Yesterday, shares of Monro Muffler Brake (MNRO) plunged 3.1% after Barron’s Leslie Norton panned the stock in this weekend’s issue of the magazine. And wouldn’t you know it? Monro’s shares are skidding lower once again today.
Norton’s argument was straightforward:
At a recent $62, Rochester, N.Y.based Monro (ticker: MNRO) trades at a lofty 28 times forward earnings, compared with a 10-year average of 21.1, and 17 times earnings for the Standard & Poors 500. With sales growth slowing as competition increases, Monros strategic goal of achieving 15% annual sales gains and 20% profit growth seems distant.
Any hint of more sluggish sales could push the shares down at least 10%. Bruce Geller, CEO of money manager Dalton Greiner Hartman Maher, who is short the stock, says, A fairly commoditized business with low organic growth deserves a more reasonable multiple of 20 times.
5 Best High Dividend Stocks To Invest In 2017: The Hain Celestial Group, Inc.(HAIN)
The Hain Celestial Group, Inc. manufactures, markets, distributes, and sells organic and natural products in the United States, the United Kingdom, Canada, and Europe. Its grocery products include infant formula; infant, toddler, and kids foods; diapers and wipes; rice and grain-based products; flour and baking mixes; breads, hot and cold cereals, pasta, condiments, cooking and culinary oils, granolas, granola bars, and cereal bars; canned, chilled fresh, aseptic, and instant soups; Greek-style yogurt; chilies and packaged grains; and chocolates and nut butters, as well as plant-based beverages and frozen desserts, such as soy, rice, almond, and coconut. The companys grocery products also comprise juices, hot-eating, chilled and frozen desserts, cookies, crackers, gluten-free frozen entrees and bars, frozen pastas and ethnic meals, frozen fruits and vegetables, cut fresh fruits, refrigerated and frozen soy protein meat-alter native products, tofu, seitan and tempeh products, jams, fruit spreads and jelly, honey, marmalade, and other food products. In addition, it provides snack products, such as potato, root vegetable, and other vegetable chips, as well as straws, tortilla chips, whole grain chips, pita chips, puffs, and popcorn; specialty teas, including herbal, green, black, wellness, rooibos, and chai tea lattes; ready-to-drink beverages comprising organic kombucha and chai tea lattes; personal care products consisting of skin, hair and oral care, deodorants, baby care items, acne treatment, body washes, and sunscreens; and poultry and protein products, such as turkey and chicken products. The company sells its products through specialty and natural food distributors, supermarkets, natural food stores, mass-market and e-commerce retailers, food service channels and club, and drug and convenience stores in approximately 70 countries worldwide. The Hain Celestial Group, Inc. was founded in 1993 and is headquartered in Lake Success, New York.
- [By Ben Levisohn]
JPMorgan’s Ken Goldman and Joshua Levine explain why they’re refusing to follow at least six of their fellow analysts and cut their rating on Hain Celestial Group (HAIN) after the natural-products company said it had to delay the release of its earnings due to accounting irregularities:
- [By Motif Investing]
The motif also has received some help from component Hain Celestial Group Inc (NASDAQ: HAIN), which has seen its stock rise 3.2 percent in the past month following the company’s earnings report last month, which underperformed profit expectations but no doubt helped prompt the company to announce a renewed focus on the bottom line.
5 Best High Dividend Stocks To Invest In 2017: Oil States International Inc.(OIS)
Oil States International, Inc., through its subsidiaries, provides specialty products and services to the oil and gas drilling and production companies worldwide. It operates in four segments: Accommodations, Offshore Products, Well Site Services, and Tubular Services. The Accommodations segment offers temporary and permanent work force accommodation services for people working in remote locations. The Offshore Products segment designs and manufactures flexible bearings and connector products; sub sea pipeline products; marine winches, mooring systems, and cranes and rig equipment; and conductor casing connections and pipes, as well as provides blowout preventer stack assembly, integration, testing, and repair services; and drilling riser and related repair services. The Well Site Services segment offers a range of products and services that are used to drill for, and establish and maintain the flow of oil and gas from a well throughout its lifecycle. This segment engages in the rental of wireline and coiled tubing pressure control equipment; wellhead isolation equipment; pipe recovery systems; thru-tubing fishing services; hydraulic chokes and manifolds; blow out preventers; well testing and flowback equipment; gravel pack operations on well bores; and surface control equipment and down-hole tools utilized by coiled tubing operators. This segment also provides land drilling services. The Tubular Services segment distributes a range of casing and tubing products; and offers threading, logistical, and inventory management services. The company serves national oil companies, independent oil and gas companies, onshore and offshore drilling companies, and other oilfield service and mining companies. Oil States International, Inc. was founded in 1995 and is based in Houston, Texas.
