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Toll Brothers Inc. (TOL)

F2Q12 Earnings Conference Call

May 23, 2012 2:00 PM ET

Executives

Douglas C. Yearley – Chief Executive Officer

Martin Connor – Chief Financial Officer and Treasurer

Robert Toll – Executive Chairman

Gregg Ziegler – Senior Vice President

Michael I. Snyder - Secretary and Chief Planning Officer

Fred Cooper – Senior Vice President of Finance, International Development and Investor Relations

Joe Sicree – Chief Accounting Officer

Kira Sterling – Chief Marketing Officer

Donald Salmon – President of TBI Mortgage Company

Analysts

Stephen East - ISI Group

Michael Rehaut – JPMorgan.

Joshua Pollard – Goldman Sachs.

Ivy Zelman – Zelman & Associates.

Megan McGrath – MKM Partners.

Joel Locker – FBN Securities.

Wayne Cooperman - Cobalt Capital Management

Stephen Kim - Barclays Capital

Jack Micenko – SIG

Adam Rudiger - Wells Fargo

Alex Barron - Housing Research Center

Sue – UBS

Daniel Oppenheim - Credit Suisse

Ryan O'Steen

Complete Story »

LTX-Credence Corporation (LTXC)

Barclays Capital Global Technology, Media and Telecommunications

May 23, 2012 04:15 pm ET

Executives

Rich Yerganian - VP, IR

Analysts

C.J. Muse - Barclays Capital

Presentation

Thank you, all for coming. My name is C.J. Muse with Barclays. I am a semiconductor analyst. It's my pleasure to have LTX-Credence with us today. We have Rich Yerganian, VP of Investor Relations. We have roughly 25 minutes. We will have brief presentation, move to Q&A, and then after that, we will have a breakout session in Liberty 5.

With that, let me turn it over to Rich.

Rich Yerganian

Thank you, C.J.

Just to start out with, in case you are not aware this morning, we announced our fiscal Q3 results for the quarter ended April 30, we announced revenues of just shy of $31 million. Midpoint of our guidance was $30 million, and we had a loss per

Complete Story »

Sigma Designs (SIGM)

Q1 2013 Earnings Call

May 23, 2012 5:00 pm ET

Executives

Ed McGregor - Director of Investor Relations

Thomas E. Gay - Chief Financial Officer, Principal Accounting Officer and Secretary

Thinh Q. Tran - Founder, Chairman, Chief Executive Officer and President

Kenneth Lowe - Vice President of Strategic Marketing

Analysts

Philip Lee

Vahid Khorsand - BWS Financial Inc.

Gary W. Mobley - The Benchmark Company, LLC, Research Division

Stephen Chin - UBS Investment Bank, Research Division

Presentation

Operator

Good day, ladies and gentlemen, and welcome to the First Quarter 2013 Sigma Designs Earnings Conference call. My name is Deana, and I'll be your operator for today. [Operator Instructions] And as a reminder, today's conference is being recorded for replay purposes.

I would now like to turn the conference over to your host for today, Mr. Ed McGregor, Director of Investor Relations. Please go ahead.

Ed McGregor

Thank

Complete Story » By StockPandit:

Company Profile

SAIC, Inc. (SAI) provides scientific, engineering, systems integration, and technical services and solutions to agencies of the U.S. Department of Defense, the intelligence community, the U.S. Department of Homeland Security, other U.S.

SAIC is scheduled to report its first quarter earnings results on May 31, 2012, after market close.

Technical Overview

Click to enlarge all images.

