VANCOUVER, BC / ACCESSWIRE / March 20, 2017 / Lomiko Metals Inc. (“Lomiko”) (TSXV: LMR) (OTCQB: LMRMF) (OTCQB: LMRMD) (FSE: DH8C) (FSE: DH8B) Lomiko Metals Inc. has signed an agreement with engineering partners MegaHertz Power Systems Ltd. and SHD Smart Home Devices Ltd. (SHD) to accelerate the launch of the USB Spider Charger. SHD is a company jointly launched by Lomiko and MegaHertz February 16, 2016, focused on Internet of Things (IoT) devices. SHD will develop, contract manufacture, distribute and sell Spider Chargers and related devices. Under the existing agreements, Lomiko and MegaHertz have been working on completing safety certification for Power Converter for LED lighting systems, the USB Spider Charger devices and coordinating partnerships with manufacturers located in China, India and Canada.

“SHD has an incredible opportunity to participate in a burgeoning IoT and Smart Device market.”, stated A. Paul Gill, CEO., “Major companies such as Leviton, Legrand, Pass and Seymour and others have recognized this new market and have launched similar devices.”

There are currently 130 million established households in North America and a healthy seasonally adjusted annualized rate of 1.3 million housing starts. In addition, offices, hotels and coffee shops are also potential markets for USB charging devices. If only one or two USB charging devices are installed in new homes and retro-fitted into current homes undergoing renovations, there will be a healthy demand for these IoT products. SHD plans to enter into negotiations with IoT distributors to sell the Spider Charger and other related devices in North American markets. Lomiko will share its network of industry connections to help grow the venture and then enjoy the SHD equity multiplier without being burdened with any engineering, new product development, IP or associated marketing costs as the Spider Charger and SHD suite of IoT products are rolled out.

Lomiko will contribute to SHD any and all R&D, trademarks, its e-commerce website, contacts and intellectual property (“Lomiko Assets”) created under it’s previous license agreements with MegaHertz Power Systems Ltd. The parties have mutually agreed to transfer the existing license agreements to SHD, focus the development of IoT products and business under SHD Smart Home Devices, and target the development of a revenue stream and Initial Public Offering (IPO) for SHD.

Lomiko Metals Inc. already controls 778,890 shares (12.97%) of SHD based on the February 16, 2016 agreement. Now, SHD will recognize the Lomiko Assets at a gross conditional value of $474,633 Cdn and issue to Lomiko Six Hundred Fifty-Nine Thousand Two Hundred and Thirteen (659,213) new common shares of SHD, valued at seventy-two cents ($0.72) per share, in lieu of cash payment for the Lomiko Assets. Further, Lomiko shall either pay to SHD $ 150,000 Cdn or issue to SHD Six Hundred Thousand (600,000) shares of Lomiko common stock within 60 days from the signing of this agreement to receive an additional 208,333 shares of SHD common stock at the price of seventy-two cents ($0.72) per share and own 19.71% of SHD. Also, SHD shall assume all past, current and future obligations of Lomiko to MegaHertz under the License Agreements and the Addendum thereto, and MegaHertz agrees to accept the assumption by SHD of any and all such obligations of Lomiko to MegaHertz.

To view an enhanced version of Side View of Spider Charger Showing USB Ports, please visit:
https://www.accesswire.com/uploads/lomiko32017.jpg

The agreement is subject to TSX Venture approval.

For more information on Lomiko Metals, review the website at www.lomiko.com, contact A. Paul Gill at 604-729-5312 or email: info@lomiko.com.

On Behalf of the Board

“A. Paul Gill”

Chief Executive Officer
We seek safe harbor.

Neither 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.

SOURCE: Lomiko Metals Inc.

ReleaseID: 457700

NEW YORK, NY / ACCESSWIRE / March 20, 2017 / Levi & Korsinsky announces it has commenced an investigation of Arconic Inc. (NYSE: ARNC) concerning possible breaches of fiduciary duty. To obtain additional information, go to:

http://zlk.9nl.com/arconic-arnc

or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you.

Levi & Korsinsky is a national firm with offices in New York, Connecticut, California, and Washington D.C. The firm’s attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities lawsuits and have recovered hundreds of millions of dollars for aggrieved shareholders. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.

Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street – 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com

SOURCE: Levi & Korsinsky, LLP

ReleaseID: 457702

Upcoming AWS Coverage on Children’s Place Post-Earnings Results

LONDON, UK / ACCESSWIRE / March 20, 2017 / Active Wall St. announces its post-earnings coverage on Ascena Retail Group, Inc. (NASDAQ: ASNA). The Company announced its second quarter fiscal 2017 results on March 06, 2017. The Company that owns Ann Taylor, Dress Barn, and Lane Bryant reported sales numbers that met market estimates. Register with us now for your free membership at:

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

One of Ascena Retail Group’s competitors within the Apparel Stores space, The Children’s Place, Inc. (NASDAQ: PLCE), reported on March 08, 2017, its financial results for the thirteen weeks and full year ended January 28, 2017. AWS will be initiating a research report on Children’s Place in the coming days.

