TORONTO, ON / ACCESSWIRE / March 22, 2017 / Canadian Silver Hunter Inc. (TSXV: AGH.H) (“CSH” or the “Company”) (“Canadian Silver”) After several communications with shareholders, Canadian Silver Hunter Inc. would like to clarify some of the recent announcements and events involving Canadian Silver, Cobalt Projects International (“Cobalt Projects”), and First Cobalt Corp (“First Cobalt”).

Canadian Silver Hunter is the 100% owner of the Keeley and Frontier mines.

As announced on January 30, 2017, Canadian Silver granted an “option” (the “Option”) to Cobalt Projects to earn up to 100% in the Keeley and Frontier mines. Cobalt Projects is a privately held Ontario-based mineral exploration company.

On March 16, 2017, First Cobalt announced that it would “acquire” the Keeley Frontier Mines pursuant to a definitive agreement to acquire all of the outstanding share capital of Cobalt Projects, subject to the approval of the TSX Venture.

Through the purchase of all of the outstanding shares of Cobalt Projects, First Cobalt owns Cobalt Projects and First Cobalt is indirectly entitled to the option to earn up to a 100-per-cent interest in Keeley-Frontier on the terms as announced on January 30, 2017:

Canadian Silver Hunter will remain as the 100% owner of the South Lorrain Project until First Cobalt has satisfied the first part of the option, and earned a minimum of 50%.

About Canadian Silver Hunter Inc.

CSH is a Canadian exploration company focused on the exploration of silver-cobalt deposits on its flagship South Lorrain Project (formerly the Keeley Frontier Project). The South Lorrain Project is located within the historic South Lorrain Silver Camp, which along with the historic Cobalt and Gowganda silver camps is part of a world class cobalt-silver district in the Abitibi Greenstone Belt between Temagami and Kirkland Lake, in northeastern Ontario.

For further information please contact:

Canadian Silver Hunter Inc.
Jeffrey Hunter
President and CEO
(416) 707 4230
info@cshi.ca
www.canadiansilverhunter.ca

CAUTIONARY STATEMENT: Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This release includes certain “forward-looking statements”. These statements are based on information currently available to the Company and the Company provides no assurance that actual results will meet management’s expectations. Forward-looking statements include, or may be based upon, estimates, forecasts and statements as to management’s expectations with respect to, among other things, the timing of the Company’s exploration, development and business plans, strategic acquisitions, the focus of the Company in the future, progress in and success of development of the Company’s mineral properties, and the Company’s performance, business prospects and opportunities. Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results relating to, among other things, outcomes of acquisitions or other corporate transactions, exploration or development on the Company’s mineral properties, and the Company’s financial condition and prospects, could differ materially from those currently anticipated in such statements for many reasons such as: changes in general economic conditions and conditions in the financial markets; changes in demand and prices for minerals; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; operational difficulties encountered in connection with the activities of the Company; and other matters discussed in this release. This list is not exhaustive of the factors that may affect any of the Company’s forward-looking statements. These and other factors should be considered carefully, and readers should not place undue reliance on the Company’s forward-looking statements. The Company does not undertake to update any forward-looking statements that may be made from time to time by the Company or on its behalf, except in accordance with applicable securities laws.

SOURCE: Canadian Silver Hunter Inc.

ReleaseID: 457924

LONDON, UK / ACCESSWIRE / March 22, 2017 / 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 Industrials sector. Companies recently under review include Bombardier, WestJet Airlines, Exchange Income, and FLYHT Aerospace Solutions. Get all of our free research reports by signing up at:

http://www.activewallst.com/register/

On Tuesday, March 21, 2017, at the end of trading session, the Toronto Exchange Composite index ended the day at 15,313.13, 0.84% lower, with a total volume of 385,156,253 shares. The TSX Venture Composite Index, on the other hand, closed at 804.36, down 0.90%.

Additionally, the Industrials index was down by 1.24%, ending the session at 205.48.

Active Wall St. has initiated research reports on the following equities: Bombardier Inc. (TSX: BBD-A), WestJet Airlines Ltd. (TSX: WJA), Exchange Income Corporation (TSX: EIF), and FLYHT Aerospace Solutions Ltd. (TSX-V: FLY). Register with us now for your free membership and research reports at:

http://www.activewallst.com/register/

Bombardier Inc.

Montréal, Canada-based Bombardier Inc.’s stock fell 2.27%, to finish Tuesday’s session at $2.15 with a total volume of 62,859 shares traded. Bombardier’s shares have surged 49.31% in the past one year. Shares of the Company, which together with its subsidiaries, manufactures and sells transportation equipment worldwide, are trading below its 50-day and 200-day moving averages. Bombardier’s 50-day moving average of $2.47 is above its 200-day moving average of $2.25. See our research report on BBD-A.TO at:

http://www.activewallst.com/register/

WestJet Airlines Ltd.

