Login
Login     |     Register     |     Recover Username/Password

News

Negative Impact of Oil & Gas Exposure to Stabilize for United States Steel Corporation (X) by 2016

April 17, 2015

Philip Gibbs, a Vice President, Equity Research Analyst with KeyBanc Capital Markets, says the oil & gas sector accounts for about 10% of direct steel consumption in the United States, and perhaps a bit more if energy-related infrastructure is included. He says United States Steel Corporation (X) is among the companies with the most significant exposure to oil & gas drilling companies. “Historically, US Steel has generated 30% to 40% of their EBITDA generation from that market,” Gibbs says. “And they’ve concurrently announced layoffs along with many other participants in the market.” FOR MORE INFORMATION ON THIS INTERVIEW CLICK HERE...
more

Uranium Outlook, IRS Investigation Cast Shadow for Cameco Corporation (USA) (CCJ)

April 16, 2015

David Talbot, Vice President and Senior Mining Analyst at Dundee Capital Markets, has a “buy” rating on industry leader Cameco Corporation (USA) (CCJ). He says the company is poised to benefit in a strong price environment, and is often a first choice among investors. “They recently reported record annual revenue with 30% higher realized prices than spot,” Talbot says. “Operations are working exceptionally well.” FOR MORE INFORMATION ON THIS INTERVIEW CLICK HERE. However, Talbot says Cameco’s management does have a fairly bleak near-term outlook for uranium, and they are deferring capital projects and future production. In addition, the U...
more

Hudbay Minerals Inc Ord Shs (HBM) Has Impressive Growth Profile

April 15, 2015

Haywood Securities Analyst Stefan Ioannou says he has a favorable view of Hudbay Minerals Inc Ord Shs (HBM) because the company has an impressive growth profile going forward. He says Hudbay’s mainstay is in the Flin Flon region of Manitoba, which is a historic, world-class mining camp. “They’ve got three mines currently in production there, namely 777, Lalor and Reed,” Ioannou says. “Lalor is relatively new and stands to replace 777 as the camp’s flagship deposit with notable exploration upside potential.” FOR MORE INFORMATION ON THIS INTERVIEW CLICK HERE. Ioannou says Hudbay also has a lot of zinc production in its profile, and is working to establish commercial production at Constancia, which is a large copper project in Peru...
more

Rio Tinto plc (RIO) Drilling High-Grade Nickel Deposit Through Its JV

April 15, 2015

Haywood Securities Analyst Stefan Ioannou that Talon Metals Corp. (TLO) is one of three very good high-grade nickel explorers. Through Talon’s JV with Rio Tinto plc (RIO), the company has a project in Minnesota called Tamarack, where they are drilling a high-grade deposit. “It is shaped like a tadpole, and all the drilling right now is focused on the high-grade tail,” Ioannou says. “But there is the large head of the tadpole that hasn’t been tested yet. I think that’s why Rio Tinto is interested in it.” FOR MORE INFORMATION ON THIS INTERVIEW CLICK HERE. Even if the head doesn’t work out, Ioannou says the tail on its own has already demonstrated grade and size potential that’s significant enough to attract a small- to mid-tier producer...
more

Stillwater Mining Company (SWC) Cuts SG&A By 35%

April 13, 2015

Stillwater Mining Company (SWC) CEO Mike McMullen says the company has reduced its SG&A spend by about 35%. He says the cuts have been achieved through various reductions and productivity enhancements over the last six months. “We cut headcount within the company as a whole from when I started to today by over 160 people, and that was achieved through a combination of reorganizations in the salaried ranks and voluntary severances in the hourly work force — where we offered people a package if they wanted to leave — and through natural attrition,” McMullen says. “So we haven’t replaced all of the people that have left.” FOR MORE INFORMATION ON THIS INTERVIEW CLICK HERE...
more

Alcoa Inc (AA) Moves Back Into Raw Materials Through Acquisition

April 13, 2015

Jorge M. Beristain, Managing Director at Deutsche Bank Securities Inc., says he thinks Alcoa Inc’s (AA) acquisition of RTI International Metals makes perfect sense. He says it complements Alcoa’s existing titanium business and helps them integrate back into raw material. “Companies are trying to move themselves away from China in the sense that you don’t want to be competing head to head even in processed commodity supply right now,” Beristain says. “However, if you’re able to move a bit further downstream perhaps into titanium, which is much more of a technologically driven metal, then you are able to maintain margins and still hold the line on pricing and get away from head-to-head competition with China...
more

Dollar Tree, Inc. (DLTR) to More Than Double Store Base with Acquisition of Family Dollar (FDO)

April 10, 2015

Managing Director Stephen M. Goddard of The London Company of Virginia says Dollar Tree, Inc. (DLTR) is a position in his firm’s madcap strategy that has appreciated meaningfully, and is one reason behind the firm’s high exposure to the consumer discretionary space. “Dollar Tree, our largest holding, has done very well and is currently about 6% of the strategy. We have confidence in the management team meeting many of the metrics we are seeking: high returns of capital, shareholder-oriented capital allocation and a reasonable valuation,” Goddard said. FOR MORE INFORMATION ON THIS INTERVIEW CLICK HERE. While normally wary of acquisitions, Goddard says Dollar Tree has been disciplined in its deal for Family Dollar, which will more than double its store base...
more