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

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

Earnings Reviewed

For the quarter ended January 28, 2017, Ascena’s net sales were $1.75 billion compared to $1.84 billion in the year-ago comparable period. Comp sales were down 4%, outpacing store traffic which was down 8%. The Company’s negative comp performance reflects a 5% decline in store transactions and a 2% decline in average dollar sale, which was partially offset by double-digit growth in direct transactions. Direct penetration represented 23% of total sales for the reported quarter versus roughly 20% in the year earlier same period. The Company’s revenue numbers met analysts’ consensus of $1.75 billion.

For Q2 FY17, Ascena’s gross margin on a GAAP basis decreased to $946 million, or 54.1% of sales, compared to $968 million, or 52.6% of sales in the year ago corresponding quarter. The prior year’s gross margin included an unfavorable, non-cash purchase accounting adjustment of approximately $23 million associated with the write-up of ANN’s inventory to fair market value, which negatively impacted gross margin rate by approximately 120 basis points. The remainder of the increase in margin rate reflects increases at the Company’s Premium Fashion and Plus Fashion segments, which resulted from improved inventory productivity, promotional offer refinement, realization of ANN’s deal synergies, and product cost favorability resulting from the cost of goods sold initiative at its Premium Fashion segment.

Ascena’s buying, distribution, and occupancy (“BD&O”) expenses on a GAAP basis for Q2 FY17 were $320 million, or 18.3% of sales, compared to $330 million, or 17.9% of sales, in Q2 FY16. BD&O expenses as a percent of net sales de-levered as occupancy cost reductions from ongoing fleet optimization and synergy savings achieved in the reported quarter were more than offset by the impact of declining comparable sales volume.

Ascena incurred an operating loss on a GAAP basis of $45 million, or 2.6% of sales, for Q2 FY17 compared to an operating loss of $17 million, or 0.9% of sales, in Q2 FY16. The higher operating loss in the current year primarily reflects the decline in gross margin dollars at the Company’s Value Fashion and Kids Fashion segments.

For Q2 FY17, Ascena reported a net loss of $35 million, or $0.18 per diluted share, compared to a net loss of $23 million last year, or $0.12 per diluted share. Adjusted for one-time gain and costs, the Company reported loss of $0.07 per share, which was better than the market estimates for a loss of $0.10 per share.

Balance Sheet Highlights

Ascena ended Q2 FY17 with cash and cash equivalents of $300 million; of this amount, approximately $228 million was held outside of the US. The Company ended the reported quarter with inventory of $676 million, up 2% from $660 million at the end of the year ago period and included approximately $20 million in early receipts related to a shift in timing of the Chinese New Year holiday compared to the year ago same period. Ascena’s Capital expenditures totaled $48 million in the second quarter of FY17. The Company ended Q2 FY17 with total debt of $1.597 billion, which represents the remaining balance on its $1.8 billion term loan used to acquire ANN.

Outlook

Excluding restructuring, acquisition, and integration related expenses, and non-cash ANN purchase accounting adjustments, Ascena expects non-GAAP EPS of $0.07 to $0.12 during Q3 FY17 and continues to expect full year FY17 non-GAAP EPS in the range of $0.37 to $0.42.

Stock Performance

At the close of trading session on Friday, March 17, 2017, Ascena Retail Group’s stock finished the day flat at $4.17. A total volume of 5.46 million shares were exchanged during the session, which was above the 3-month average volume of 3.50 million shares. Shares of the company have a PE ratio of 101.71. The stock currently has a market cap of $812.90 million.

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: 457684

Upcoming AWS Coverage on Athene Holding Post-Earnings Results

LONDON, UK / ACCESSWIRE / March 20, 2017 / Active Wall St. blog coverage looks at the headline from KKR & Co. L.P. (NYSE: KKR) as the Company and Caisse de Depot et Placement du Quebec (CDPQ) announced collectively on March 17, 2017, the joint acquisition of USI Insurance Services (USI), a leading US insurance brokerage and consulting firm. Under an equal partnership, KKR and CDPQ will acquire USI from Onex Corporation and its affiliates at approximately $4.3 billion. Register with us now for your free membership and blog access at:

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

One of KKR & Co.’s competitors within the Asset Management space, Athene Holding Ltd. (NYSE: ATH), released its financial results for Q4 and full year 2016 after the market close on Wednesday, March 15, 2017. AWS will be initiating a research report on Athene Holding in the coming days.

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

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

Breaking down the Agreement

KKR and CDPQ are set to acquire USI which operates through more than 4,400 professionals, out of 140 local offices throughout the US. USI has a diverse portfolio where it delivers property and casualty, employee benefits, retirement, and personal risk solutions. Headquartered at Valhalla, New York, USI reported net revenues of $1.0 billion for FY16. Leveraging the USI One Advantage, an interactive platform, the Company has established itself as the leading insurance brokerage and consulting firm.