On Tuesday, shares in Calgary, Canada-based WestJet Airlines Ltd. recorded a trading volume of 258,779 shares. The stock ended the day 0.80% lower at $22.44. WestJet Airlines’ stock has gained 0.99% in the last one month and 13.62% in the previous one year. The Company’s shares are trading above its 50-day moving average. The stock’s 200-day moving average of $22.47 is above its 50-day moving average of $22.20. Shares of the Company, which provides scheduled airline services and travel packages, are trading at PE ratio of 9.16. The complimentary research report on WJA.TO at:

http://www.activewallst.com/register/

Exchange Income Corp.

On Tuesday, shares in Winnipeg, Canada headquartered Exchange Income Corp. ended the session 1.72% lower at $37.81 with a total volume of 54,903 shares traded. Exchange Income’s shares have gained 39.57% in the past one year. The stock is trading below its 50-day and 200-day moving averages. Further, the stock’s 200-day moving average of $39.13 is greater than its 50-day moving average of $39.00. Shares of Exchange Income, which engages in aerospace and aviation services and equipment, and manufacturing businesses worldwide, are trading at a PE ratio of 17.87. Register for free and access the latest research report on EIF.TO at:

http://www.activewallst.com/register/

FLYHT Aerospace Solutions Ltd.

Calgary, Canada headquartered FLYHT Aerospace Solutions Ltd.’s stock closed the day 1.89% higher at $0.27. The stock recorded a trading volume of 520,470 shares, which was above its three months’ average volume of 472,156 shares. FLYHT Aerospace Solutions’ shares have gained 12.50% in the last three months and 68.75% in the past one year. The Company’s shares are trading above their 200-day moving average. Moreover, the stock’s 50-day moving average of $0.27 is greater than its 200-day moving average of $0.23. Shares of the Company, which designs, develops, and services real-time data communication solutions for the commercial, business, leasing, and military operators worldwide, are trading at a PE ratio of 135.00. Get free access to your research report on FLY.V at:

http://www.activewallst.com/register/

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: 457902

LONDON, UK / ACCESSWIRE / March 22, 2017 / 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 Oil & Gas – E&P industry. Companies recently under review include Gear Energy, Yangarra Resources, Chinook Energy, and Tourmaline Oil. Get all of our free research reports by signing up at:

http://www.activewallst.com/register/

At the close of the Canadian markets on Tuesday, March 21, 2017, the Toronto Exchange Composite index ended the trading session at 15,313.13, 0.84% lower from its previous closing price.

The Energy Index was also in the red, closing the day at 194.83, down 1.55%.

Active Wall St. has initiated research reports on the following equities: Gear Energy Ltd. (TSX: GXE), Yangarra Resources Ltd. (TSX: YGR), Chinook Energy Inc. (TSX: CKE), and Tourmaline Oil Corporation (TSX: TOU). Register with us now for your free membership and research reports at:

http://www.activewallst.com/register/

Gear Energy Ltd.

Calgary, Canada headquartered Gear Energy Ltd.’s stock finished Tuesday’s session flat at $0.81 with a total volume of 318,700 shares traded. Gear Energy’s shares have rallied 72.34% in the past one year. Shares of the Company, which engages in acquiring, exploring, and developing petroleum and natural gas properties and assets in east Central Alberta and west Central Saskatchewan, are trading below its 50-day and 200-day moving averages. Gear Energy’s 50-day moving average of $0.93 is above its 200-day moving average of $0.87. See our research report on GXE.TO at:

http://www.activewallst.com/register/

Yangarra Resources Ltd.

On Tuesday, shares in Calgary, Canada headquartered Yangarra Resources Ltd. recorded a trading volume of 91,663 shares. The stock ended the day 4.15% lower at $2.54. Yangarra Resources’ stock has surged 0.79% in the last one month, 31.61% in the previous three months, and 273.53% in the previous one year. The Company’s shares are trading above its 200-day moving average. The stock’s 50-day moving average of $2.57 is above its 200-day moving average of $1.81. Shares of the Company, which explores, develops, and produces resource properties in Western Canada, are trading at PE ratio of 17.89. The complimentary research report on YGR.TO at:

http://www.activewallst.com/register/

Chinook Energy Inc.

On Tuesday, shares in Calgary, Canada headquartered Chinook Energy Inc. ended the session flat at $0.40 with a total volume of 92,201 shares traded. Shares of the Company, which develops and explores various properties in Canada, are trading below its 50-day and 200-day moving averages. Furthermore, the stock’s 200-day moving average of $0.48 is greater than its 50-day moving average of $0.41. Register for free and access the latest research report on CKE.TO at:

http://www.activewallst.com/register/

Tourmaline Oil Corp.

