LONDON, UK / ACCESSWIRE / August 29, 2016 / Active Wall St. announces its post-earnings coverage on Best Buy Co., Inc. (NYSE: BBY). The company announced its second quarter fiscal 2017 (Q2 FY17) earnings on August 23rd, 2016. The Richfield, Minnesota-based company reported a 0.8% y-o-y growth in its comparable store sales and 23.7% y-o-y growth in its comparable online sales. Register with us now for your free membership at: http://www.activewallst.com/register/.

Today, AWS is promoting its earnings coverage on BBY. Get our free coverage by signing up to http://www.activewallst.com/registration-3/?symbol=BBY.

Earnings Review

During the reported quarter, Best Buy reported relatively flat revenue of $8.53 billion compared to prior-year period. However, it outperformed the market expectation of $8.39 billion. The company’s non-GAAP diluted EPS from continuing operations improved 16% y-o-y to $0.57 in Q2 FY17 from $0.49 in the corresponding period of fiscal 2016. Additionally, its GAAP diluted earnings from continuing operations also improved 22% y-o-y to $0.56 per share, from $0.46 per share, in the year ago period.

“Our teams delivered a strong second quarter, with better-than-expected revenue and profitability in both our Domestic and International businesses,” said Best Buy Chairman and CEO Hubert Joly.

Market-Wise

Best Buy’s Domestic revenue registered a nominal growth of 0.1% on y-o-y basis to $7.89 billion versus last year, primarily driven by comparable sales growth of 0.8% which was partially offset by the loss of revenue from 12 large format and 22 Best Buy Mobile store closures.

Additionally, the company’s International revenue declined 1.0% y-o-y to $644 million in the reported quarter driven by a negative foreign currency impact of approximately 510 basis points. However, on constant currency basis, International revenue grew 4.1% on y-o-y basis driven by growth in both Canada and Mexico.

For Q2 FY17, the consumer electronics retailer’s Domestic gross profit rate was down to 24.0% from 24.7% in the year ago quarter. Meanwhile, its International segment’s gross profit rate improved to 25.9% in the reported quarter from 23.4% last year. For three months ended on July 30, 2016, Best Buy’s Domestic SG&A expenses were $1.61 billion, or 20.4% of revenue, versus $1.64 billion, or 20.8% of revenue, in the corresponding last year period. Moreover, the company’s International SG&A expenses came in at $165 million, or 25.6% of revenue, compared to $175 million, or 26.9% of revenue, in the year ago quarter.

As of the quarter ended on July 30, 2016, Best Buy had cash and cash equivalents of $1.86 billion compared to $1.80 billion on August 01, 2015. Furthermore, the company had long-term debt of $1.34 billion from $1.22 billion as of August 1, 2015.

Share Repurchases and Dividends

In-line with the announcement made on February 25, 2016, for the intent to repurchase $1 billion of its shares over a two-year period, Best Buy bought 7.1 million shares for a total of $219 million during the reported quarter. The company has repurchased 10.3 million shares for a total of $316 million till date in fiscal year 2017.

On July 5, 2016, Best Buy paid a quarterly dividend of $0.28 per common share outstanding, or $90 million. The company also informed that it has paid $325 million till date in from of regular and special dividends during the current fiscal year.

Earnings Outlook

For the upcoming quarter, the company expects Enterprise revenue to gown 1% y-o-y and to be in the range of $8.8 billion to $8.9 billion. The company’s management anticipates Enterprise and Domestic comparable sales to tickle up by 1% y-o-y. Best Buy is also forecasting non-GAAP diluted EPS to be in the range of $0.43 to $0.47.

Stock Performance

Best Buy’s shares closed marginally lower by 0.08%, to end the trading session at $39.48 on August 26, 2016. The stock recorded a total volume of 5.51 million shares. In the last one month and the previous three months, the company’s share price has gained 18.36% and 24.42%, respectively. Moreover, since the start of the year, shares of Best Buy have advanced 33.79%. Currently, the stock traded at a P/E ratio of 13.07.

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Active Wall Street (AWS) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. AWS has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

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CONTACT
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LONDON, UK / ACCESSWIRE / August 29, 2016 / Active Wall St. announces the list of stocks for today’s research reports. Pre-market the Active Wall St. team provides the technical coverage impacting selected stocks trading on the Toronto Exchange and belonging under the Metals & Mining industry. Companies recently under review include Nemaska Lithium, Gabriel Resources, Avalon Advanced Materials, and NioCorp Developments. Get all of our free research reports by signing up at: http://www.activewallst.com/register/.

 At the close of Friday, August 26, 2016, trading session, the Toronto Exchange Composite Index was marginally higher by 0.06%, ending the day at 14,639.88 with a total volume of 311,158,018 shares.

Active Wall St. has initiated research reports on the following equities: Nemaska Lithium Inc. (TSX: NMX), Gabriel Resources Ltd. (TSX: GBU), Avalon Advanced Materials Inc. (TSX: AVL), and NioCorp Developments Ltd. (TSX: NB). Register with us now for your free membership and research reports at: http://www.activewallst.com/register/. 