Onex, Canada’s largest buyout firm, agreed to buy USI from a fund run by Goldman Sachs Group Inc. (NYSE: GS) in 2012, in a transaction valued at $2.3 billion. USI has since made 30 acquisitions to increase its network across the US Onex and partners made an initial $610 million equity investment in the deal.

The Partnership

KKR and CDPQ will collectively fund this transaction through a private equity partnership which includes funds from KKR’s balance sheet and CDPQ’s capital pool. This partnership is designed to pursue attractive investment opportunities in high-quality businesses with a longer duration and relatively lower risk profile, at times, with lower returns, to build strong management teams and facilitate long-term strategic business building. KKR and CDPQ outbid others including buyout firms Carlyle Group L.P. and CVC Capital Partners to acquires USI.

Expansion Strategy

This new partnership of the KKR with CDPQ to make longer-hold, minimum leverage investments, reflects a wave of similar strategies by its competitors to seek benefits from holdings that generate stable cash flow with a steady growth rate. Blackstone (NYSE: BX) announced its first such deal on January 04, 2017, where it acquired the leading music rights organization SESAC, while Carlyle and CVC also plan to make core private equity investments.

According to Roland Lescure, CDPQ’s Chief Investment Officer, insurance is a defensive sector and generates a lot of cash while it is relatively resilient to economic slowdowns and recessions. KKR views multiple growth synergies under this agreement and owing to its extensive expertise in the insurance and benefits brokerage industry, coupled with USI, it aims to generate compelling returns while growing the business in the long-term.

KKR’s Growth Portfolio

This joint acquisition of USI comes on the heels of the news where KKR announced on March 06, 2017, the final closing of KKR Americas XII Fund, a $13.9 billion fund focused on opportunistic investments in private equity-related transactions primarily in the United States, Canada, and Mexico. KKR will initially invest approximately $1.4 billion in capital alongside investors through the Company’s balance sheet and employee commitments.

On January 05, 2017, Cereve Inc., a privately-held health care Company viewing the launch of its FDA-cleared insomnia device, announced the closing of a $38 million Series B round of financing led by KKR. This investment by KKR was a step towards growth under its healthcare growth equity strategy where the Company aspires to be a unique partner in helping these firms reach scale and generate greater value to the shareholders.

The transaction is expected to close by the end of Q2 FY17 and is subject to customary closing conditions including regulatory approvals.

Stock Performance

On Friday, March 17, 2017, the stock closed the trading session at $18.16, slipping 1.04% from its previous closing price of $18.35. A total volume of 2.73 million shares have exchanged hands. KKR & Co.’s stock price surged 10.90% in the last three months, 25.73% in the past six months, and 26.13% in the previous twelve months. Furthermore, since the start of the year, shares of the Company have gained 19.05%. The stock is trading at a PE ratio of 33.08 and has a dividend yield of 3.52%.

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: 457697

Upcoming AWS Coverage on Eastman Kodak Post-Earnings Results

LONDON, UK / ACCESSWIRE / March 20, 2017 / Active Wall St. blog coverage looks at the headline from Apple Inc. (NASDAQ: AAPL) as the Company announced in Beijing on March 17, 2017, that it will set up two Research and Development (R&D) Centers, one at Shanghai and the other at Suzhou. This is in addition to the Company’s existing R&D center at Beijing and a planned one at Shenzhen. Register with us now for your free membership and blog access at:

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

One of Apple’s competitors within the Electronic Equipment space, Eastman Kodak Co. (NYSE: KODK), reported on March 07, 2017, financial results for the fourth quarter and full year 2016. AWS will be initiating a research report on Eastman Kodak in the coming days.

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

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

Commenting on the development Dan Riccio, Apple’s Senior Vice President of Hardware Engineering said:

“We are looking forward to working with more local partners and academic institutions through the expansion of R&D centers in China. We are honoured to have access to excellent talent and a positive entrepreneurial spirit in the region, where our developers and suppliers will be working together.”

The R&D Centers

Apple has allocated approximately 3.5 billion yuan ($507 million) for the development of these R&D centers in China. These R&D Centers are slated to open in the later part of 2017. The R&D Centers will focus on developing technologies and expertise in the Supply Chain function. Apple will be working with local Chinese Technology partners to develop new technologies and services which will benefit its customers in China as well as across the globe. The technical experts and talent working on these R&D matters will be sourced from local Chinese Universities like Peking University, Tsinghua University, and Shanghai Jiaotong University, etc.

R&D has been the backbone behind the success of Apple and its products. However, China has been a challenging market. The use of local people and technology partners will help Apple get a better understanding of the Chinese market and help the Company deepen its market penetration in China.