Calgary, Canada-based Tourmaline Oil Corp.’s stock closed the day 1.26% lower at $28.27. The stock recorded a trading volume of 585,716 shares. Tourmaline Oil’s shares have advanced 3.82% in the previous one year. Shares of the company, which together with its subsidiaries, engages in the acquisition, exploration, development, and production of petroleum and natural gas properties in the Western Canadian Sedimentary Basin, are trading below their 50-day and 200-day moving averages. Moreover, the stock’s 200-day moving average of $33.87 is greater than its 50-day moving average of $29.99. Get free access to your research report on TOU.TO at:

http://www.activewallst.com/register/

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: 457905

Upcoming AWS Coverage on Delek Logistics Partners Post-Earnings Results

LONDON, UK / ACCESSWIRE / March 22, 2017 / Active Wall St. blog coverage looks at the headline from Marathon Oil Corp. (NYSE: MRO) as the company announced on March 21, 2017, that it has acquired approximately 21,000 net surface acres located at Permian’s Northern Delaware basin of New Mexico for approximately $700 million. This is the second acquisition by the Company in the current month and will bring its total acreage at Permian Basin to more than 90,000 net acres. Register with us now for your free membership and blog access at:

http://www.activewallst.com/register/

One of Marathon Oil’s competitors within the Independent Oil & Gas space, Delek Logistics Partners, L.P. (NYSE: DLK), reported on February 27, 2017, its financial results for the fourth quarter 2016. For the three months ended December 31, 2016. AWS will be initiating a research report on Delek Logistics Partners in the coming days.

Today, AWS is promoting its blog coverage on MRO; touching on DLK. Get all of our free blog coverage and more by clicking on the link below:

http://www.activewallst.com/register/

Commenting on the acquisition, Lee Tillman, President and CEO of Marathon Oil said:

“Today’s 21,000 acre bolt-on in the Northern Delaware is an excellent fit with the basin entry acquisition we announced earlier this month. The combined deals provide us more than 90,000 acres in the Permian, over 70,000 of which is concentrated in the Northern Delaware. While we expect to pursue additional trades and grassroots leasing, this bolt-on achieves the scale necessary for efficient long-term development in the basin.”

About the deal and the Acreage at Permian’s Northern Delaware basin

The acreage at Permian’s Northern Delaware basin was acquired from Black Mountain Oil & Gas and a few private sellers. The Company will pay cash consideration of $700 million, excluding the adjustments at the time of closing, for the acreage.

Out of the 21,000 acres, nearly 20,000 net acres is located in the Northern Delaware basin and the primary targets are located at Wolfcamp and Bone Spring. The acreage has up to ten layers of oil soaked rock of which at least six different target layers consists of oil-soaked rock and 5,000 feet of stacked pay. The current production from the area is approximately 400 BOED (barrels of oil equivalent per day). The acreage has a potential of approximately 230 million BOE (barrels of oil equivalent) of risked resource and a total resource potential of approximately 550 million BOE. Out of this risked resource of approximately 440 gross BOE and a total gross resource potential of approximately 950 BOE are in Company operated locations.

The Northern Delaware acreage is one of Marathon Oil’s topmost assets with the highest capital allocation as its high-quality of West Texas Intermediate crude oil, which at $55 per barrel gives an internal rate of return at 90% before-tax.

The deal is expected to close in Q2 2017 with an effective date of March 01, 2017.

Earlier acquisition

On March 09, 2017, Marathon Oil had divested its Canadian subsidiary to Shell and Canadian Natural Resources Limited for a cash transaction valued at $2.5 billion. The Canadian subsidiary’s assets included Marathon Oil’s 20% non-operated interest in the Athabasca Oil Sands Project. Against this, Marathon Oil acquired approximately 70,000 net acres in the Permian basin from BC Operating, Inc. and other private sellers. Marathon Oil paid $1.1 billion in cash, excluding closing adjustments for this acreage. The Permian basin acquisition included 51,500 acres in the Northern Delaware basin which has a current production capacity of around 5,000 net BOED.

Marathon Oil’s combined acreage at the Permian basin after the latest acquisition stands at approximately 91,000 net acres of which 71,500 net acres are in the Northern Delaware basin. The average cost per acre of the two deals after adjusting for existing production is $18,400 per acre for the Permian Basin and $23,400 per acre for the Northern Delaware basin. In the Permian basin, the Company has 580 million BOE of risked resource with 1,070 gross Company-operated locations. The combined acreage has around 1.45 billion BOE of total resource potential with 2,650 total gross Company-operated locations from both tighter density and secondary targets. The Company also expects further upside opportunities from 18,500 net acres located in the Northwest Shelf.

The acreage has one operational rig and Marathon Oil has plans to add two more rigs mid-year.

Stock Performance

Marathon Oil’s share price finished yesterday’s trading session at $15.05, dropping 2.78%. A total volume of 15.35 million shares exchanged hands, which was higher than the 3 months’ average volume of 11.75 million shares. The stock has advanced 7.51% and 33.52% in the last six months and past twelve months, respectively. The stock currently has a market cap of $12.75 billion and has a dividend yield of 1.33%.

