Monthly Archives: September 2016

Research Reports Initiated on Energy Stocks Cenovus Energy, Imperial Oil, Parkland Fuel, and Horizon North Logistics

LONDON, UK / ACCESSWIRE / September 27, 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 Energy sector. Companies recently under review include Cenovus Energy, Imperial Oil, Parkland Fuel, and Horizon North Logistics. Get all of our free research reports by signing up at: http://www.activewallst.com/register/.

On Monday, September 26, 2016, at the end of trading session, the Toronto Exchange Composite index ended the day at 14,619.46, 0.53% lower, on a total volume of 259,118,882 shares.

Additionally, the Energy index was slightly down by 0.07%, ending the session at 189.05.

Active Wall St. has initiated research reports on the following equities: Cenovus Energy Inc. (TSX: CVE), Imperial Oil Ltd. (TSX: IMO), Parkland Fuel Corporation (TSX: PKI), and Horizon North Logistics Inc. (TSX: HNL). Register with us now for your free membership and research reports at: http://www.activewallst.com/register/.

Cenovus Energy Inc. (TSX: CVE)

Calgary, Canada headquartered Cenovus Energy Inc.’s stock edged 0.39% lower, to finish Monday’s session at $17.75 with a total volume of 1.23 million shares traded. Over the last one month, Cenovus Energy’s shares have lost 8.13%. However, the stock has advanced 4.17% in the past three months. The Company’s shares are trading below its 50-day and 200-day moving averages. Cenovus Energy’s 50-day moving average of $18.95 is above its 200-day moving average of $18.51. Shares of the Company, which develops, produces, and markets crude oil, natural gas liquids, and natural gas in Canada, traded at a PE ratio of 19.19. See our research report on CVE.TO at: http://www.activewallst.com/registration-3/?symbol=CVE.

Imperial Oil Limited (TSX: IMO)

Calgary, Canada headquartered Imperial Oil Limited operates as a subsidiary of Exxon Mobil Corporation. The stock edged 0.71% higher, to close the day at $39.88. The company’s shares recorded a trading volume of 743,011 shares, which was above its three months average volume of 512,474 shares. Shares of Imperial Oil, which explores for, produces, and sells crude oil and natural gas in Canada, have advanced 2.62% in the past three months. The company’s shares are trading below their 50-day and 200-day moving averages. Moreover, the stock’s 200-day moving average of $41.06 is greater than its 50-day moving average of $40.24. The Company’s shares traded at a PE ratio of 113.94. The complimentary research report on IMO.TO at: http://www.activewallst.com/registration-3/?symbol=IMO.

Parkland Fuel Corporation (TSX: PKI)

On Monday, shares in Red Deer, Canada headquartered Parkland Fuel Corp. ended the session 0.56% lower at $30.32 with a total volume of 180,748 shares traded. Parkland Fuel’s shares have gained 5.39% in the last one month, 39.27% in the previous three months, and 33.33% 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 $28.40 is greater than its 200-day moving average of 24.06. Shares of Parkland Fuel, which operates through Retails Fuels, Commercial Fuels, Parkland USA, and Supply and Wholesale segments, traded at a PE ratio of 47.38. Register for free and access the latest research report on PKI.TO at: http://www.activewallst.com/registration-3/?symbol=PKI.

Horizon North Logistics Inc. (TSX: HNL)

On Monday, shares in Calgary, Canada headquartered remote resource development service company, Horizon North Logistics Inc. recorded a trading volume of 187,187 shares. The stock ended the day 4.12% lower at $1.63. Horizon North Logistics’ stock has gained 19.85% in the past three months. Shares of the Company, which provides workforce accommodation solutions, camp management and catering services, and road and access matting solutions, are trading above its 200-day moving average. The stock’s 50-day moving average of $1.78 is above its 200-day moving average of $1.57. Get free access to your research report on HNL.TO at: http://www.activewallst.com/registration-3/?symbol=HNL.

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: 446053

Industrial Sector Earnings Review for Chart Industries, Commercial Vehicle, Deere, and Supreme Industries

LONDON, UK / ACCESSWIRE / September 27, 2016 / Active Wall St. announces its coverage of top earnings surprises within the Industrial Sector. Earnings for industrial companies have been weak amid a multiyear global slowdown in manufacturing. Industrial products stocks in the S&P 500 Group reported a 1.5% drop in earnings and 5.6% fall in revenue in Q2 2016. Register with us now for your free membership and blog access at: http://www.activewallst.com/register/.

Today, AWS is promoting its earnings surprise review coverage on Chart Industries Inc. (NASDAQ: GTLS), Commercial Vehicle Group Inc. (NASDAQ: CVGI), Deere & Co. (NYSE: DE), and Supreme Industries Inc. (NYSE: STS). Get all of our free blog coverage and more by clicking on the link below:

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

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

Factors Impacting Industrials

Manufacturers have struggled for the past two year with subdued growth in the global economy, the strong dollar, and reluctance among U.S. businesses to spend more on machinery, computer and other equipment. These factors have dragged down factory output 0.4 % from a year ago even though interest rates have remained historically low.

