Investors are bargain hunting in shares of housing contractor Installed Building Products Inc.(IBP), which saw its initial public offering price well below expectations late Wednesday.
The Columbus, Ohio-based company settled for a much smaller initial share sale than it had planned, as institutional investors involved in pricing the deal late Wednesday balked at the valuation the company had pitched. The IPO priced at $11 a share, versus the company�� forecast of $14 to $16. Further reducing the deal�� size, the company sold 17% fewer shares than expected.
But the shares opened up 12% in their trading debut Thursday, and extended gains later in the morning.
Installed Building Products��debut follows mixed performance from shares of some newly public building-products companies. Through Tuesday, siding manufacturer Ply Gem Holdings Inc.(PGEM)�� shares were down 39% from the offer price in its $381 May debut. Wood-products maker Boise Cascade Co.(BCC) was up 46% from its $284 million February IPO.
Top 10 Transportation Companies To Watch In Right Now: Telecom Argentina SA (TEO)
Telecom Argentina SA (Telecom) is an Argentina-based company primarily engaged in the provision of national fixed-line telecommunication services, international long-distance service, data transmission and Internet services and mobile telephony. The Company also offers such solutions as online business and Web hosting, virtual private network (VPN), mobile operating systems developed by Microsoft and Blackberry, toll-free telephone numbers, call centers and voice over Internet protocol (VoIP) line, as well as other services mainly aimed at corporate clients. The Company�� subsidiaries are structured in two business segments: Fixed Telephony, comprising Telecom Argentina USA Inc and Micro Sistemas Sociedad Anonima, and Mobile Services, including Telecom Personal SA, Nucleo SA and Springville SA. As of December 31, 2010, the Company�� majority shareholder was Nortel SA, 54.74% of its interest.
Voice, Data and Internet
Telecom Argentina owns a local telephone line network, public long-distance telephone transmission facilities and a data transmission network in the Northern Region. Telecom Argentina also owns a network in the Southern Region. Voice, data and Internet services consists of basic telephone services, international long-distance services, data transmission and internet services, information and communication technology services and other basic telephone services. Telecom Argentina provides basic telephone services, including local and domestic long-distance telephone services and public telephone services. Telecom Argentina provides international telecommunications service in Argentina, including voice and data services and international point-to-point leased circuits.
Telecom Argentina provides data transmission and Internet connectivity services, including traditional dial-up and broadband connections, asymmetric digital subscriber line (ADSL) dedicated lines, private networks, national and international broadcasting signal transport and videoconfe! rencing services. Telecom Argentina provides Information and Communications Technology (ICT) services and value-added solutions. Other services provided by Telecom Argentina include supplementary services, such as call waiting, call forwarding, conference calls, caller identification (ID), voice mail, video calls and itemized billing, and telecommunications consulting and telecommunications equipment and maintenance services.
Telecom Argentina is a provider of Basic telephone services in the Northern Region and provides Basic telephone services in the Southern Region. Telecom Argentina�� fixed-line telephone network includes installed telephones and switchboards, a network of access lines connecting customers to exchanges and trunk lines connecting exchanges and long-distance transmission equipment.
The Company competes with Grupo Telmex Argentina, Telephone2, Impsat, IPlan, Comsat, Telecentro, Telefonica, Netizen, Gigared, UOL, Ertach, Telecentro and Cablevision.
Wireless Telecommunication
Telecom Argentina provides wireless services through its subsidiaries in Argentina and Paraguay. Its subsidiary Telecom Personal S.A. (Telecom Personal) provides wireless telephone service throughout Argentina via cellular and personal communications service (PCS) networks. Telecom Personal�� service offerings include global system for mobile communications (GSM) and 3G wireless communication over universal mobile telecommunications system (UMTS)/high-speed downlink packet access (HSDPA) networks (including general packet radio service (GPRS), enhanced data for GSM evolution (EDGE) and HSDPA high-speed wireless, videoconferencing, full track download, multimedia messaging, online streaming, corporate mailing and BlackBerry solutions) and sale of wireless communication devices (cellular phones, 3G modems, 3G hotspots, wireless Internet and netbooks). The Company also provides cellular and PCS services in Paraguay through Nucleo S.A., a subsidiary of Telecom Pers! onal.