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: 457909

LONDON, UK / ACCESSWIRE / March 22, 2017 / 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 Real Estate sector. Companies recently under review include Pure Multi-Family REIT, Pro REIT, TitanStar Properties, and FirstService. Get all of our free research reports by signing up at:

http://www.activewallst.com/register/

On Tuesday, March 21, 2017, the TSX Venture Composite Index was down 0.90%, finishing the day at 804.36. The Toronto Exchange Composite Index, on the other hand, closed at 15,313.13, down 0.84%.

Active Wall St. has initiated research reports on the following equities: Pure Multi-Family REIT L.P. (TSX-V: RUF-UN), Pro Real Estate Investment Trust (TSX-V: PRV-UN), TitanStar Properties Inc. (TSX-V: TSP), and FirstService Corporation (TSX: FSV). Register with us now for your free membership and research reports at:

http://www.activewallst.com/register/

Pure Multi-Family REIT L.P.

Shares of Vancouver, Canada-based Pure Multi-Family REIT L.P., which invests in public equity markets of the US, edged 0.45% higher, to finish Tuesday’s session at $8.94 with a total volume of 30,135 shares traded. The stock’s 50-day moving average of $8.85 is above its 200-day moving average of $8.18. Shares of the Company are trading at PE ratio of 7.88. See our research report on RUF-UN.V at:

http://www.activewallst.com/register/

Pro Real Estate Investment Trust

On Tuesday, shares in Montréal, Canada-based Pro Real Estate Investment Trust recorded a trading volume of 99,991 shares, which was above their three months average volume of 84,776 shares. The stock ended the day 0.48% higher at $2.08. Pro REIT’s stock has gained 1.46% in the last one month and 13.66% in the previous three months. The Company’s shares are trading above its 50-day moving average. The stock’s 200-day moving average of $2.12 is above its 50-day moving average of $2.06. Shares of the Company, which focuses on the acquisition, ownership, and operation of commercial real estate properties primarily in Maritimes, Quebec, and Ontario, Canada, are trading at PE ratio of 17.63. The complimentary research report on PRV-UN.V at:

http://www.activewallst.com/register/

TitanStar Properties Inc.

On Tuesday, shares in Vancouver, Canada-based TitanStar Properties Inc. ended the session flat at $0.04 with a total volume of 150,000 shares traded. TitanStar Properties’ shares have surged 33.33% in the last one month and 60.00% in the previous three months. Furthermore, the stock has rallied 100.00% in the past one year. Shares of the Company, which engages in the ownership of real property interests in the US, are trading above its 50-day moving average of $0.03. Register for free and access the latest research report on TSP.V at:

http://www.activewallst.com/register/

FirstService Corp.

Toronto, Canada headquartered FirstService Corp.’s stock closed the day 0.70% higher at $78.05. The stock recorded a trading volume of 51,840 shares, which was above its three months average volume of 43,616 shares. FirstService’s shares have gained 5.42% in the last one month and 25.30% in the past three months. Furthermore, the stock has surged 47.21% 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 $72.63 is greater than its 200-day moving average of $63.44. Shares of the Company, which provides property services to residential and commercial customers in the US and Canada, are trading at a PE ratio of 84.84. Get free access to your research report on FSV.TO at:

http://www.activewallst.com/register/

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: 457904

Upcoming AWS Coverage on US Foods Holding Post-Earnings Results

LONDON, UK / ACCESSWIRE / March 22, 2017 / Active Wall St. announces its post-earnings coverage on United Natural Foods, Inc. (NASDAQ: UNFI). The Company announced its second quarter fiscal 2017 financial results on March 08, 2017. The organic and specialty foods distributor’s earnings numbers met market expectations. Register with us now for your free membership at:

http://www.activewallst.com/register/

One of United Natural Foods’ competitors within the Food Wholesale space, US Foods Holding Corp. (NYSE: USFD), reported on February 15, 2017, its financial results for Q4 2016 and FY16. AWS will be initiating a research report on US Foods Holding in the coming days.

Today, AWS is promoting its earnings coverage on UNFI; touching on USFD. Get our free coverage by signing up to:

http://www.activewallst.com/register/

Earnings Reviewed

For the three months ended January 28, 2017, United Natural Foods reported net sales of $2.29 billion, up 11.6%, or $237.8 million, from $2.05 billion in Q2 FY16. The Company’s net sales were positively impacted by the acquisitions of Haddon House Food Products, Inc., Global Organic/Specialty Source, Inc., Nor-Cal Produce, Inc., and Gourmet Guru, Inc. United Natural Foods’ net sales were impacted by deflation of approximately 0.30% in the reported quarter, compared with inflation of approximately 2.15% in the year earlier same quarter. The Company’s reported numbers came in below analysts’ consensus of $2.34 billion.