SAIC has a market cap of $3.59 billion and it is currently trading around $10.51 with a 52 week range of $10.33 to $17.39. The stock has -15.46% price performance for the year 2012. The following table provides the key financial ratios for SAIC:

Key Ratio

Value

Current Ratio

1.39

Forward P/E

7.84

Profit Margin

-0.08%

Return On Assets (ROA)

-0.12%

Return On Equity (ROE)

-0.34%

Recent News

• On May 21, 2012, SAIC announced it was recognized as a leader in the environmental services market in the "Green Quadrant Environmental Services Providers

Complete Story » By Jacob Steinberg:

In the last 4 years, Nokia (NOK) generated total revenue of $172.80 billion. This averages out to $43.20 billion per year. This is 4 times the company's market value - which stands at $10 billion - at the moment. Out of all this revenue, the company gets to keep very little, if anything. This is mostly because of the high costs the company

Complete Story » By James Shell:

I was challenged by one of my followers the other day to look for a high-yield petrochemical investment, and as a lover of interesting stories, I am intrigued by this one.

CVR Partners (UAN) is a producer of Urea Ammonium Nitrate fertilizer. This material is normally produced using natural gas feedstock, but this company is North America's lone producer of UAN from petroleum coke feedstock. Petroleum coke is the nasty material left over as part of the oil refining process, and the refiners usually pay someone to haul it off where it can be burned as residual fuel for power plants and that kind of thing.

The plant is located adjacent to the CVR Energy refinery in Coffeyville KS. This refinery has been in the news in the last couple of years for two reasons: In 2007, the plant was shut down due to flooding for several weeks, causing an

Complete Story » By Matt Schilling:

When a stock is trading at or near its 52-week low, I feel as though there may be some unforeseen upside in the company and a breakout over the next quarter or two is very possible. These two companies show potential upside, and could demonstrate a very nice return for investors at these levels.

Walter Energy (WLT) - Trading at roughly 79% of its 50 DMA and 75% of its 200 DMA, Walter Energy has fallen nearly 27% since February 24th. That being said, I think a turnaround is on the horizon especially when it comes to earnings, even though they've missed estimates three of the last four quarters. The street is expecting WLT to earn $0.89/share on revenue of $704.54 million dollars, which is very possible considering Wells Fargo initiated coverage on the company when they rated it outperform. The company also noted that it was creating 530 new

Complete Story »

Ingram Micro Inc. (IM)

May 23, 2012 1:45 pm ET

Executives

William D. Humes - Chief Operating and Financial Officer

Damon S. Wright - Senior Director of Investor Relations

Analysts

Benjamin A. Reitzes - Barclays Capital, Research Division

Presentation

Benjamin A. Reitzes - Barclays Capital, Research Division

Let's get started with Ingram Micro. So everybody, I guess, is out of the Verizon keynote. So let's get started.

Today, we have Damon Wright with Investor Relations, as well as Bill Humes who's now -- who's taking on the additional role of COO from -- as well as keeping the role of CFO. So now I think you're in charge or have a hand in everything.

William D. Humes

Just about -- yes across the board. Yes.

Benjamin A. Reitzes - Barclays Capital, Research Division

Okay. So we're going to get right into Q&A. As you guys know, a huge distributor, almost

Complete Story » By Shareholders Unite:

Cheap, fast, durable, energy efficient, and non-volatile, retaining memory even when the power is switched off (or fails). Those are the requirements for universal memory that would melt the present trio of magnetic hard disk, DRAM, and flash memory.

Today's computers are rather awkward. Most still have spinning hard-disks, which have the advantage that they are cheap and have more capacity than most users need, but they are also slow and vulnerable, and take up a lot of space. There already is a replacement for that in the form of flash memory-based 'solid

Complete Story »

Bank of Montreal (BMO)

Q2 2012 Earnings Call

May 23, 2012 2:00 pm ET

Executives

Sharon Marie Haward-Laird

William A. Downe - Chief Executive Officer, President and Director

Thomas E. Flynn - Chief Financial Officer, Principal Accounting Officer and Executive Vice President

Surjit S. Rajpal - Chief Risk Officer and Executive Vice-President

Franklin J. Techar - Chief Executive Officer of Personal & Commercial Banking for Canada Bmo and President of Personal & Commercial Banking for Canada Bmo

