Thursday, November 29, 2012

Tiffany's Q3 Cash Flow Turns Positive

Tiffany & Co. (NYSE: TIF) filed financials for the 3rd quarter ending October 31,2012 this morning. After lower forecasts for 2013 shares are off 8% intra-day, trading under $60 a share. Equities Research warned on Tiffany's after 2nd quarter financials were reported on August 27,2012.

Q3 2012 cash flow turning positive vs. 3rd 2011 is bullish
This morning's report shows an increase of 12% for Tifanny's trailing twelve month operating cash flow vs. the comparable ttm period ending October 31,2011, but shares are still trading at 26 times trailing twelve month cash flow of $288 million.
Equities Research would be bullish on TIF if shares were trading at a lower Operational Cash Flow multiple closer to the 17 times cash flow.






Wednesday, November 28, 2012

YAHOO! CASH FLOW UP 58%

Yahoo! Inc. (NASDAQ: YHOO) generated over $2 billion in operational cash flow for the trailing twelve months ending September 30,2012, an increase of 58% vs. the comparable period ending September 30, 2011.

Operational Cash Flow
Sept. 2012 ttm : $2.049 billion (+58%)
Sept. 2011 ttm : $1.295 billion (+48%)
Sept. 2010 ttm :   $876 million


YAHOO MAKES HISTORY: $1 Billion Quarter

Tuesday, November 27, 2012

Hillenbrand Cash Flow Declines 27%

Hillenbrand, Inc (NYSE: HI ) operating cash flow for the year ending September 2012 declined $51 million from the comparable period ending September 2011.

Operating Cash Flow:

2012: $138.2 million
2011: $189.5 million



Monday, November 26, 2012

Disney Operational Cash Flow Up 14%

 DISNEY Grows Operational Cash Flow by $1 Billion

Walt Disney Co. (NYSE: DIS: $49.26) reported 2012 year end financials for the period ending September 29,2012.

Operational Cash Flow grew 13.9% year over year.
2012: $7.966 billion
2011: $6.994 billion
2010: $6.578 billion
2009: $5.064 billion





Archives

Stockdiagnostics Charts

Equities Research posts

 dis
10/21/2012

Walt Disney Company (NYSE: DIS) closed the week @ $51.90. Stockdiagnostics upgraded DIS @ $27.02 (dividend adjusted) on February 14,2005 after the company reported FY2005 1st quarter financials for the period ending December 31,2004. Since the upgrade 7 years ago DIS has gained 92% vs. the Dow Jones Industrial Average has gained 24%.


9/20/2012

Walt Disney Company (NYSE: DIS) traded at an all time (50 year) high yesterday before closing @ $52.70. Stockdiagnostics upgraded DIS @ $27.02 (dividend adjusted) on February 14,2005 after the company reported FY2005 1st quarter financials for the period ending December 31,2004. Since the upgrade 7 years ago, the Dow Jones Industrial Average has gained 26% vs. DIS which has gained 95%.


9/6/2012

Walt Disney Company (NYSE: DIS) traded at an all time (50 year) high yesterday before closing @ $50.79. Stockdiagnostics upgraded DIS @ $27.02 (dividend adjusted) on February 14,2005 after the company reported FY2005 1st quarter financials for the period ending December 31,2004. Since the upgrade 7 years ago, the Dow Jones Industrial Average has gained 21% vs. DIS which has gained 88%.


8/9/2012

Walt Disney Company (NYSE: DIS) traded at an all time (50 year) high yesterday before closing @ $50.49. Stockdiagnostics upgraded DIS @ $27.02 (dividend adjusted) on February 14,2005 after the company reported FY2005 1st quarter financials for the period ending December 31,2004. Since the upgrade 7 years ago, the Dow Jones Industrial Average has gained 22% vs. DIS which has gained 87%.


7/13/2012

Walt Disney Company (NYSE: DIS) closed yesterday @ $47.41. Stockdiagnostics upgraded DIS @ $27.02 (dividend adjusted) on February 14,2005 after the company reported FY2005 1st quarter financials for the period ending December 31,2004. Since the upgrade 7 years ago, the Dow Jones Industrial Average has gained 16.5% vs. DIS which has gained 75%.