Nemaska Lithium Inc. (TSX: NMX)

Quebec, Canada headquartered Nemaska Lithium Inc.’s stock advanced 1.85%, to close the day at $1.10. The stock recorded a trading volume of 551,719 shares. Shares of Nemaska Lithium, which engages in the exploration and development of hard rock lithium mining properties and related processing of spodumene into lithium compounds in Canada, have advanced 2.80% in the last one month. The company’s shares are trading below their 50-day and 200-day moving averages. Moreover, the stock’s 200-day moving average of $1.14 is greater than its 50-day moving average of 1.13. See our research report on NMX.TO at: http://www.activewallst.com/registration-3/?symbol=NMX.

Gabriel Resources Ltd. (TSX: GBU)

On Friday, shares in Whitehorse, Canada based Gabriel Resources Ltd. ended the session 1.56% higher at $0.65 with a total volume of 138,262 shares traded. Shares of Gabriel Resources, which through its subsidiary, Rosia Montana Gold Corporation S.A., engages in the exploration and development of precious metal mineral properties in Romania, have surged 170.83% in the previous three months and 66.67% in the past one year. The stock is trading above its 200-day moving average. The company’s 50-day moving average of $0.66 is greater than its 200-day moving average of $0.37. The complimentary research report on GBU.TO at: http://www.activewallst.com/registration-3/?symbol=GBU.

Avalon Advanced Materials Inc. (TSX: AVL)

On Friday, shares in Toronto, Canada headquartered Avalon Advanced Materials Inc. recorded a trading volume of 52,500 shares. The stock ended the day 2.56% higher at $0.20. Shares of Avalon Advanced Materials, which explores and develops rare metals and minerals primarily in Canada, have gained 25.00% in the past one year. The Company is trading below its 50-day and 200-day moving averages. The stock’s 50-day moving average of $0.22 is above its 200-day moving average of $0.21. Register for free and access the latest research report on AVL.TO at: http://www.activewallst.com/registration-3/?symbol=AVL.

NioCorp Developments Ltd. (TSX: NB)

Centennial, Colorado headquartered NioCorp Developments Ltd.’s stock finished Friday’s session 5.43% lower at $0.87 with a total volume of 79,000 shares traded. Over the past three months and the previous one year, shares of NioCorp Developments, which operates as a mineral exploration and development company in North America, have advanced 4.82% and 17.57%, respectively. The Company’s shares are trading below its 50-day and 200-day moving averages. NioCorp Developments’ 50-day moving average of $0.94 is above its 200-day moving average of $0.90. Get free access to your research report on NB.TO at: http://www.activewallst.com/registration-3/?symbol=NB.

Active Wall Street:

Active Wall Street (AWS) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. AWS has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

AWS has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the “Author”) and is fact checked and reviewed by a third party research service company (the “Reviewer”) represented by a credentialed financial analyst, for further information on analyst credentials, please email info@activewallst.com. Rohit Tuli, a CFA® charterholder (the “Sponsor”), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by AWS. AWS is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

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AWS, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. AWS, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, AWS, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither AWS nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://www.activewallst.com/disclaimer/.

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For any questions, inquiries, or comments reach out to us directly. If you’re a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:
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LONDON, UK / ACCESSWIRE / August 29, 2016 / Active Wall St. blog coverage looks at the headline from Apollo Global Management LLC. (NYSE: APO) as the company announced its acquisition of cloud services company Rackspace Hosting Inc. (NYSE: RAX) for $ 4.3 billion on August 26, 2016. Register with us now for your free membership and blog access at: http://www.activewallst.com/register/.

Today, AWS is promoting its blog coverage on APO and RAX; touching on stocks like Nike Inc. (NYSE: NKE) and Outerwall Inc. (NASDAQ: OUTR). Get all of our free blog coverage and more by clicking on the link below:

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Apollo Global is an alternative investment manager in private equity, credit and real estate and the company has total asset under management (AUM) of approximately $170 billion, including approximately $40 billion in private equity, over $120 billion in credit and approximately $10 billion in real estate.

San Antonio, Texas based Rackspace was founded in 1998 with its core business in the managed cloud segment. Rackspace offers private, public and hybrid clouds in approximately 10 data centres located in four continents. Its cloud services are available in Microsoft Azure and Amazon Web Services data centres, as well as in customer-owned data centres.

The Deal

As per the terms of agreement, Apollo Global will pay $32 per share in cash to shareholders of Rackspace. The deal is valued at $ 4.3 billion, which includes the assumption of $43 million of net cash and is expected to close by the end of FY 2016. Once the deal is final Rackspace will become a privately owned entity. The Board of Directors of Rackspace has already approved the deal and is waiting for shareholders and regulatory approval. Apart from Apollo Global, Searchlight Capital Partners will also make a strategic investment in the new entity through funds managed by it. After becoming a private company, Rackspace will continue to operate under its name and maintain its headquarters at San Antonio. There will be no changes to management team and Taylor Rhodes will continue as CEO.

