Login
Login     |     Register     |     Recover Username/Password

News

The Chairman and CEO of Catamaran Corp (CTRX) and How He Built His Business

March 30, 2015

In 2013, The Wall Street Transcript interviewed Mark Thierer, the Chairman and Chief Executive Officer of Catamaran Corp (CTRX). UnitedHealth Group has just announced that it will be acquiring Catamaran for $61.50 per share, a premium over the closing price of $50.29 per share at the time the interview was published. Mr. Thierer details his growth strategy in detail in his interview. FOR MORE INFORMATION ABOUT THIS INTERVIEW, CLICK HERE. Mr. Thierer has been instrumental in redefining the way pharmacy benefits are managed by successfully merging two industry-leading PBMs — SXC Health Solutions and Catalyst Health Solutions — to create Catamaran, a $10 billion company scaled to drive significant client savings...
more

MPLX LP (MPLX) Poised for High 20s Growth Rate

March 30, 2015

Shneur Gershuni, executive director in the Energy Group at UBS Investment Bank, says MPLX LP (MPLX) is one of his favorite MLP investment options this year. MPLX was created by its parent, Marathon Petroleum Corporation (MPC), and Gershuni says Marathon has a good deal of assets to sell to MPLX. “So we’re expecting the growth rate to be in the high 20s on a go-forward basis,” Gershuni says. “We think that they may potentially sell and move more assets down into the MLP structure.” FOR MORE INFORMATION ABOUT THIS INTERVIEW CLICK HERE. In addition to the attractive growth rate, Gershuni says he also likes MPLX’s relative valuation...
more

Plains All American Pipeline, L.P. (PAA) Likely to be Acquisitive in Current Environment

March 27, 2015

Stephens Inc. MLP Analyst Matt Schmid says Plains All American Pipeline, L.P. (PAA) is likely to be acquisitive in the current environment. He says the company is investment-grade rated, has a very low cost of capital and a great asset footprint. “They made a small acquisition of a Williston crude oil terminal that they announced earlier this week,” Schmid says. “They also had a couple of nice project announcements, and with their asset footprint they’re ones that really can take advantage of companies in more stressed positions, being able to pick up assets over the course of the year. This week they also announced a partnership with Magellan (NYSE:MMP) for the Saddlehorn pipeline from the DJ Basin to Cushing...
more

Markwest Energy Partners LP (MWE) Growing Fee-Based Agreements

March 27, 2015

Stephens Inc. MLP Analyst Matt Schmid says one of his top picks this year is Markwest Energy Partners LP (MWE). He says the company has a best-in-class processing asset base in the Marcellus and Utica, serving top customers there like Range (NYSE:RRC), Antero (NYSE:AR), EQT (NYSE:EQT). Schmid says the company has a bit of commodity sensitivity, and took its distribution guidance down a bit from 7% to 4.5% growth this year. But, he says Markwest is really growing its fee-based agreements. FOR MORE INFORMATION ON THIS INTERVIEW CLICK HERE. “I think approaching 90% of their cash flow is going to be fee-based this year on this updated guide,” Schmid says...
more

Margins at T. Rowe Price Group Inc (TROW) Near 50%

March 26, 2015

Research Analyst Macrae Sykes of Gabelli & Company says he continues to hold T. Rowe Price Group Inc (TROW) because of the company’s improving fundamentals, exposure to the retirement market and extraordinary margins. “One holdover from last year is T. Rowe Price. It has a wonderful brand, a very strong management team, is extraordinarily well-capitalized and has a terrific lineup of funds,” Sykes said. FOR MORE INFORMATION ON THIS INTERVIEW CLICK HERE. Sykes says that with the improving economy there is more demand for retirement savings as people try to catch up. As one of the larger firms in that channel, T. Rowe Price directly benefits from that secular growth...
more

AAR Corp. (AIR) Has Recurring Revenue Stream as Airline Spare Parts Supplier

March 20, 2015

CEO Nicholas Galluccio of Teton Advisors, Inc. says AAR Corp. (AIR) is a stock his firm has held for many years, and continues to hold as airlines increasingly outsource their spare parts inventory and maintenance. “AAR Corp. is a company that is a spare parts supplier and a logistics manager for the global airline industry. Many of the large airlines are their major customers,” Galluccio said. “AAR historically refurbishes spare parts and resells them to the global airline industry, and contracts to be the inventory manager for those spare parts as well.” FOR MORE INFORMATION ON THIS INTERVIEW CLICK HERE. Galluccio says AAR also buys used airplanes to strip for parts, then refurbishes the parts to resell them...
more

Physicians Realty Trust (DOC) Grows Asset Base and Net Operating Income

March 19, 2015

Investment Research Analyst Marc Roberts saw many opportunities a year ago for Physicians Realty Trust (DOC) to parlay capital into the small and midsize medical office market. Roberts says Physicians Realty has delivered, and grown its asset base along with its net operating income. “What they focus on are small to midsize transactions in medical office buildings, so they are owners of the real estate. This is an asset class where you have pretty long-term leases,” Roberts said. “The management team worked at other health care realty companies before, so they were experienced and in the process of raising more capital. We saw that there were many opportunities a year ago for them to put this money to work in these smaller and midsize medical office buildings at what we thought were pretty attractive rates of return...
more

CoreSite Realty Corp (COR) Focused on More Sophisticated, Data-Driven Offerings

March 18, 2015

CoreSite Realty Corp (COR) CEO Tom Ray says the company is working to respond to market demands as customers become more sophisticated. He says that in the 15 years that CoreSite has been in business, customers have become significantly more aware about what they buy in the data center colocation and interconnection space. “So we have been driven to getting better and clearer around how we create value for the customer,” Ray says. “Being a one-size-fits-all data center colocation provider, approaching the market in this very generic fashion, really doesn’t work very well any longer, or at least we believe it does not generate strong investor returns...
more