Apple is currently sponsoring internship programs across various Chinese Schools so as to line-up the next generation of entrepreneurs. According to Apple, the Company has created 4.8 million jobs in China till date through its 22 offices and 46 retail outlets.

The details were shared by the Company on its Chinese website.

Backdrop

The announcement has been made by Apple on its Chinese website a day before Apple CEO, Tim Cook visited China. Tim Cook attended the China Development Forum in Beijing, China on March 18, 2017. He met with top government officials at this event and the announcement is seen as an image boosting exercise by Apple to appease the Chinese Government.

China has been one of the biggest and most important markets for Apple outside the US. In recent times, sales of Apple’s iPhone were down as local smartphone manufacturers like Huawei Technologies, Xiaomi, Oppo and Vivo offered tough competition. These Companies have eaten into Apple’s market share by offering high-end yet low-cost smartphones with comparable features as those available in an iPhone.

The timing of the announcement also coincides with the upcoming 10th anniversary edition of Apple’s iPhone which will be launched soon. Apple is hoping that the new launch will give a boost to its sales and regain lost market share and leadership.

Stock Performance

At the close of trading session on Friday, March 17, 2017, Apple’s stock closed the trading session at $139.99, slightly falling 0.50% from its previous closing price of $140.69. A total volume of 43.68 million shares have exchanged hands, which was higher than the 3-month average volume of 26.56 million shares. Apple’s stock price surged 22.06% in the last three months, 22.28% in the past six months, and 35.11% in the previous twelve months. Furthermore, since the start of the year, shares of the Company have surged 21.39%. The stock is trading at a PE ratio of 16.76 and has a dividend yield of 1.63%.

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: 457685

Upcoming AWS Coverage on AXT, Inc. Post-Earnings Results

LONDON, UK / ACCESSWIRE / March 20, 2017 / Active Wall St. announces its post-earnings coverage on Marvell Technology Group Ltd. (NASDAQ: MRVL) (“Marvell”) as the Company posted its financial results for the fourth quarter fiscal 2017 (Q4 FY17) and full year fiscal 2017 (FY17) on March 02, 2017. The Santa Clara, California-based Company’s quarterly non-GAAP diluted EPS rose on a year-over-year basis; outperforming market consensus estimates. Register with us now for your free membership at:

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

One of Marvell Technology’s competitors within the Semiconductor – Integrated Circuits space, AXT, Inc. (NASDAQ: AXTI), reported on February 22, 2017, its financial results for the fourth quarter and fiscal year, ended December 31, 2016. AWS will be initiating a research report on AXT, Inc. in the coming days.

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

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

Earnings Reviewed

During the quarter ended on January 28, 2017, Marvell’s net revenues fell to $571.40 million from $626.09 million recorded at the end of Q4 FY16. However, net revenue numbers for Q4 FY17 topped market consensus estimates of $565.8 million.

The chipmaker reported GAAP net loss from continuing operations of $76.88 million, or $0.15 loss per diluted share, in Q4 FY17 against GAAP net income from continuing operations of $77.45 million, or $0.15 per diluted share, in Q4 FY16. Meanwhile, the Company’s non-GAAP net income from continuing operations increased during Q4 FY17 to $114.17 million, or $0.22 per diluted share, from $106.93 million, or $0.20 per diluted share, in the previous year’s same quarter. Wall Street had expected the Company to report non-GAAP net income of $0.19 per diluted share.

In FY17, Marvell’s net revenue came in at $2.32 billion compared to $2.65 billion in the previous year. The Company reported GAAP net income from continuing operations of $43.99 million, or $0.09 per diluted share in FY17 versus GAAP net loss from continuing operations of $769.15 million, or $1.51 loss per diluted share, in FY16. Furthermore, the Company’s non-GAAP net income from continuing operations during FY17 was $330.78 million, or $0.63 per diluted share, compared to $225.83 million, or $0.43 per diluted share, in FY16.

Operational Metrics

For the reported quarter, the Company’s GAAP gross profit continuing operations came in at $327.52 million, 57.3% of net sales, compared to $357.78 million, or 57.1% of net sales, in the prior year’s same quarter. Meanwhile, non-GAAP gross profit for the reported quarter was $329.16 million, or 57.6% of net sales, versus $359.97 million, or 57.5% of net sales, in Q4 FY16. The Company’s total GAAP operating expenses from continuing operations for Q4 FY17 came in at $339.65 million compared to $270.20 million in Q4 FY16. Total non-GAAP operating expenses during Q4 FY17 were $218.23 million compared to $242.91 million in the previous year’s comparable quarter. Furthermore, the Company reported operating loss of $12.13 million during Q4 FY17 compared to operating income of $87.58 million in Q4 FY16.

Cash Flow & Balance Sheet

During Q4 FY17, Marvell’s net cash provided by operating activities were $118.85 million, up from $53.31 million in Q4 FY16. As of January 28, 2017, Marvell had $1.67 billion in cash, cash equivalents, and short-term investments compared to $2.28 billion at the close of books on January 30, 2016.