March Executive Turnover Defies Weakened Job Growth Numbers

April 09, 2015

Last Friday, April 3, the U.S. Government released its job growth and employment numbers for March, and to most analysts’ surprise, the totals were quite weak and well below most analysts’ expectations. Liberum Research, which tracks executive turnover in public companies saw the situation a bit differently. Liberum’s North American executive turnover numbers were much better than the U.S. government job growth and and unemployment numbers for March. While Liberum’s March figures were far from terrific, they continued to point in a positive direction for the North American economy particularly the United States economy...
more

Dominion Midstream Partners LP (DM) Worth Its Premium Valuation

April 08, 2015

RBC Capital Markets Analyst TJ Schultz says he thinks drop-down stories have highly visible growth that warrants premium valuations despite crude volatility. He says Dominion Midstream Partners LP (DM) is one of his favorite drop-down stories, and a stock for which he’s willing to pay up for the visible growth. “Dominion Midstream has some of the most explicit and clear distribution growth guidance in the entire MLP space,” Schultz says. FOR MORE INFORMATION ON THIS INTERVIEW CLICK HERE. At its analyst day in February, Dominion Midstream’s management unveiled plans to support a 22% distribution compound annual growth rate through 2020...
more

Enterprise Products Partners L.P. (EPD) Largely Unaffected By Producer Customers’ Slowed Drilling

April 08, 2015

TJ Schultz, Analyst with RBC Capital Markets, says Enterprise Products Partners L.P. (EPD), a bellwether for the MLP sector, is one of his favorite defensive names in the space. Unlike less defensive peers, Schultz says Enterprise is continuing rather unaffected from a growth perspective as producer customers slow their drilling plans. “EPD has no general partner, it has high distribution coverage, it is investment-grade, and the growth profile really hasn’t budged in our view,” Schultz says. “So you’ve seen a pretty distinctive split between those MLPs that we view as defensive and those that have a little bit more exposure to some of the changes in producer activity...
more

Waddell & Reed Financial, Inc. (WDR) Faces Headwinds But Expected to Rebound and Reward Investors

April 07, 2015

Analyst Macrae Sykes of Gabelli & Company has always liked Waddell & Reed Financial, Inc.’s (WDR) business, but he says in the last year and a half the company has stumbled. He says this is a reflection of different aspects, and he expects the company to rebound and gain strength in the next several years. “They’ve had management turnover, whether it was one of their stars leaving their largest funds unexpectedly, retiring, and they also had a manager dismissed for cause, and they’ve had underperformance in their largest fund, the Ivy Asset Strategy. So the firm has been dealing with some unexpected turnover and some underperformance, which led to some outflows last year,” Sykes said...
more

Commodity Stabilization Could Mean Attractive Upside for NGL Energy Partners LP (NGL)

April 06, 2015

Nathan Judge, Analyst covering the MLP sector at Janney Montgomery Scott, says NGL Energy Partners LP (NGL) is one of the stocks he is positive about right now. He says the company has a bit more commodity exposure than other MLPs. “Only 45% of its cash flows are actually contracted or fee-based, but that’s growing to about 65%, maybe even 70%, by 2017,” Judge says. FOR MORE INFORMATION ON THIS INTERVIEW CLICK HERE. In a recovering or stabilizing commodity price environment, Judge says the outlook for NGL Energy Partners could improve. He says expectations have already come down quite a bit, and he believes the downside has been priced in...
more

Kinder Morgan Inc (KMI) Deal Not an Indication That MLP Business Model is Broken

April 06, 2015

In the wake of the Kinder Morgan Inc (KMI) deal, Nathan Judge, Analyst covering the MLP sector at Janney Montgomery Scott, says a question that investors are still asking is whether or not a lot of other companies will follow suit and undo an MLP. Judge’s answer is no. “We think that the MLP business model is not broken,” Judge says. “There was an unusual situation for Kinder Morgan, and it worked in their instance, but it’s going to be very rare for another company to be in a comparable situation and to choose that route of addressing their issues.” FOR MORE INFORMATION ON THIS INTERVIEW CLICK HERE. Judge says the primary issue for Kinder Morgan was resetting the incentive distribution rights...
more

AMERCO (UHAL) Creates Network Effect Competitors Can’t Match

April 02, 2015

Portfolio Manager Lee Kronzon of Gator Capital Management says AMERCO (UHAL) is a very high-quality business and an attractive investment for many reasons. “AMERCO is the industry leader in North America as the largest do-it-yourself moving truck and trailer rental firm. But AMERCO is also the second-largest self-storage facility operator in North America. Many of AMERCO’s truck rental facilities also have storage facilities attached to them. And that creates a great vertical integration opportunity that many competitors don’t have,” Kronzon said. FOR MORE INFORMATION ON THIS INTERVIEW CLICK HERE. While AMERCO has industry leadership that is important to the company, Kronzon says that the company benefits even more so from high entry barriers, and that its vast network is its competitive moat...
more

Tessera Technologies, Inc. (TSRA) Attractively Priced Given Growth Prospects and Recurring Revenues

April 01, 2015

Tessera Technologies, Inc. (TSRA) is one of Lee Kronzon’s favorite investment ideas. A Portfolio Manager at Gator Capital Management, Mr. Kronzon says Tessera has many appealing features and exemplifies what he looks for in an investment. “Tessera focuses primarily on semiconductor packaging and image-processing solutions. For example, Tessera provides the red-eye removal technology that you see in digital still cameras and smartphone camera features for image processing,” Kronzon said. “Tessera has over 20 years of leadership in I.P. development with over 3,700 issued and pending patents.” FOR MORE INFORMATION ON THIS INTERVIEW CLICK HERE...
more
Page 1 | Next 15 | Page 115
Top Company Interviews
TWST
Register for a Free Account to gain greater access to The Wall Street Transcript right now