Recognition, Financial Results, Conference Presentation Schedule, Cash Tender Offers, and Stock Price Update - Analyst Notes on Whirlpool, Skullcandy, iRobot, Pitney Bowes, and VeriFone Systems
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NEW YORK, March 12, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Whirlpool Corp. (NYSE: WHR), Skullcandy, Inc. (NASDAQ: SKUL), iRobot Corporation (NASDAQ: IRBT), Pitney Bowes Inc. (NYSE: PBI), and VeriFone Systems, Inc. (NYSE: PAY). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.AnalystsReview.com/register
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Whirlpool Corp. Analyst Notes
On February 28, 2014, Whirlpool Corp. (Whirlpool) reported that it has once again been honored as one of Fortune Magazine's World's Most Admired Companies. The Company informed that it has received the fourth consecutive award in the Home Equipment, Furnishings industry category. Jeff M. Fettig, Chairman and CEO of Whirlpool said, "It is an honor to once again be named to Fortune Magazine's annual list of the World's Most Admired Companies. For more than 100 years, Whirlpool Corporation has built a foundation for growth through forward-thinking products from exceptional brands, disciplined operating processes and talented employees. Our constant mindset of innovation that matters allows us to continue bringing the very best in home solutions to consumers around the world. We're proud to have held strong, positive scores on the list this year, particularly in social responsibility and innovation and we're committed to continued success in 2014." The full analyst notes on Whirlpool Corp. are available to download free of charge at:
http://www.AnalystsReview.com/03122014/WHR/report.pdf
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Skullcandy, Inc. Analyst Notes
On March 6, 2014, Skullcandy, Inc. (Skullcandy) reported its financial results for Q4 2013 and full-year 2013. The Company's net sales were $72.2 million for Q4 2013, down 28.4% YoY, while gross margin was 43.5%. Skullcandy's net income attributable to the Company was $3.6 million or $0.13 per diluted share for Q4 2013, compared to $11.5 million or $0.41 per diluted share in Q4 2012. For full-year 2013, net loss attributable to Skullcandy was $3.0 million or $0.11 loss per diluted share, compared to net income attributable to Skullcandy of $25.9 million or $0.92 per diluted share in full-year 2012. Hoby Darling, President and CEO of Skullcandy, commented, "2013 was a year of tremendous positive change geared toward executing our turnaround strategy. The year was capped off by a strong fourth quarter performance focused on reinforcing our brand ethos and positioned the business for long-term success. The great work the team has done establishing a new direction for the Company speaks volumes about our people and our culture and the foundation we are building. With our five key growth pillars established and a clear understanding of our consumer, where we will innovate and focus, and a segmented distribution strategy, it is now about executing. We are confident we can achieve our vision of being a global audio leader while delivering profitable growth, increased shareholder value and living by our core values." The full analyst notes on Skullcandy, Inc. are available to download free of charge at:
http://www.AnalystsReview.com/03122014/SKUL/report.pdf
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iRobot Corporation Analyst Notes
On March 5, 2014, iRobot Corporation (iRobot) reported that Alison Dean, the Company's Executive Vice President and CFO, will take part at the Sidoti & Company, LLC's Emerging Growth Research Institutional Investor Forum, to be held in New York. According to the Company, Dean will present iRobot's achievements and financial outlook at the conference on Tuesday, March 18, 2014 at 9:20 a.m. ET. The full analyst notes on iRobot Corporation are available to download free of charge at:
http://www.AnalystsReview.com/03122014/IRBT/report.pdf
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Pitney Bowes Inc. Analyst Notes
On March 4, 2014, Pitney Bowes Inc. (Pitney Bowes) announced that it has increased the maximum amount in respect of its previously announced cash tender offer for its 5.250% Notes due 2037, 5.750% Notes due 2017, 4.750% Notes due 2016, 4.750% Notes due 2018 and 5.600% Notes due 2018, from a combined aggregate principal amount of $350 million to $500 million. According to the Company, all other terms of the cash Tender Offer, as formerly declared, remained unchanged. The Company stated that it will utilize net proceeds from the Notes Offering, along with cash on hand, to finance the purchase of the Notes validly tendered (and not validly withdrawn) and accepted for purchase in accordance with the Tender Offer, and to settle all fees and expenses in connection therewith. The full analyst notes on Pitney Bowes Inc. are available to download free of charge at:
http://www.AnalystsReview.com/03122014/PBI/report.pdf
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VeriFone Systems, Inc. Analyst Notes
On March 6, 2014, VeriFone Systems, Inc.'s (VeriFone Systems) stock declined 1.86%, ending the day at $29.50. Over the previous five trading sessions, shares of VeriFone Systems increased 1.90%, compared to the Dow Jones Industrial Average Index which increased 0.80% during the same period. The full analyst notes on VeriFone Systems, Inc. are available to download free of charge at:
http://www.AnalystsReview.com/03122014/PAY/report.pdf
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