In a press release, Graham Weston, co-founder and chairman of the board of Rackspace said:

“We are also excited that this transaction will provide Rackspace with more flexibility to manage the business for long-term growth and enhance our product offerings. We are confident that as a private company, Rackspace will be best positioned to capitalize on our early leadership of the fast-growing managed cloud services industry.”

David Sambur, Partner at Apollo Global said:

“We are tremendously excited about the opportunity for our managed funds to acquire Rackspace. We have great respect for the company’s talented employees and their commitment to deliver expertise and exceptional service for the world’s leading cloud platforms.”

Benefits for Rackspace

As the cloud market becomes more and more competitive Rackspace needs to evolve and enhance its product offerings. According to Rackspace, Apollo Global is an ideal partner and understands Rackspace potential and values its business approach and culture. The deal gives flexibility to Rackspace, allowing it to aggressively ramp up its capabilities and resources in order to exploit market opportunities. With the resources of Apollo Global, Rackspace will be better placed to offer competitive compensation and benefits enabling it to retain its workforce and have a robust working culture.

Apollo Global has been making strategic investments in various sectors and has been looking to get a slice of the growing cloud computing space. This acquisition is a great opportunity in the technology sector. On August 18, 2016, Apollo Global announced that its affiliates have entered into a strategic partnership with Nike Inc. regarding the apparel supply chain in the Americas. This innovative strategic partnership will increase regional manufacturing capabilities, enable quicker delivery of more customized product to consumers and drive investment in sustainability. In July 2016 Apollo Global announced acquisition of Outerwall Inc., the owner of Redbox brand which is in the gaming and movie rentals through kiosks.

Market reaction

Following the announcement of the agreement, Rackspace shares surged 4.34% at $31.50 per share at the close on August 26, 2016, with a total volume of 38.58 million shares being traded for the day, higher than the 3 month average volume of 2.07 million shares. Rackspace shares have advanced 35.60% in the past one month and 24.41% on YTD basis.

Apollo Global’s shares declined marginally by 0.05% closing the trading session at $ 18.46, with a volume of 623,800 shares being traded for the day. Apollo Global’s shares have gained 10.72% in the past one month and have added 28.53% since the beginning of the year.

Active Wall Street:

Active Wall Street (AWS) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. AWS has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

AWS has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the “Author”) and is fact checked and reviewed by a third party research service company (the “Reviewer”) represented by a credentialed financial analyst, for further information on analyst credentials, please email info@activewallst.com. Rohit Tuli, a CFA® charterholder (the “Sponsor”), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by AWS. AWS is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

AWS, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. AWS, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, AWS, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither AWS nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://www.activewallst.com/disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you’re a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

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Office Address: 3rd floor, 207 Regent Street, London, W1B 3HH, United Kingdom

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LONDON, UK / ACCESSWIRE / August 29, 2016 / Active Wall St. announces its post-earnings coverage on HP Inc. (NYSE: HPQ). The company released its third quarter fiscal 2016 earnings results on August 24th, 2016. The personal computer maker’s overall revenue and income topped Wall Street’s expectations driven by strong performance by Personal System. Register with us now for your free membership at: http://www.activewallst.com/register/.

Today, AWS is promoting its earnings coverage on HPQ; touching on and Hewlett-Packard Enterprise Co. (NYSE: HPE). Get our free coverage by signing up to:

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Earnings Review

For the three months ended July 31, 2016, HP’s earnings declined 8% to $783 million, or $0.45 per share, from earnings of $854 million, or $0.47 per share, in the year ago period. On an adjusted basis, HP reported adjusted net income of $826 million, or $0.48per share, compared to $646 million, or $0.35 per share reported a year, topping analysts’ forecast of $0.45 per share. In June 2016, the company has forecasted adjusted earnings between $0.43 and $0.46 per share. HP’s total revenue dropped 3.8% on y-o-y basis to $11.89 billion primarily due to a decline at the Printer segment, but still beat estimates of $11.5 billion.

“In Q3, we delivered on our financial commitments and continued to make solid progress in executing against our core, growth and future strategic framework,” said chief executive Dion Weisler.

The Printers and PC Story

In November 2015, Hewlett-Packard Co. split into two standalone companies, HP Inc. and Hewlett-Packard Enterprise Co. Post-split, its PC and printer business has been operating as HP Inc., while Hewlett-Packard specializes in commercial tech products.

The Palo Alto, California headquartered company said its personal-systems revenue grew marginally after five quarters of decline. The segment generated revenues of $7.51 billion, compared with $7.50 billion reported in Q3 FY15. The company noted that Commercial revenues fell 3%, while Consumer revenues climbed 8% in its personal- systems segment. HP reported a 4% rise in total shipment, attributed to a 12% increase in its Notebook unit shipment, which was partially offset by a 6% drop in Desktops unit shipment.