- [By Michael J. Carr]
Einhorn selects investments with a traditional value approach, although he may not be as patient as a typical value investor. Einhorn took Apple (Nasdaq: AAPL) to court in an effort to force the company to return cash to shareholders, and more recently challenged Oil States International (NYSE: OIS) to unlock shareholder value.
Best India Stocks For 2017: Actuant Corporation(ATU)
Actuant Corporation, incorporated on October 26, 1910, designs, manufactures and distributes a range of industrial products and systems to various end markets. The Company operates through three segments: Industrial, Energy and Engineered Solutions. The Company’s Industrial segment is primarily involved in the design, manufacture and distribution of branded hydraulic and mechanical tools to the maintenance, industrial, infrastructure and production automation markets. The Company’s Energy segment provides joint integrity products and services, customized offshore vessel mooring solutions, as well as rope and cable solutions to the global oil and gas, power generation and other energy markets. The Company’s Engineered Solutions segment provides engineered position and motion control systems to original equipment manufacturers (OEM) in various on and off-highway vehicle markets, as well as various other products to the industrial and agricultural markets.
The Company’s Industrial segment is a global supplier of hydraulic and mechanical tools to a range of end markets, including general maintenance and repair, industrial, oil and gas, mining, infrastructure and production automation. The Company’s primary products include high-force hydraulic tools, engineered heavy lifting solutions, workholding (production automation) solutions, and concrete stressing components and systems. Its high-force hydraulic and mechanical tools, including cylinders, pumps, valves, specialty tools and presses are designed to allow users to apply controlled force and motion. The hydraulic tools operate at high pressures of approximately 5,000 to 12,000 pounds per square inch and are generally sold by industrial and specialty fluid power distributors to customers in the infrastructure, mining, steel mill, cement, rail, oil and gas, power generation and general maintenance industries. In addition to providing a line of industrial tools , the segment also provides high-force hydraulic systems (in! tegrated solutions).
The Company’s integrated solutions standard product offering also includes hydraulic gantries, strand jacks and synchronous lift systems. The Industrial segment offers a range of workholding products (work supports, swing cylinders and system components) that are marketed through distributors to the automotive, machine tool and fixture design markets. In addition, the Industrial segment designs, manufactures and distributes concrete tensioning products (chucks and wedges, stressing jacks and anchors), which are used by concrete tensioning system designers, fabricators and installers for the residential and commercial construction, bridge, infrastructure and mining markets.
The Company’s Energy segment provides products and services to the global energy markets. The Company’s products include joint integrity tools and connectors for oil and gas and power generation installations and high performance ropes, cab les and umbilicals. In addition to these products, the Energy segment also provides mooring systems and joint integrity tools under rental arrangements, as well as technical manpower solutions. The products and services of the Energy segment are distributed and marketed under various brand names (principally Hydratight, Cortland and Viking SeaTech) to OEMs, maintenance and service organizations and energy producers in emerging and developed countries. Its joint integrity products include hydraulic torque wrenches, bolt tensioners, portable machining equipment and subsea connectors, which are either sold or rented to asset owners, service providers and end users. These products are used in the maintenance of bolted joints on oil rigs and platforms, wind turbines, refineries and pipelines, petrochemical installations, as well as fossil fuel and nuclear power plants. Its Hydratight business provides manpower services where its trained technicians perform bolting, machining and joint integrity work for customers. The Company delivers pro! ducts and! services through a localized infrastructure of rental and maintenance depots.
