Twitter Inc., the business that thrives on a culture of excessive sharing, is taking a more discreet route to its initial public offering, adopting a strategy that others will follow.
The microblogging service sent out a 24-word tweet on Sept. 12, announcing that it had confidentially filed to go public with the U.S. Securities and Exchange Commission. It provided no financial details or time frame.
Twitter filed under the Jumpstart our Business Startups, or JOBS, Act signed last year. The legislation lets companies with less than $1 billion in annual revenue keep their most sensitive information away from the competition and the public until shortly before they promote the offering. Investors had better get used to the secrecy as a host of emerging technology companies, including Box Inc., Airbnb Inc., Square Inc. and Dropbox Inc., are likely to take the same path.
“There’s a lot of stress in preparing for an IPO,” said Jeff Crowe, a partner at Norwest Venture Partners in Palo Alto, California, and director at RetailMeNot Inc., which went public under the JOBS Act in July. “One stress you don’t want to have is tipping off the competition any sooner than you have to about what your business model is like.”
5 Best Performing Stocks To Buy Right Now: Methanex Corporation (MEOH)
Methanex Corporation, together with its subsidiaries, engages in the production, marketing, and sale of methanol. The company also purchases and re-sells methanol produced by others. Its methanol is a clear liquid commodity chemical that is used to produce traditional chemical derivatives, including formaldehyde, acetic acid, and various other chemicals. The companys methanol is also used in energy-related applications; for blending into gasoline, as a feedstock in the production of dimethyl ether, which can be blended with liquefied petroleum gas for use in household cooking and heating, and in the production of biodiesel; and used to produce methyl tertiary-butyl ether, a gasoline component, as well as used into olefins applications. The company supplies its methanol to petrochemical producers and distributors in North America, the Asia Pacific, Europe, and Latin America. Methanex Corporation was founded in 1968 and is headquartered in Vancouver, Canada.
- [By Mani]
[Related -Methanex (MEOH) Downgraded To ‘Sector Underperformer’ By CIBC, PT Raised]
From a long-term perspective, a modest near-term softening in methanol prices is a net positive as elevated levels have left the market increasingly concerned over the potential impact on future energy derivative demand growth and the potential for elevated prices to continue to incentivize new capacity announcements.
- [By Aimee Duffy]
The North American natural gas revolution has had an undeniable effect on domestic energy companies. While many of the companies we read about every day are more or less obvious investment ideas, be they oil and gas producers or pipeline operators, there are still a few opportunities floating under the radar. In this video, Fool.com contributor Aimee Duffy takes a look at Canada’s Methanex (NASDAQ: MEOH ) , an energy company that thrives on cheap natural gas, and as a result is striking deals left and right.
5 Best Performing Stocks To Buy Right Now: Spectrum Brands Holdings Inc.(SPB)
Spectrum Brands Holdings, Inc., together with its subsidiaries, operates as a consumer products company worldwide. It offers consumer batteries, including alkaline and zinc carbon batteries, rechargeable batteries and chargers, and hearing aid batteries and other specialty batteries; pet supplies, such as aquatic equipment and supplies, dog and cat treats, small animal foods, clean up and training aids, health and grooming products, and beddings; and home and garden control products comprising household insect controls, insect repellents, and herbicides. The company also provides electric shaving and grooming devices; small appliances, including small kitchen appliances and home product appliances; electric personal care and styling devices; and portable lighting. Its sells its products through various trade channels, including retailers, wholesalers and distributors, hearing aid professionals, industrial distributors, and original equipment manufacturers primarily under t he Rayovac, Remington, Varta, George Foreman, Black & Decker, Toastmaster, Farberware, Tetra, Marineland, Nature?s Miracle, Dingo, 8-in-1, Littermaid, Spectracide, Cutter, Repel, Hot Shot, Black Flag, and TAT brands. The company was headquartered in Madison, Wisconsin. As of January 7, 2011, Spectrum Brands Holdings, Inc. operates as a subsidiary of Harbinger Group Inc.
- [By Marc Bastow]
Consumer products manufacturer Spectrum Brands (SPB) raised its quarterly dividend 20% to 30 cents per share, payable on Mar. 18 to shareholders of record as of Feb. 19.