5/4/2012

Walt Disney Company (NYSE: DIS) closed yesterday @ $43.81. Stockdiagnostics upgraded DIS @ $27.63 (dividend adjusted) on February 14,2005 after the company reported FY2005 1st quarter financials for the period ending December 31,2004. Since the upgrade 7 years ago, the Dow Jones Industrial Average has gained 22% vs. DIS which has gained 58%.

3/11/2012

Stockdiagnostics OPS Charts for members of the Dow Jones Industrial Index
(click ticker to view charts)Walt Disney Co. <(DIS)

2/29/2012

Walt Disney Company (NYSE: DIS) closed yesterday at an 8 month high @ $41.93. Stockdiagnostics upgraded DIS @ $27.02 (dividend adjusted) on February 14,2005 after the company reported FY2005 1st quarter financials for the period ending December 31,2004. Since the upgrade 7 years ago, the Dow Jones Industrial Average has gained less than 1% vs. DIS, which has gained 55%.

Sunday, November 25, 2012

Mueller Water's Holiday Weekend 8K

The Stock Market is always shortened the week of Thanksgiving. Thursday the market is always closed and Friday the market closes at 1pm. What's always interesting is the disclosure made with the Securities & Exchange Commission after the close on Friday.

At 3:15pm est. after the market closed on Friday, Mueller Water Products, Inc.(NYSE:MWA) filed an 8-K with the SEC disclosing the following:

  • Item 4.02.
    Non-Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review.
    On November 19, 2012, the Audit Committee of the board of directors of Mueller Water Products, Inc. (the “Company”), upon the recommendation of management, concluded that the Company's previously filed unaudited condensed consolidated statement of cash flows for the six months ended March 31, 2011 and nine months ended June 30, 2011 included in the Company's Quarterly Reports on Form 10-Q for the quarters ended March 31, 2012 and June 30, 2012, respectively, should no longer be relied upon because of errors in the classification of cash flows as between those from continuing operations and those from discontinued operations. These errors had no impact on any consolidated balance sheet, consolidated statement of operations, consolidated statement of changes in stockholders' equity, debt compliance covenant or employee compensation metric for any period. These errors also had no impact on any consolidated statement of cash flows for any period other than the six months ended March 31, 2011 and the nine months ended June 30, 2011.

    These errors related to the classification of deferred income taxes and retirement plans adjustments in determining cash flows from operating activities due to designating the Company's U.S. Pipe business segment as discontinued operations in the Company's consolidated financial statements during the quarter ended March 31, 2012. Cash flows from continuing operations were understated by $8.0 million and $10.0 million for the six months ended March 31, 2011 and nine months ended June 30, 2011, respectively. Cash flows from discontinued operations were overstated during these periods by these same amounts. Corrected unaudited condensed consolidated statements of cash flows for these periods are included as Exhibit 99.1. This information will also be presented in Note 22 of the notes to consolidated financial statements in the Company's Annual Report on Form 10-K for the year ended September 30, 2012, which is expected to be filed on or before November 29, 2012.

    The Audit Committee discussed these matters with Ernst & Young LLP, the Company's independent registered public accounting firm.

Wednesday, November 21, 2012

ADP NOT AAA CREDIT WORTHY

ADP NOT AAA CREDIT WORTHY
the 4 AAA rated S&P 500 companies:
Exxon, Microsoft, Johnson & Johnson, Automatic Data Processing

November 2, 2012 10am est.

Equities Research

Friday Morning Call: STRONG SELL  (NYSE: ADP) $59.36

Automatic Data Processing, Inc.
Operational Cash Flow per share (OPS) declined 121% year over year
1st Quarter 2013 financials filed with Securities & Exchange Commission on November 2,2012 @ 9:22am est.

After 72 consecutive quarters (18 years) reporting positive operational cash flow, ADP disclosed  FY2013 1st Quarter Operational Cash flow of NEGATIVE $65 million!


