in the last one year, outperforming peer Nucor (NUE) by a wide margin. But in 2014, investors' hopes of a turnaround at U.S. Steel came down crashing after the company's disastrous fourth-quarter results. But is there a turnaround in sight?

Increasing losses and weak demand

U.S. Steel's net loss widened in the last quarter as it grew to $122 million from $50 million in the year-ago quarter. This was despite an increase in steel prices in the U.S. in 2013. So, while investors were expecting a positive performance, their hopes were shattered as U.S. Steel plunged downwards.

In addition, U.S. Steel's revenue declined year over year to $4.27 billion from last year's $4.49 billion. In comparison, peer Nucor saw a 10% rise in

IPO Preview: Square 1 Financial

27 Mar ’14

Based in Durham, NC, Square 1 Financial (SQBK) scheduled a $94 million IPO with a market capitalization of $435 million at a price range midpoint of $16 on the Nasdaq for Thursday, March 27, 2014.

The full IPO calendar is available at IPOpremium.

SEC Documents
Manager, Joint managers: Sandler O'Neill, Keefe Bruyette Woods
Co-Managers: None

End of lockup (180 days): Tuesday, September 23, 2014

End of 40-day quiet period: Tuesday, May 6, 2014

Summary
SQBK is a bank that focuses on the "venture banking market' focusing on firms financed by venture firms and by private equity firms.

Compared to the parent of Silicon Valley Bank, SVB Financial Group (SIVB), SQBK is priced at a discount.

Part of the discount may be that SQBK is based in Durham, North Carolina.

Valuation
Glossary

Valuation Ratios

Mrkt

Price /

Price /

Price /

Price /

% offered

 

Cap (MM)

Net Int

Frontier Communications Is Nothing Without Its Dividend, Here's Why

27 Mar ’14

Telecom services provider Frontier Communications (FTR) is seeing good traction in broadband services. Driven by this segment, Frontier has been able to turn in a steady bottom line performance of late despite revenue declines. But until and unless the company manages to return to revenue growth and delivers substantial earnings growth, there might not be much sense in holding it.

Let's face it; investors buy Frontier for its juicy dividend yield of 7%. However, the company has a checkered dividend history wherein it has cut its dividend two times in the last four years. So the question is, are there enough catalysts to invest in Frontier apart from its dividend? Let's see.

Frontier's growth plans

Frontier's revenue declined 4.2% in the previous quarter, failing to meet analysts' expectations. Frontier needs to fix this going forward if it is to keep its juicy dividend yield in place. The company is

A Closer Look At Magellan Midstream Partners' Distributable Cash Flow As Of Q4 2013

27 Mar ’14

This article supplements, and should be read in conjunction with, my preliminary review of 4Q13 results reported by Magellan Midstream Partners, L.P. (MMP). It evaluates the sustainability of MMP's Distributable Cash Flow ("DCF") and assesses whether MMP is financing its distributions via issuance of new units or debt. MMP's definition of DCF is presented in an article titled "Distributable Cash Flow". The article also provides definitions used by other master limited partnerships ("MLPs").

MMP's reported DCF for 2013 was $670 million ($2.95 per unit), up $30 million from management's guidance for 2013 and up from $540 million ($2.38 per unit) in 2012. Growth in DCF per unit has exceeded growth in distributions, as shown in Table 1 below:

(click to enlarge) Table 1: Figures in $ Millions (except per unit amounts and % change) . Source: company 10-K, 10-Q and 8-K filings, author estimates

However, reported DCF

IPO Preview: Applied Genetic Technologies

27 Mar ’14

Based in Alachua, FL, Applied Genetic Technologies (AGTC) scheduled a $50 million IPO on the Nasdaq with a market capitalization of $179 million at a price range midpoint of $14 for Thursday, March 27, 2014.

The full IPO calendar is available at IPOpremium.

SEC Documents
Manager, Joint managers: BMO Capital Markets and Wedbush PacGrow
Co-Managers: Cantor Fitzgerald, Roth Capital

End of lockup (180 days): Tuesday, September 23, 2014

End of 25-day quiet period: Monday, April 21, 2014

Summary
AGTC is a pre-clinical-stage biotechnology company that uses its proprietary gene therapy platform to develop products for patients with severe inherited orphan diseases in ophthalmology.

Shareholders have indicated an interest in purchasing up to $10 million on the IPO.

