Financial Results, Strategic Agreements, New Study Release, Mergers, and Technical Updates - Research Reports on Staples, Conn's, CBS, UPS and Tim Hortons
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NEW YORK, September 5, 2014 /PRNewswire/ --
Today, Analysts Review released its research reports regarding Staples, Inc. (NASDAQ: SPLS), Conn's, Inc. (NASDAQ: CONN), CBS Corporation (NYSE: CBS), United Parcel Service, Inc. (NYSE: UPS) and Tim Hortons Inc. (NYSE: THI). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/6249-100free.
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Staples, Inc. Research Reports
On September 2, 2014, the stock of Staples, Inc. (Staples) gained 8.13% and closed at $12.63, marking the sixth consecutive session of its northward journey. According to a Bloomberg report dated September 3, 2014, the latest surge in the stock price followed comments from a Credit Suisse analyst Gary Balter who suggested Staples should buy rival office supply retailer Office Depot Inc. to fend off online retailers. According to the report, Balter sees the deal reducing Staples' costs by $1.44 billion, while more than doubling the combined operating profit by 2017. Balter expects the deal to boost Staples shares as high as $30 by 2017, according to Bloomberg report. The full research reports on Staples are available to download free of charge at:
http://www.analystsreview.com/Sep-05-2014/SPLS/report.pdf
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Conn's, Inc. Research Reports
On September 2, 2014, Conn's, Inc. (Conn's) announced its Q2 FY 2015 financial results (period ended July 31, 2014) with total revenues of $353.0 million, up 30.4% YoY. Net income stood at $17.7 million or $0.48 per diluted share in Q2 FY 2015, versus $19.1 million or $0.52 per diluted share in Q2 FY 2014. Adjusted diluted EPS reported at $0.50 versus $0.52 in Q2 FY 2014. According to Bloomberg, analysts had projected Conn's Q2 FY 2015 earnings at $0.75 per share. Theodore M. Wright, Conn's Chairman and CEO commented, "The retail segment had another outstanding quarter with higher gross margins, expanded operating margins, and the 12th consecutive quarter of increasing same store sales." He added, "Tighter underwriting and better collections execution did not offset deterioration in our customer's ability to resolve delinquency." On the same day, Conn's stock plunged nearly 31% to hit a new 52-week low after the Company lowered its expectation for FY 2015 EPS amid higher expected provision for bad debts and the issuance of $250 million in 7.25% senior unsecured notes in July 2014. Conn's now expects FY 2015 adjusted diluted EPS to range from $2.80 to $3.00. The full research reports on Conn's are available to download free of charge at:
http://www.analystsreview.com/Sep-05-2014/CONN/report.pdf
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CBS Corporation Research Reports
On August 28, 2014, CBS Corporation (CBS) announced that it has a entered into a comprehensive deal with LIN Media to renew its existing station affiliation agreements for 12 LIN stations in ten markets nationwide. "We are pleased to continue our relationship with LIN under this renewed agreement," said Ray Hopkins, President, Television Networks Distribution, CBS. "Nearly all of LIN's CBS stations rank #1 in their markets, and we are gratified that the full value of that CBS programming has been recognized. We look forward to reaching LIN's more than 4 million households for years to come." The full research reports on CBS are available to download free of charge at:
http://www.analystsreview.com/Sep-05-2014/CBS/report.pdf
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United Parcel Service, Inc. Research Reports
On September 2, 2014, United Parcel Service, Inc. (UPS) released the outcome of UPS Business Monitor Export Index Latin America (BMEI) - a study which underscores the best export practices implemented by some of the leading small and medium-sized enterprises (SMEs) in Latin America. The study, commissioned by UPS and conducted by RGX Global Export Network, revealed the key factors for success including the importance of partnering with a cross-functional logistics provider, conducting research, leveraging discounts, implementing competitive pricing and attaining product certification. The eight countries surveyed in the study included Brazil, Chile, Colombia, Costa Rica, Dominican Republic, Mexico, Panama and Peru. The full research reports on UPS are available to download free of charge at:
http://www.analystsreview.com/Sep-05-2014/UPS/report.pdf
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Tim Hortons Inc. Research Reports
On August 26, 2014, Tim Hortons Inc. (Tim Hortons) and Burger King Worldwide Inc. (Burger King) jointly announced that the two companies have reached a definitive agreement to create the world's third largest quick service restaurant company. Under the terms of the transaction, Tim Hortons shareholders will receive (Canadian dollar) C$65.50 in cash and 0.8025 common shares of the new company, per Tim Hortons share. Based on Burger King's unaffected closing stock price as of August 22, 2014, this represents total value per Tim Hortons share of C$89.32 - a premium of 30% based on Tim Hortons closing stock price on August 22, 2014. 3G Capital, which currently owns around 70% of equity stake in Burger King, will own 51% of the merged entity. The Company informed that Warren Buffet led Berkshire Hathaway has committed $3 billion of preferred equity financing for the deal, but it will have no participation in the management. According to Tim Hortons, with approximately $23 billion in system sales, over 18,000 restaurants in 100 countries and two strong, thriving, independent brands, the new company will have significant growth potential. The full research reports on Tim Hortons are available to download free of charge at:
http://www.analystsreview.com/Sep-05-2014/THI/report.pdf
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