Mark F. Furlong - Chairman, Chief Executive Officer, President, Treasurer of M&I Capital Markets Group Llc, Vice President of M&I Capital Markets Group Llc, Chief Executive Officer of M&I Marshall & Ilsley Bank, Chairman of M&I Marshall & Ilsley Bank, Director of M&I Marshall & Ilsley Bank, Director of M&I Capital Markets Group Llc and Director of Marshall & Ilsley Trust Company

Thomas V. Milroy - Chief Executive Officer

Gilles G. Ouellette -

Complete Story » By Paulo Santos:

Given the ongoing panic in coal shares, I decided to do a series which will look at several coal stocks using the Altman Z-score. The purpose will be to get a feel for the relative risk of each coal stock. This article will be on Peabody Energy (BTU). The Altman Z-score, as defined by Wikipedia, is:

The Z-score formula for predicting bankruptcy was published in 1968 by Edward I. Altman, who was, at the time, an Assistant Professor of Finance at New York University. The formula may be used to predict the probability that a firm will go into bankruptcy within two years. Z-scores are used to predict corporate defaults and an easy-to-calculate control measure for the financial distress status of companies in academic studies. The Z-score uses multiple corporate income and balance sheet values to measure the financial health of a company.

The Z-score is a linear combination of

Complete Story » By Fredrik Arnold:

In December 2011 this monthly report series began applying dog dividend methodology to each of eight major market sectors. In alphabetical order those sectors were: basic materials, consumer goods, financial, healthcare, industrial goods, services, technology, and utilities.

A ninth sector, conglomerates, according to Yahoo Finance, contained just eight firms, five of which paid dividends. Thus it was decided not to apply dogs of the index metrics a sector containing fewer than ten dividend paying equities.

Dogs of the Index Metrics Selected Ten Top Financial Stocks by Yield

Two key metrics determined the yields that ranked these sector dog stocks: (1) stock price; (2) annual dividend. Dividing the annual dividend by the price of the stock declared the percentage yield by which each dog stock was ranked.

Historically dividend dog investors utilized this ranking system to select portfolios of five or ten stocks in any one index, sector, or survey to

Complete Story » By ZetaKap:

Interested in following smaller companies? Interested in industrial stocks? Looking for undervalued stocks? Do you prefer stocks that analysts rate as 'Buy'? Keeping these ideas in mind, we ran a screen you might be interested in.

The Price/Sales ratio is a price-multiple valuation metric used to help identify if a firm is cheap by its twelve month trailing sales numbers. In the most basic terms it let's an investor know how much the investment community is willing to pay for every dollars worth of sales. A firm with a P/S ratio of one or lower would be viewed as cheap because investors are paying $1 or less for every dollars worth of a firm's sales. On the other hand, a firm is generally considered to be expensive when the P/S ratio is above three. These are general guidelines used by the investment community not hard rules to be clear. Price/Sales

Complete Story »

Zale (ZLC)

Q3 2012 Earnings Call

May 23, 2012 9:00 am ET

Executives

Roxane Barry - Director of Investor Relations

Theophlius Killion - Chief Executive Officer and Director

Thomas A. Haubenstricker - Chief Financial Officer and Senior Vice President

Matthew W. Appel - Chief Administrative Officer

Analysts

Rick B. Patel - BofA Merrill Lynch, Research Division

David Wu - Telsey Advisory Group LLC

Jeffrey S. Stein - Northcoast Research

William R. Armstrong - CL King & Associates, Inc.

Presentation

Operator

Good morning. My name is Christie, and I will be your conference operator today. I would like to welcome everyone to the Zale Corporation's Third Quarter Fiscal 2012 Earnings Conference Call. [Operator Instructions] I would now like to turn the call over to Ms. Roxane Barry, Director of Investor Relations. Please go ahead.

Roxane Barry

Good morning, and thank you for joining us. Participating in today's call will be Theo

Complete Story » By Vatalyst:

Chesapeake (CHK) is an undervalued and risky investment for those looking into the energy industry. The low stock price for the second largest producer of natural gas in America is certainly appealing, but there a number of factors that make Chesapeake an extremely risky investment for the short term or long term investor. Chesapeake is currently dealing with problems in its board, high debt combined with lowered credit ratings and all-time natural gas pricing lows that are hampering earnings. It's doubtful that Chesapeake will be able to sustain or overcome its current issues. It seems more probable that the oil and natural gas provider will be dismantled or acquired by a larger organization.