Dividend and Share Repurchase

In a separate press release on March 16, 2017, Marvell’s Board of Directors declared a quarterly dividend of $0.06 per share of common stock, payable on April 20, 2017, to stockholders of record as of April 04, 2017.

During Q4 FY17, the Company returned $155 million in cash to shareholders through $30 million in dividend payments and $125 million in share repurchases.

Outlook

In its guidance for Q1 FY18, Marvell’s management expects revenue to be $570 million with plus or minus 2%. The Company’s Q1 FY18 GAAP and non-GAAP gross margin is estimated to be approximately 59%. GAAP operating expenses during Q1 FY18 are forecasted to be in the range of $250 million to $265 million, while non-GAAP operating expenses are anticipated to be in the range of $220 million to $225 million. The Company expects GAAP diluted EPS from continuing operations for Q1 FY18 to be between $0.12 and $0.18. Furthermore, non-GAAP diluted EPS from continuing operations are projected to be in the range of $0.19 to $0.23.

Stock Performance

On Friday, March 17, 2017, the stock closed the trading session at $16.12, marginally rising 0.31% from its previous closing price of $16.07. A total volume of 5.02 million shares have exchanged hands, which was higher than the 3-month average volume of 4.83 million shares. Marvell Technology’s stock price surged 13.04% in the last three months, 29.39% in the past six months, and 60.23% in the previous twelve months. Furthermore, since the start of the year, shares of the Company have gained 16.22%. The stock is trading at a PE ratio of 199.01 and has a dividend yield of 1.49%.

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: 457696

Upcoming AWS Coverage on Ollie’s Bargain Outlet Holdings Post-Earnings Results

LONDON, UK / ACCESSWIRE / March 20, 2017 / Active Wall St. announces its post-earnings coverage on Big Lots, Inc. (NYSE: BIG). The Company reported its fourth quarter fiscal 2016 (Q4 FY16) and full year fiscal 2016 (FY16) on March 03, 2017. The discount retailer topped earnings estimates for the fifth consecutive quarter. Register with us now for your free membership at:

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

One of Big Lots’ competitors within the Discount, Variety Stores space, Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ: OLLI), is estimated to report earnings on April 05, 2017. AWS will be initiating a research report on Ollie’s Bargain Outlet in the coming days.

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

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

Earnings Reviewed

For the three months ended January 28, 2017, Big Lots’ net sales fell 0.3% to $1.58 billion as a result of the comparable store sales increase, which was offset by a lower store count y-o-y. The Company’s revenue numbers lagged behind analysts’ consensus for sales of $1.59 billion. Big Lots’ comparable store sales increased 0.3, the twelfth consecutive quarter of flat or positive results and compared to Big Lots’ guidance of flat to an increase of 2%. Big Lots’ comparable store sales increased 0.9% for FY16, while net sales increased 0.2% to $5.20 billion.

For Q4 FY16, Big Lots reported income from continuing operations of $90.1 million, or $1.99 per diluted share. This result includes an after tax expense of $14.3 million, or $0.32 per diluted share, associated with legacy pension plans which have been terminated with final pay-outs occurring in the reported quarter. It also includes an after tax benefit of $2.4 million, or $0.05 per diluted share, associated with the gain on sale of real estate. Excluding these items, the Company’s adjusted income from continuing operations totaled $102.0 million, or $2.26 per diluted share, for Q4 2016 compared to adjusted income from continuing operations of $99.7 million, or $2.01 per diluted share, in Q4 2015. The results exceeded Big Lots previously announced guidance of adjusted income of $2.18 to $2.23 per diluted share and also market estimates for earnings of $2.23 per share. For FY16, Big Lots reported adjusted income from continuing operations of $167.2 million, or $3.64 per diluted share, a 21% increase compared to FY15 adjusted income from continuing operations of $153.5 million, or $3.01 per diluted share.

Inventory and Cash Management

Big Lots’ inventory ended FY16 was $859 million, a 1% increase compared to $850 million for FY15. Inventory levels per store increased 2% compared to last year, which was partially offset by a lower store count year-over-year. The Company ended FY16 with $51 million of cash and cash equivalents and $106 million of borrowings under its credit facility compared to $54 million of cash and cash equivalents and $62 million of borrowings under the Company’s credit facility as of the end of FY15. Cash flow of $227 million exceeded previous guidance of $195 million.

Cash Returned To Shareholders

For FY16, Big Lots returned $288 million of cash to shareholders in the form of quarterly dividend payments totaling $38 million and share repurchases totaling $250 million.

On February 28, 2017, Big Lots’ Board of Directors approved a share repurchase program providing for the repurchase of up to $150 million of our common shares. The $150 million authorization is expected to be utilized to repurchase shares in the open market and/or in privately negotiated transactions at our discretion, subject to market conditions and other factors. The 2017 Share Repurchase Program begun on March 07, 2017, and will continue until exhausted.