The Company’s Energy segment develops highly-engineered rope, umbilical and cable solutions to various markets, including oil and gas, heavy marine, subsea, remote operating vehicle (ROV) and seismic. With its global design and manufacturing capabilities, the Cortland business provides customized synthetic ropes, heavy lift slings, specialized mooring, rigging and towing systems, electro-optical-mechanical cables and umbilicals. These products are utilized in applications, often deployed in harsh operating conditions (subsea oil and gas production, maintenance and exploration). In addition, the Energy segment provides customers with a range of marine mooring equipment and associated services (survey, inspection, design and installation). Its Viking business delivers mooring solutions in the harshest environments to customers involved in offshore oil and gas exploration, offshore const ruction and renewable energy projects.
The Company’s Engineered Solutions segment designs and assembles customized position and motion control systems and other industrial products to various vehicle and other markets. The Engineered Solutions segment focuses on providing technical and highly engineered products, including actuation systems, mechanical power transmission products, engine air flow management systems, human to machine interface (HMI) solutions and other rugged electronic instrumentation. Products in the Engineered Solutions segment are primarily marketed directly to OEMs through a technical sales organization. The Company’s diesel engine air flow solutions, such as exhaust gas recirculation (EGR) systems and air flow actuators, are used by diesel engine and turbocharger manufacturers. It also sells actuation systems to a range of specialty vehicle customers, principally in the defense and off-highway markets. Its products include severe-duty electronic instrumentation, suc! h as disp! lays and clusters, machine controls and sensors, and HMI solutions and power transmission products, such as drive shafts, torque limiters, gearboxes, torsional dampers and flexible shafts. These products are sold to a range of markets, including agricultural implement, lawn and turf, construction, forestry, industrial, aerospace, material handling and security.
- [By Ben Levisohn]
Flexing the barbell strategy to balance Safe Havens with more cyclical exposures. In our view, industrials investors should be positioning their portfolio with a barbell strategy, with half of the exposure in Safe Havens like General Electric, Xylem (XYL), Danaher, Honeywell International, Roper Technologies (ROP), and AMETEK (AME), and the other half selectively in the cyclical names that are better positioned today, such as Pentair, HD Supply Holdings (HDS),Actuant (ATU), Atkore International Group (ATKR), Ingersoll-Rand, and Eaton (ETN). We still believe risk-reward is mostly balanced and that the macro will remain choppy into 2017, supporting a positioning in the defensive names. But if investor sentiment improves on not-worse news and earnings results, the more cyclical names could fare better.
- [By Monica Gerson]
Actuant Corporation (NYSE: ATU) is projected to report its quarterly earnings at $0.18 per share on revenue of $267.64 million. Actuant shares dropped 3.73 percent to close at $22.98 yesterday.
5 Best High Dividend Stocks To Invest In 2017: AFC Enterprises Inc.(AFCE)
AFC Enterprises, Inc. develops, operates, and franchises quick-service restaurants under the trade names of Popeyes Chicken & Biscuits and Popeyes Louisiana Kitchen. As of December 25, 2011, it operated and franchised 2,035 Popeyes restaurants in 45 states, the District of Columbia, Puerto Rico, Guam, the Cayman Islands, and 25 foreign countries. The company was founded in 1972 and is headquartered in Atlanta, Georgia.
- [By AnnaLisa Kraft]
AFC Enterprises (NASDAQ: AFCE ) , which owns the Popeye’s Louisiana Kitchen quick- serve chain, once an undiscovered gem, has now soared 66% over the last year.
5 Best High Dividend Stocks To Invest In 2017: Warren Resources Inc.(WRES)
Warren Resources, Inc., an independent energy company, engages in the exploration, development, and production of onshore crude oil and gas reserves in the United States. It primarily explores for oil reserves in the Wilmington field in California; and natural gas in the Washakie Basin in Wyoming. The company was founded in 1990 and is headquartered in New York, New York.
- [By Lisa Levin]
Shares of Warren Resources, Inc. (NASDAQ: WRES) were down 31 percent to $0.0656. Warren Resources filed for Chapter 11 bankruptcy.
Gogo Inc (NASDAQ: GOGO) was down, falling around 15 percent to $9.40 after the company announced it has reached an agreement with American Airlines Group Inc (NASDAQ: AAL) to “continue to provide service on a meaningful portion of the American fleet currently served by Gogo.” Investors heavily sold off the stock as the company’s announcement implies it lost some orders to its main competitor, ViaSat, Inc. (NASDAQ: VSAT).