Our latest featured turnaround idea is a company that provides electronic health record systems and other information technology products to doctors, hospitals, and other healthcare providers, observes George Putnam, editor of The Turnaround Letter.
After a large acquisition, made in 2010, didn't work out as planned, Allscripts Healthcare Solutions (MDRX) put itself up for sale in early 2012. This created concern among its clients, and potential clients, and eventually led to the replacement of its long-time CEO in December 2012.
New CEO Paul Black spent 12 years helping build competitor Cerner into a powerhouse in the healthcare technology field, and before that, he was at IBM.
He immediately took the ��or Sale��sign off of Allscripts and has spent the last year focused on rebuilding the company's business.
The new CEO's efforts appear to be paying off. In the latest quarter, both new bookings and backlog were up significantly. In addition, the business is shifting to a more sustainable model.
Best Restaurant Stocks To Invest In 2015: Fidus Investment Corp (FDUS)
Fidus Investment Corporation, incorporated on February 14, 2011, provides customized mezzanine debt and equity financing solutions to lower middle-market companies. The Company�� investment objective is to provide attractive risk-adjusted returns by generating both current income from its debt investments and capital appreciation from its equity related investments.
The Company seeks to maintain a diversified portfolio of investments in order to help mitigate the potential effects of adverse economic events related to particular companies, regions or industries. The Company�� investment advisor is Fidus Capital, LLC.
Advisors' Opinion:- [By BDC Buzz]
Fidus Investment (FDUS) is one of the newer business development companies ("BDCs") but its stock performance has been strong with a steady climb to higher than average multiples. This is most likely due to its higher than average 'total return' of around 16%. Last quarter FDUS grew its net asset value ("NAV") per share more than any of the other 25 BDCs that I follow and announced a special dividend on top of its regular dividends which is currently yielding around 8%. The company announced that it received approval for a second SBIC license giving it access to cheap long-term growth capital to grow the portfolio and dividends. FDUS also reported realized gains in Q3 from exited investments that could provide for some large upcoming special dividends. I believe that investors should look beyond the current lower than average dividend yield and higher than average pricing multiples, and consider the potential total return for FDUS over the coming quarters. I will also address my key concerns for the company and some things to watch for through the end of the year.
Top 5 Information Technology Stocks To Watch For 2014: Mitel Networks Corporation(MITL)
Mitel Networks Corporation provides integrated communications solutions to the small-to-medium sized enterprise market in the United States, Europe, the Middle East, Africa, Canada, Caribbean, Latin America, and the Asia Pacific. It offers Internet protocol (IP) telephony platforms, including IP telephony software that performs various functions comprising multi-media call control and communications, which allow business users to reach each other, share information, and collaborate; appliances; and desktop devices, such as IP and digital phones, specialty desktop devices, and peripherals. The company also provides a suite of UCC applications, which consist unified communicator advanced, mobility, customer interaction solution, unified messaging, speech auto attendant, telecollaboration solution, teleworker solution, and business dashboard, as well as audio, video, and Web conferencing for integrating voice, video, and data communications with business applications. In addi tion, it offers network services that include local access services; long distance services; mobile voice and data services; data services, such as Internet access and private networking services; hosted offerings, which comprise network monitoring and management, audio conferencing, Web conferencing, hosted secure Internet access, and Web hosting; and hosted IP telephony services. Further, the company provides managed services, including project management, installation, training, maintenance, professional, consulting, business requirements review, and disaster recovery planning services; support services; and financing of its solutions. It serves education, government, healthcare, hospitality, and retail markets through wholesale distributors, solution providers, system integrators, authorized channel partners, and other technology providers. The company is headquartered in Ottawa, Canada.
Advisors' Opinion:- [By MONEYMORNING.COM]
Mitel Networks Corp. (Nasdaq: MITL) is a small-cap communication and collaboration software company that caters to small and medium-sized businesses.
- [By Michael Robinson]
Mitel Networks (MITL)
Small-cap Mitel is known for its advanced contact center platform that includes mobile chat and also helps mid-market firms generate sales leads while lowering expenses.
Top 5 Information Technology Stocks To Watch For 2014: Dime Community Bancshares Inc.(DCOM)
Dime Community Bancshares, Inc. operates as the holding company for The Dime Savings Bank of Williamsburgh that provides financial services and loans primarily for multifamily housing. The company accepts various deposit products, including savings accounts, certificates of deposit, money market accounts, interest bearing checking accounts, and non-interest bearing checking accounts. Its loan products comprise multifamily residential mortgage loans, commercial real estate loans, one- to four-family residential mortgage loans, construction and land acquisition loans, and consumer loans. In addition, the company, through its other subsidiaries, involves in the management and ownership of real estate; the sale of non-FDIC insured investment products; and investing in multifamily residential, one to four-family, and commercial real estate loans. As of January 26, 2012, it operated 26 branches located throughout Brooklyn, Queens, the Bronx, and Nassau County, New York. The comp any was founded in 1864 and is headquartered in Brooklyn, New York.