U.S. factory production declined in August 2016 amid a reduction seen in appliances, home electronics, and machineries, thereby dashing hopes for a rebound in the manufacturing sector based on the previous gains in the last two months. The Federal Reserve said that factory production dropped 0.4% in August 2016, after an increase of 0.4 % in July.

The strength of the U.S. dollar in 2014 and 2015 made U.S. exports costlier, while lowering the price of competing imports. In the first half of 2016, the dollar has remained almost flat against most major currencies. The job market has also showed weakness in Q2 2016, with average jobs increasing in the quarter by 153,000 per month, down from 209,000 in Q1 2016. Furthermore, unfavorable foreign currency movements and economic uncertainties worldwide led to weak export demand for the U.S.-manufactured machinery.

As per data from the U.S. Census Bureau, export demands for U.S. machinery in H1 FY16 declined 5.7% on y-o-y basis; a 12.4% decline was reported for shipments of farm machinery; while construction dropped 23.1% and mining machinery slumped 45.8%. New machinery orders were down 5.3%, while order backlog decreased 7.7%. U.S. utility output fell 1.4 % in August after a strong gain in the previous two months.

Q3 Outlook

As per FactSet data, the Industrials sector is expected to report the second largest y-o-y decline in Q3 2016 earnings (-7.8%). However, we are starting to see a pickup in industrial activities, at least in the U.S., and stabilizing oil prices. With these positive elements, we can expect the sector to improve going forward.

Top Earnings Surprises

Although the Industrial Sector earnings were subdued, there were a few companies that surprised the market with strong performance. These are the four top performers:

Chart Industries Inc.

Earnings Surprise:

On July 28th, 2016, Chart Industries reported Q2 2016 net income of $21.2 million. On a per-share basis, the Garfield Heights, Ohio-based company said it had earnings of $0.68 per share. Excluding restructuring costs, the company reported earnings of $0.72 per share, obliterated Wall Street’s expectations for earnings of $0.13 per share. The manufacturer of industrial gas infrastructure and processing equipment posted revenue of $247.1 million in the period, which also beat Street’s forecasts of $222.8 million. Gross profit margin jumped to 35.2% from 27.7% in Q2 2015, as the company’s cost-cutting efforts continue to pay off.

Stock Performance:

At the closing bell, on Monday, September 26, 2016, Chart Industries’ stock was slightly down 0.18%, ending the trading session at $30.99. A total volume of 423.66 thousand shares were traded at the end of the day, which was higher than the 3-month average volume of 319.99 thousand shares. In the last one month and previous three months, shares of the company have advanced 2.14% and 40.48%, respectively. Moreover, the stock jumped 72.55% since the start of the year.

Commercial Vehicle Group Inc.

Earnings Surprise:

On August 3rd, 2016, Commercial Vehicle Group reported Q2 2016 income of $2.7 million. On a per share basis, the New Albany, Ohio-based company said it had net income of $0.90 per share. Earnings, adjusted for one-time gains and costs, were $0.10 per share, outperforming expectations of adjusted earnings of $0.40 per share. The supplier of products for heavy duty trucks posted revenue of $178.3 million in the period compared to $217.6 million in the prior-year period.

Stock Performance:

On Monday, September 26, Commercial Vehicle Group’s shares slipped 2.83%, finishing the day at $5.50 with volume of 194.15 thousand shares exchanging hands by the close of the trading session. The company’s stock price advanced 1.66% in the last month and 16.28% in the past three months. Furthermore, on a year to date basis and in the previous six months, the stock surged 99.28% and 114.84%, respectively. Shares of the company have a PE ratio of 29.41.

Deere & Co.

Earnings Surprise:

On August 21st 2016, Deere & Co., the world’s biggest farm equipment manufacturer, reported net income of $488.8 million, or $1.55 per share, compared to the year-ago quarter where it earned $511.6 million, or $1.53 per share. Its earning numbers easily topped consensus estimates of $0.61 per share, driven by a 12.2% decline in costs, which fell to $6.02 billion from $6.86 billion. The company’s revenue for Q3 FY16 came in at $5.86 billion, down 14% from $6.84 billion a year ago; missing estimates by $230 million.

Stock Performance:

Deere’s stock is trading slightly up 0.29%, closing Monday’s session at $83.58 on volume of 3.41 million shares. The company’s shares gained 11.24% since the beginning of the year. Additionally, the stock has advanced 4.50% and 4.60% in the last three months and the past six months. The company’s shares are trading a PE ratio of 16.73 and have a dividend yield of 2.87%.

Supreme Industries Inc.

Earnings Surprise:

On July 22, 2016, Supreme Industries reported that consolidated net sales increased 12.4% to $92.9 million in Q2 2016 compared to $82.6 million in Q2 2015. Net income in the quarter was $8.3 million, up 90.9% from $4.3 million in the same quarter of the prior year. Diluted earnings per share rose 84.6% to $0.48 per share, up from $0.26 per share in the second quarter of 2015. Gross margin for Q2 2016 widened to 24.1% compared to 18.7% in Q2 2015, driven by higher mix of retail sales and better overhead absorption, versus the prior year.