Stockdiagnostics has ranked ADP with a "1" (highest ranking) for 72 consecutive quarters until this morning's downgrade to a "2" ranking.T


1st Quarter 2013 10Q (ending 9/30/2012)
                               - $0.13 OPS (Q1 2013) vs. $0.65  (Q1 2012).OPS DECLINED 121%


ADP reported negative $65 million in Operational Cash flow down from $316 million a year ago for the comparable 1st quarter.


OPS Spread:
Earnings Per share vs. Operational Cash Flow per share
1Q 2012 ADP had a positive $0.04 OPS spread. EPS $0.61 vs. OPS $0.65
1Q 2013 ADP had a negative $0.76 OPS Spread. EPS $0.63 vs. OPS -$0.13

Operational Cash Flow trailing 12 months declined 15%
TTM ending 9/30/2011 : $1.799 billion
TTM ending 9/30/2012 : $1.528 billion

OPS Multiple Trailing Twelve Month
9/30/2011 TTM 3Q 2011 $3.71 OPS X 13
9/30/2012 TTM 3Q 2012 $3.14 OPS X 19


Stockdiagnostics Chart with ADP Operational Cash Flow Statistics
Archive posts of ADP on EquitiesResearch.com


shares outstanding 485,473,927


**from 10Q for September 30,2012 quarter
**Net cash flows used in operating activities were $65.1 million for the three months ended September 30, 2012, as compared to $316.3 million provided by operating activities for the three months ended September 30, 2011.  The decrease in net cash flows provided by operating activities was due to the payment of a premium of $141.4 million related to our reinsurance arrangement with ACE American Insurance Company, higher pension plan contributions of $50.3 million, an unfavorable change in the net components of working capital and a variance in the timing of tax-related net cash payments of $23.6 million.

Tuesday, November 20, 2012

MF GLOBAL Transparency

A Review of the disclosures made by MF Global Holdings, Inc.(MFGLQ) prior to it's bankruptcy announced on October 31,2011 was not investor friendly enough in my eyes.

On October 22,2011 the firm released these two investor sheets on their home page:
On October 24,2011 , Dow Jones reported Moody's downgrade

On October 25, 2011, MF Global made the following disclosure in an 8K filed with the SEC

Stockdiagnostics Charts of Bankruptcies

Transparency.......?

Monday, November 19, 2012

APPLE Quarterly Cash Flow Declines,....again



Apple Inc. (NASDAQ: AAPL) operational cash flow declined for the second consecutive quarter. 
After 10 consecutive quarters of operational cash flow growth (q vs. comparable q), Apple has reported 2 consecutive quarters of operational cash declines. 
  • 4th quarter Operational Cash Flow for the period ending September 2012 declined 12.4% vs. the same period in 2011.
  • 3rd quarter Operational Cash Flow for the period ending June 2012 declined 8% vs. the same period in 2011.
  • 2012 year end Cash flow increased 35% vs. 2011 after increases of 102% (2011) & 83% (2010)



Equities Research Archives for Apple, Inc

StockDiagnostics Operational Cash Flow Charts:
<click to AAPL Stockdiagnostics OPS Chart 
<click to AAPL Stockdiagnostics OPS Chart 20 Q 
<click to AAPL Stockdiagnostics OPS Chart 5 YEAR 
<click to AAPL Stockdiagnostics FCF Chart 20 Q 
<click to AAPL Stockdiagnostics FCF Chart 
< 5 YEAR
<click to AAPL Stockdiagnostics growth rates


<GFNN Cash Flow news
<GFNN Free Cash Flow news
<GFNN 2004 news
<GFNN 2003 news (upgrade)


 Richard Suttmeier's Technical Sell Call

Tuesday, November 13, 2012

YAHOO Makes History: $1 Billion Operational Cash Quarter!

Yahoo (NASDAQ:YHOO) generated $1 billion in operational cash flow in a quarter for the first time in the companies history!