The Company competes with Telecom Personal, Telefonica Moviles, America Movil, Telefonica Celular del Paraguay S.A. and Hola Paraguay S.A.
Advisors' Opinion:- [By Jake L'Ecuyer]
Telecommunications services sector was the leading decliner in the US market today. Telecommunications services stocks dropped 0.43% in today's trading. Among the stocks, Mobile Telesystems OJSC (NYSE: MBT) was down more than 4.8%, while Telecom Argentina SA (NYSE: TEO) tumbled around 2.5%.
- [By Garrett Cook]
In trading on Monday, telecommunications services shares were relative laggards, down on the day by about 0.48 percent. Top losers in the sector included Telecom Argentina SA (NYSE: TEO), down 6.57 percent, and NQ Mobile (NYSE: NQ), off 6.69 percent.
- [By Garrett Cook]
In trading on Monday, telecommunications services shares were relative laggards, down on the day by about 0.48 percent. Top losers in the sector included Telecom Argentina SA (NYSE: TEO), down 6.1 percent, and NQ Mobile (NYSE: NQ), off 6.8 percent.
Top Building Product Companies To Own In Right Now: Stifel Financial Corporation(SF)
Stifel Financial Corp., a financial holding company, operates as a retail and institutional brokerage, and investment banking company in the United States and internationally. The company?s Global Wealth Management segment offers securities transaction, brokerage, and investment services, including equity securities; fixed income securities, which comprise municipal, corporate, and government agency securities; preferred stocks; and unit investment trusts. This segment also provides managed fee-based products; and insurance and annuity products, as well as securities-based lending services. In addition, it offers retail and commercial banking services to private and corporate clients, including personal loan programs, such as fixed and variable mortgage loans, home equity lines of credit, personal loans, loans secured by certificates of deposit or savings, and securities-based loans; and commercial lending programs, such as small business loans, commercial real estate loa ns, lines of credit, credit cards, term loans, and inventory and receivables financing. As of December 31, 2011, this segment operated a network of 1,833 financial advisors located in 291 branch offices in 44 states and the District of Columbia; and 154 independent contractors. Its Institutional Group segment offers research, equity, and fixed income institutional sales and trading, investment banking, public finance, and syndicate services. This segment distributes equity research products to institutional investors; provides financial advisory services principally with respect to mergers and acquisitions, and the execution of public offerings and private placements of debt and equity securities; and coordinates marketing, distribution, pricing, and stabilization of managed equity and debt offerings. It serves individual investors, corporations, municipalities, and institutions. The company was founded in 1890 and is headquartered in St. Louis, Missouri.
Advisors' Opinion:- [By Maria Armental var popups = dojo.query(".socialByline .popC"); popups.forEach]
Stifel Financial Corp.(SF) agreed to buy Legg Mason Inc.'s(LM) investment-advisory and trust-services unit, which manages more than $9 billion in assets, the companies said. Terms of the deal weren’t disclosed.
Top Building Product Companies To Own In Right Now: Boot(h)
Henry Boot PLC, together with its subsidiaries, operates as a property and construction company in the United Kingdom. Its property portfolio includes retail warehousing properties, leisure and retail parks, town centre retail and mixed use properties, industrial and office properties, and business parks. The company engages in the acquisition, promotion, development, and trading of land; and holds interest in 8,200 acres of land through ownership, option, and agency agreements. It also involves in construction, civil engineering, and road maintenance activities; and offers construction services to the health, education, housing, custodial, and public sectors. In addition, the company offers a range of products and services for sale and hire, such as fleet of contractors' mechanical plant and equipment ranging from telehandlers to rollers; boom and scissor lift access platforms suitable for slab or rough terrain work; accommodation units for applications, including offices , canteens, showers, toilets, and security stores; power tools and equipment consisting of electric tools, engine powered items, concreting and compaction tools, lightweight access equipment, heating and lighting appliances, and home maintenance items; and fleet of machines for construction and industrial applications. Henry Boot PLC was founded in 1886 and is headquartered in Sheffield, the United Kingdom.
Advisors' Opinion:- [By Matt Thalman]
In the following video, Fool contributor Matt Thalman discusses why he believes MGM Resorts' (NYSE: MGM ) recent move to partner with both Southwest Airlines (NYSE: LUV ) and Hyatt Hotels (NYSE: H ) will greatly benefit not only MGM but also its two new partners.