Stock Performance:

Supreme Industries’ share price finished yesterday’s trading session at $18.23, declining 3.03%. A total volume of 242.88 thousand shares exchanged hands. The stock has surged 46.81% and 108.34% in the last three months and past six months, respectively. Furthermore, since the start of the year, shares of the company has rallied 166.13%. The stock is trading at a PE ratio of 16.76 and has a dividend yield of 0.77%.

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: 446052

Post Earnings Coverage as AAR Corporation Q1 Earnings Beat Expectations

LONDON, UK / ACCESSWIRE / September 27, 2016 / Active Wall St. announces its post-earnings coverage on AAR Corp. (NYSE: AIR). The company reported its financial results for the first quarter fiscal 2017 (Q1 FY17) on September 22, 2016. The Wood Dale, Illinois-based company’s Q1 FY17 sales and diluted earnings per share from continuing operations improved 4.7% and 38% on y-o-y basis, respectively; both outperforming market expectations. Register with us now for your free membership at: http://www.activewallst.com/register/.

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

Earnings Reviewed

For the quarter ended on August 31, 2016, AAR reported sales of $404.8 million compared to sales of $386.7 million recorded at the end of Q1 FY16. The increase in quarterly sales is primarily attributed to strong results in the company’s Aviation Services segment. The company’s quarterly sales numbers beat market estimates of $400 million.

The aviation support company recorded net income of $9.5 million, or $0.28 per diluted share, in Q1 FY17 compared to a net income of $22.9 million, or $0.65 per diluted share, in the previous year quarter. Additionally, net income from continuing operations for Q1 FY17 came in at $9.9 million, or $0.29 per diluted share, which was above $7.4 million, or $0.21 per diluted share, reported in Q1 FY16 and market consensus estimate of $0.28 per diluted share.

During Q1 FY17, the company repurchased 619,000 shares worth $14.8 million at an average price of $23.94 per share. As of August 31, 2016, the company had additional $67.9 million available under its Board-authorized share repurchase program.

Operational Metrics

In Q1 FY17, AAR reported operating income of $16.7 million which came in above $13.6 million recorded in the year ago period. The company’s SG&A expenses as a percentage of sales came in at 11.1% for Q1 FY16 versus 10.3% in Q1 FY16. The company attributes this increase in SG&A expenses to investments in new business development.

Segment-wise

AAR’s Aviation Services segment sales for Q1 FY17 increased $18.8 million, or 6% y-o-y, to $334.6 million from $315.8 million reported in Q1 FY16. The segment’s gross profit improved to $53.4 million from $49.9 million. Additionally, the segment reported gross profit margin of 16% in Q1 FY17.

The company’s Q1 FY17 Expeditionary Services segment sales were down marginally to $70.2 from $70.9 million in Q1 FY16. However, the segment’s gross profit surged to $8.1 million in Q1 FY17 from $4.0 million, or 14.0% of segment sales, in Q1 FY16. Furthermore, the segment had gross profit margin of 11.5% for Q1 FY17, which was above 14.0% of segment sales reported in Q1 FY16, reflecting improved profitability in Mobility products.

Cash Matters and Balance Sheet

In Q1 FY17, the company reported negative cash flow from operations of $0.5 million compared to a negative cash flow from operations of $64.4 million in the last year’s quarter. AAR had cash and cash equivalents and investments worth $7.9 million on August 31, 2016 versus $31.2 million as on close of books in the year-ago period.

During Q1 FY17, AAR spent $9.4 million as capital expenditures $14.9 million in depreciation and amortization expenses. The company added $7.1 million to its total debt which stood at $143.7 million as on August 31, 2016. Additionally, AAR had low debt-to-capital ratio of 14% as at the close of books in the reported quarter.

Guidance

In its guidance for full year fiscal 2017, the company forecasts diluted earnings from continuing operations to be in the range of $1.30 per share to $1.40 per share. The management expects SG&A as a percentage of sales to move closer to the target of 10% of sales increased over the rest of fiscal 2017.

Stock Performance

The stock closed Monday’s trading session at $29.23, falling 2.12% from its previous closing price of $29.66. A total volume of 400.99 thousand shares have exchanged hands, which was higher than the 3-month average volume of 237.60 thousand shares. AAR Corp.’s stock price rallied 17.06% in the last month, 30.70% in the past three months, and 25.85% in the previous six months. Furthermore, since the start of the year, shares of the company has gained 11.50%. The stock is trading at a PE ratio of 25.03 and has a dividend yield of 1.03%.

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: 446051

The Eye Shooter Smartphone Holder Announces Official Launch

The Eye Shooter Smartphone Holder turns any smartphone into a POV video camera which is intended to replaces eponymous action cameras

LOS ANGELES, CA / ACCESSWIRE / September 27, 2016 / Tom Barrera is pleased to announce the Eye Shooter smartphone holder. The Eye Shooter is a smartphone holder/mount that allows users to turn their cell phones into a GoPro by mounting it to their head for point of view filming.