  • 3Q operational cash flow improves by $690 million vs. Q3 2011 

  • Q3 2012 operational cash flow increases 193% vs Q3 2011  

Other Operational Cash Flow Increases and Decreases for the Quarter ending September 30,2012 vs. Quarter ending September 30,2011:


INCREASES


(NASDAQ:CRAY)
248%
(NASDAQ:YHOO)
193%
(NASDAQ:ADES)
126%
(NASDAQ:AKAM)
21.60%
((NASDAQ:CTSH
17%
(NASDAQ:ULTI)
14%
(NYSE:PFE)
12.70%



DECREASES


(NYSE:SKX)
-415%
(NASDAQ:SSYS)
-262%
(NASDAQ:IBKR)
-219%
(NASDAQ:ACET)
-150%
(NYSE:MRK)
-31.42%
(NASDAQ:DECK)
-32%
(NASDAQ:RDEN)
-26%
(NASDAQ:PDFS)
-22%
(NYSE:HD)
-6.73%
(NASDAQ:DNKN)
-6.22%
(NASDAQ:JAZZ)
-4.15%
(NYSE:JNJ)
-3.29%



 *period 10/28/2012 vs. 10/28/2011











 
Cash Flow in the News



Warren Buffett on importance of Cash Flow:
 "Common yardsticks such as dividend yield, the ratio of price to earnings or to book value, and even growth rates have nothing to do with valuation except to the extent they provide clues to the amount and timing of cash flows into and from the business. Indeed, growth can destroy value if it requires cash inputs in the early years of a project or enterprise that exceed the discounted value of the cash that those assets will generate in later years.
Market commentators and investment managers who glibly refer to growth and value styles as contrasting approaches to investment are displaying their ignorance, not their sophistication. Growth is simply a component--usually a plus, sometimes a minus-- in the value equation."




















































































Thursday, November 8, 2012

Quarterly Operational Cash Flow Increases & Declines


Quarterly Operational Cash Flow Increases & Declines

Sept. 30, 2012 vs. Sept. 30,2011

Increases

8 X 8 (NASDAQ: EGHT)        +303%
Whirlpool (NYSE: WHR)        +280%
Aspen Tech (NYSE: AZPN)     +250%
Bristol Myers (NYSE: BMY)   +170%
Sturm Ruger (NYSE:RGR)      +130%
Macquarie IC (NYSE:MIC)     +54%
Harris (NYSE:HRS)                 +53%
EBAY (NYSE:EBAY)             +42%
Dupont (NYSE:DD)                 +36%
Open Text (NASDAQ:OTEX) +36%
Coin Star (NASDAQ:CSTR)    +31%
Proctor & Gamble (NYSE:PG) +28%
LumbrLiquidator(NYSE:LL)    +15%
Verizon (NYSE:VZ)                 +8.8%
Amazon (NASDAQ:AMZN)     +8%

Decliners
Automated Data P(NYSE:ADP)  –121%
Expedia (NASDAQ:EXPE)         -61%
DWA (NYSE:DWA)                   -60%
Alcoa (NYSE:AA)                       -47%
BMC (NYSE: BMC)                    -32%
CKEC (NASDAQ:CKEC)            -27%
Haliburton (NYSE: HAL)            -20%
Intel (MASDAQ: INTC)               -19%
John Sanflippo (NASDAQ:JBSS) –16%

Sunday, November 4, 2012

Weekend Stock Posts

Equities Research Weekend Stock Posts

11/4/2012

Aceto Corporation (NASDAQ: ACET) closed the week @ $9.87. Stockdiagnostics upgraded ACET @ $5.78 (dividend adjusted) on September 14,2011 after the company reported FY2011 4th quarter financials for the period ending June 30,2011. Shares have gained 71% in 15 months.
<click to ACET Stockdiagnostics OPS chart