Valuation
Glossary

Valuation Ratios

Mrkt

Price /

Price /

Price /

Price /

% offered

Annualizng Dec 6 mos

Cap (MM)

Sls

Erngs

BkVlue

TanBV

in IPO

Applied Genetic Technologies

$179

Enbridge: Liquids Powered Growth

27 Mar ’14

Overview:

Enbridge (ENB) is the owner operator of arguably the world's longest liquids pipeline network. This breaks down into a liquids pipelines business from Western Canada to the Gulf Coast along with gas distribution division serving customers in Ontario, Quebec, and northern New York State.

The majority of the earnings in liquids segment come from the Enbridge Canadian Mainline, with capacity of 2.5 million bpd, stretching from Edmonton to Chicago. The Southern Lights pipeline ships condensate from Chicago to Edmonton. While the Spearhead system delivers liquids from Chicago to Cushing and the Seaway pipe transports crude from Cushing to the Houston refineries.

Gas pipelines, processing, and energy services segment includes gas transportation systems running along the mainline, in Texas, and offshore in the Gulf Coast. These gas gathering and transportation networks are complemented by gas plants for processing near Fort St. John, the Bakken, and the Aux Sable plant for

Imperial Holdings: 4 Different Insiders Have Purchased Shares This Month

27 Mar ’14

Imperial Holdings (IFT) operates as a specialty finance company in the United States.

(click to enlarge)

Insider buying during the last 30 days

Here is a table of Imperial Holdings' insider activity during the last 30 days.

Name Title Trade Date Shares Purchased Rule 10b5-1 Current Ownership Increase In Shares Richard Dayan Director March 24 5,000 No 20,381 shares +32.5% James Chadwick Director March 20 1,800 No 5,181 shares +53.2% Antony Mitchell CEO March 13 35,000 No 719,334 shares +5.1% Gerald Hellerman Director March 13 5,000 No 30,809 shares +19.4%

There have been 46,800 shares purchased by insiders during the last 30 days.

Insider buying by calendar month

Here is a table of Imperial Holdings' insider activity by calendar month.

Month Insider buying / shares Insider selling / shares March 2014 46,800 0 February 2014 0 0 January 2014 0 0 December 2013 0 0 November 2013 0

Bank Of America: Investors Win Big; Is It Enough?

27 Mar ’14

The long awaited CCAR results are in, and Bank of America (BAC) has just announced that it will be increasing the company's dividend to $0.05 per share (from $0.01) as well as authorizing a new stock repurchase program of $4 billion.

While the dividend may be on target with most estimates, we'll have to wait and see how the market reacts to the lower than expected buyback program. Last year, Bank of America was allowed to buyback $5 billion in preferred shares and $5 billion of common compared to this years $4 billion repurchase plan. But management hinted that the $5 billion preferred shares were allowed only because it made "business sense" and would significantly lower the amount of money being paid as dividends on those shares. This was covered in several Q&A sessions, but I have seen so many different estimates incorporating the $5 billion spent on the

Charles & Colvard's CEO Discusses Q4 2013 Results - Earnings Call Transcript

27 Mar ’14

Charles & Colvard Ltd. (CTHR)

Q4 2013 Results Earnings Conference Call

March 26, 2014 4:30 PM ET

Executives

Randy McCullough - President and CEO

Steve Larkin - Chief Operating Officer

Kyle Macemore - Chief Financial Officer

Analysts

Gerard Levin - Morgan Stanley Smith Barney

Lenny Brecken - Brecken Capital

Abba Horwitz - Old School Fund

Marc Robins - Catalyst Research

Presentation

Operator

Hello, and welcome to the Charles & Colvard, Ltd. Fourth Quarter 2013 and Fiscal Year Results Conference Call. (Operator Instructions) After today’s presentation, there will be an opportunity to ask questions.

The company's management may make forward-looking statements both during the call and in the following question-and-answer session. These forward-looking statements are not guarantees of future performance, and are subject to risks and uncertainties as well as other factors that could cause the actual results to differ materially from what they discuss here. These risks and uncertainties are

The Fed Loves To Hate Citi

27 Mar ’14

On Wednesday, the Federal Reserve released its annual Comprehensive Capital Analysis and Review ("CCAR"). This is the second part of the annual stress test where the Federal Reserve either approves or rejects major banks' capital plans (the full report is available here). This year, 30 banks were required to submit plans for approval, and 25 passed while 5 failed. Most notably and surprisingly, Citigroup (C) was one of the institutions whose plans was rejected. Even though this is the second time in three years Citi has failed, the market appears shocked, as shares dropped nearly 6% in after-hours trading. Over the past three years, Citi has been systematically cutting risky assets at its Citi Holdings unit and bolstering its capital position. Some analysts expected Citi to hikes its dividend by 400%. When the first part of the test was released last week, Citi was comfortably above the

4 Reasons Why Nucor Is A Solid Buy Right Now

27 Mar ’14

Steelmaker Nucor (NUE) is one of the best investments that investors could make in the steel industry. Nucor was able to maintain its profitability in a sluggish steel market, and now, it looks like its fortunes are gradually picking up. Moreover, with Nucor shares seeing some weakness this year, this could be an ideal time to initiate a position in the company.