HP, the second largest PC maker in the world behind Lenovo, has long been impacted by declining sales in the PC business due to consumer preference for smartphones. However, July 2016 report from International Data Corp. estimated that HP’s quarterly PC shipments rose 5.1% over a year ago, indicating that HP has been able to stem the fall even as the overall PC market tumbled by 4.5%. HP has targeted faster-growing parts of the market that fetch premium margins, such as gaming PCs and premium notebook models.

Its printing business did not see the same success story as revenue there slumped 14% to $4.43 billion. The company’s printing business generates most of its profits and the revenue decline was primarily due to an 18% plunge in toner and ink supplies revenues while printing hardware unit sales slid 10%. HP’s total hardware unit sales declined 10%, with Commercial hardware units down 2% and Consumer hardware units down 14%. Another factor impacting the performance of the printer unit can be attributed to HP’s decision to reduce inventory at its dealers and distributors.

In June 2016, the company announced a strategy shift aimed at reducing distributor inventories and moving away from using periodic promotions to drive demand. The company forecasted that printing supplies revenue would go down by about $225 million in each of its third and fourth quarters because of the reduction of inventory in its distribution channels.

Non-GAAP gross margin was down 50 basis points (bps) to 18.3% on y-o-y basis primarily due to lower revenues.

Balance Sheet and Cash Flow

As of July 31, 2016, HP had cash and cash equivalents worth $5.64 billion compared to $7.58 billion as of October 31, 2015. The company had long-term debt of $6.760 billion compared to $6.7 8 billion as of October 31, 2015.

HP also utilized $0.1 billion of cash during the quarter to repurchase approximately 4.5 million shares of common stock in the open market.

Outlook

HP is projecting adjusted earnings between $0.34 per share and $0.37 per share for Q4 FY16. Analysts are forecasting earnings of $0.41 per share. The company did not provide a revenue projection. For FY16, HP is projecting earnings between $1.59 per share and $1.62 per share. It had previously projected a range of $1.59 per share to $1.65 per share.

Stock Performance

On August 26, 2016, HP’s shares closed the trading session at $14.39, up 0.14%. A total volume of 15.57 million shares traded during the day, which was higher than its 3 months average volume of 13.12 million shares. The company’s stock price has gained 3.23% in the past one month and has advanced 24.04% since the beginning of the year.

Active Wall Street:

Active Wall Street (AWS) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. AWS has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

AWS has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the “Author”) and is fact checked and reviewed by a third party research service company (the “Reviewer”) represented by a credentialed financial analyst, for further information on analyst credentials, please email info@activewallst.com. Rohit Tuli, a CFA® charterholder (the “Sponsor”), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by AWS. AWS is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

AWS, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. AWS, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, AWS, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither AWS nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://www.activewallst.com/disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you’re a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: info@activewallst.com
Phone number: 1-858-257-3144

Office Address: 3rd floor, 207 Regent Street, London, W1B 3HH, United Kingdom

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Active Wall Street

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LONDON, UK / ACCESSWIRE / August 29, 2016 / Active Wall St. blog coverage looks at the headline from BlackBerry Ltd. (NASDAQ: BBRY) as the company announced on August 26, 2016, that it will redeem its 6% unsecured Convertible Debentures worth about $1.25 billion and also raise funds via issue of fresh unsecured Convertible Debentures via a private placement worth $605 million. Register with us now for your free membership and blog access at: http://www.activewallst.com/register/.

Today, AWS is promoting its blog coverage on BBRY. Get all of our free blog coverage and more by clicking on the link below: http://www.activewallst.com/registration-3/?symbol=BBRY.

BlackBerry is a telecommunications company engaged in the sale of smartphones and enterprise software and services. The company was founded in 1984 and is headquartered in Waterloo, Ontario, Canada, with offices across North America, Europe, Middle East, and Africa, Asia Pacific and Latin America.

Paying off Old Debts

The Convertible Debentures will be redeemable on September 2, 2016 at a price of $106.7213 which includes the principal and interest quotient. The holders of the 6% Convertible Debentures also have the option of converting them into common shares of BlackBerry. These common shares will be available at a price of $10.00 on and before September 1, 2016 at per the terms of the Convertible Debentures. BlackBerry, however, expects zero conversion of the 6% Convertible Debentures into shares, given the conversion price.

The Fresh Liability

BlackBerry also plans to raise $605 million through private placement the sale of unsecured Convertible Debentures with a 3.75% coupon to Fairfax Financial Holdings and other institutional investors. Fairfax Financial Holdings is majority shareholder of BlackBerry with 8.9% stock of the company. These will be convertible into BlackBerry common shares at $10 per share and will be due in November 13, 2020. The entire 3.75% Convertible Debentures if converted into shares represent nearly 11.57% of BlackBerry’s outstanding stock. Terms and conditions of these Convertible Debentures are similar to the 6% ones except that the new convertible debentures can only be redeemed after maturity and not before. The above transactions are subject to necessary approvals from the Toronto Stock Exchange.

Commenting on the transactions, John Chen, Executive Chairman and CEO of BlackBerry said:

“The restructuring of our convertible debt will enable us to significantly reduce our interest expense and potential future dilution for our shareholders. I am pleased that Fairfax will continue as BlackBerry’s leading lender, reinforcing its ongoing commitment to the company as we continue to execute on our strategy of pursuing growth and sustainable profitability.”