To learn more about the Eye Shooter, visit: https://goo.gl/8uGGza

According to the creator, Tom Barrera, his vast experience as an inventor gave him the “Eureka moment.”

“Wouldn’t it be cool if I could just use my smartphone?” says Barrera. “What if I could somehow make a smartphone holder to replace all those gadgets? A mount / holder / multi tool for any size smartphone. I could use it in the car, at home, at work and play. Even mount my smartphone to a headband like a GoPro. I could go fishing for that whopper fish hands free.”

After testing that started with a cardboard and clay prototype, Barrera worked with a CAD designer to mock up a model that would be multifunctional. He ended up with a device that can not only be used to mount a cell phone onto the forehead, but that can also be used as a dashboard mount in the car, a chest mount, a tripod mount, and a hand holder for stable filming.

The headband is made from neoprene and in one of his videos Barrera proved how comfortable it is by taking it to the circus and mounting it onto a goat.

Always the showman, Barrera also convinced key members from “The Pirates of the Colombian Caribbean” to do their entire show while wearing their smartphones. Not only did they capture their stunts from their first person perspectives, but none of the smartphones came lose during filming.

Barrera also created the Eye Shooter based on the 3-4 point stabilization principles of his other invention called “The Quad Pod Pro,” which is a video camera stabilizer.

While everyone has a video camera in their pocket, Barrera hopes to eliminate the need for extra cameras such as GoPros and even production-level video equipment. He’s hoping to move the Eye Shooter into production as soon as possible, and has taken it to the pages of Indiegogo where he seeks backers to help him raise the funds necessary to roll it out to a wider audience.

About the Eye Shooter Smartphone Holder:

The Eye Shooter Smartphone Holder is a multi-functional wearable housing that turns any cell phone into a point of view camera. Created by serial inventor Tom Barrera, the Eye Shooter intends to replace first person cameras such as GoPros by utilizing a device that everyone carries with them anyway. To learn more about the Eye Shooter, please visit: https://goo.gl/8uGGza.

Contact:

Faith Davis
admin@rocketfactor.com
(949) 555-2861

SOURCE: Eye Shooter Smartphone Holder

ReleaseID: 446069

Blog Coverage US Pharma Giant Pfizer to Whole as one Complete Unit

LONDON, UK / ACCESSWIRE / September 27, 2016 / Active Wall St. blog coverage looks at the headline from Pfizer Inc. (NYSE: PFE) as the company announced on September 26, 2016, that in its own financial interest, its Board of Directors and Executive Team had decided to continue with the current organisation structure and had forsaken its plan to slice up Pfizer into two separate publicly traded companies – Pfizer Innovative Health and Pfizer Essential Health. 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 PFE; touching on Medivation Inc. (NASDAQ: MDVN). Get all of our free blog coverage and more by clicking on the link below:

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

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

Decision to stay a single complete unit

Pfizer, having weighed its options, felt that being a complete unit is strategically and financially beneficial in the long run. In current market conditions, the split would lead to disruption of operations, increase inherent costs and fail to be beneficial in terms of tax efficiencies.

Hence, Pfizer Innovative Health and Pfizer Essential Health will continue to be a part of Pfizer Inc., however, they will be managed separately as two different businesses. Innovative Health deals with new and speciality drugs and Essential Health is focussed on the generics and biosimilars business.

Pfizer Inc. would be allocating indirect expenses for each business unit which would be reflected in its Q1 2017 reports. The company has assured that the decision will not affect its earnings guidance for 2016.

Commenting on the decision, Ian Read, Chairman and Chief Executive Officer said:

“We believe that by operating two separate and autonomous units within Pfizer we are already accessing many of the potential benefits of a split – sharper focus, increased accountability, and a greater sense of urgency – while also retaining the operational strength, efficiency and financial flexibility of operating as a single company as compared with operating as two, separate publicly traded companies. We will continue to generate the financial information necessary to preserve our option to split our businesses should factors materially change at some point in the future.”

The discarded plan

Pfizer’s business has grown not only in terms of finance and market share, but also in terms of operational complexity. Pfizer’s decision to split the businesses into two was driven by the goal to unlock trapped value for its shareholders. It had sold off non-core businesses, including its animal health business in 2013, so as to streamline the entire business to fall under these two units. The idea had germinated a couple of years back when Pfizer felt that Innovative Health and Essential Health would be worth more as separate companies than as a part of a single company.

Pfizer’s Innovative Health and Essential Health have delivered solid year-over-year performance in the last three years, including robust performance in 1H 2016. This had boosted the belief that these two could exist as stand-alone companies and compete with others in the sector. Pfizer had visualised these as leaders in their respective markets.

The backdrop

Rumours of the split restarted when Pfizer terminated its acquisition of Allergan in April 2016 due to the new US tax inversion rule, which negated any tax benefits arising out of shifting the company’s corporate headquarters overseas.

