Upcoming AWS Coverage on Five Below Post-Earnings Results

LONDON, UK / ACCESSWIRE / March 15, 2017 / Active Wall St. announces its post-earnings coverage on Sotheby’s (NYSE: BID). The company posted its financial results for the fourth quarter fiscal 2016 (Q4 FY16) and full year fiscal 2016 (FY16) on February 27, 2017. The New York-based Company’s quarterly adjusted diluted EPS increased 13% y-o-y, beating market consensus estimates. Register with us now for your free membership at:

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One of Sotheby’s competitors within the Specialty Retail, Other space, Five Below, Inc. (NASDAQ: FIVE), announced on March 08, 2017,that its financial results for Q4 and full year of fiscal 2016 will be released after market close on Wednesday, March 22, 2017. The company will host a conference call at 4:30 p.m. ET to discuss the financial results. AWS will be initiating a research report on Five Below in the coming days.

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

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Earnings Reviewed

In Q4 FY16, Sotheby’s reported total revenues of $308.69 million compared to $335.82 million recorded at the end of Q4 FY15. Meanwhile, total revenue numbers for Q4 FY16 beat market consensus estimates of $277.28 million.

The auction house’s net income attributable to Sotheby’s came in at $65.50 million, or $1.20 per diluted share, in Q4 FY16 compared to net loss attributable to Sotheby’s of $11.15 million, or $0.17 loss per diluted share, in Q4 FY15. The Company’s adjusted net income during Q4 FY16 was $73.76 million, or $1.35 per diluted share, versus $80.59 million, or $1.19 per diluted share, in Q4 FY15. The Company attributes the increase in diluted adjusted EPS to share purchase in the reported financial year. Furthermore, Wall Street had expected the Company to report adjusted net income of $1.17 per diluted share.

For FY16, Sotheby’s total revenues came in at $805.38 million compared to $961.49 million in the previous year. The Company reported net income attributable to Sotheby’s of $74.11 million, or $1.27 per diluted share, in FY16 versus $43.73 million, or $0.63 per diluted share, in FY15. The Company’s adjusted net income for FY16 stood at $99.62 million, or $1.71 per diluted share, compared to $143,131 million, or $2.07 per diluted share, in FY15.

Operational Metrics

Sotheby’s agency commissions and fees for the reported quarter totaled $265.72 million compared to $284.44 million in Q4 FY15. The Company’s inventory sales were down to $26.43 million in Q4 FY16 from $35.49 million in Q4 FY15. Additionally, Finance’s contribution to the Company’s total revenues during Q4 FY16 was $12.07 million versus $12.90 million in Q4 FY15.

During Q4 FY16, Sotheby’s general and administrative expenses were $45.42 million versus $41.56 million in the prior year’s same quarter. Total expenses for the reported quarter totaled $217.29 million versus $247.26 million in Q4 FY15. The Company’s operating income for Q4 FY16 increased to $91.40 million in Q4 FY16 from $88.57 million in Q4 FY15. Additionally, the Company income before taxes stood at $86.23 million in Q4 FY16 compared to $83.91 million in last year’s comparable quarter.

Cash Flow & Balance Sheet

During FY16, net cash provided by operating activities increased to $158.37 million from $155.06 million in the prior year’s same quarter. At the close of books on December 31, 2016, Sotheby’s had $496.03 million in cash and cash equivalents versus $848.70 million at the close of books on December 31, 2015. Moreover, the Company’s long-term debt during the reported year stood at $598.94 million as on December 31, 2016, compared to $604.96 million as on December 31, 2015.

Share Repurchase

On October 03, 2016, the Company entered into an agreement with funds managed by Marcato Capital Management L.P., and repurchased 2.05 million shares of its common stock for an aggregate purchase price of $73.8 million, at an average price of $36.00 per share.

Stock Performance

On Tuesday, March 14, 2017, the stock closed the trading session at $46.51, marginally down 0.79% from its previous closing price of $46.88. A total volume of 422.99 thousand shares have exchanged hands. Sotheby’s stock price surged 13.30% in the last three months, 21.88% in the past six months, and 77.05% in the previous twelve months. Furthermore, on a year to date basis, the stock gained 16.68%. Shares of the company have a PE ratio of 35.29 and have a market capitalization of $2.46 billion.

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SOURCE: Active Wall Street

ReleaseID: 457324

REDONDO BEACH, CA / ACCESSWIRE / March 15, 2017 / In order to halt the worldwide spread of invasive or harmful marine species, the International Maritime Organization (IMO) passed the Convention for the Control and Management of Ships’ Ballast Water and Sediments (BWM), requiring more than 65,000 ships over 400 gross tons to adopt approved ballast water management plans. For most ships this will require the installation of a type-approved ballast water treatment system. The convention, adopted in 2004, was plagued with delays for years, but now is finally “setting sail” as reported in a recent feature article published by Global Water Intelligence, the leader in high-value business information for the water industry.