Future Outlook

BlackBerry has been facing severe challenges in the rapidly evolving smartphone sector. It has been steadily losing its market share to other handset manufacturers. In July 2016, it had launched a competitively priced Android based handset DTEK50 with advanced safety and productivity features. John Chen was confident that BlackBerry’s handset business would turn profitable by September 2016. However, market pundits and analysts do not agree with his enthusiasm especially after the company announced that it would discontinue production of its Classic model.

BlackBerry has strategically shifted its focus towards the software and enterprise solutions end of the business, where it has met with a great deal of success. Given its financial woes, the decision to get rid of expensive debt in favour of cheaper option will help the company in the long run.

Stock Performance

On August 24, 2016, BlackBerry’s shares closed at $7.97, down 0.13%, with a volume of 2.43 million shares traded. The company’s stock price has gained 4.59% in the past one month and 1024% in the last three months.

Active Wall Street:

Active Wall Street (AWS) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. AWS has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.
AWS has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the “Author”) and is fact checked and reviewed by a third party research service company (the “Reviewer”) represented by a credentialed financial analyst, for further information on analyst credentials, please email info@activewallst.com. Rohit Tuli, a CFA® charterholder (the “Sponsor”), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by AWS. AWS is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

AWS, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. AWS, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, AWS, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither AWS nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://www.activewallst.com/disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you’re a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

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Office Address: 3rd floor, 207 Regent Street, London, W1B 3HH, United Kingdom

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Active Wall Street

ReleaseID: 444440

LONDON, UK / ACCESSWIRE / August 29, 2016 / Active Wall St. announces the list of stocks for today’s research reports. Pre-market the Active Wall St. team provides the technical coverage impacting selected stocks trading on the Toronto Exchange and belonging under the Consumer Goods sector. Companies recently under review include Cascades, Supremex, Canfor Pulp Products, and Domtar. Get all of our free research reports by signing up at: http://www.activewallst.com/register/.

At the closing bell on Friday, August 26, 2016, the Toronto Exchange Composite Index finished the trading session at 14,639.88, marginally higher by 0.06% on trading volume of 311,158,018 shares.

Active Wall St. has initiated coverage on the following equities: Cascades Inc. (TSX: CAS), Supremex Inc. (TSX: SXP), Canfor Pulp Products Inc. (TSX: CFX), and Domtar Corporation (TSX: UFS). Register with us now for your free membership and research reports at: http://www.activewallst.com/register/.

Cascades Inc. (TSX: CAS)

Kingsey Falls, Canada headquartered Cascades Inc.’s stock finished Friday’s session 4.37% higher at $9.80 with a total volume of 264,161 shares traded. Over the last one month and the previous three months, shares of Cascades, which together with its subsidiaries, produces, converts, and markets packaging and tissue products in Canada, the US, and Europe, have advanced 0.82% and 1.14%, respectively. Furthermore, the stock has gained 13.95% in the past one year. The Company’s shares are trading above its 50-day and 200-day moving averages. Cascades’ 50-day moving average of $9.43 is above its 200-day moving average of $9.27. Shares of the Company traded at a PE ratio of 16.58. See our research report on CAS.TO at: http://www.activewallst.com/registration-3/?symbol=CAS.

Supremex Inc. (TSX: SXP)

LaSalle, Canada headquartered Supremex Inc.’s stock edged 0.20% higher, to close the day at $5.03. The stock recorded a trading volume of 4,900 shares. Supremex’s shares have advanced 2.65% in the last one month. The company’s shares are trading below their 200-day moving average. Moreover, the stock’s 200-day moving average of $5.35 is greater than its 50-day moving average of $5.03. Shares of the Company which manufactures and sells envelopes and related products in North America, are trading at a PE ratio of 10.55. The complimentary research report on SXP.TO at: http://www.activewallst.com/registration-3/?symbol=SXP.

Canfor Pulp Products Inc. (TSX: CFX)

Canfor Pulp Products Inc. is a subsidiary of Canadian Forest Products Ltd. On Friday, shares in Vancouver, Canada headquartered Canfor Pulp Products Inc. ended the session 1.05% lower at $10.39 with a total volume of 31,508 shares traded. Canfor Pulp Products Inc.’s shares have lost 1.52% in the previous three months. The stock is trading below its 50-day and 200-day moving averages. The company’s 200-day moving average of $10.77 is greater than its 50-day moving average of $10.60. Shares of Canfor Pulp Products, which together with its subsidiaries, produces and supplies pulp and paper products globally, are trading at a PE ratio of 8.32. Register for free and access the latest research report on CFX.TO at: http://www.activewallst.com/registration-3/?symbol=CFX.