Advisors' Opinion:- [By Tim Melvin]
I always find it very interesting to see what long-term investors are selling in a given quarter. Kahn Brothers lightened up on many financials that have shot up and now trade above book value. The firm sold out of Flushing Financial (FFIC), TCF Financial (TCB) and Dime Community Bank (DCOM). Khan apparently shares my views on the large-cap drug stocks, easing up on both Pfizer (PFE) and Bristol Meyers (BMY) over the summer. Khan Brothers also sold the last of the Travelers shares (TRV) it has owned since 2008 at more than twice the purchase price.
Top 5 Information Technology Stocks To Watch For 2014: The Marcus Corp (MCS)
The Marcus Corporation, incorporated in August 2005, is engaged in two segments: movie theatres, hotels and resorts. As of May 26, 2011, the Company�� theatre operations included 55 movie theatres with 684 screens throughout Wisconsin, Ohio, Illinois, Minnesota, North Dakota, Nebraska and Iowa, including two movie theatres with 11 screens in Wisconsin and Nebraska owned by third parties but managed by the Company. As of May 26, 2011, its hotels and resorts operations included eight owned and operated hotels and resorts in Wisconsin, Missouri, Illinois and Oklahoma. It also manages 10 hotels, resorts and other properties for third parties in Wisconsin, Minnesota, Ohio, Texas, Missouri, Nevada and California. As of May 26, 2011, it owned or managed over 4,700 hotel and resort rooms. In September 2010, it purchased a 16-screen theatre in Appleton, Wisconsin from Regal Entertainment Group. During the fiscal year ended May 26, 2011 (fiscal 2011), the Xona Resort Suites in Scottsdale, Arizona was sold by its owners and its management contract for this resort was terminated.
Theatre Operations
During fiscal 2011, the Company owned or operated 55 movie theatre locations with a total of 684 screens in Wisconsin, Illinois, Minnesota, Ohio, North Dakota, Nebraska and Iowa. The Company�� 53 owned facilities include 33 megaplex theatres (12 or more screens), representing 75% of its total screens, 19 multiplex theatres (two to 11 screens) and one single-screen theatre. During fiscal 2011, it operated 663 first-run screens, 11 of which are operated under management contracts, and 21 budget-oriented screens. It owns land in six different communities that may be used for new theatres at a future date, including land in Sun Prairie, Wisconsin. It owns a minority interest in MovieTickets.com, a joint venture of movie and entertainment companies that was created to sell movie tickets over the Internet and represents a large majority of the top 50 market theatre screens throughout the United ! States and Canada.
As of May 26, 2011, the Company offered digital three dimensional (3D) systems at 101 screens, including 11 UltraScreens, at 35 of its theatre locations in seven states. As of May 26, 2011, there were approximately 35 3D films. It sells food and beverage concessions in all of its movie theatres. The Company also own a family entertainment center, Funset Boulevard, adjacent to the 14-screen movie theatre in Appleton, Wisconsin. Funset Boulevard features a 40,000 square foot Hollywood-themed indoor amusement facility that includes a restaurant, party room, laser tag center, virtual reality games, arcade, outdoor miniature golf course and batting cages.
Hotels and Resorts Operations
The Company owns and operates the Pfister Hotel, which is located in downtown Milwaukee, Wisconsin. The Pfister Hotel is a full service luxury hotel and has 307 guest rooms (including 82 luxury suites and 176 tower rooms), two restaurants, three cocktail lounges and a 275-car parking ramp. It also has 24,000 square feet of banquet and convention facilities. The Pfister�� banquet and meeting rooms accommodate up to 3,000 people and the hotel features two large ballrooms, including one of the ballrooms in the Milwaukee metropolitan area, with banquet seating for 1,200 people. It owns and operates the 729-room Hilton Milwaukee City Center. The Hilton Milwaukee City Center also features Paradise Landing, an indoor water park and family fun center that features water slides, swimming pools, a sand beach, lounge and restaurant. The hotel also has two cocktail lounges, two restaurants and an 870-car parking ramp. It owns and operates the 240-room Hilton Madison at Monona Terrace in Madison, Wisconsin. The Hilton Madison is connected by skywalk to the Monona Terrace Community and Convention Center, has four meeting rooms totaling 2,400 square feet, an indoor swimming pool, a fitness center, a lounge and a restaurant.
