Move posts

Feed

Earnings highlights: Berkshire Hathaway, Blackstone, Costco, Toll Bros. and more

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

Continue reading Earnings highlights: Berkshire Hathaway, Blackstone, Costco, Toll Bros. and more

Move.com keeps in one place, for now

There seems to be no end to the real estate bust, especially as the economy continues its descent. Despite this, the online real estate portal, Move, Inc. (NASDAQ: MOVE), continues to plug along.

According to its Q4 results, revenues went from $62.6 million to $57.5 million. Adjusted EBITDA came to $7.3 million, which was down from $9.7 million. Although, this was 27% higher than Q3.

Based on Move's conference call, there is still little visibility as to when the real estate market will stage a comeback. As a result, the company continues to hunker down. For example, Move slashed $20 million in costs over the past two quarters.

Continue reading Move.com keeps in one place, for now

Earnings highlights: Ford, Toyota, Goldman Sachs, Disney, Sprint, ADM and others

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

Continue reading Earnings highlights: Ford, Toyota, Goldman Sachs, Disney, Sprint, ADM and others

Move.com still moving in the right direction

Move, Inc. (NASDAQ: MOVE), a leading real estate portal, has had to endure the financial collapse, the plunge in mortgages and the continued deterioration in the housing market. Despite all this, the company continues to get traction.

Just look at the Q3 results. Revenues came to $61.2 million, which compares to $63.4 million in the same period a year ago. Adjusted EBITDA (earnings from before interest, taxes, stock-based compensation and charges, depreciation, amortization and other non-recurring charges) was about $5.7 million. There is about $114 million in the bank.

Move is also continuing to find ways to boost cash flows. For example, the company is in the process of reducing expenses by $20 million per year, which would be a big boost.

At the same time, Move is taking steps to remain competitive and provide its users with a better experience. To this end, the company launched a redesign of its website. In fact, during September the Realtor.com site saw a 17% increase in total minutes spent on the destination.

For the most part, there is a major shift in marketing expenditures from traditional to online platforms. True, this is being muted because of the rough environment. But when things start to improve, Move will certainly be poised to capitalize on the growth.

Tom Taulli is the author of various books, including The Complete M&A Handbook and The Streetsmart Guide to Short Selling: Techniques the Pros Use to Profit in Any Market. He is also the founder of BizEquity, a valuation website.

Analyst initiations 6-1-07: WFMI, INTC, Oshkosh ...

MOST NOTEWORTHY: The truck industry, Roo Group (RGRP), Accuray (ARAY) and TomoTherapy (TTPY) were today's noteworthy initiations:
  • In the trucking industry, FTN Midwest initiated shares of Cummins Inc (NYSE: CMI) and Navistar International Corp (NASDAQ: NAVZ) with Hold Ratings and Oshkosh Truck Corp (NYSE: OSK) and PACCAR Inc (NASDAQ: PCAR) with Buy ratings.
  • ROO Group (NASDAQ: RGRP) was initiated with a Buy rating and a $3.75 target at Think Equity, which believes RGRP is positioned to capitalize as the Internet continues to grow as a broadcast medium for video.
  • Soleil initiated shares of Accuray Inc. (NASDAQ: ARAY) with a Buy rating and $30 target. The company is Soleil's top pick in radiation oncology.
  • Soleil also initiated shares of TomoTherapy Inc. (NASDAQ: TTPY) with a Buy rating and $25 target, as the firm believes all-in-one imaging and radiation oncology system in HiArt could become the new standard of care.
OTHER INITIATIONS:
  • Elan Corp (NYSE: ELN) was initiated with an Outperform rating and $40 target at Leerink Swann, which added shares to the firm's Focus List as it is positive on the Tysabri opportunity.
  • Cree Inc (NASDAQ: CREE) was initiated with a Buy rating and $50 target at Amtech, as the firm believes the time for LED adoption has finally arrived and will accelerate in the future.
  • Nollenberger initiated shares of ZipRealty (NASDAQ: ZIPR) and Move, Inc (NASDAQ: MOVE) with Neutral ratings.
  • CIBC World Markets initiated shares of Whole Foods Market Inc. (NASDAQ: WFMI) with a Sector Underperformer rating and $38 target, expecting the company to be impacted by increasing competition.
  • BMO Capital Markets initiated shares of Intel Corp. (NASDAQ: INTC) with an Outperform rating and $10 target.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).