The article titled “Starting the Voyage of a Lifetime”, published in the February 2017 issue of Global Water Intelligence reads, “The long overdue ratification of the 2004 IMO ballast water management convention is expected to unleash a flood of orders for treatment systems,” and then asks, “How will the technology market shape up?” Several expert industry members are interviewed throughout the article, and the overarching sentiment of the piece is that, with an estimated $50 billion at stake for ballast water treatment systems, suppliers, ship operators, and investors will be well-served by developing a thorough understanding of the challenges and potential solutions inherent to ballast water management.

The fundamental challenges facing new ballast water treatment systems are capital and operating costs, size and power requirements, efficacy, and residual toxicity. US Coast Guard approval is also crucial because as Don Stephen, VP Product Management at De Nora was quoted, “Very few people (operators) would take the chance of procuring a system that is unable to be USCG approved because almost certainly there would be a chance of the ship traveling into US waters at some point.”

Ultraviolet and electro-chlorination are today’s leading systems, but both have issues that must be overcome. For one, chlorination-based technologies do not typically treat water upon discharge of ballast water, but rather treat water only during uptake. UV systems, on the other hand, treat at both ends. Young Chang, CEO of C&C Panasia, explains that though this is not currently an issue, the USCG and Marine Environmental Protection Committee have been investigating whether all systems should treat on discharge as well as uptake, following the discovery that some organisms hidden in sediment may not be killed. “It is highly possible in the next few years there will be new requirements saying that all types of treatment systems must treat on deballasting,” Chang commented. “If that happens, non-UV based technologies will have a tough time to accommodate that and the system may get more complicated.” Another issue with chlorine-based systems is that their active chemicals must be removed from discharge water, meaning a neutralizer injection is required during deballasting to avoid discharge of harmful chemicals.

UV-based systems are not without their problems, however. While chlorine-based systems are capable of killing waterborne microorganisms, UV systems inactivate microbes by making them unable to reproduce, but leave them alive nonetheless, conflicting with the language of the IMO convention regarding discharged organisms.

In order to meet the USCG requirements, substantial power increases in UV systems were necessary to sufficiently neutralize organism activity. Tore Andersen, CEO of Optimarin, explained to GWI how the company was able to overcome this potential challenge. “We used our high power capacity – the biggest difference between Optimarin and other UV makers is our very strong UV lamp.”

Dennis Calvert, the CEO of BioLargo, Inc. (OTCQB: BLGO), singled out what appears to be one of the most critical problems of all when he shared his thoughts with GWI, “The larger issue is power availability on the ships. Energy efficiency for BWTS will be a key prerequisite to advance in the market… they require large amounts of energy to operate and may require more energy than what ships can currently supply.” He continued, “There are very few examples where older ships have sufficient excess power for these new BWTS.” According to Calvert, this problem doesn’t afflict all ships, as he was quoted, “Some ships will however not have this problem, such as LNG with regasification compressors and large container ships with reefer power available.” It’s clear that for those ships with stringent power supplies, energy efficiency of ballast water treatment systems is a key factor dictating their adoption.

While UV and chlorine-based technologies are the dominant incumbents in the ballast water treatment market, novel technological solutions are beginning to crop up. BioLargo, Inc. has been hard at work developing a low-energy solution to the ballast water challenge, as explained by Dennis Calvert, “BioLargo became a new contender in the race when in last August, our researchers at the University of Alberta unveiled a breakthrough new water treatment technology that is neither UV nor chlorine-based. BioLargo’s AOS System is a filter/reactor that uses proven filtration with small amounts of iodine and low electric current flow. It is several times more powerful than chlorine, substantially faster, and with only a small fraction of the capital and operating costs.” The AOS System is billed as the low energy solution and is targeting entry into the ballast water market by 2019. “While we have some scale-up work to do to meet the volume requirements for the maritime industry, we believe our value proposition is unique, and the industry clearly needs a low energy solution like ours,” Calvert reported to GWI.

For more details about the GWI article, “Global Water Intelligence” is published monthly to its subscribers around the world.

Some example shipping operators, representing only 235 vessels out of an estimated 65,000 to be impacted by the BWM IMO Convention and requiring approved ballast water treatment systems are:

Navios Maritime Holdings Inc. operates a fleet of 61 vessels.
Diana Shipping Inc. operates a fleet of 48 vessels.
DryShips Inc. operates 13 vessels.
Eagle Bulk Shipping Inc. operates a fleet of 43 ships.
Star Bulk Carriers Corp. operates a fleet of 70 vessels.