Top Building Product Companies To Own In Right Now: Northstar Realty Finance Corp. (NRF)
NorthStar Realty Finance Corp. operates as a real estate investment trust in the United States. It invests in real estate debt business, which acquires, originates, and structures debt investments secured primarily by income-producing real estate properties; real estate securities business that invests in commercial real estate debt securities, including commercial mortgage backed securities, REIT unsecured debt, and credit tenant loans; and net lease properties business, which acquires properties that are primarily net leased to corporate tenants. The company has elected to be taxed as a REIT and it would not be subject to federal income tax, provided it distributes at least 90% of its taxable income to its shareholders. NorthStar Realty Finance was founded in 1997 and is based in New York City.
Advisors' Opinion:- [By Rich Duprey]
Not only will following the north star help you find your way when lost, but it will lead you to riches, too. NorthStar Realty Finance� (NYSE: NRF ) �announced yesterday it�will pay a�regular quarterly dividend�of $0.19 per share on May 17 to the holders of record at the close of business on May 13.�
Top Building Product Companies To Own In Right Now: Waste Connections Inc. (WCN)
Waste Connections, Inc., an integrated solid waste services company, provides solid waste collection, transfer, disposal, and recycling services. The company also offers intermodal services, including repositioning, storage, maintenance, and repair of cargo containers for international shipping companies for the rail haul movement of cargo and solid waste containers in the Pacific Northwest. In addition, it provides container and chassis sales and leasing services to its customers. Further, the company offers residential, commercial, and industrial solid waste collection services; and provides recycling services for various recyclable materials, including cardboard, office paper, plastic containers, glass bottles, and ferrous and aluminum metals. Its transfer stations receive, compact, and load solid waste to be transported to landfills via truck, rail, or barge. As of December 31, 2010, the company owned or operated a network of 135 solid waste collection operations, 54 t ransfer stations, 39 recycling operations, 44 active landfills, and 7 intermodal facilities, as well as one exploration and production waste treatment and disposal facility. It serves approximately two million residential, commercial, and industrial customers from a network of operations in 27 states in the United States. The company was founded in 1997 and is based in Folsom, California.
Advisors' Opinion:- [By Rich Smith]
Treasure in trash
Markets are up modestly in early trading Monday, and one company leading the way upwards is trash collector Waste Connections (NYSE: WCN ) . Up nearly 39% over the past year, and up nearly twice as much as the S&P 500, Waste Connections got a further boost today when analysts at Stifel Nicolaus raised their price target on the stock to $47 a share. - [By Marc Bastow]
Integrated municipal solid waste services company Waste Connections (WCN) raised its quarterly dividend 15% to 11.5 cents per share, payable on Nov. 19 to shareholders of record as of Nov. 5.
WCN Dividend Yield:�1.04% - [By Sean Williams]
Other players in the field, such as Waste Connections (NYSE: WCN ) , have viewed traditional refuse collection as too crowded and have looked toward unique ways of boosting their bottom line. Waste Connection last year purchased R360 Environmental Solutions for $1.3 billion to get a foothold in the oil and natural gas industry. R360 generates revenue by cleaning contaminated fields, recovering oil from storage tanks, and washing drilling facilities.
Top Building Product Companies To Own In Right Now: Knoll Inc (KNL)
Knoll, Inc., incorporated on December 15, 1995, is a designer and manufacturer of workplace furnishings, textiles and fine leathers. The Company operates in three segments: Office, Studio and Coverings. The Office segment includes systems, seating, storage, tables, desks and KnollExtra ergonomic accessories, as well as the international sales of the Company's North American Office products. The Studio segment includes the Company's KnollStudio division, the Company's European subsidiaries, which primarily sell KnollStudio products, and Richard Schultz Design. The KnollStudio portfolio includes a range of lounge seating, side, cafe and dining chairs, barstools, and conference, dining and occasional tables. Richard Schultz Design provides outdoor furniture. The Coverings segment includes KnollTextiles, Spinneybeck (including Filzfelt), and Edelman Leather. In February 2014, Knoll Inc completed the acquisition of Holly Hunt Enterprises, Inc.