11/4/2012

AO Smith Corporation (NYSE: AOS) traded Friday at an all time (28 year) high before closing the week @ $59.96. Stockdiagnostics upgraded AOS @ $19.52 (split and dividend adjusted) after the company reported 1st quarter financials for the period ending March 31,2009. Since the upgrade 44 months ago shares have gained 207%.
<click to AOS Stockdiagnostics OPS 20 quarter chart
<click to AOS Stockdiagnostics OPS 5 year chart
<click to AOS Stockdiagnostics FCF 20 quarter chart
<click to AOS Stockdiagnostics FCF 5 year chart

11/4/2012

Barrett Business Services, Inc. (NASDAQ: BBSI) traded at an all time high Friday before closing @ $31.98. Stockdiagnsotics upgraded BBSI @ $12.60 on August 19,2010 after the company reported 2nd quarter financials for the period ending June 30,2010. Since the upgrade 27 months ago have gained 154%.
<click to BBSI Stockdiagnostics OPS chart 5 year
<click to BBSI Stockdiagnostics OPS chart
<click to BBSI GFNN news story

11/4/2012

CalAmp Corporation (NASDAQ: CAMP) closed the week @ $8.36. Stockdiagnostics upgraded CAMP @ $3.18 on May 16,2011 after the company reported FY2011 4th quarter financials for the period ending February 28,2011. Shares are up 163% in 18 months.
<click to CAMP Stockdiagnostics OPS chart 4q
<click to CAMP Stockdiangostics FCF chart 20q

<click to CAMP Stockdiagnostics FCF chart

<click to CAMP Stockdiagnostics OPS chart

11/4/2012

Cardtronics, Inc. (NASDAQ: CATM) closed Friday @ $25.27. Stockdiagnostics upgraded CATM @ $3.02 on May 12,2009 after the company reported 1st quarter financials for the period ending March 31,2009. Since the upgrade 341 months ago shares have gained 737%.
<click to CATM Stockdiagnostics OPS 20 quarter chart
<click to CATM Stockdiagnostics OPS 5 year chart
<click to CATM Stockdiagnostics FCF 20 quarter chart
<click to CATM Stockdiagnostics FCF 5 year chart

11/4/2012

Crown Castle International Corp.  $67.70

<click to CCI Stockdiagnostics FCF chart 20 quarter

11/4/2012

Cerner Corporation (NASDAQ: CERN) closed the week @ $77.73. Stockdiagnostics upgraded CERN @ $5.31 (adjusted for splits) on May 8,2003 after the company reported 1st quarter financials for the period ending March 31,2003. In 9 years since the upgrade shares have appreciated 1364%.
<click to CERN Stockdiagnostics OPS chart 5 year
<click to CERN Stockdiagnostics OPS chart
<click to CERN GFNN news story

11/4/2012

8 X 8, Inc. (NASDAQ: EGHT) closed Friday @ $6.43. Stockdiagnostics upgraded EGHT @ $1.40 on August 9,2010 after the company reported FY2010 1st quarter financials for the period ending June 30,2010.  Since the upgrade 27 months ago, shares have appreciated 360%.
c<lick to EGHT Stockdiagnostics OPS chart 5 year
<click to EGHT Stockdiagnostics OPS chart
<click to EGHT GFNN news story<

11/4/2012

Eagle Materials, Inc. (NYSE: EXP) closed the week $51.48. Stockdiagnostics upgraded EXP @ $28.25 (dividend adjusted) on May 31,2011 after the company reported FY2011 4th quarter financials for the period ending March 31,2011. Since the upgrade 18 months ago shares are up 82%.
<click to EXP Stockdiagnostics OPS chart
<click to EXP Stockdiagnostics OPS chart 5 year

<click EXP Stockdiagnostics OPS chart 4q

11/4/2012

Headwater, Inc. (NYSE: HW) closed the week @ $7.13. Stockdiagnostics upgrade HW @ $2.72 on February 7,2012 after the company reported FY2012 1st quarter financials for the period ending December 31,2011. Since the upgrade 9 months ago shares have gained 162%.
<click to HW Stockdiagnostics OPS chart