SPB Dividend Yield: 1.58%
5 Best Performing Stocks To Buy Right Now: Coty Inc (COTY)
Coty Inc., incorporated on January 20, 1995, is engaged in manufacturing, marketing and distribution of women’s and men’s fragrances, color cosmetics and skin and body care related products globally. The Company operates in three segments: Fragrances, Color Cosmetics and Skin & Body Care. The Company’s power brands consist of adidas, Calvin Klein, Chloe, Davidoff, Marc Jacobs, OPI, philosophy, Playboy, Rimmel and Sally Hansen. The Company sells products in each of its segments through retailers, including hypermarkets, supermarkets, independent and chain drug stores and pharmacies, upscale perfumeries, upscale and mid-tier department stores, nail salons, specialty retailers, duty-free shops and traditional food, drug and mass retailers.
The Company’s Fragrance products include a range of men’s and women’s products, with brands associated with fashion designers, celebrities and lifestyle brands. Color Cosmetics products include nail, lip, eye and ot her facial color products. Skin & Body Care products include shower gels, deodorants, skin care and sun treatment products.
- [By Jake L’Ecuyer]
Coty (NYSE: COTY) was also up, gaining 7.36 percent to $14.73 after the company reported strong Q2 revenue and announced a $200 million share buyback program.
- [By Michael Lewis]
As happens all too often in the markets, an IPO has come out with lots of hype and, ultimately, little in the way of delivered expectations. Women’s fragrance giant Coty (NYSE: COTY ) raised one of the largest IPOs in consumer product history last week, earning more than $1 billion. In the days prior, Wall Street played up the IPO in classic fashion — citing large brand product awareness and celebrity endorsements as cause for investment. While Fools already know this is not a real reason to buy, apparently the market was either inundated with quick-flipping traders, or just unimpressed by the scent of Coty.
- [By Jon C. Ogg]
Before you consider this just to be a bit of IPO pondering, take a step back and understand that some of this list membership already has filed to come public or actually has made it public recently. Boise Cascade Co. (NYSE: BCC), CDW Corp. (NASDAQ: CDW), Coty Inc. (NYSE: COTY), Global Brass and Copper Holdings Inc. (NYSE: BRSS), Noodles & Company (NASDAQ: NDLS), Restoration Hardware Holdings Inc. (NYSE: RH), Sprouts Farmers Market Inc. (NASDAQ: SFM) and many others are on the list and have made it to the post-IPO stage in the stock market.
- [By Monica Gerson]
Coty (NASDAQ: COTY) is expected to report its Q4 earnings at $0.01 per share on revenue of $1.05 billion.
Sutor Technology Group (NASDAQ: SUTR) is projected to report its Q4 earnings at $0.10 per share on revenue of $152.96 million.
5 Best Performing Stocks To Buy Right Now: Lowe’s Companies Inc.(LOW)
Lowe’s Companies, Inc., together with its subsidiaries, operates as a home improvement retailer in the United States, Canada, and Mexico. The company offers a range of products for maintenance, repair, remodeling, home decorating, and property maintenance. It provides home improvement products in the categories of appliances, lumber, paint, millwork, building materials, lawn and landscape products, flooring, rough plumbing, seasonal living, tools, hardware, fashion plumbing, lighting, nursery, outdoor power equipment, cabinets and countertops, home organization, rough electrical, and home fashion, as well as boards, panel products, irrigation pipes, vinyl sidings, and ladders. The company also offers installation services through independent contractors in various product categories. Lowe’s Companies serves homeowners and renters primarily consisting of do-it-yourself customers and do-it-for-me customers; and commercial business customers, who work in the construction, rep air/remodel, commercial and residential property management, or business maintenance professions. As of August 15, 2011, it operated approximately 1,725 home improvement stores in the United States, Canada, and Mexico. The company also offers its products through electronic product catalogs and Lowes.com. Lowe’s Companies, Inc. was founded in 1952 and is based in Mooresville, North Carolina.
- [By Paul Ausick]
Other stores offering special weekend pricing are home improvement giants The Home Depot Inc. (NYSE: HD) and Lowe’s Companies Inc. (NYSE: LOW). In fact, this is virtually the home improvement stores’ real Black Friday weekend. Both Home Depot and Lowe’s hire thousands of seasonal employees for their Spring selling season, and just as the Thanksgiving-to-Christmas holiday season is a make or break for many retailers, this time of year really is make-or-break time for these two giants.