Rumours of the split have been doing the rounds since 2012 mainly due to the financial aspect. Earlier the sales from Pfizer’s patent-protected drugs were on the rise whereas its generic drug sales were not spectacular. In recent times, the scenario has changed completely, as many of Pfizer’s drugs have lost patent-protection and therefore losing revenues and business to generics. Pfizer is strategically strengthening both its patented drugs as well as generics drugs business with planned acquisitions. Pfizer had agreed to acquire Medivation Inc. (NASDAQ: MDVN) in August 2016 to gain access to its successful prostate cancer drug Xtandi. In September 2015, Pfizer had completed the acquisition of Hospira Inc. which helped it gain access to generic injectable drugs and biosimilars market. It has also invested heavily in R&D facilities and laboratories.

For the moment, the company plans to stay as it is; however, it has not completely ruled out revisiting this decision in the future. With a clear agenda, Pfizer can concentrate on expanding business and maybe look at more acquisitions.

Stock Performance

Pfizer’s stock is trading slightly down by 1.81%, closing Monday’s session at $33.64. A total volume of 29.51 million shares exchanged hands, which was higher than the 3 months average volume of 19.76 million shares. The stock, which had been on an upswing since April 2016, reached its peak price of $37 in August 2016. The company’s shares gained 7.09% since the beginning of the year. Additionally, in the last three months and previous six months, shares of the company have advanced 0.35% and 13.89%, respectively. The company’s shares are trading a PE ratio of 29.85 and have a dividend yield of 3.57%.

Moody’s Investors Service revised the rating outlook for Pfizer Inc. from negative to stable with the expectation that Pfizer will sustain positive underlying revenue and earnings growth, solid credit ratios, and large cash holdings.

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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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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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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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ReleaseID: 446061

Post Earnings Coverage as Finish Line Revenue Increases 5.4%

LONDON, UK / ACCESSWIRE / September 27, 2016 / Active Wall St. announces its post-earnings coverage on Finish Line Inc. Earnings (NASDAQ: FINL). The company posted its second quarter fiscal 2017 results on September 23rd, 2016. The athletic retailer said its comparable-store sales increased 5.1%. The company also reported that it would change the role of its former chief executive more quickly than expected. The company reiterated its outlook for Fiscal 2017. Register with us now for your free membership at:
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Earnings Reviewed

For the thirteen weeks ended on August 27th, 2016, Finish Line reported revenue of $509.4 million, 5.4% above the $483.1 million the company reported a year earlier, and also ahead of Wall Street’s estimate of $495 million. The Indianapolis-based retailer posted net income of $22.1 million, or $0.53 per share, down from $25.9 million, or $0.57 per share, in the year-earlier period, matching the figure analyst expected.

The increase in Finish Line’s net sales comprised of comparable sales that were up 5.1%, while sales associated with company’s store inside Macy’s Inc. came in at $77.4 million, up 27.3% compared to Q2 FY16. On the other hand, sales through its stores in JackRabbit declined slightly to $24.2 million. The drop in JackRabbit sales was attributable to the company’s operating six less stores than a year ago period.

“Our comparable store sales accelerated during the second quarter,” CEO Sam Sato said, “With our enhanced supply chain now operating efficiently, our focus shifts to streamlining our organizational structure to optimize productivity.”

Margin Matters

During Q2 FY17, Finish Line’s consolidated gross margin declined 170 basis points from a year ago to 31.3%. Product margin net of shrink decreased 200 basis points as the company worked through higher inventory levels caused in large part by the supply chain disruption.

Executive Transition

Finish Line announced that executive chairman and former CEO Glenn Lyon would become non-executive chairman effective immediately, a faster timetable than initially laid out. At the end of February, 2016, Mr. Lyon stepped down as CEO. The company had originally said Mr. Lyon would remain executive chairman through the end of the year.

Balance Sheet

As of August 27, 2016, Finish Line’s consolidated merchandise inventories increased 1.6% to $372.3 million compared to $366.3 million as of August 29, 2015, with Finish Line and JackRabbit owned inventory both down at low single digits and Macy’s inventory up by high single digits The company repurchased 1.0 million shares of common stock in Q2 FY17, totaling $21.3 million. The company has 5.3 million shares remaining on its current Board authorized repurchase program. As of August 27, 2016, Finish line had no interest-bearing debt and $114.3 million in cash and cash equivalents.

Stores

At the end of the reported quarter Finish Line number of stand-alone stores fell 5.6% to 585 including four openings and five closings. While the company’s store-within-a-store count fell 0.8% to 391 Macy’s stores branded shops. For JackRabbit, the company ended Q2 FY17 with 70 stores after closing one unprofitable store.

Outlook

For Fiscal 2017, Finish Line reaffirmed its target for comparable store sales to increase in the 3% to 5% range and diluted earnings to be between $1.50 per share and $1.56 per share.