Domtar Corporation (TSX: UFS)

On Friday, shares in Fort Mill, South Carolina based Domtar Corp. recorded a trading volume of 20,915 shares. The stock ended the day 0.23% higher at $48.64. Domtar Corp.’s stock has fallen by 4.04% in the previous three months The Company is trading above its 50-day and 200-day moving averages. The stock’s 200-day moving average of $48.60 is above its 50-day moving average of $48.47. Shares of the Company, which designs, manufactures, markets, and distributes communication papers, specialty and packaging papers, and absorbent hygiene products in the US, Canada, Europe, Asia, and globally, traded at a PE ratio of 33.99. Get free access to your research report on UFS.TO at: http://www.activewallst.com/registration-3/?symbol=UFS.

Active Wall Street:

Active Wall Street (AWS) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. AWS has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

AWS has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the “Author”) and is fact checked and reviewed by a third party research service company (the “Reviewer”) represented by a credentialed financial analyst, for further information on analyst credentials, please email info@activewallst.com. Rohit Tuli, a CFA® charterholder (the “Sponsor”), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by AWS. AWS is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

AWS, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. AWS, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, AWS, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither AWS nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://www.activewallst.com/disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you’re a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:
Email: info@activewallst.com
Phone number: 1-858-257-3144

Office Address: 3rd floor, 207 Regent Street, London, W1B 3HH, United Kingdom

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Active Wall Street

ReleaseID: 444443

LONDON, UK / ACCESSWIRE / August 29, 2016 / Active Wall St. announces its post-earnings coverage on Workday, Inc. (NYSE: WDAY). The company released second-quarter fiscal 2017 results on August 24, 2016. The enterprise cloud application specialist earnings came below expectations; however revenue topped views. Register with us now for your free membership at: http://www.activewallst.com/register/.

Today, AWS is promoting its earnings coverage on WDAY; touching on stock like International Business Machines Corp. (NYSE: IBM), EMC Corp. (NYSE: EMC), and Duke Energy Corp. (NYSE: DUK). Get our free coverage by signing up to.

http://www.activewallst.com/registration-3/?symbol=WDAY
http://www.activewallst.com/registration-3/?symbol=IBM

Earnings Review

For the quarter ended on July 31, 2016, Workday reported revenue of $377.7 million, up 34% from the year ago quarter, and beating analysts’ consensus estimate of $372.7 million. The company reported a net loss of $108.02 million, or $0.55 per share, versus a net loss of $69.42 million, or $0.37 per share, in the same period last year. On an adjusted basis, Workday’s net loss came in at $8.6 million, or $0.04 per share.

“We delivered record second quarter results with solid customer momentum and strong competitive win rates,” said Aneel Bhusri, co-founder and CEO of Workday, “The results were well balanced across our key initiatives as we saw consistent strength across product lines, industries, and geographies and we are proud to welcome our new largest customer based in the APJ region.”

On August 26, 2016, Workday’s shares dropped 2.64% to close at $83.08. A total volume of 2.94 million shares changed hands during the day, which was higher than the 3 months average volume of 1.74 million shares. The company’s stock price has surged 37.44% in the past six months and 10.23% in the past 12 months.

Stock Performance

On August 26, 2016, Workday’s shares dropped 2.64% to close at $83.08. A total volume of 2.94 million shares changed hands during the day, which was higher than the 3 months average volume of 1.74 million shares. The company’s stock price has surged 37.44% in the past six months and 10.23% in the past 12 months.

Active Wall Street:

Active Wall Street (AWS) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. AWS has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below. AWS has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the “Author”) and is fact checked and reviewed by a third party research service company (the “Reviewer”) represented by a credentialed financial analyst, for further information on analyst credentials, please email info@activewallst.com. Rohit Tuli, a CFA® charterholder (the “Sponsor”), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by AWS. AWS is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

AWS, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. AWS, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, AWS, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither AWS nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://www.activewallst.com/disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you’re a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: info@activewallst.com
Phone number: 1-858-257-3144

Office Address: 3rd floor, 207 Regent Street, London, W1B 3HH, United Kingdom

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Active Wall Street

ReleaseID: 444439

LONDON, UK / ACCESSWIRE / August 29, 2016 / Active Wall St. announces the list of stocks for today’s research reports. Pre-market the Active Wall St. team provides the technical coverage impacting selected stocks trading on the Toronto Exchange and belonging under the Biotechnology industry. Companies recently under review include Emerald Health Therapeutics, biOasis Technologies, IntelGenx Technologies, and BriaCell Therapeutics. Get all of our free research reports by signing up at: http://www.activewallst.com/register/.

At the closing bell on Friday, August 26, 2016, the TSX Venture Composite Index was up 0.45%, closing the trading session at 805.53 with a total volume of 155,119,791 shares exchanging hands for the day. The Healthcare index, on the other hand, saw a 0.27% decline from its previous close, to end at 87.37.

Active Wall St. has initiated research reports on the following equities: Emerald Health Therapeutics Inc. (TSX-V: EMH), biOasis Technologies Inc. (TSX-V: BTI), IntelGenx Technologies Corporation (TSX-V: IGX), and BriaCell Therapeutics Corporation (TSX-V: BCT). Register with us now for your free membership and research reports at: http://www.activewallst.com/register/.