Equinix Inc (EQIX) Likely to Be Embraced By REIT Market

March 18, 2015

Equinix Inc (EQIX) is converting to REIT effective this year. David Rodgers, Analyst with Robert W. Baird & Co., says he hasn’t decided yet whether he’ll add the stock to his coverage, but he believes it will receive a warm reception in the REIT market. “I think with regard to the pluses and minuses of conversion, I don’t know that there are too many detrimental impacts for a company like that,” Rodgers says. “Obviously over time they end up picking up the tax efficiency benefits, the ability to return more capital to investors, and I think that a company like Equinix can probably continue to generate a sufficient amount of cash flow to support their own growth as we see with CoreSite and DuPont in particular...
more

Twenty-First Century Fox Inc (FOX) Raises Dividend 50%, Has Highest Return on Investment of All Studios

March 17, 2015

Lead Portfolio Manager Matt Moran of River Road Asset Management sees many reasons to include Twenty-First Century Fox Inc (FOX) in his portfolio. Moran says the company has the highest return on invested capital among all the studios, and is inexpensive for such a high-quality business. “You’ve got probably the world’s best collection of cable assets. They have the largest group of regional sports networks. If you think about the DVR world that we live in, the one form of content that is immune to DVRs is sports because people tend to watch sports live, and that’s very attractive to advertisers,” Moran said. “They also have a broadcast segment with retransmission agreements that will grow over time...
more

February Saw a Number of Surprising Trends as Tracked by Liberum Research

March 16, 2015

February saw a number of surprising changes in executive turnover as tracked by Liberum Research.  Unlike previous months, Liberum registered declines in all four key categories, CEOs, CFOs, All C-level, and Board of Directors.  We have not seen this level of a drop since the financial crisis back in 2008. A precipitous drop of this kind could present a problem for the North American Economy if it continues for a number of months.  Liberum believes the drop is an outlier and will not continue as we move into the early spring.  It is likely some of the drop might even be attributed to the severe winter weather in the U.S. Northeast.  Liberum Research remains positive overall about the North American economies, particularly the United States...
more

Microsoft Corporation (MSFT) Has Recipe for Compounding Success

March 16, 2015

Lead Portfolio Manager Matt Moran of River Road Asset Management says there is a misunderstanding in the investment community in terms of Microsoft Corporation’s (MSFT) business and what is driving the company. “Some investors think that Windows is really driving the bus here, but it’s not. In fact, consumer Windows is just 6% of total sales and business; Windows is more like 11% and actually growing. If you value the company based on the cash flows that come from the Office division and the servers business and then add back the cash, you get to a low $40s value. The stock ended 2014 in the mid $40s,” Moran said. FOR MORE INFORMATION ON THIS INTERVIEW CLICK HERE...
more

Patterson-UTI Energy, Inc. (PTEN) Capable of $2 EPS in Next Cycle

March 13, 2015

Nicholas F. Galluccio, President & CEO of Teton Advisors, Inc., says Patterson-UTI Energy, Inc. (PTEN) is a core holding in his company’s small-cap fund. Patterson-UTI, Galluccio says, has the best fleet of high-performance domestic land-based drilling rigs, and is better insulated from weak oil prices than others in the industry. “We think that oil prices weakened as a result of the OPEC situation. Service providers will bear a significant negative impact from the reductions, but we believe Patterson will be more insulated because the company has more high-end electrical, not mechanical, rigs that are suited to unconventional horizontal drilling, and they command higher rates, and the industry will move to upgrade its fleet of rigs leased out to energy customers for greater productivity per rig,” Galluccio said...
more

Oshkosh Corporation (OSK) Improves Free Cash Flow, Sees Opportunities in End Markets

March 11, 2015

Portfolio Manager Laton Spahr of OppenheimerFunds says one of his firm’s top holdings is Oshkosh Corporation (OSK). Spahr says the company has improved its free cash flow, which isn’t showing up in the multiple the market has put on the stock. “That is something we look at a lot, where there is an underlying return-on-invested-capital improvement, you haven’t seen it reflect in any multiple expansion, and we saw that over the last 12 months or so within Oshkosh,” Spahr said. FOR MORE INFORMATION ON THIS INTERVIEW CLICK HERE. Spahr points to the concern about an inventory pricing issue at the company, but says his firm researched and found that Oshkosh’s strategy for dealing with the situation was strong...
more

Grupo Televisa SAB (ADR) (TV) an Undervalued Stock with Hidden Univision Asset

March 10, 2015

Associate Portfolio Manager Lawrence J. Haverty Jr. of GAMCO Investors believes that Grupo Televisa SAB (ADR) (TV) is undervalued. The Mexico-based broadcasting company has a monopoly in the area as well as a hidden asset in Univision, Haverty says. “We have owned Grupo Televisa since it went public, which I think was 1994. It is a wonderful business,” Haverty said. “Televisa is run by very smart people, and they have invested the free cash flow generated by broadcasting very well. Their broadcasting business has close to 50% margin.” FOR MORE INFORMATION ON THIS INTERVIEW CLICK HERE. Haverty says Grupo Televisa now owns large cable systems and is a partner with both DIRECTV (DTV) and SKY Mexico...
more
Page 1 | Next 15 | Page 114
Top Company Interviews
TWST
Register for a Free Account to gain greater access to The Wall Street Transcript right now