The current stock price is hovering around $15 since increasing in response to recent news about ensuing changes to the board. The price is still at the low end of the 52 week range between $13 and

Complete Story »

Gartner Inc. (IT)

BarCap Global Technology TMT Conference

May 23, 2012 3:15 p.m. ET

Executives

Chris Lafond - EVP & CFO

Brian Shipman - IR

Analysts

Manav Patnaik - Barclays Capital

Presentation

Manav Patnaik - Barclays Capital

Hi, good afternoon everybody. My name is Manav Patnaik, I am Barclays information services analyst. I cover Gartner. Given it was a part technology conference, I thought it makes complete sense to have Gartner here as well. I do have a one overweight grading on them. I find the growth opportunity here attractive in the predominant research subscription model which leads to pretty strong free cash flow generation very attractive as well. So that’s sort of my quick pitch. But we have – thank Chris Lafond, CFO to be here as well as Brian Shipman who is the IR in charge there. So without taking any more time, Chris.

Chris Lafond

Thank you

Complete Story » By TechCrunch:

By Ingrid Lunden

A mixed bag of news for Hewlett Packard (HPQ) today: It posted Q2 sales that have just edged out analyst expectations, but it has also confirmed 27,000 job cuts that should save the company between $3 billion and $3.5 billion by 2014.

The company is a tech behemoth: It employs 350,000 people worldwide, before these cuts were announced. This means the cuts are equivalent to about 8% of its workforce.

The cuts fall squarely in the middle of the estimates that were reported in past weeks, with CEO Meg Whitman reportedly planning to cut between 25,000 and 30,000 jobs - news that investors seemed to actually find encouraging with the stock price rising on the news. That seems to be the case here, too - the combination of decent results plus a concerted plan for cutting costs sent the stock up in after-hours trading.

HP says that

Complete Story »

Cypress Semiconductor Corporation (CY)

May 23, 2012 9:30 am ET

Executives

Brad W. Buss - Chief Financial Officer, Principal Accounting Officer, Executive Vice President of Finance & Administration and Corporate Secretary

Analysts

Blayne Curtis - Barclays Capital, Research Division

Presentation

Blayne Curtis - Barclays Capital, Research Division

All right. We'll go ahead and get started. Thanks for joining. Welcome to the second day of Barclays' Global TMT Conference. Next presenter is Cypress Semiconductor. You all probably know Brad Buss, Chief Financial Officer. He's going to do a couple of quick slides, but most of you probably know the story, and then we'll do some Q&A, and then I'll open it up at the end. There's no breakout so ask your questions now. Thanks. Brad?

Brad W. Buss

Thanks, Blayne. Glad to be here, even though I do miss the crown a little bit. So, yes, I'm just going to go

Complete Story » By Dividend Kings:

CenturyLink (CTL) is just one of those companies that you really don't know what to make of. On the one hand, you can't really discount the potential of this company as compared to some of its main competition because of the growth and ability to gain a bigger market share with its services in the future. But on the other hand, news reports say that it's underperforming earnings-wise. However, there needs to be a caveat on that. Why? Well, let's examine the reasons for the underperformance, mainly that it has improved its service and its operating costs have reduced its capital a bit.

In light of that, you can probably lend a bit more credence to the report that it is currently performing better than what the market experts believe it should be doing right about now. However, take all of these reports with a grain of salt, a particularly

Complete Story » By Lior Cohen:

The price of natural gas continues to recover: The short-term future price has reached its highest level since the end of January 2012. This price hike in natural gas is also reflected in the spike in United States Natural Gas (UNG). Will this rise in natural gas help curb the fall of Chesapeake Energy (CHK)?

Chesapeake has been on the news lately, mainly due to the downgrade in the company's stock following the $4 billion short-term loan the company had taken at an 8.5% rate to stay afloat.