Emerald Health Therapeutics Inc. (TSX-V: EMH)

Victoria, Canada headquartered Emerald Health Therapeutics Inc.’s stock finished Friday’s session 1.39% lower at $0.36 with a total volume of 238,895 shares traded. Over the last one month and the previous three months, shares of Emerald Health Therapeutics, together with its subsidiaries, produces and sells medical marijuana in Canada, have surged 77.50% and 69.05%, respectively. The Company’s shares are trading above its 50-day and 200-day moving averages. Emerald Health Therapeutics’ 50-day moving average of $0.26 is above its 200-day moving average of $0.21. See our research report on EMH.V at: http://www.activewallst.com/registration-3/?symbol=EMH.

biOasis Technologies Inc. (TSX-V: BTI)

Richmond, Canada headquartered biOasis Technologies Inc.’s stock advanced 2.44%, to close the day at $1.68. The stock recorded a trading volume of 18,030 shares. Shares of biOasis Technologies, which operates as a development stage biopharmaceutical company, have gained 20.86% in the last one month and 25.37% in the past three months. Furthermore, the stock has surged 64.71% in the previous one year. The company’s shares are trading above their 50-day and 200-day moving averages. Moreover, the stock’s 50-day moving average of $1.42 is greater than its 200-day moving average of $1.33. The complimentary research report on BTI.V at: http://www.activewallst.com/registration-3/?symbol=BTI.

IntelGenx Technologies Corp. (TSX-V: IGX)

On Friday, shares in Ville Saint Laurent, Canada based drug delivery company, IntelGenx Technologies ended the session 9.00% higher at $1.09 with a total volume of 88,846 shares traded. Shares of IntelGenx Technologies, which develops novel oral immediate-release and controlled-release products for the pharmaceutical market, have surged 51.39% in the last one month, 55.71% in the previous three months and 70.31% in the past one year. The stock is trading above its 50-day and 200-day moving averages. The company’s 50-day moving average of $0.82 is greater than its 200-day moving average of $0.74. Register for free and access the latest research report on IGX.V at: http://www.activewallst.com/registration-3/?symbol=IGX.

BriaCell Therapeutics Corp. (TSX-V: BCT)

On Friday, shares in West Vancouver, Canada headquartered biotechnology company, BriaCell Therapeutics Corp., recorded a trading volume of 16,400 shares, which was lower than their three months average volume of 74,258 shares. The stock ended the day flat at $0.23. Shares of BriaCell Therapeutics, which engages in the research and development of cancer immunotherapy technology in Canada, have gained 6.98% in the last one month and 35.29% in the previous three months. However, the Company’s stock has fallen by 2.13% in the past one year. The Company is trading above its 50-day and 200-day moving averages. The stock’s 50-day moving average of $0.21 is above its 200-day moving average of $0.19. Get free access to your research report on BCT.V at: http://www.activewallst.com/registration-3/?symbol=BCT.

Active Wall Street:

Active Wall Street (AWS) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. AWS has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

AWS has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the “Author”) and is fact checked and reviewed by a third party research service company (the “Reviewer”) represented by a credentialed financial analyst, for further information on analyst credentials, please email info@activewallst.com. Rohit Tuli, a CFA® charterholder (the “Sponsor”), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by AWS. AWS is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

AWS, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. AWS, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, AWS, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither AWS nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://www.activewallst.com/disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you’re a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:
Email: info@activewallst.com
Phone number: 1-858-257-3144

Office Address: 3rd floor, 207 Regent Street, London, W1B 3HH, United Kingdom

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Active Wall Street

ReleaseID: 444445

LAS VEGAS, NV / ACCESSWIRE / August 29, 2016 / In the spirit of successful television show rescues of restaurants, hotels, and bars, iconic casino “boss”, author, and television personality Gary Green will be looking for casinos to “turn around” for his new television series “Casino Rescue.”

Taking his quest to the casino industry’s leading trade show, Global Gaming Expo (G2E), in Las Vegas the last week of September, Green described his quest, “Nationwide television exposure for the casino plus a state-of-the-art makeover and marketing program, all part of a genuine turnaround; what more could a struggling casino ask for?”

Author of the new decisively pro Indian book “Osceola’s
Revenge – the phenomena of Indian casinos”, Gary Green is the star of the new television series in development with Frogwater Media. In the series, Green’s team of casino experts “makeover” troubled casinos and add the star’s own well-known marketing flair.

“We have already partnered with vendors, designers, regulatory advisors, financial gurus, and a whole array for casino experts who are eager to help turn around troubled properties. This is an operation that most mid-sized to small casinos could never afford; and it is free,” the host added.

Gary Green, a Pulitzer-nominated best-selling author, is a former vice-president of marketing and player development for Donald Trump and is widely recognized as one of the most knowledgeable and colorful marketing characters in the casino industry. He is also a managing partner of The Gaming Group private equity investment fund.

Both the television series and the new J. Boylston & Co. published book were sold by Green’s agent, Alan Morell, of Creative Management Partners, Beverly Hills.

