Late on Monday, tax preparer H&R Block Inc (NYSE: HRB) said that it second quarter net loss narrowed to $135.9 million, or 41 cents a share, from a loss of $502.3 million, or $1.55 in the corresponding quarter in 2007.[More...]
The past year has been less than miraculous at Scotts Miracle-Gro (SMG). For starters, its stock has declined 36% since last September. As Michelle chronicled in 2007 (here and here), there have been a series of executive arrivals and departures. And the company’s recent 10-Q cites several problems in 2008, including a voluntary recall of bird food, an investigation by [...]
Potash Corp. (POT) has leverage in higher fertilizer application rates, higher crop plantings, increasing demand for biofuels and rising crop prices. The company is located in low cost areas and its financials are solid. Hence, we rate the stock a Buy with a target price of $250. This is 18.9x our 2008 estimate. Potash Corporation enjoys significant cost advantage with regard to raw materials. All potash produced by the company in Saskatchewan is in the area, where extensive potash deposits are found. Moreover, the company has lower cost nitrogen operations in Trinidad due to the long-term, lower-cost gas contracts with Natural Gas Company of Trinidad and Tobago Limited as well as a proximity to the U.S. market. In response to the rising prices of potash products, the company has engaged in the expansion and development of projects that[More...]
Motorola, Inc. (MOT), a leading manufacturer of mobile handsets, network infrastructure and cable products, declared better than expected second quarter 2008 financial results supported by higher mobile handset sales and encouraging performance with its H[More...]