During April and May, the price of natural gas bounced back from its tumble during the first quarter of the year. During May, the Henry Hub short-term future increased by 15.8% and the price of United States Natural Gas rose by 17%. The natural gas storage levels are still high (the natural gas weekly update will be published by EIA tomorrow), even

Complete Story » By StopAlerts:

JPMorgan Asset Management published a report with data as of May 17, showing the percent change in price required for U.S. stocks and U.S. bonds to reach their 20-year historic "real" earnings or "real" yields.

It's a glaring look of what has been well talked about for a good while now, but not so clearly summarized for a broad scope. Their juxtaposition of stocks and bonds at the same time based on the same basic criteria is helpful.

We believe you will find it interesting.

Figure 1: US Stocks by Market-Cap and Style

Related ETFs are:

• IWF - LC G
• IWB - LC B
• IWO - SC G
• IJK - MC G
• IWD - LC V
• IWM - SC B
• MDY - MC B
• IWN - SC V
• IJT - MC V

Figure 2: US Bonds by Type (+ EM Bonds)

Generally related ETFs are:

• MBB - MBS
• HYG -

Complete Story » By Dividend Kings:

Chevron (CVX) is a favorable investment that is adequately priced in the market and shows potential of growth through its promising ventures and operations. Chevron is the 5th largest integrated energy company in the world with an assertive plan to become the leading organization in the LNG market worldwide. It also pays out adequate dividends to shareholders and it currently slightly undervalued for its potential in the market. This is best served as a long-term defensive investment.

The current stock price is hovering around $100 per share while the 52 week range has been from $86 to $112. The 50 day moving average and 200 day moving average have been around $103 and $105 respectively. The beta typically ranges from .7 to one as a relatively stable investment on the market. The return on equity has been decreasing slightly the past three quarters but it is still above the industry

Complete Story » By Alexander Paslawsky:

Now that Facebook (FB) is a publicly traded company on the Nasdaq, one disadvantage it faces is that it will be required to disclose a plethora of information on a routine basis to the SEC and the general public. Facebook will have to deal with the added pressure from investors and money managers to consistently meet revenue/income goals and beat earnings expectations.

According to Facebook's latest S-1, the majority (85%) of Facebook's revenue in 2011 came from selling advertisements. Facebook relies heavily on keeping its roughly 242 million MAUs (monthly active users) online in order to generate advertising revenue. Moving forward, Facebook will need to monetize to survive without going the route of MySpace and losing its most valuable asset, which is its 242 million users worldwide.

Ideally, Facebook could capitalize on the fact that its users are more than willing to share pictures, status updates, and personal information. The

Complete Story » - By Pat Stout:

DELL (DELL): 10-Year Review

Long-term investors in Dell may find this information of interest.

Revenue, net income, dividends, share repurchases and long-term debt, for the 10 years ending Jan/Feb 2002 through 2012 from 10-k filings were reviewed.

The first thing that stands out:

• The amount of owners' cash that was exchanged for shares.
• No dividends have been paid
• The increase in long-term debt
• The decline in the market value of the firm

What happened to long-term debt?

It moved higher.

• 2003: Long-term debt was $506 million
• 2012: Long-term debt was $6,387 million

Long-term debt increased $5,881 million or 1,162%

What happened to revenue?

• 2003: $35,404 million
• 2012: $62,071 million

How many years of revenue would it take to pay off the long-term debt?

• 2003: 0.01 years
• 2012: 0.10 years

What happened with net income?

• 2003: Net income was $2,122 million
• 2004: Net income was $2,645 million
• 2012: Net income was

Complete Story » By Jamie Smith:

On Monday, Eaton Corporation (ETN) announced a deal to acquire Cooper Industries (CBE) for cash and stock worth $11.8 billion. The offer of $72 per CBE share represented a

Complete Story » By Steven Dotsch:

BAE Systems (BAESY.PK) (BAESF.PK) announced today that it has secured a £1.7bn ($3bn) deal to provide Hawk trainer jets to Saudi Arabia. The deal also includes simulators, ground and training equipment and spare parts.