United Natural Foods’ gross margin for Q2 FY17 totaled 15.09%, a 56 basis point increase on a y-o-y basis, primarily driven by acquisitions and margin improvement initiatives, which was partially offset by competitive pricing pressure. The Company’s operating income increased 11.0% to $46.3 million for Q2 FY17 compared to $41.7 million for Q2 FY16. EBITDA for the reported quarter was $67.5 million, an increase of 16.7% from $57.8 million in the same period last year. EBITDA as a percentage of net sales was 2.95% in Q2 FY17, up 13 basis points from 2.82% for the same period last year.

From a channel perspective, United Natural Foods’ super natural’s net sales were up approximately 3.5% on a y-o-y basis and represented 34.2% of total net sales, which was a 270-basis-point reduction in net sales concentration versus Q2 FY16. Supermarket channel net sales increased 26.2% in Q2 FY17 versus Q2 FY16 and landed at 29.1% of total net sales. Supermarkets concentration was up 336 basis points versus 25.8% in the year ago comparable period.

The independent channel grew 9.6% on a y-o-y basis, and represented 26.4% of total net sales in Q2 FY17. Lastly, food service net sales were up 5.1% on a y-o-y basis, and ecommerce increased approximately 15.4% compared to the prior year’s corresponding period.

United Natural Foods’ net income for Q2 FY17 increased 12.3% to $25.5 million from $22.7 million for Q2 FY16. Earnings per diluted share for the reported quarter increased 11.5% to $0.50 per diluted share compared to $0.45 per diluted share for Q2 FY16. The Company’s net income as a percentage of net sales for Q2 FY17 was 1.11%, which is flat compared to the same period last year. The Company’s earnings numbers met Wall Street’s estimates of $0.50 per share.

Cash Flow & Balance Sheet

United Natural Foods’ cash flow from operations was $104.2 million and capital expenditures were $13.5 million, resulting in free cash flow of $90.7 million for Q2 FY17. Cash flow from operations was $119.1 million and capital expenditures were $12.9 million, resulting in free cash flow of $106.2 million for Q2 FY16. The Company’s reported quarter free cash flow represented its second highest quarter in its history. As a result of the Q2 FY17 free cash flow, United Natural Foods’ raised its guidance for the year.

Total working capital at the end of Q2 FY17 was $1 billion, up 4.2% on a y-o-y basis. The working capital favorability was due to targeted initiatives that improved days of inventory outstanding, days sales outstanding, and days payables outstanding. United Natural Foods’ debt to EBITDA leverage at the end of Q2 FY17 was 1.82 times. Leverage was down from 1.99 times at the end of Q1 FY17, driven primarily by the working capital improvements.

Restructuring Announcement

In H2 FY17, United Natural Foods’ expects to incur restructuring charges of between $3.5 million and $4.0 million, before taxes, primarily related to expenses for severance and other employee separation costs. In connection with the initiative, the Company estimates the elimination or relocation of approximately 265 positions under a plan that will be largely completed in Q3 FY17, with certain shared service related transitions extending into Q2 FY18.

Fiscal 2017 Guidance

For the fiscal year ending July 29, 2017, United Natural Foods’ estimates net sales in the range of approximately $9.38 billion to $9.46 billion, an increase of approximately 10.7% to 11.7% on a y-o-y basis. The Company estimates GAAP earnings per diluted share for FY17 in the range of $2.49 to $2.54 compared to FY16 GAAP earnings per diluted share of $2.50. Adjusting for costs related to the aforementioned restructuring plan of approximately $3.5 million to $4.0 million, before taxes, adjusted earnings per diluted share for FY17 is estimated to be in the range of approximately $2.53 to $2.58. Capital expenditures for FY17 are expected to be approximately 0.5% to 0.6% of estimated FY17 net sales.

Stock Performance

At the close of trading session on Tuesday, March 21, 2017, United Natural Foods’ stock price slipped 1.54% to end the day at $42.93. A total volume of 401.72 thousand shares were exchanged during the session. The Company’s share price has gained 1.61% in the past twelve months. The stock currently has a market cap of $2.17 billion and has a PE ratio of 17.00.

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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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: 457907

Upcoming AWS Coverage on Francesca’s Holdings Post-Earnings Results

LONDON, UK / ACCESSWIRE / March 22, 2017 / Active Wall St. announces its post-earnings coverage on The Children’s Place, Inc. (NASDAQ: PLCE). The Company posted its fourth quarter and fiscal 2016 financial results on March 07, 2017. The specialty retailer of children’s apparel shattered top- and bottom-line expectations. Register with us now for your free membership at:

http://www.activewallst.com/register/

One of The Children’s Place’s competitors within the Apparel Stores space, Francesca’s Holdings Corp. (NASDAQ: FRAN), reported its Q4 2016 and FY16 financial results on Tuesday, March 21, 2017. AWS will be initiating a research report on Francesca’s in the coming days.

Today, AWS is promoting its earnings coverage on PLCE; touching on FRAN. Get our free coverage by signing up to:

http://www.activewallst.com/register/

Earnings Reviewed

For the three months ended January 28, 2017, Children’s Place’s net sales increased 4.5% to $520.8 million. The Company’s comparable retail sales increased 6.9% in Q4 FY16. Children’s place’ revenue numbers surpassed analysts’ consensus of $512 million.