Stock Performance

Finish Line’s share price finished yesterday’s trading session at $22.61, sliding slightly by 0.62%. A total volume of 1.92 million shares exchanged hands, which was higher than the 3 months average volume of 1.13 million shares. The stock has advanced 17.09% and 4.71% in the last three months and past six months, respectively. Furthermore, since the start of the year, shares of the company has surged 27.00%. The stock is trading at a PE ratio of 63.33 and has a dividend yield of 1.77%.

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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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ReleaseID: 446064

Blog Coverage Alaska Air and Virgin America Agree to Extend Regulatory Period for Review of Merger by DoJ

LONDON, UK / ACCESSWIRE / September 27, 2016 / Active Wall St. blog coverage looks at the headline from Alaska Air Group, Inc. (NYSE: ALK) and Virgin America Inc. (NASDAQ: VA). Both companies announced on September 26, 2016 that they would not close the merger before October 17, 2016, till they receive a written consent from the Antitrust Division of the United States Department of Justice (DoJ). Register with us now for your free membership and blog access at: http://www.activewallst.com/register/.

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The Merger

Alaska Airlines, a subsidiary of Alaska Air Group, had announced their decision to acquire Virgin Airlines in April 2016 in a deal valued at $4 billion which included a cash component of $2.6 billion. The merger would create the fifth largest airline in the US in terms of capacity and the merged airline would have annual revenue of more than $7 billion. Alaska Airlines would gain access to valuable space at major California airports and lucrative transcontinental routes. It would also give Alaska Airlines a wider network without raising costs as both airlines do not have many overlap in routes that they operate. The Boards of Directors of both airlines had approved the merger and were awaiting clearance from the Antitrust Division of DoJ and had expected the finalization of merger by January 2017. In August 2016, Alaska Air grew its capacity to 10.3% and Virgin America to 16.4%.

The review by Antitrust Division of Department of Justice

The Airlines industry has seen a series of consolidation in the last few years thereby reducing the number of players to just four carriers – Delta, United Continental, Southwest and American – all of whom have control of over 84% of the entire market. Thus the interest of the Antitrust Division of DoJ and the US Department of Transportation in this merger is only natural as it poses a risk to competition. The DoJ had asked for additional information from both companies in May 2016.

DOJ had blocked the US Airways Group’s takeover of American Airlines in 2013. The US Airways-American Airlines merger was later on settled after the airlines had agreed to sell their airport assets to low-cost airlines. This clears the stand that the DoJ is keen to increase competition in the low-cost airline sector. Another major factor keeping the DoJ on its toes is the underhand complicity between airlines over seating capacity, which is a critical factor determining the fares. The DOJ has also been keenly studying the gates or take-off-and-landing rights which it feels should again be promoting low-cost airlines.

Alaska and Virgin Airlines stand on review by Antitrust Division of Department of Justice

Recently representatives of both airlines had met with the Chief of the Antitrust Division as well as other officials to address their concerns. Both airlines are of the opinion that their merger is pro-competition and pro-consumers. Their combined entity would give competition to the “big four” by way of reduced fares and choices to the consumers. Both airlines are confident that they will get the necessary approvals from regulatory authorities and that the DoJ will agree to the merger.

Stock Performance

On Monday, September 26, 2016, Alaska Air Group’s share price finished yesterday’s trading session at $64.60, sliding 1.78%. A total volume of 1.41 million shares exchanged hands. The stock has advanced 16.55% in the last three months. The stock is trading at a PE ratio of 8.96 and has a dividend yield of 1.70%.

Virgin America’s shares were down 1.39%, finishing the day at $53.30 with volume of 1.93 million shares exchanging hands by the close of the trading session. For the last six months, the stock has rallied 40.30%. Furthermore, on a year to date basis, the stock surged 48.01%. Shares of the company have a PE ratio of 7.46.

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.

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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/.

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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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ReleaseID: 446060

Blog Coverage Bats Global on a Revival Spree as CBOE Announces Merger

LONDON, UK / ACCESSWIRE / September 27, 2016 / Active Wall St. blog coverage looks at the headline from CBOE Holdings, Inc. (NASDAQ: CBOE). CBOE Holdings, Inc. and Bats Global Markets, Inc. made a unified announcement on September 26, 2016, under which a definitive agreement has been achieved and has been approved unanimously by the Board of Directors of each company. The deal which is expected to fetch an approximate price of $3.2 billion will be the inception of one unified platform, where technology meets conventional options trading. Register with us now for your free membership and blog access at: http://www.activewallst.com/register/.

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The electronic trading demeanour

This acquisition between two vastly different entities on the basis of their trading practices is an indication that electronic trading is on rise against the conventional open floor trading. In 2013, according to a Wall Street Journal report, a similar deal was executed where Intercontinental Exchange acquired the NYSE as part of an $8.2 billion merger, seemingly aimed at shifting the operational base to electronic trading.

CBOE, which started trading in 1973, owing to its conventional trading practices is quite limited in its scope. This merger would bring the Bats Global worldwide reach to CBOE’s disposal where Bats Europe is the largest pan-European equities exchange by market share and value traded, according to a business insider report.

