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Earnings highlights: Home Depot, Target, Sears, Campbell, Deere and more

Posted May 23rd 2009 9:40AM by Trey Thoelcke (RSS feed)
Filed under: Earnings reports, Home Depot (HD), Target Corp. (TGT), Campbell Soup (CPB), Safeway Inc (SWY), Sears Holdings (SHLD), Lowe's Cos (LOW), Deere and Co (DE)

Here are some highlights from this past week's earnings coverage from BloggingStocks:

Continue reading Earnings highlights: Home Depot, Target, Sears, Campbell, Deere and more

Hastings Entertainment and Perfect World beat Q1 earnings estimates

Posted May 18th 2009 6:20PM by Trey Thoelcke (RSS feed)
Filed under: Earnings reports

While much of the attention was on the upside surprise offered up by Lowe's Companies Inc. (NYSE: LOW), Hastings Entertainment Inc. (NASDAQ: HAST) and Perfect World Co. Ltd. (NASDAQ: PWRD) also reported beating earnings expectations Monday.

Leading multimedia entertainment retailer Hastings reported that, for the three months ended April 30, it earned about $1.7 million, or $0.17 per diluted share. That compares to a profit of $0.28 per share a year ago, as well as to $0.13 per share forecast by analysts surveyed by Thomson Reuters. First-quarter revenue decreased 4.7% from a year ago to $125.7 million.

Continue reading Hastings Entertainment and Perfect World beat Q1 earnings estimates

Take it Private! Hastings Entertainment

Posted Jun 2nd 2008 2:40PM by Zac Bissonnette (RSS feed)
Filed under: Take it Private!

Take it Private! is a new series looking at one company each week that, in my opinion, has no reason for being public. To find these companies, I screen for the following:
  • High Insider Ownership
  • A History of Solid Profitability
  • A paltry Price/Earnings and/or Price/Cash Flow multiple, and a reasonable Price/Book ratio.
  • A stagnant stock price accompanied by low volume indicating a lack of interest in the stock
My purpose in highlighting these companies? This screen can be a good way to find deep value stocks, especially companies that may be attractive to a strategic buyer, private equity firm or management-led buyout at a premium to the current share price. However, these profiles should not be interpreted as a recommendation to buy a certain stock.

For the inaugural column, let's take a look at Hastings Entertainment (NASDAQ: HAST).

According to Hastings' latest proxy statement, the company's current directors and officers own 33.91% of the company's stock. Chairman and CEO John Marmaduke alone owns 29% of the company. So Hastings definitely meets the first test: high insider ownership.

Continue reading Take it Private! Hastings Entertainment

Symbol Lookup
IndexesChangePrice
DJIA-163.7010,300.70
NASDAQ-38.132,137.92
S&P 500-19.671,090.96

Last updated: November 27, 2009: 10:16 AM

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