For FY16, Children’s Place generated gross profit of $187.9 million compared to $177.5 million in Q4 FY15. The Company’s adjusted gross profit was $187.9 million in the reported quarter compared to $177.3 million last year. Children’s Place operating income for Q4 FY16 was $48.7 million compared to $29.3 million in Q4 FY15. The Company’s adjusted operating income in the reported quarter totaled $50.0 million compared to an adjusted operating income of $33.5 million in the year earlier comparable quarter.

For Q4 FY16, Children’s Place posted net income of $34.2 million, or $1.86 per diluted share, compared to net income of $17.5 million, or $0.87 per diluted share in Q4 FY15, an increase of 114%. The Company’s adjusted net income for the reported quarter totaled $34.6 million, or $1.88 per diluted share, compared to adjusted net income of $24.1 million, or $1.19 per diluted share, in the prior year’s same quarter; posting a 58% increase. The earnings results also smashed past Wall Street’s expectations of $1.58 per share.

FY16 Results

Children’s Place net sales increased 3.4% to $1.79 billion in FY16; including the negative impact of approximately $2.9 million from currency exchange rate fluctuations. On a constant currency basis, the Company’s net sales were $1.79 billion, a 3.6% increase compared to net sales of $1.73 billion in the prior year. Comparable retail sales increased 4.9% in FY16.

Children’s Place’s net income for FY16 was $102.3 million, or $5.40 per diluted share, compared to net income of $57.9 million, or $2.80 per diluted share, in FY15. The Company’s adjusted net income was $103.0 million, or $5.43 per diluted share, inclusive of a negative ($0.03) impact due to foreign exchange compared to $74.6 million, or $3.60 per diluted share, an increase of 51% compared to the previous year.

Children’s Place generated gross profit of $671.6 million in FY16 compared to $625.1 million in FY15. The Company’s adjusted gross profit was $671.5 million. Children’s Place operating income was $147.4 million compared to operating income of $90.1 million in FY15. The Company’s adjusted operating income was $151.7 million, or 8.5% of net sales, for FY16 compared to $110.8 million, or 6.4% of net sales, in FY15.

Store Openings and Closures

For Q4 FY16, Children’s Place closed 22 stores and did not open any stores during that period. The Company ended FY16 with 1,039 stores and square footage of 4.868 million, a decrease of 2.4% compared to the prior year. Since 2013, when the Company announced fleet optimization initiative, it has closed 142 stores. Children’s Place announced that it is now extending its fleet optimization initiative from a target of 200 closures by the end of 2017 to a minimum of 300 closures by 2020. Children’s Place’ international franchise partners opened 10 points of distribution in Q4 FY16, and the Company ended FY16 with 150 international points of distribution open and operated by its 6 franchise partners in 17 countries.

Capital Return Program

During Q4 FY16, Children’s Place returned approximately $43 million to shareholders through the repurchase of 396,600 shares and its quarterly dividend payment of $0.20 per share. In FY16, the Company returned approximately $166 million to shareholders compared to approximately $131 million in FY15. Since 2009, the Company has returned over $790 million to its investors through share repurchases and dividends. At the end of FY16, approximately $120 million remained available for future share repurchases under the Company’s existing share repurchase program.

Additionally, in March 2017, the Company’s Board of Directors authorized a new $250 million share repurchase program and increased the quarterly dividend by 100% from $0.20 per share to $0.40 per share. The dividend for Q1 FY17 is payable on May 01, 2017 to shareholders of record at the close of business on April 10, 2017.

Outlook

For FY17, the Company expects net income per diluted share will be in the range of $6.50 to $6.65, inclusive of a $0.45 benefit resulting from new accounting rules for the income tax impact on share-based compensation. This compared to adjusted net income per diluted share of $5.43 in FY16. The Company expects net income per diluted share in Q1 FY17 will be between $1.53 and $1.63 compared to adjusted net income per diluted share of $1.32 in Q1 FY16.

Stock Performance

On Tuesday, March 21, 2017, the stock closed the trading session at $113.95, falling 1.89% from its previous closing price of $116.15. A total volume of 561.68 thousand shares have exchanged hands, which was higher than the 3-month average volume of 492.33 thousand shares. The Children’s Place’s stock price surged 13.67% in the last month, 36.49% in the past six months, and 42.76% in the previous twelve months. Furthermore, since the start of the year, shares of the Company have rallied 12.88%. The stock is trading at a PE ratio of 20.95 and has a dividend yield of 0.88%.