The Company owns and operates the Grand Geneva ! Resort & ! Spa in Lake Geneva, Wisconsin. The resort is located on 1,300 acres and includes 355 guest rooms, over 60,000 square feet of banquet, meeting and exhibit space, over 13,000 square feet of ballroom space, three specialty restaurants, two cocktail lounges, two championship golf courses, several ski hills, two indoor and five outdoor tennis courts, three swimming pools, a spa and fitness complex, horse stables and an on-site airport. The Company owns and operates the Hotel Phillips, a 217-room hotel in Kansas City, Missouri. The Hotel Phillips has conference rooms totaling 5,600 square feet of meeting space, a 2,300 square foot ballroom, a restaurant and a lounge. The Company owns and operates the InterContinental Milwaukee in Milwaukee, Wisconsin. The InterContinental Milwaukee has 220 rooms, 12,000 square feet of flexible banquet and meeting space, on-site parking, a fitness center, a restaurant and a lounge and is located in the heart of Milwaukee�� theatre and financial district.
The Company is the operator of the Skirvin Hilton hotel in Oklahoma City, Oklahoma. The hotel has 225 rooms, including 20 one-bedroom suites and one Presidential Suite. The Skirvin Hilton has a restaurant, lounge, fitness center, indoor swimming pool, business center and approximately 18,500 square feet of meeting space. The Company operates the Four Points by Sheraton Chicago Downtown/Magnificent Mile, a 226-room (including 130 suites) hotel in Chicago, Illinois. The Four Points by Sheraton Chicago Downtown/Magnificent Mile has affordable, well-appointed guest rooms and suites, 3,000 square feet of high-tech meeting rooms, an indoor swimming pool and fitness room and an on-site parking facility. The hotel leases space to two area restaurants. It manages the Crowne Plaza-Northstar Hotel in Minneapolis, Minnesota. The Crowne Plaza-Northstar Hotel is located in downtown Minneapolis and has 226 guest rooms, 13 meeting rooms, 6,370 square feet of ballroom and convention space, a restaurant, a cocktail lounge and an ! exercise ! facility.. It manages Beverly Garland�� Holiday Inn in North Hollywood, California. The Beverly Garland has 257 guest rooms, including 12 suites, meeting space for up to 600, including an amphitheater and ballroom, an outdoor swimming pool and lighted tennis courts.
The Company also provides hospitality management services, including check-in, housekeeping and maintenance, for a vacation ownership development adjacent to the Grand Geneva Resort & Spa owned by Orange Lake Resort & Country Club of Orlando, Florida. It manages the Hilton Garden Inn Houston NW/Chateau in Houston, Texas. The Hilton Garden Inn has 171 guest rooms, a ballroom, a restaurant, a fitness center, a convenience mart and a swimming pool. It manages and owns a 15% minority interest in the Sheraton Madison Hotel in Madison, Wisconsin. The Sheraton Madison features 237 rooms and suites, an indoor heated swimming pool, whirlpool, fitness center, a restaurant, lounge and 18,000 square feet of meeting space.
The Company manages and owns a 15% minority interest in the Westin Columbus in Columbus, Ohio. The Westin Columbus is an AAA four-diamond full-service historic hotel, which includes 186 rooms and suites and offers more than 12,000 square feet of meeting, banquet and ballroom space, a restaurant and a cocktail lounge. It manages the Sheraton Clayton Plaza Hotel in St. Louis, Missouri, which offers 257 rooms and suites, an indoor swimming pool, a fitness facility, and a business center. It manages the Hilton Minneapolis/Bloomington in Bloomington, Minnesota. It manages the Timber Ridge Lodge, an indoor/outdoor waterpark and condominium complex in Lake Geneva, Wisconsin. The Timber Ridge Lodge has meeting rooms totaling 3,640 square feet, a general store, a restaurant-cafe, a snack bar and lounge, a fitness center and an entertainment arcade. It manages the Platinum Hotel & Spa, a condominium hotel in Las Vegas, Nevada just off the Las Vegas Strip, and owns the hotel�� public space. The Platinum Hotel & Spa ! has 255 on! e and two-bedroom suites.
The Company competes with AMC Entertainment, Cinemark, Regal Cinemas, Carmike Cinemas, Hyatt Corporation, Marriott Corporation, Ramada Inns and Holiday Inns.
Advisors' Opinion:- [By Monica Gerson]
The Marcus (NYSE: MCS) rose 6.92% to touch a new 52-week high of $15.60 on Q3 results. Marcus reported its quarterly earnings of $0.15 per share on revenue of $109.80 million.
- [By Marc Bastow]
Movie theater and hotel and resorts operator Marcus Corporation (MCS) raised its quarterly dividend 11.8% to 9.5 cents per share payable May 15 to shareholders of record April 23.
MCS Dividend Yield: 2.20% - [By Seth Jayson]
Calling all cash flows
When you are trying to buy the market's best stocks, it's worth checking up on your companies' free cash flow once a quarter or so, to see whether it bears any relationship to the net income in the headlines. That's what we do with this series. Today, we're checking in on Marcus (NYSE: MCS ) , whose recent revenue and earnings are plotted below.
No comments:
Post a Comment