“The acquisition of Bats is expected to strengthen our position as a global leader in innovative tradable products and services, and is a transformative next step in our growth strategy,” said Edward T. Tilly, CBOE Holdings’ Chief Executive Officer, in the official press release.

CBOE, in the recent years has aimed at expanding its portfolio for a revival of its trading operations. Signs of this development were dominant when it finalised the acquisition of Livevol Inc., which offered market data services and trading analytics platforms. Yet again, this merger brings efficient technology infrastructure, trading venues, and global ETP listings to the portfolio of the largest U.S. options exchange.

Breaking down the merger

This merger, with a net worth of $3.2 billion, will be executed at approximately $32.50 per share in cash and stock according to the official press release. Bats’ stockholders would receive $10 a share in cash and 0.3201 shares of CBOE’s common stock in the deal, which is expected to be executed in 31% cash and 69% stock.

This merger would cut out the necessity for CBOE to perform a technological upgrade, as it plans to build its new portfolio on the technological infrastructure from Bats. According to WSJ, this move would elevate the savings of the unified entity by $50 million annually and within five years; it is expected to generate $65 million in savings.

The deal is still subject to shareholders and regulatory approval, and it is expected to close in the first half of 2017.

Stock Performance

CBOE Holdings’ share price finished yesterday’s trading session at $66.59, tumbling 5.28%. A total volume of 3.24 million shares exchanged hands, which was higher than the 3 months average volume of 414.85 thousand shares. The stock has advanced 5.15% and 2.62% in the last three months and past six months, respectively. Furthermore, since the start of the year, shares of the company has gained 3.73%. The stock is trading at a PE ratio of 25.17 and has a dividend yield of 1.50%.

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.

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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.

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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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ReleaseID: 446062

Post Earnings Coverage as Scholastic’s Topline Boosted by Pottermania

LONDON, UK / ACCESSWIRE / September 27, 2016 / Active Wall St. announces its post-earnings coverage on Scholastic Corporation (NASDAQ: SCHL). The company reported its financial results for the first quarter fiscal 2017 (Q1 FY17) on September 22, 2016. The New York-based company’s revenues surged 48% on y-o-y basis in Q1 FY17. Register with us now for your free membership at: http://www.activewallst.com/register/.

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

Earnings Reviewed

Scholastic’s reported revenues of $282.7 million in Q1 FY17 compared to revenues $191.2 million recorded in Q1 FY16. The revenue growth was led by the Trade division’s sales of Harry Potter and the Cursed Child, Parts One and Two, with sales growth across all the three segments.

The distributor of children’s book recorded net loss of $39.6 million, or $1.15 loss per diluted share, in Q1 FY17 compared to a net loss of $49.4 million, or $1.48 loss per share, in the prior-year’s comparable quarter. Wall Street was expecting the company to report net loss of $1.17 per diluted share. The company generally reports loss in its first quarter earnings, as most of the schools are not open during this time of the year.

Segment-wise

For the quarter ended on August 31, 2016, Children’s Book Publishing and Distribution segment reported revenues of $137.8 million compared to $67.7 million in the year ago period. In Q1 FY17, segment’s trade sales were up by $69.6 million, or 147% y-o-y. The segment reported an operating loss of $36.2 million in Q1 FY17 versus operating loss of $56.0 million in the prior-year’s quarter.

Scholastic Education segment revenues for Q1 FY17 improved 10% y-o-y to $55.2 million from $50.4 reported in Q1 FY16, primarily due to higher sales in classroom books and classroom magazines and was partially offset by lower advertising revenues. Due to increased salary-related costs for expansion of sales force and marketing personal, the segment’s operating loss marginally widened to $4.4 million in Q1 FY17 from $4.3 million in Q1 FY16.

The publisher’s International segment’s revenues grew $16.6 million, or 23%, y-o-y to $89.7 million in Q1 FY17 from $73.1 million in Q1 FY16, primarily due to higher sales of Harry Potter books in Canada and other international markets. For Q1 FY17, the segment reported operating income of $3.9 million compared to an operating loss of $2.7 million in the year ago quarter.

Cash Matters and Balance Sheet

In Q1 FY17, the company used $105.5 million of cash in its operating activities compared to a negative cash flow from operating activities of $291.7 million in Q1 FY16. Free cash use for Q1 FY17 came-in-line with the company’s expectation at $122.4 million compared to free cash use of $303.2 million in Q1 FY16.

As on August 31, 2016, Scholastic had cash and cash equivalents balance of $287.6 million which exceeded net debt of $275.5 million. In the year-ago period, the cash and cash equivalents balance stood at $250.3 million, which was above net debt of $244.6 million.

Dividend

In a separate press release, on September 21, 2016, Scholastic’s Board of Directors announced a quarterly dividend of $0.15 per share on its Class A stock and Common Stock. The dividend will be paid on December 15, 2016, to all the shareholders registered on records as of the close of business on October 31, 2016.