Big Lot announced in a separate press release on February 28, 2017, that its Board of Directors increased the Company’s quarterly dividend payment rate approximately 19% by declaring a quarterly cash dividend for Q1 FY17 of $0.25 per common share. This dividend is payable on March 31, 2017, to shareholders of record as of close of business on March 17, 2017.

Fiscal 2017 Guidance

Big Lots is forecasting FY17 income to be in the range of $3.95 to $4.10 per diluted share representing a 9% to 13% increase compared to FY16 adjusted income of $3.64 per diluted share. This guidance is based on a comparable store sales increase in the 1% to 2% range and total sales flat to up slightly. The Company estimates this financial performance will result in cash flow of approximately $180 million to $190 million.

For Q1 FY17, Big Lots estimates income in the range of $0.95 to $1.05 per diluted share representing a 16% to 28% increase compared to last year’s adjusted income of $0.82 per diluted share. This guidance assumes comparable store sales in the range of flat to a growth of 2%.

Stock Performance

At the closing bell, on Friday, March 17, 2017, Big Lots’ stock marginally climbed 0.06%, ending the trading session at $50.01. A total volume of 1.09 million shares were traded at the end of the day. In the last six months and previous twelve months, shares of the Company have advanced 5.35% and 13.65%, respectively. Moreover, the stock gained 0.12% since the start of the year. The Company’s shares are trading at a PE ratio of 15.06 and have a dividend yield of 2.00%.

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:

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: 457688

Upcoming AWS Coverage on Smart & Final Stores Post-Earnings Results

LONDON, UK / ACCESSWIRE / March 20, 2017 / Active Wall St. announces its post-earnings coverage on The Kroger Co. (NYSE: KR) as the Company disclosed its fourth quarter fiscal 2016 (Q4 FY16) and full year fiscal 2016 (FY16) on March 02, 2017. The Cincinnati, Ohio-based Company’s quarterly total sales increased 5.5% y-o-y, beating market consensus estimates. Register with us now for your free membership at:

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

One of Kroger’s competitors within the Grocery Stores space, Smart & Final Stores, Inc. (NYSE: SFS), reported on March 08, 2017, its financial results for the fiscal fourth quarter and full year ended January 01, 2017. AWS will be initiating a research report on Smart & Final Stores in the coming days.

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

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

Earnings Reviewed

In Q4 FY16, Kroger’s reported total sales of $27.61 billion compared to $26.17 billion in Q4 FY15. Total sales number for the reported quarter topped market expectations of $27.36 billion. The Company’s total sales, excluding fuel, increased 4.4% y-o-y in Q4 FY16. The Company attributed this growth in total sales to recent mergers with Roundy’s and ModernHEALTH.

The grocery chain reported net earnings attributable to Kroger of $506 million, or $0.53 per diluted shares in Q4 FY16 compared to $559 million, or $0.57 per diluted share, in the prior year’s comparable quarter. Moreover, Wall Street net earnings expected matched the Company’s reported earnings for the reported quarter.

For full-year FY16, Kroger’s total sales stood at $115.34 billion, rising 5.0% from $109.83 billion in the previous year. Meanwhile, the Company’s total sales, excluding fuel were up by 6.7% y-o-y in FY16. The Company reported net earnings attributable to Kroger of $1.98 billion, or $2.05 per diluted share, in FY16. Excluding the restructuring of certain multi-employer pension obligations, the Company’s adjusted net earnings for FY16 came in at $2.05 billion, or $2.12 per diluted share. Furthermore, the Company had reported net earnings attributable to Kroger of $2.04 billion, or $2.06 per diluted share, in FY15

Operating Metrics

In the reported quarter, Kroger’s reported gross margin of 22.2% of sales. Moreover, excluding fuel, recent mergers and the LIFO charge, gross margin was down by 22 basis points y-o-y. The Company’s operating, general, and administrative expenses for Q4 FY16 came in at $4.48 billion, or 16.2% of total sales, versus $4.36 billion, or 16.6% of total sales, in the previous year’s comparable quarter.

Meanwhile, Kroger’s Q4 FY16 operating profit fell to $858 million, or 3.1% of total sales, from $928 million, or 3.6% of total sales, in Q4 FY15. The Company’s net earnings before income tax expense came in at $732 million, or 2.7% of total sales in Q4 FY16 compared to $815 million, or 3.1% of total sales, in the prior year’s comparable quarter.

Cash Flow and Balance Sheet

In the year ended January 28, 2017, net cash provided by operating activities was $4.27 billion compared to $4.92 billion in FY15. The Company spent $3.6 billion on capital investments, excluding mergers, acquisitions, and purchases of leased facilities in FY16 compared to $3.3 billion in FY15.