- [By Bloomberg]
Patrick T. Fallon/Bloomberg via Getty Images Housing starts in the U.S. were little changed in February after declining less than previously estimated a month earlier, indicating the home-building industry is stabilizing after bad winter weather curbed construction. The 0.2 percent decrease to 907,000 homes at an annualized rate last month followed a revised 909,000 pace in January, figures from the Commerce Department in Washington showed Tuesday. The median estimate in a Bloomberg survey called for a 910,000 rate after a previously reported 880,000 in January. Warmer temperatures, a pickup in demand during the spring selling season and limited housing supply may help fuel further gains in new residential construction. The outlook for the industry later this year depends on whether hiring picks up enough to overcome higher mortgage rates and home prices. “We will see improvement as the year goes on and weather improves,” said David Sloan, a senior economist at 4cast in New York and the top-ranked forecaster of starts in the last two years, according to data compiled by Bloomberg. “The pace of increase will be fairly moderate. It suggests we’re going to get respectable economic growth, but maybe not a strong acceleration.” Estimates of 82 economists surveyed by Bloomberg ranged from 792,000 to 986,000. The February pace was the slowest in four months. Another report showed consumer prices rose 0.1 percent in February for a second month, according to the Labor Department. More than half the increase was due to higher food costs. Stock-index futures held earlier gains after the figures, with the contract on the Standard & Poor’s 500 Index maturing in June rising 0.4 percent to 1,857.4 at 8:43 a.m. in New York. Building Permits Permits filed for future projects increased 7.7 percent to a 1.02 million pace in February, the most since October and reflecting a surge in applications for apartment-building construction. One-family home-building permits
- [By Victor Selva]
Finally, I always like to see one of the most important financial ratios applying to stockholders, the best measure of performance for a firm’s management: the return on equity. The ratio has increased when compared to its ROE from the same quarter one year prior. With ROE of 25.51%, it is well above the industry mean of 9.10% and Lowe’s Companies Inc. (LOW) good ratio of 14%.
5 Best Performing Stocks To Buy Right Now: Bank Of Montreal (BMO)
Bank of Montreal, together with its subsidiaries, provides a range of retail banking, wealth management, and investment banking products and solutions in North America and internationally. It offers personal banking products and services to consumers and small businesses, including deposit and investment services, mortgages, consumer credit, small business lending, and other banking services; and commercial banking products and services to small business, medium-sized enterprise, and mid-market banking clients comprising lending, deposits, treasury management, and risk management services. The company also offers cards and payments services; investment and wealth advisory services; self-directed investing services; private banking services to high net worth and ultra-high net worth clients; investment fund solutions across a range of channels; pension plans; investment management services; and creditor insurance, and life insurance and annuity products and services. In add ition, it provides capital markets products and services, including equity and debt underwriting, corporate lending and project financing, mergers and acquisitions, restructurings and recapitalizations, balance sheet management, liquidity management, merchant banking, securitization, foreign exchange, derivatives, debt and equity research, and institutional sales and trading to corporate, institutional, and government clients. As of October 31, 2010, Bank of Montreal operated and maintained approximately 1,230 bank branches in Canada and the United States. The company was founded in 1817 and is headquartered in Toronto, Canada.
- [By Ian Wyatt]
Established in 1817, Bank of Montreal (BMO) was Canada’s first bank. Nearly two centuries later, the bank is not only still standing—it’s thriving.
- [By Will Ashworth]
Bank of Montreal (BMO) and National Bank (NTIOF) have already delivered their numbers, and the rest are expected to come tomorrow and Friday. The major Canadian bank stocks are expected to grow earnings between 5% and 7% over last year’s fourth quarter, which is excellent.
- [By Dan Caplinger]
Toronto-Dominion Bank (NYSE: TD ) will release its quarterly report on Thursday, and in general, investors have been pleased with the Canadian bank’s prospects over the past several months. But in light of surprisingly negative news from rival Bank of Montreal (NYSE: BMO ) on Tuesday, Toronto-Dominion Bank will have to demonstrate that it’s able to avoid the troubles that hurt its rival’s results during the most recent quarter.