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: 457906

Upcoming AWS Coverage on PPG Industries

LONDON, UK / ACCESSWIRE / March 22, 2017 / Active Wall St. announces its post-earnings coverage on The Valspar Corp. (NYSE: VAL). The Company disclosed its financial results for the first quarter fiscal 2017 on March 08, 2017. In light of the pending acquisition by The Sherwin-Williams Company, as announced on March 20, 2016, Valspar did not hold a conference call to discuss its financial results. Register with us now for your free membership at:

http://www.activewallst.com/register/

One of The Valspar’s competitors within the Specialty Chemicals space, PPG Industries, Inc. (NYSE: PPG), is estimated to report earnings on April 20, 2017. AWS will be initiating a research report on PPG Industries following the release of its next earnings results.

Today, AWS is promoting its earnings coverage on VAL; touching on PPG. Get our free coverage by signing up to:

http://www.activewallst.com/register/

Earnings Reviewed

For the quarter ended January 27, 2017, Valspar’s net sales increased 2.5% to $907.65 million compared to net sales of $885.76 million in Q1 FY16, including a negative impact of 1.9% from foreign currency exchange. Excluding foreign currency exchange, the increase was driven by higher sales in the Company’s coil, wood, and consumer paints product lines, which was partially offset by lower sales in our automotive refinish product line.

Valspar’s gross profit as a percent of net sales declined to 34.2% in Q1 FY17 from 36.0% driven by unfavorable cost/price comparison and a change in mix, which was partially offset by productivity savings. The Company’s consolidated EBIT for the reported quarter dropped $17,826, or 19.1%, from the prior year.

For Q1 FY17, Valspar’s net income as a percent of net sales decreased to 4.5% from 5.9%. Foreign currency translation had a $16,500 negative impact on its net sales during the reported quarter. For Q1 FY17, Valspar delivered earnings of $40.75 million, or $0.50 per share, down 22% from $52.43 million, or $0.65 per share, recorded in Q1 FY16. The Company’s adjusted earnings came in at $0.52 per share in Q1 FY17 missing market estimates of $0.74 per share.

Segment Results

Valspar’s Coatings segment’s net sales for Q1 FY17 increased 4.0% on a y-o-y basis, including a negative impact of 2.2% from foreign currency exchange. Excluding foreign currency exchange, the increase was driven by higher sales in our coil and wood product lines. Coatings segment’s EBIT as a percent of net sales declined 2.5% for the reported quarter compared to the prior year’s same period.

Valspar’s Paints segment’s net sales for Q1 FY17 increased 0.1% on a y-o-y basis, including a negative impact of 1.3% from foreign currency exchange. Excluding foreign currency exchange, the increase was driven primarily by North America, which was partially offset by lower sales in our consumer paints product-line in China, global automotive refinish product-line, and consumer paints product-line in Australia. Paints segment’s EBIT as a percent of net sales for the reported quarter was unchanged compared to the prior year’s comparable period as productivity and lower operating expenses were offset by unfavorable cost/price comparison.

Cash Flow

Cash flow from operations declined by $37,638 in Q1 FY17 compared to Q1 FY16 to a cash use of $17,149 from a cash source of $20,489. This was driven by higher collection of accounts receivable in FY16 due to the timing of Q4 2015 sales and larger incentive compensation payments in Q1 FY17 offset by an increase in accounts payable due to the timing of purchases.

Cash flow from investing activities declined by $10,424 in Q1 FY17 compared to Q1 FY16 to a use of cash of $33,562 from a use of cash of $23,138. This was primarily driven by cash proceeds received from an asset disposal in FY16 and increased property, plant, and equipment expenditures in FY17.

Debt and Capital Resources

Valspar’s current debt as of January 27, 2017, was $286,669 compared to $338,301 at January 29, 2016; this includes $150,107 of long-term debt classified as short-term debt at January 27, 2017 and October 28, 2016. Total debt was $1,829,971 at January 27, 2017, compared to $2,031,420 at January 29, 2016. The ratio of total debt to capital was 63.1% at January 27, 2017, compared to 70.4% at January 29, 2016. The Company maintains a $750,000 unsecured committed revolving credit facility with a syndicate of banks with a maturity date of December 14, 2018.

Valspar stated that it has an option to increase this credit facility to $1,000,000. This facility has covenants that require us to maintain certain financial ratios. As of January 27, 2017, Valspar had total committed liquidity of $775,589, comprised of $153,680 in cash and cash equivalents and $621,909 in unused committed bank credit facilities compared to $862,331 of total committed liquidity as of October 28, 2016.

Repurchases

On November 21, 2014, Valspar’s Board of Directors approved a share repurchase program, with no expiration date, authorizing it to purchase up to $1,500,000 of outstanding shares of common stock. During the reported quarter, the Company did not repurchase any shares. As of January 27, 2017, $1,175,630 remained available for purchase under its repurchase authorization.

Extension of Merger Agreement

On March 21, 2017, The Sherwin-Williams Company and Valspar announced that they have extended the termination date of the definitive agreement under which Sherwin-Williams will acquire Valspar for $113 per share in an all-cash transaction, from March 21, 2017, to June 21, 2017.