Nucor has been performing well despite a challenging market and several plant downtimes. Even after such headwinds, Nucor's revenue in the last-reported fourth quarter rose 10% to $4.89 billion. In addition, net income also increased to $170.5 million from $136.9 million in the year ago period. So, right off the bat, it seems that Nucor's cost-cutting strategies and operational efficiencies are delivering results. Going forward, there are a slew of factors that should propel Nucor's growth, making it a good long-term buy.

Catalysts to watch

Nucor has

Document Security Systems' CEO Discusses Q4 2013 Results - Earnings Call Transcript

27 Mar ’14

Document Security Systems, Inc. (DSS)

Q4 2013 Earnings Conference Call

March 26, 2014 04:30 PM ET

Executives

Peter Salkowski - IR

Jeff Ronaldi - CEO

Phil Jones - CFO

Analyst

Mark Argento - Lake Street Capital Markets

Bob Wasserman - Dawson James

Presentation

Operator

Greetings, and welcome to the Document Security Systems’ 2013 Fourth Quarter and Year End Financial Results Conference Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. (Operator Instructions) As a reminder, this conference is being recorded.

I would like to now turn conference over to your host Peter Salkowski, Investor Relations for DDS. Thank you. You may now begin.

Peter Salkowski

Good afternoon. And I’d like thank everyone for joining us today for the Document Security Systems’ fourth quarter and full year 2013 earnings conference call. Joining me on today’s call are CEO Jeff Ronaldi and

Cancer Genetics' CEO Discusses Q4 2013 Results - Earnings Call Transcript

27 Mar ’14

Cancer Genetics, Inc. (CGIX)

Q4 2013 Results Earnings Conference Call

March 26, 2014 04:30 PM ET

Executives

Panna Sharma - President and Chief Executive Officer

Elizabeth Czerepak - Chief Financial Officer

Edward Sitar - Incoming CFO and Treasurer

Analysts

Ram Selvaraju - Aegis Capital

Ben Haynor - Feltl and Company

Brooks O'Neil - Dougherty & Company

Presentation

Operator

Greetings and welcome to the Cancer Genetics’ Fourth Quarter and Full Year 2013 Earnings Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. (Operator Instructions). As a reminder, this conference is being recorded.

I would now like to turn the conference over to Mr. [Michael Wood] Managing Director at [LifeSci Advisors]. Thank you Mr. Wood, you may begin.

Unidentified Company Representative

Hello. And thank you for joining us for Cancer Genetics fourth quarter and full year 2013 financial results conference call. On

GSE Systems' CEO Discusses Q4 2013 Results - Earnings Call Transcript

27 Mar ’14

GSE Systems, Inc (GVP)

Q4 2014 Results Earnings Conference Call

March 26, 2014, 04:30 PM ET

Executives

Devin Sullivan – SVP of Equity Group

Jim Eberle – CEO

Jeff Hough – SVP and CFO

Larry Gordon – SVP and General Counsel

Analysts

Dan Herbert - Delta Partners

Presentation

Operator

Greetings, and welcome to the GSE Systems Reports Fourth Quarter 2013 and Year End Financial Results. At this time, all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation. (Operator Instruction) As a reminder, this conference is being recorded.

It is now my pleasure to turn the conference over to your host, Devin Sullivan, Senior Vice President of the Equity Group. Thank you. You may begin.

Devin Sullivan

Thank you. Good afternoon everyone. Thank you for joining us today.

Before we begin, I’d like to remind everyone that statements made during the course of this

The Only 20 Companies That Matter

27 Mar ’14

Stop me if you've heard this before:

The market is dangerous because corporate profit margins are at record levels. When they inevitably contract, the market will appear too expensive and justify a crash, bear market, or most devious of all, a secular range-bound market.

This was an argument that I first heard from the great and powerful Jeremy Grantham. The basic idea emerged a few years ago, and as the thesis has circulated and changed forms, the underlying condition has only grown more extreme.

FRED even features CP/GDP as one of their built-in transformations now.

The data is incontrovertible, of course. U.S. margins are huge right now and corporate profits as a percentage of GDP are at the widest level they've ever been.

I continue to believe that if you're in the bear camp, this remains one of the better pillars around which to build your investment case. At some