Magic of J.K. Rowling

It is “Pottermania” that has provided the publisher with robust earnings numbers over the years. And, nine years since the last Harry Potter book series was released, the publisher has been looking for a turnaround in its earnings. J.K. Rowling’s Harry Potter series is like a magic wand and it was no surprise that the latest release, “Harry Potter and the Cursed Child”- Parts One and Two would enchant readers. The company is now banking on another original screenplay by J.K. Rowling, “Fantastic Beasts and Where to Find Them”, scheduled to release later this year to boost its year-end earnings.

Outlook

Scholastic reiterated its total revenue guidance of full year FY17 and expects it to lie between $1.7 billion and $1.8 billion. Excluding one timers, the company forecasts earnings from continuing operations for FY17 to be in the range of $1.60 per diluted share to $1.70 per diluted share. Free cash flow for FY17 is anticipated to be the range of $40 million to $50 million.

Stock Performance

Scholastic’s stock is trading slightly down by 1.07%, closing Monday’s session at $38.04 on volume of 106.53 thousand shares. The company’s shares gained 0.94% in the last six months. The company’s shares are trading a PE ratio of 25.36 and have a dividend yield of 1.58%.

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.

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SOURCE: Active Wall Street

ReleaseID: 446059

Research Reports Initiated on Financial Services Stocks Westaim, Grenville Strategic Royalty, Input Capital, and Founders Advantage Capital

LONDON, UK / ACCESSWIRE / September 27, 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 Financial Services sector. Companies recently under review include Westaim, Grenville Strategic Royalty, Input Capital, and Founders Advantage Capital. Get all of our free research reports by signing up at: http://www.activewallst.com/register/.

On Monday, the Toronto Exchange Venture Composite Index was down 0.63%, finishing the day at 805.80.

Moreover, the Financials index was slightly down by 0.61%, ending the session at 253.90.

Active Wall St. has initiated research reports on the following equities: The Westaim Corporation (TSX-V: WED), Grenville Strategic Royalty Corporation (TSX-V: GRC), Input Capital Corporation (TSX-V: INP), and Founders Advantage Capital Corporation (TSX-V: FCF). Register with us now for your free membership and research reports at: http://www.activewallst.com/register/.

The Westaim Corporation (TSX-V: WED)

On Monday, shares in Toronto, Canada based private equity firm The Westaim Corp. recorded a trading volume of 8,930 shares. The stock ended the day 0.37% lower at $2.68. The Westaim Corp.’s stock has fallen by 1.11% in the last one month. However, stock has gained 10.29% in the past three months. Shares of the Company, which specializes in direct and indirect investments through acquisitions, joint ventures, and other arrangements, are trading above its 200-day moving average. The stock’s 50-day moving average of $2.74 is above its 200-day moving average of $2.65. See our research report on WED.V at: http://www.activewallst.com/registration-3/?symbol=WED.

Grenville Strategic Royalty Corp. (TSX-V: GRC)

Vancouver, Canada based royalty-based finance company, Grenville Strategic Royalty Corp.’s stock declined 4.55%, to finish Monday’s session at $0.21 with a total volume of 124,094 shares traded. Shares of Grenville Strategic Royalty, which buys royalty interests in the revenue generated by small and medium sized businesses operating across a range of industry sectors in Canada and the US, are trading below its 50-day and 200-day moving averages. Grenville Strategic Royalty’s 200-day moving average of $0.45 is above its 50-day moving average of $0.29. The complimentary research report on GRC.V at: http://www.activewallst.com/registration-3/?symbol=GRC.

Input Capital Corp. (TSX-V: INP)

Regina, Canada headquartered Input Capital Corp.’s stock fell 4.15%, to close the day at $1.85. The stock recorded a trading volume of 28,291 shares. Input Capital’s shares have advanced 1.09% in the last one month. Shares of the company, which operates as an agricultural commodity streaming company in Canada, are trading below their 50-day and 200-day moving averages. Moreover, the stock’s 50-day moving average of $1.91 is greater than its 200-day moving average of $1.90. The Company’s shares traded at a PE ratio of 264.29. Register for free and access the latest research report on INP.V at: http://www.activewallst.com/registration-3/?symbol=INP.

Founders Advantage Capital Corp. (TSX-V: FCF)

On Monday, shares in Alberta, Canada based Founders Advantage Capital Corp. ended the session 6.97% higher at $3.99 with a total volume of 2,600 shares traded. Founders Advantage Capital’s shares have fallen by 0.25% in the last one month. Shares of the company, which operates as an investment issuer and invests in equity, debt, or other securities of publicly traded companies or middle market privately held entities; and offers financing services in exchange for pre-determined royalties or distributions, are trading above its 50-day and 200-day moving averages. The company’s 50-day moving average of $3.97 is greater than its 200-day moving average of $2.86. Get free access to your research report on FCF.V at: http://www.activewallst.com/registration-3/?symbol=FCF.

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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.

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

SOURCE: Active Wall Street

ReleaseID: 446058