As on January 28, 2017, the Company had $310 million in cash compared to a cash balance of $277 million as on January 30, 2016. The Company reported long-term debt of $11.83 billion in its books of accounts as on January 28, 2017, which was an increase from $9.71 billion as on January 30, 2016.

The Company’s net total debt to adjusted EBITDA ratio was 2.31 as on January 28, 2017, compared to 2.08 as on January 30, 2016. Furthermore, the Company’s return on invested capital as on January 28, 2017, came in at 13.09% versus 13.93% as on January 30, 2016.

Dividend and Share Repurchases

In a separate press release on March 09, 2017, Kroger’s Board of Directors declared a quarterly dividend of $0.12 per share, payable on June 01, 2017, to shareholders of record as of the close of business on May 15, 2017. Additionally, the Company announced an incremental $500 million share repurchase program, supplementing the current share repurchase authorization, which has approximately $120 million remaining as of March 08, 2017.

During FY16, Kroger’s repurchased stock worth $1.8 billion and paid dividends amounting to $429 million.

Earnings Outlook

In its guidance for full year FY17, Kroger expects identical supermarket sales and excluding fuel, sales growth to be in the range of flat to 1%. Furthermore, the Company projects net earnings for FY17 to be in the range of $2.21 to $2.25 per diluted share, including an estimated $0.09 for the 53rd week.

Stock Performance

At the close of trading session on Friday, March 17, 2017, Kroger’s stock price slightly rose 0.78% to end the day at $29.55. A total volume of 22.18 million shares were exchanged during the session, which was above the 3-month average volume of 7.94 million shares. The Company’s shares are trading at a PE ratio of 14.41 and have a dividend yield of 1.62%. The stock currently has a market cap of $27.72 billion.

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: 457686

Upcoming AWS Coverage on Intrepid Potash Post-Earnings Results

LONDON, UK / ACCESSWIRE / March 20, 2017 / Active Wall St. blog coverage looks at the headline from Syngenta AG (NYSE: SYT) as the Company announced on March 17, 2017, that the German authorities have approved the SDHI fungicide SOLATENOL™, thereby extending its registration further in Europe. The recent registration will allow the Company to launch the products ELATUS™ Era and ELATUS™ Plus to the cereals market in Germany. Syngenta stated that ELATUS™ Plus is a solo formulation of the active ingredient SOLATENOLTM and is sold in co-packs with a range of other products. Syngenta’s ELATUS™ Era is a combination of the two active ingredients SOLATENOLTM and prothioconazole. Register with us now for your free membership and blog access at:

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

One of Syngenta’s competitors within the Agricultural Chemicals space, Intrepid Potash Inc. (NYSE: IPI), reported on February 28, 2017, its financial results for the fourth quarter and full year 2016. AWS will be initiating a research report on Intrepid Potash in the coming days.

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

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

SOLATENOL™ is already registered in France, Croatia, UK, Ireland, Finland, Latvia, Estonia, and Austria. The launch of SOLATENOL™ in Germany for the 2017 season gives growers in another major cereals market access to this leading new technology.

What is SOLATENOL?

SOLATENOL™ is a carboxamide fungicide offering better performance against Septoria and rusts – two important diseases which can significantly impact cereals production. In trials, it has proven to be extremely consistent in providing excellent disease control on all important cereals varieties in a wide range of situations over several years. The product offers outstanding levels of leaf protection resulting in higher yield and return on investment for the farmer. SOLATENOL™ is also available for use on soybean in Latin America and on a wide range of crops in the USA and Canada.

ChemChina Transaction

On February 23, 2017, China National Chemical Corporation (“ChemChina”) announced that it has extended the tender offers to purchase all publicly held registered shares of Syngenta and all outstanding American Depositary Shares representing common shares until April 28, 2017, unless further extended.

On February 03, 2016, ChemChina announced its agreement with Syngenta to acquire Syngenta through a public tender offer for all publicly held common shares pursuant to Swiss tender offer rules and a public tender offer for common shares held by US holders and all outstanding ADSs pursuant to US tender offer rules. ChemChina has extended the Swiss Offer until 4:00 p.m. CEST, on April 28, 2017, and the US Offer until 10:00 a.m., Eastern Time, on April 28, 2017, in each case, unless further extended. As of 5:00 p.m., Eastern Time, on February 21, 2017, approximately 19,557,444 common shares (including those represented by ADSs) had been validly tendered in, and not withdrawn from, the Offers.

On March 06, 2017, as per a report by Reuters, ChemChina announced that Chinese government has accepted the Company’s application for regulatory approval of its $43 billion takeover of Syngenta.