Office Segment
The Company�� systems furniture consists principally of functionally integrated panels or table desks, work surfaces, pedestal and other storage units, power and data systems and lighting. The Company's systems furniture product lines include panel and desk-based planning models, which consists of Antenna Workspaces, Reff Profiles, AutoStrada, Dividends Horizon, Morrison, Equity and Currents. The Company�� principal seating product lines include generation by Knoll, ReGeneration by Knoll, LIFE, RPM and Chadwick. Essentials Work Chairs' Pro, Tech, and Sport models offer a range of four task and two side chairs suitable to any office style from the traditional to the progressive. The Company�� files and storage products, featuring the Template, Calibre and Series 2 product lines, are designed with features to maximize storage capabilities throughout the workplace.
The Company�� core files and storage products consist of lateral files, mobile pedestals and other storage units, bookcases and overhead storage ! cabinets.. The Company offers collections of adjustable tables, as well as meeting, conference, training, dining, and cafe tables for large scale projects and standalone desks and table desks. The Company's Interaction and Upstart product lines include adjustable, work, meeting, conference and training tables. These product lines range from independent tables to tables suitable for workstations that support individual preferences for computer and writing heights to plannable desks that can be linked together to build and reshape larger work areas. KnollExtra offers accessories that complement Knoll office furniture products, including technology support accessories, desktop organizational tools, lighting and storage.
Studio Segment
The KnollStudio portfolio includes a range of lounge seating; side, cafe and dining chairs, barstools, and conference, dining and occasional tables. The Company�� studio segment includes the Knoll Europe businesses. Knoll Europe provides products and services primarily to its European clients, whose aesthetics and styles can be different from its North America clients. A majority of Knoll Europe's business is Knoll Studio products, but Knoll Europe also offers a product profile that enables its customers to purchase a complete office environment. In addition, it offers certain products designed specifically for the European market. In Europe, the core product categories include KnollStudio, desk systems, including the Wa desking system, the KnollScope, and the PL1 system, seating, including a range of chairs, and storage units, which are designed to complement Knoll desk products. During 2012, it acquired Richard Schultz Design, Inc., a designer and manufacturer of outdoor furniture for the residential, hospitality, and contract office furniture markets.
Coverings Segment
The Company's Coverings segment consists of KnollTextiles, Spinneybeck Leather (including Filzfelt products), and Edelman Leather. KnollTextiles offers u! pholstery,! panel fabrics, wallcoverings and drapery that harmonize color, pattern and texture and offers products for corporate, hospitality, healthcare and residential interiors. KnollTextiles products are used in the manufacture of Knoll furniture and are sold to clients for use in other manufacturers' products. Spinneybeck Enterprises, Inc., (Spinneybeck), the Company's wholly owned subsidiary, offers leathers and related products, including leather rugs and wall panels. Spinneybeck supplies upholstery leather for use on Knoll furniture and for sale directly to clients, including other office furniture manufacturers, upholsterers, aviation, custom coach and boating manufacturers. Edelman Leather LLC, (Edelman) its wholly owned subsidiary, supplies fine leathers to residential, hospitality, aviation and contract office furniture markets. Edelman, offers a residential showroom network where designers and retail consumers can sample its products.
The Company competes with Herman Miller, Inc., Steelcase, Inc., Haworth, Inc., HNI Corporation and Teknion Corporation.
Advisors' Opinion:- [By John Udovich]
Small cap office furniture stock Steelcase Inc (NYSE: SCS) jumped 11.66% after beating earnings expectations, meaning it might be time to take a closer look at the stock along with potential office or commercial furniture stock peers like�HNI Corp (NYSE: HNI), Knoll Inc (NYSE: KNL) and Virco Mfg. Corporation (NASDAQ: VIRC). After all, the performance of any company selling office or commercial furniture would tend to give some insights into the office or employment markets.
- [By Seth Jayson]
Calling all cash flows
When you are trying to buy the market's best stocks, it's worth checking up on your companies' free cash flow once a quarter or so, to see whether it bears any relationship to the net income in the headlines. That's what we do with this series. Today, we're checking in on Knoll (NYSE: KNL ) , whose recent revenue and earnings are plotted below.
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