A Saudi defence ministry official, quoted by news agency SPA, said the deal would help its pilots "to use fourth generation jet fighters in full professionalism and efficiency."

The £1.7bn deal follows on from the one secured in 2007, by BAE Systems, when Saudi Arabia ordered 72 Eurofighter Typhoon fighters (24 of which have been delivered to the Royal Saudi Air Force) in a deal valued at £21bn (£32.9bn) - the contract to build the remaining 48 jets has been signed but changes to the price of the deal has yet to be agreed.

Submarine contract

Earlier this week, the UK government awarded BAE Systems with a £328m ($518m) nuclear submarine contract to design UK's next

Complete Story » By ZetaKap:

Interested in stocks paying dividend income, but don't know where to start? Do you prefer stocks that are projected to grow over the next year? Are you after stocks that analysts are calling 'buy' or 'strong buy'? If so, here are some ideas to start your stock search.

EPS growth (earnings per share growth) illustrates the growth of earnings per share over time. The 1-Year Expected EPS Growth Rate is an annual growth estimate, where the growth projections are made by analysts, the company or other credible sources.

We first looked for stocks with a very high yield (more than 5%). We next screened for businesses with estimated high-growth, with 1-year projected EPS growth above 25%. We then looked for companies that analysts rate as "Buy" or "Strong Buy" (mean recommendation < 3). We did not screen out any market caps or sectors.

Do you think these stocks have a

Complete Story » By Jeff Williams:

Looking at a companies profitability is a very important step in understanding a company. Profitability is essentially why the company exists and is a key component in a reason for investing or to stay invested in a company. There are many metrics in calculating profitability, but in this test I will look at Cummins Incorporated (CMI) Earnings and Earnings Growth, Profit Margins, Profitability Ratios and Cash Flows. With these four main sections we will understand more about the company's profitability and if this summary is compared with other companies in the same sector, you will be able see who has been most profitable.

Earnings and Earnings Growth

1. Earnings = sales x profit margin

• 2010 - $13.226 billion x 7.9% = $1.04 billion

• 2011 - $18.048 billion x 10.2% = $1.84 billion

Cummins' Earnings increased from $1.04 billion in 2010 to $1.84 billion in 2011.

2. Earnings per

Complete Story » By Sol Palha:

Kinder Morgan Energy Partners L.P (KMP) is the largest independent owner and operator of petroleum product pipelines in the U.S. It owns more than 28,000 miles of pipeline and roughly 180 storage terminals and is the largest carbon dioxide marketer in the U.S.

Reasons to be bullish on KMP:

• A strong relative strength score of 75.
• A five-year cash flow per share average of $9.40.
• A good five-year dividend average of 6.83%.
• A 5 year dividend growth rate of 6.7%.
• Operating margins of 23%.
• EBITDA increased from $2.6 billion to $2.8 billion.
• A 3-5 year EPS projected growth rate of 5%.
• A good five-year ROE average of 22%.
• A decent current ratio of 4.54.
• Cash flow per share increased from $10.54 in 2009 to $11.72 in 2011.
• Sales increased by more than a billion from $7.0 billion in 2009 to $8.2 billion in 2011.
• Annual EPS before NRI increased from

Complete Story » By The Independent Investor:

Wow, it seems like years ago gold was the most talked about asset in the market. Just a year ago, with the S&P 500 and its tracking exchange traded fund - SPDR S&P 500 SPY (SPY) - off nearly 20% from where it is today and fears of an implosion in Europe at the highest levels the financial community had seen in some time, gold and its tracking exchange traded fund, SPDR Gold Trust (GLD), was all the rage.

Now, even after the recent sell-off, the S&P 500 is still up significantly from the middle of last year, with stocks such as Apple (AAPL) up 30% this year alone. Recent reports have also showed that demand for gold was actually down during the first quarter of this year by around 5%, while the price is 15% higher today than it was this time last year.

Gold has had a horrible

Complete Story »