11/4/2012

Kansas City Southern (NYSE: KSU) traded Friday at an all time high before closing @ $81.10. Stockdiagnostics upgraded KSU @ $36.98 (dividend adjusted) on August 2, 2010 after the company reported 2nd quarter financials for the period ending June 30,2010. Shares are up 119% since the upgrade 27 months ago.
<click to KSU Stockdiagnostics OPS chart
<click to KSU GFNN news story

11/4/2012

LKQ Corp.  $21.40

<click to LKQ Stockdiagnostics FCF chart 20 quarter

11/4/2012

Lumber Liquidators Holding, Inc (NYSE:LL) closed the week @ $56.09. Stockdiagnostics upgraded LL @ $14.73 on November 1,2011 after the company reported 3rd quarter financials for the period ending September 30,2011. Since the upgrade shares are up 281% in 1 year.
<c
lick to LL Stockdiagnostics OPS 5 year chart<click to LL Stockdiagnostics FCF 5 year chart
<click to LL Stockdiagnostics OPS chart

11/4/2012

Metropolitan Health Networks, Inc. (NYSE: MDF) traded Friday at an all time (15 year) high before closing @ $10.85. Stockdiagnostics upgraded MDF @ $3.45 on August 13,2010 after the company reported 2nd quarter financials for the period ending June 30,2010. In 27 months shares have appreciated 215%.<click to MDF Stockdiagnostics OPS chart 5 year<click to MDF Stockdiagnostics OPS chart
<click to MDF GFNN news story

11/4/2012

The McGraw-Hill Companies, Inc (NYSE: MHP) traded Friday at a 4 year high before closing @ $54.43. Stockdiagnostics upgraded MHP @ $27.86 on May 4,2009 after the company reported 1st quarter financials for the period ending March 31,2009. In less that 41 months since the upgrade shares are up 95%.
<click to MHP Stockdiagnostics OPS chart
<click to MHP GFNN news story

11/4/2012

Nike, Inc. (NYSE: NKE) closed the week @ $94.54. Stockdiagnostics upgraded NKE @ $19.25 (dividend adjusted) on August 27,2002 after the company reported 4th  quarter financials for the period ending May 31,2002. Shares have appreciated 391 % in 10 years since the upgrade.
<click to NKE Stockdiagnostics FCF chart
<click to NKE Stockdiagnostics OPS chart
<click to NKE GFNN news story<

11/4/2012

Pharmacyclics Inc. (NASDAQ: PCYC) closed the week @ $57.37. Stockdiagnostics upgraded PCYC @ $23.23 on February 13,2012 after the company  reported FY2012 2nd quarter financials for the period ending December 31,2011. Since the upgrade 9 months ago shares have appreciated 147%
<click to PCYC Stockdiagnostics OPS chart
<click to PCYC Stockdiagnostics OPS 5 year chart

11/4/2012

Salem Communications Corp. (NASDAQ: SALM) closed the week @ $5.89. Stockdiagnostics upgraded SALM @ $2.88 on August 16,2011 after the company reported 2nd quarter financials for the period ending June 31,2011. In 15 months since upgrade, shares have appreciated 105%.
<click to SALM Stockdiagnostics OPS chart 5 year
<click to SALM Stockdiagnostics OPS chart

11/4/2012

SBA Communications (NASDAQ: SBAC) traded at an all time high Friday before closing @ $66.60. Stockdiangostics upgraded SBAC @ $16.70 on November 16,2005 after the company reported 3rd quarter financials for the period ending September 30,2005. Since the upgrade 7  years ago, shares are up 299%.
<click to SBAC Stockdiagnostics OPS chart 5 year
<click to SBAC Stockdiagnostics OPS chart
<click to SBAC GFNN news story

11/4/2012

Visa, Inc (NYSE:V) traded at an all time high Friday before closing @ $143.40. Stockdiagnostics upgraded Visa @ $73.07 (dividend adjusted) on February 7,2011 after the company reported 2011 1st quarter financials for the period ending December 31,2010. In 21 months since the upgrade, shares have gained 96%<click to Visa Stockdiagnostics OPS chart