Stock Performance

On Tuesday, March 21, 2017, the stock closed the trading session at $110.81, slightly down 0.62% from its previous closing price of $111.50. A total volume of 1.49 million shares have exchanged hands, which was higher than the 3-month average volume of 420.63 thousand shares. The Valspar’s stock price advanced 6.37% in the last three months, 5.33% in the past six months, and 8.77% in the previous twelve months. Furthermore, since the start of the year, shares of the Company have gained 7.31%. The stock is trading at a PE ratio of 26.35 and has a dividend yield of 1.34%.

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: 457923

Upcoming AWS Coverage on Atlassian Corp.

LONDON, UK / ACCESSWIRE / March 22, 2017 / Active Wall St. blog coverage looks at the headline from Accenture PLC (NYSE: ACN) as the Company announced on March 21, 2017, that it has completed the acquisition of OCTO Technology, a firm specializing in digital transformation services and software development. This statement is pursuant to the previously announced acquisition of the Company on September 15, 2016. The agreement was initially structured as the purchase of a 47.4% shareholding in OCTO Technology. Register with us now for your free membership and blog access at:

http://www.activewallst.com/register/

One of Accenture’s competitors within the Information Technology Services space, Atlassian Corp. PLC (NASDAQ: TEAM), is estimated to report earnings on May 04, 2017. AWS will be initiating a research report on Atlassian following the release of its earnings results.

Today, AWS is promoting its blog coverage on ACN; touching on TEAM. Get all of our free blog coverage and more by clicking on the link below:

http://www.activewallst.com/register/

Breaking down the Agreement

This agreement is set to deliver deep industry experience and the global scale of Accenture Digital to OCTO’s clients. OCTO currently operates across France, Morocco, Switzerland, Brazil, and Australia through its nearly 380 employees. OCTO will offer technology expertise to Accenture Digital in data science and mobile applications where the Company plans to leverage the infrastructure from OCTO to create and deliver digital solutions tailored for the clients. Additionally, OCTO will enable Accenture Digital to provide solutions and help clients to identify, test and adopt new business models for emerging ventures.

The 47.4% Acquisition

Initially, Accenture acquired 47.4% shares of OCTO Technology’s share capital on a fully diluted basis on November 25, 2016. Accenture purchased 1.94 million equity warrants representing 64.1% of existing equity warrants. Accenture completed the acquisition through an indirect purchase of 1.96 million shares and 1.94 million equity warrants from OCTO, and 238.52 thousand shares from Financiere Arbevel, at €22.50 per share and €1.7222 per equity warrant, in private transactions. Accenture viewed complementary prospects and a greater potential to deliver greatest possible results for clients in France.

Accenture Digital

OCTO, post this acquisition will become a part of Accenture Digital, hence expanding Accenture’s digital service offering in France. Accenture Digital comprises of Accenture Analytics, Accenture Interactive and Accenture Mobility, and offers a comprehensive portfolio of technology and business services across segments of mobility, analytics and digital marketing. Accenture Digital develops strategies and implements digital technologies to run digital processes. Accenture helps clients leverage connected and mobile devices and extract insights from data using analytics. Here, OCTO Technology’s expertise will help Accenture Digital expand into the respective geographies.

Currently, Accenture serves clients in more than 120 countries with approximately 384,000-strong workforce.

Accenture’s Growth Portfolio

Accenture has been executing a multi-segment growth strategy through inorganic expansion. It acquired Focus Group Europe, a UK-based, privately owned ServiceNow consulting service provider and software reseller, on March 21, 2017. This acquisition added the Cloud First approach to Accenture’s portfolio and help clients generate maximum output of their cloud investments. This acquisition is the latest in the series of significant investments made by the Company in the cloud business. Focus Group is now a part of Accenture global ServiceNow practice while adding 70 professionals with about 75 ServiceNow certifications to the team. This acquisition is a part of the Company’s approach to strengthen its presence as a leading provider of ServiceNow services and cloud implementations globally.

Prior to this acquisition, Accenture announced an expanded global alliance with Docker on March 15, 2017. With the Accenture Cloud Factory, the alliance aimed at providing industrialized solutions for enterprises to accelerate the transformation to the cloud. This alliance will enable both Companies to collaborate and develop migration accelerators and best practices for enterprise clients to adopt container services. This cloud-expansion move was a step towards achieving multi-cloud CaaS solutions and leveraging Docker Datacenter to provide enterprises with the latest technologies.

Stock Performance

At the close of trading session on Tuesday, March 21, 2017, Accenture’s share price finished yesterday’s trading session at $124.64, rising slightly by 0.20%. A total volume of 3.22 million shares exchanged hands, which was higher than the 3 months average volume of 2.31 million shares. The stock has rallied 13.97% and 17.57% in the last six months and past twelve months, respectively. Furthermore, since the start of the year, shares of the Company have gained 6.41%. The stock is trading at a PE ratio of 18.45 and has a dividend yield of 1.94%.

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