With the new regulations coming into force in September 2017, the shipping industry faces an intense challenge working to conform to the new operating procedures. The technology market will no doubt be exciting to watch. The GWI article wrapped up with Calvert’s comments, “We believe the systems that are flexible, modular in design, and remain low cost and offer low energy solutions while meeting volume rates will take the lead … the market prescribed by these regulations is so large in scope that an army of companies will be busy for the next two decades.”

Disclaimer:

Except for the historical information presented herein, matters discussed in this release contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Emerging Growth LLC, which owns SECFilings.com, is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. Emerging Growth LLC may from time to time have a position in the securities mentioned herein and may increase or decrease such positions without notice. For making specific investment decisions, readers should seek their own advice. Emerging Growth LLC may be compensated for its services in the form of cash-based compensation or equity securities in the companies it writes about, or a combination of the two. For full disclosure please visit: http://secfilings.com/Disclaimer.aspx.

SOURCE: TDM Financial

ReleaseID: 457278

The Innovative New Containers will Allow People to Easily Take their Favorite Supplemental Drink Powders with them On the Go

LOS ANGELES, CA / ACCESSWIRE / March 15, 2017 / Paul Ercole is pleased to announce the upcoming launch of MyMix2go premeasured powder to go containers.

To learn more about the handy and easy-to-use new containers, please visit the MyMix2go website at https://www.mymix2go.com/.

As a company spokesperson noted, Ercole was inspired to create the new MyMix2go containers after finding it difficult to transfer health powder into a water bottle or other container. Ercole, who is also a pilot, spends quite a bit of time traveling and tries to stay healthy while on the road and in the air; in order to do this, he enjoys supplementing his diet with healthy drink mixes.

“I tried various methods of traveling with the powders that I wanted to take to hotels, but there was almost always a problem,” Ercole said.

“Whether it was taking it with me in a plastic bag with the risk of it tearing in my suitcase, or bringing it in a thermos to try to then pour it in a water bottle and making a mess or worse, wasting all that expensive powder, there were issues.”

Thanks to the new MyMix2go powder container, all of these issues will be a thing of the past. The container’s unique design has been created to fit over the top of most store-bought disposable water bottles instead of inside the already small hole, creating unwanted clogging. MyMix2go can also be used with shaker bottles and parents can also use it to hold baby formula powder that can be easily transferred to a baby bottle.

MyMix2go is dishwasher safe, and features a hook for a carabiner hook, should the user wish to attach it to a backpack or purse strap. The container includes a cap, lid and cup along with a translucent measuring scoop.

In addition to holding pre/during/post workout supplemental powders, MyMix2go can also easily tote protein powder, powdered lemonade, Gatorade and other beverage mixes, as well as small snacks like nuts, raisins and small pieces of dried fruit.

About MyMix2go:

MyMix2go is an upcoming new line of containers that will solve a common problem – how to transfer supplemental drink powder into another bottle without making a mess. They were created by Paul Ercole, a fan of health drinks who was inspired to find a way to get the expensive powder into the water bottle. For more information, please visit https://www.mymix2go.com/.

Contact:

Frederick Bush
admin@rocketfactor.com
(949) 555-2861

SOURCE: MyMix2go

ReleaseID: 457334

The Innovative New Shaver will Work by Removing the Cause of Histamine Breakouts for People who Prefer to Wet-Shave

LOS ANGELES, CA / ACCESSWIRE / March 15, 2017 / D’Metri Jamison is pleased to announce the upcoming launch of The Defender, a shaver that will allow people to shave the way they prefer without the risk of developing breakouts. “Does your wet shaver protect you from dermatitis?” asked Jamison, adding that The Defender works by removing the cause of histamine breakouts for those who wet-shave.

To learn more about The Defender and see photos of the innovative new shaver, please check out https://goo.gl/Pdn3Au at any time.

As a company spokesperson noted, Jamison was so fed up with having his skin become irritated and sore every time he shaved, that he was inspired to create a shaver that would allow him to still get the wet-shave he preferred, only without the nagging and negative side effect of contact dermatitis.

Jamison used his own knowledge of science and technology to come up with a solution, and after testing the new shaver on himself, he knew he had come up with a winner.

“Soon after receiving a professional marketing study that had projected sales of $1.3 billion over the first ten years, a major financial setback suddenly brought progress to a halt,” the spokesperson said, adding that for some time, Jamison’s revolutionary new shaver has been lying dormant.

Now, the spokesperson said, Jamison is reviving The Defender, thanks in part to the help of a married couple who were so impressed with the new shaver, they invested some of their money in the project.

“After some recent crucial modifications that incorporated new and vastly improved technology, a patent (now pending) was accomplished,” the spokesperson said. For example, Jamison has added auditory technology into The Defender that will alert visually impaired people who use the shaver that the battery is getting low; this will prevent them from getting a breakout due to low power on the unit.

In order to finally meet his goal of bringing The Defender to market, Jamison is seeking some additional funding through the form of a recently-launched Indiegogo campaign. There, he hopes to raise $218,000 through crowdfunding.