Stock Performance

At the closing bell on Friday, March 17, 2017, Syngenta’s stock marginally declined 0.23%, ending the trading session at $88.28. A total volume of 887.38 thousand shares were traded at the end of the day, which was higher than the 3-month average volume of 608.77 thousand shares. In the last month and previous three months, shares of the Company have advanced 2.88% and 10.43%, respectively. Moreover, the stock surged 11.68% since the start of the year. Shares of the company have a PE ratio of 34.34 and have a dividend yield of 2.59%

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: 457695

Upcoming AWS Coverage on Inseego Post-Earnings Results

LONDON, UK / ACCESSWIRE / March 20, 2017 / Active Wall St. blog coverage looks at the headline from Nokia Corp. (NYSE: NOK) as the Company announced strategic and critical changes in its organization structure and top management team (“Global Leadership Team” referred to as GLT) on March 17, 2017. The changes will come into effect from April 01, 2017. Register with us now for your free membership and blog access at:

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

One of Nokia’s competitors within the Communication Equipment space, Inseego Corp. (NASDAQ: INSG), reported on March 09, 2017, its financial results for the fourth quarter ended December 31, 2016. AWS will be initiating a research report on Inseego in the coming days.

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

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

Changes in Organization structure

Nokia plans to divide its current Mobile Networks business group into two separate and individual units – Mobile Networks and Global Services. The Mobile Networks unit will focus on products and solutions whereas the Global Services unit will focus on the services related business. Apart from this, the Company’s Chief Innovation and Operating Officer (CIOO)’s area of operations will also be divided into three separate positions. The positions current responsibilities will be covered by a newly inducted incumbent with the title of Chief Operating Officer (COO). The innovations part of the CIOO’s responsibilities will be handled by the Chief Technology Officer (CTO) and the incubation part will be given to the Chief Strategy Officer (CSO).

Sharing his thoughts on the changes, Rajeev Suri, President and CEO of Nokia said:

“These changes are designed to accelerate the execution of our strategy They will strengthen our ability to deliver strong financial performance, drive growth in services, meet changing customer demands in mobile networks, achieve our cost saving and ongoing transformation goals, and enable strategic innovation across our networks business.”

Nokia’s other verticals, Ultra Broadband Networks, IP Networks, and Applications and Nokia Technologies, will continue to be part of the Company’s organization and financial setup.

Changes in Global Leadership Team

Based on the above changes in its business, the following shuffle has been announced with each position clearly defined, with distinct role, focus areas, and responsibilities.

Marc Rouanne has been appointed as President of the Mobile Networks business group and will focus on mobile products and solutions. He will be responsible for Nokia’s 4G, 5G, cloud core, small cells, and other advanced mobile solutions.

Igor Leprince has been appointed as President of Global Services and will focus on the new business unit of Services, which is a part of the Mobile Networks business group. He will be responsible for the Company-wide managed services.

Monika Maurer will take over as Group COO. She will be responsible for Nokia’s operating model, Global Operations which includes manufacturing and supply chain. In her role, she will be overseeing functions like procurement, implementation of cost saving, and ongoing transformation activities, information technology, real estate, and quality.

Marcus Weldon will continue in his current role and responsibilities as President of Nokia Bell Labs and Chief Technology Officer.

Kathrin Buvac, who is currently the Chief Strategy Officer, has been given the added responsibilities of handling the incubation of select new business opportunities.

Barry French, who is currently the Chief Marketing Officer, has been given the added responsibilities of handling Health, Safety, Security, and Environment.

All of the above positions will report to Nokia’s CEO and will be a part of Nokia’s GLT.

Exit of Samih Elhage, Head of Mobile Networks

Samih Elhage, the Head of Mobile Networks, has put in his papers and has decided to follow new opportunities outside of Nokia. He will continue in his role and be a part of Nokia’s GLT till April 01, 2017, after which he will continue as an advisor till May 31, 2017. Samih Elhage had joined as COO of Nokia Siemens Networks in 2012 and later on became the Chief Financial and Operating Officer before being made Head of Mobile Networks in April 2014.

He has been credited with the successful acquisition and integration of Alcatel-Lucent into Nokia. Nokia had completed the acquisition of Alcatel-Lucent in November 2016. The deal was marred by the litigation concerning Nokia’s public buy-out offer and squeeze-out for Alcatel-Lucent’s securities which was later successfully settled in December 2016.

Commenting on Samih Elhage’s tenure with Nokia, Rajeev Suri said:

“He has been a close friend and advisor through times both good and bad, and I fully support his desire for a change.”

Whether the strategic changes influenced the exit of Samih Elhage, or vice-versa, can only be speculated. However, given the slowdown in sales and profits of Nokia in the recent past, the latest overhaul seems to give the Company direction and focus on customer demands.

Stock Performance

At the closing bell, on Friday, March 17, 2017, Nokia’s stock was slightly up by 0.18%, ending the trading session at $5.46. A total volume of 9.14 million shares were traded at the end of the day. In the last month and previous three months, shares of the Company have advanced 9.20% and 16.17%, respectively. Moreover, the stock gained 13.51% since the start of the year. The Company’s shares have a dividend yield of 5.31%. At Friday’s closing price, the stock’s net capitalization stands at $31.88 billion.

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: 457687