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Assessing the Tab for Q1 Catastrophes

Catastrophe modelers, insurers and reinsurers are still sorting out the damage from Windstorm Xynthia in Europe and the earthquake in Chile. Taking only the highest of high-end estimates, the damage from these two catastrophes could exceed $12 billion, resulting in fairly steep property-catastrophe losses long before hurricane season begins. With three more major property reinsurance renewals remaining for the year -- at April 1, June 1 (Florida) and July 1 -- there is plenty of time for the impact of these events to be absorbed into reinsurance pricing.

Continue reading Assessing the Tab for Q1 Catastrophes

Holiday earnings reports: Constellation Energy, Natco, Trico Marine and others

Even though tomorrow is a holiday in the U.S., there are a handful of companies planning to report quarterly earnings nonetheless. Perhaps some may be trying to keep a low profile; others may simply not be concerned with the American holiday schedule. Regardless, here's a quick peek at some of those companies, with the consensus earnings per share estimate of analysts surveyed by Thomson Financial compared to the previous quarter and year-ago quarter, the share price at the close on Friday (with charts behind the links), and consensus recommedations.

UPDATED: Constellation reported .13 EPS; Flagstone reported .60 EPS; Natco reported .66 EPS; PharMerica reported .09 EPS; Stewart reported -1.74 EPS; and Trico Marine reported 2.08 EPS.

IPO & secondary preview - week of March 26, 2007

Wall Street's equity market offers another solid schedule this week, with 12 deals on the docket, including 7 IPOs and 5 Secondaries. Those deals tentatively scheduled to price include:

IPOs:

Monday

Aruba Networks (ARUN), an 8M-share IPO for secure wireless systems company. JP Morgan Chase and Lehman Brothers are the lead managers. Filing range: $8.00-$10.00.

Wednesday

eTelecare Global Solutions (ETEL), a 5.5M-share IPO for this call center company. Deutsche Bank is the lead manager. Filing range:
$12.50-$14.50.

Thursday

GSI Technology (GSIT), an 8M-share IPO for this semiconductor company. Needham and W.R. Hambrecht are the lead managers. Filing range: $6.50-$8.00.

Senorx (SENO), a 5.5M-share IPO for this medical devices company. Bank of America and Citigroup are the lead managers. Filing range: $11.00-$13.00.

Super Micro Computer (SMCI), an 8M-share IPO of this network servers company. Merrill Lynch is the lead manager. Filing range $9.50-$11.50.

Friday

Flagstone Reinsurance (FSR), a 13M-share IPO for this reinsurance company. Lehman Brothers and Citigroup are the lead managers. Filing range: $12.50-$14.50.

Western United Financial (WNF), a 6.4M-share IPO for this business financing company. Sandler O'Neill is the lead manager. Filing price: $8.00.

Continue reading IPO & secondary preview - week of March 26, 2007

Symbol Lookup
IndexesChangePrice
DJIA-74.9212,454.83
NASDAQ-1.852,837.53
S&P 500-2.861,317.82

Last updated: May 26, 2012: 06:23 PM

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