About The Defender:

The Defender is an innovative new shaver that will allow people to enjoy a wet-shave without the risk of itchy and even painful dermatitias. The Defender was invented by D’Metri Jamison, who was inspired to create the shaver from his own “irritating” shaving experiences. To learn more, please visit https://goo.gl/Pdn3Au.

Contact:

Josh Cunningham
admin@rocketfactor.com
(949) 555-2861

SOURCE: The Defender

ReleaseID: 457332

Ana Gonzalez, a Visual Artist from Mexico, is Creating the Game that “Speaks from the Bones of Mexico”

LOS ANGELES, CA / ACCESSWIRE / March 15, 2017 / Ana Gonzalez, a visual artist with a passion for illustration and video games, is pleased to announce the upcoming launch of her Loteria de Muerte – Lottery of Death game.

To learn more about the traditional lottery game and check out a short video about Loteria de Muerte and how to play it, please visit https://goo.gl/Lr6OcV at any time.

As a spokesperson for Loteria de Muerte noted, the traditional lottery game is comprised of skull characters that deliver a message about the present in a Mexican day of dead style.

“The game contains a proposal to enter in the Mexican culture, with an artistic work that not only has a part of the prehispanic holiday of the day of the dead, but is inspired by the graphic of protest used in the Mexican revolutionary era,” noted the spokesperson, adding that a traditional Mexican lottery is a traditional and popular game in Mexico, and in most Mexican lottery games, characters and common objects that are found in everyday life are typically used.

“By playing you will find in each skull a bundle of disastrous stories, a pinch of crazy characters and a recommended dose of memory and reality, where our problems are taken and killed with skulls, because in Mexico even in the death we found spiceness.”

The game will feature 54 characters and 16 tables and Gonzalez is planning on releasing the Loteria de Muerte app that will include the traditional lottery song in different languages.

In order to help pay for the printing and production tests, along with completing the development of the game and the distribution of the mobile application version, Gonzalez recently launched a successful fundraiser on Kickstarter. Almost 100 backers pledged MX $103,080 to help bring Loteria de Muerte to life; people who supported the project will be rewarded in a number of ways, including t-shirts, sweatshirts and laser engravings of some of the characters in the game.

About Loteria de Muerte – Lottery of death:

Loteria de Muerte – Lottery of death is a traditional lottery game made up of characters in skull form that give a message about the present in a Mexican day of dead style. The game, which will be released soon, was created by Ana Gonzalez, an artist from Mexico. For more information, please visit https://goo.gl/Lr6OcV.

Contact:

Joshua Francis
admin@rocketfactor.com
(949) 555-2861

SOURCE: Loteria de Muerte – Lottery of death

ReleaseID: 457331

The Fun New Game Can Be Completed in an Average of About 20 Minutes

LOS ANGELES, CA / ACCESSWIRE / March 15, 2017 / The founders of Cards & Stuff – A Collectible Card Game, are pleased to announce the upcoming launch of their new card game.

To learn more about Cards & Stuff and what sets it apart from many other games, please check out https://goo.gl/6rK141 at any time.

As a spokesperson for Cards & Stuff noted, the game is being developed by a pair of brothers from Memphis, Tennessee who grew up playing a lot of games together. As the two grew up, got married and had families, they found that many games were either too expensive, took too much time to play, or were too complicated for the whole family to enjoy.

These experiences inspired the two brothers to create Cards & Stuff, a game that they joke most mothers would call “a waste of time.”

“We wanted to create a strategy game with deep meta – without a bunch of lengthy rules,” they said, adding that the card game will also feature a number of entertaining themes and funny artwork.

“Our goal is to redefine traditional gameplay for collective card games. Challenging standard conventions and traditional playstyles, we have streamlined standard playtimes down to a 20-minute average.”

In addition, the brothers are redefining traditional deck building by removing resource mechanics from the game, and they have eliminated as many random components of the game as they could in order to make it as easy as possible for people to understand and play. Starting in January, 2018, the pair plan on releasing a new deck of cards per month for a whole year, and they also eventually hope to release a mobile version of the game.

In order to help pay for the production and marketing costs associated with bringing Cards & Stuff to the public, the brothers recently launched a fundraiser on Kickstarter. There, they hope to raise $18,000 through crowdfunding.

While the base game is already done, the brothers are in the process of finalizing the artwork and prepress in order to send the game off to the printer as soon as possible.

About Cards & Stuff – A Collectible Card Game:

Cards & Stuff is a tongue-in-cheek card game experience for both casual and competitive players. The game, which can be played with another person or a whole group, will feature delightful themes and amusing artwork. For more information, please visit https://goo.gl/6rK141

Contact:

Felix Neal

admin@rocketfactor.com
(949) 555-2861

SOURCE: Cards & Stuff

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