SOURCE: The Gaming Group

ReleaseID: 444281

NEW YORK, NY / ACCESSWIRE / August 29, 2016 / SeeThruEquity, a leading independent equity research and corporate access firm focused on smallcap and microcap public companies, today announced it has issued an update on Hooper Holmes Inc.

The report is available here: HH August 2016 Update Note.

Hooper Holmes Inc. (NYSE MKT: HH, “Hooper Holmes”) provides a comprehensive suite of health and wellness solutions to business and government employers in the United States. Hooper Holmes’ fully integrated health and wellness solutions are designed to be best-in-class in the industry – utilizing proprietary technology to offer biometric screenings, data collection / management, health coaching, a wellness portal and other educational resources. Based in Olathe, Kansas, the company currently provides health and wellness solutions to over 3,000 employers with approximately 1mn plan participants. Hooper Holmes appears well-positioned to grow these figures substantially over the next several years as it targets the $7Bn+ annual market opportunity for health and wellness services in the United States. Indeed, the company has a 100+ year history in the healthcare industry, and has developed a growing business over the last several years providing biometric screening, risk assessment and clinical research data collection. The company reposted solid 2Q16 results, with highlights including:

Revenues of $7.64mn were up 5.5% sequentially; 1H16 revenues of $14.88 were up 11.5% versus 1H15
Gross margins rose to 23.1% in 2Q16 and grew more than 300bps in 1H16 to reach 21.7%, versus 18.2% in 1H15
Hooper Holmes reiterated 2016E revenue guidance of $42mn and stated that it had experienced strong order trends

Additional highlights from the note are as follows:

Solid results in 2Q16 and 1H16

Hooper Holmes reported solid top line results in 2Q16 with revenues coming in at $7.64mn, up 5.5% sequentially and essentially flat versus 2Q15. First half revenues of $14.88mn were up 11.5% over 1H15. Hooper Holmes is experiencing growing demand for on-site and alternative biometric screening services, which are expected to be continued growth drivers. During the quarter the company also announced a screening agreement with MinuteClinic, the walk-in clinic of CVS and Target stores. This is clearly a nice extension of Hooper Holmes’ existing network, expands the company’s reach and raises the level of convenience offered to customers.

HH reiterates guidance, targeting positive cash flow

We were impressed by CEO Henry Dubois’ commentary that Hooper Holmes was seeing screening orders coming in earlier and at a higher velocity than historical trends. While we were aware that 2H16 was seasonally strong, we felt encouraged that management reiterated guidance on the call – and referenced order levels through mid-August while doing so. The company is targeting FY16 revenues to be $42mn, which would suggest approximately 30% top line growth over from FY15. Importantly, Hooper Holmes is also predicting positive adjusted EBITDA and operating cash flow for the year. Given that its balance sheet is a key item of concern for many investors, we believe evidence that Hooper Holmes can achieve recurring cash flow would be a major milestone for the company. Although Hooper Holmes did not provide financial guidance beyond 2016E, management has stated a goal of targeting $100mn in annual revenues in the intermediate term and believes its platform can support double-digit operating margins in the $55mn-$60mn revenue range.

Maintaining $6.50 price target following results

We are maintaining our price target of $6.50 following 2Q16 results and the company’s outlook. Our target of $6.50 implies a target valuation of 1.3x FYE revenues of $42mn, which we feel is appropriate for a company offering attractive growth potential and operating on the cusp of cash flow generation, but still presenting risks related to its balance sheet liquidity. If achieved, the price target of $6.50 suggest upside potential of 311% from the recent price of $1.58 on August 22, 2016.

Please review important disclosures at www.seethruequity.com.

About Hooper Holmes Inc.

Hooper Holmes mobilizes a national network of health professionals to provide on-site health screenings, laboratory testing, risk assessment and sample collection services to wellness and disease management companies, employers and brokers, government organizations and academic institutions nationwide. Under the Accountable Health Solutions brand, the Company combines smart technology, healthcare and behavior change expertise to offer comprehensive health and wellness programs that improve health, increase efficiencies and reduce healthcare delivery costs.

About SeeThruEquity

Since its founding in 2011, SeeThruEquity has been committed to its core mission: providing impactful, high quality research on underfollowed smallcap and microcap equities. SeeThruEquity has pioneered an innovative business model for equity research that is not paid for and is unbiased. SeeThruEquity is the host of acclaimed investor conferences that are the ultimate event for publicly traded companies with market capitalizations less than $1 billion.

SeeThruEquity is approved to contribute its research reports and estimates to Thomson One Analytics (First Call), the leading estimates platform on Wall Street, as well as Capital IQ and FactSet. SeeThruEquity maintains one of the industry’s most extensive databases of opt-in institutional and high net worth investors. The firm is headquartered in Midtown Manhattan in New York City.

For more information visit www.seethruequity.com.

Contact:

Ajay Tandon
SeeThruEquity
info@seethruequity.com

SOURCE: SeeThruEquity

ReleaseID: 444428