Top 25 Stocks for the NEXT 25 years: Movin' on up with MOVE

The NEXT company in my continuing series of the top 25 stocks for the NEXT 25 years is Move, Inc (NASDAQ: MOVE) Move is headquartered in Los Angeles, California and operates several strategic web sites for consumers looking to buy or sell a home. The stock is trading at $4.20 and carries a market capitalization of $650 million. This company has an opportunity to become the absolute dominant player in the real estate on-line market..

The consumer real estate market has become an on-line search process first and foremost. Currently, 80% of all real estate searches begin on-line and yet only 5% of the advertising and marketing dollars spent are dedicated to the on-line channel. This dichotomy is changing as more budgets from real estate firms and agents are migrating to the on-line channel. Traditional forms of advertising and marketing, such as newspaper and local radio, will witness those dollars moving on-line.

Continue reading Top 25 Stocks for the NEXT 25 years: Movin' on up with MOVE

MOVE is on the move

It does not make sense that 77% of all real estate searches begin online and yet only 10% of the advertising and marketing dollars are spent online. This disconnect will not last, especially if MOVE executes its game plan accordingly. Move, Inc. (NASDAQ:MOVE) is the clear online real estate leader with market share of nearly 30% and growing at a good 30% clip on the top line and 70-80% 3-year growth rate on the bottom line. The stock is hovering at $6.50 and looks ready to breakout.

The management team has been in place since 2002/2003 and has cleaned up the mess it inherited. With a class action suit caused by the IPO management team behind them, MOVE can now allocate resources and manpower to building the business. 2006 revenues (Q4 reported Feb22nd) should come in around $295 million going to $350 million in 2007. EPS for 2006 should be $0.01, going to $0.11 in 2007 and $0.22 in 2008.

Move serves both the consumer and the real estate professional with an array of products, right down to the Welcome Wagon. Realtor have a choice of products to help them market and promote their listings, including web site development. The addressable market is massive as over $20 billion per year is spent on marketing/advertising in the residential real estate market. If real estate tightens, which appears to be the case, spending on marketing rises as agents need to be more aggressive.

MOVE has the opportunity to achieve what Monster.com has accomplished in the employment market.

Georges Yared is the author of "Baby Boomer Investing...Where do we go from here?" and "Stop Losing Money Today". For more go to http://georgesyared.com

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

Last updated: May 27, 2012: 05:11 AM

Hot Stocks

General Electric

19.20-0.05(-0.26)

Alcoa

8.630.00(0.00)

Apple Inc

562.29-3.03(-0.54)

Google Inc 'A'

591.53-12.13(-2.01)

Bank of America

7.15+0.01(+0.14)

Wal-Mart Stores

65.31+0.24(+0.37)

Exxon Mobil Corp

82.08-0.53(-0.64)

Ford

10.60+0.01(+0.09)

Citigroup

26.47-0.19(-0.71)

IBM

194.30-1.79(-0.91)

Yahoo

15.36+0.01(+0.07)

Starbucks

54.56-0.20(-0.37)

Microsoft

29.06-0.01(-0.03)

Home Depot

49.44-0.27(-0.54)

DailyFinance Headlines

AOL Business News

BioHealth Investor Headlines

Sponsored Links

My Portfolios

Track your stocks here!

Find out why more people track their portfolios on AOL Money & Finance then anywhere else.

BloggingStocks Partners

More from AOL Money & Finance

Page Loaded in 1338109911369 ms.