Friday, June 28, 2013

ADA-ES, Buffalo Wild Wings & Hit All Time Highs

Equities Research Friday Morning Post

6/28/2013 Group, Inc. (NASDAQ:WWWW) traded at an all time high yesterday before closing @$25.01. Stockdiagnostics upgraded WWWW @ $5.58 on June 17,2009 after the company reported 1st quarter financials for the period ending March 31,2009. In 4 years since the upgrade, shares have appreciated 348%
<click to WWWW Stockdiagnostics OPS chart
<click to WWWW GFNN news story

<February 2013 Equities Research Newsletter


Buffalo Wild Wings, Inc. (NASDAQ:BWLD) traded yesterday at an all time (10 year) high before closing @ $98.31. Stockdiagnostics upgraded BWLD @ $13.69 (split adjusted) on March 8,2004 after the company reported 4th quarter financials for the period ending December 31,2003. Since the upgrade 9 years ago shares have appreciated from 618%.

<click to BWLD Stockdiagnostics FCF chart
<click to BWLD Stockdiagnostics OPS Chart
<click to BWLD GFNN news story


ADA-ES, Inc. (NASDAQ: ADES) traded yesterday at an all time (9year) high before closing @ $41.17. Stockdiagnostics upgraded ADES @ $5.10 on August 27,2010 after the company reported 2nd quarter financials for the period ending June 30,2010. Since the upgrade 34 months ago, shares are up 707%.
<click to ADES Stockdiagnostics OPS chart
<click to ADES GFNN news story

Wednesday, June 26, 2013

Olstein Funds Recommended Reading

At the Olstein Funds home page is a link to a recommended reading list of 17 books .

Below I copied the list from the link.
  •   Security Analysis, Sixth Edition (based on the Classic1940 Edition),by Benjamin Graham and David Dodd. New York: McGraw-Hill, 2008.

Saturday, June 22, 2013

The Friday Night 8K

On Friday evening at the end of the week after everyone has gone home for the weekend some of the most interesting 8K disclosures are filed with the Securities & Exchange Commission. (click links to view 8K)

              (e) Compensatory Arrangements of Certain Officers.
Effective June 21, 2013, the Compensation Committee (the “Committee”) of the Board of Directors of Apple Inc. (“we,” “Apple,” or the “Company”) approved the amendment of the restricted stock units awarded on August 24, 2011 to Timothy D. Cook, the Company’s Chief Executive Officer. The amendment does not change the original grant date fair value of Mr. Cook’s award as originally reported in the Company’s Proxy Statement filed with the SEC on January 9, 2012. It does, however, align Mr. Cook’s potential realizable compensation from the award with Company performance, and reflects the Committee’s intent to have a portion of future equity awards be performance-based for the Company’s executive officers, and for Mr. Cook to lead by example."

Tuesday, June 18, 2013

LINE: Operational Cash FLow Up 854%

Linn Energy, LLC (NASDAQ: LINE) traded at a 52 week low before closing @ $30.52.

Below are Operational Cash Flow Statistics for the trailing 12 quarters: (click to enlarge)

FY2013 Q1 Free Cash flow: positive $73,847,000
FY2012 Q1 negative free cash flow ($195 million).
$268 million improvement q v q

*Note: Accounts Payable and Debt both rose significantly

Learning Operational Cash Flow :
Warren Buffett   
Herb Greenberg Videos :A, B,C,D,E
Tom Renna (Under Armour EPS SYNDROME Days)  A,B,C,D,E,F,G,H, I

"in this day and age of digital speed and lightning trading, Equities Research continues to use a CALENDAR to measure investments and performance by examining Quarterly and annual fundamentals" -----Thomas Renna 3/14/201

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Friday, June 14, 2013

Olstein: "Free Cash Flow is Air of Corporations"

Valuation vs. Cash Flow

This week my favorite mutual fund manager Bob Olstein appeared on CNBC-TV explaining the most important metric, "free cash flow", when evaluating an underlying business. After finding a business with great cash flow, Olstein then focuses on "Price,Price, Price" of the stock's relation to cash flow.

Olstein shared his view on Macy (M), Amazon (AMZN), Microsoft (MSFT), Johnson & Johnson (JNJ, Cisco (CSCO), Lowes (LOW), Dupont (DD), Harman (HAR), Lennar (LEN).
(click to Stock Name to view Equities Research archives with Stockdiagnostics cash flow charts)

click Equities Research Archives of Bob Olstein
Olstein Eyes Microsoft & Intel

Wednesday, June 12, 2013

Equities Research Upgrade Cooper Tire Acquired

This morning the 100 year old company Cooper Tire & Rubber Company (NYSE: CTB) announced it will be acquired at $35.00 a share.

Stockdiagnostics upgraded CTB @ $13.18 (dividend adjusted) on February 14,2007 after the company reported 4th quarter financials for the period ending December 31,2006. Since the upgrade 6 years ago shares have appreciated 157% vs 11% for the Standard & Poors 500 index.

Equities Research  upgraded CTB @ $19.05 (dividend adjusted) on August 14,2007 after the company reported 2nd quarter financials for the period ending June 30,2007. Since the upgrade 6 years ago shares have appreciated 78% vs 14% for the Standard & Poors 500 index.

click to Equities Research Upgrade and Stockdiagnostics Chart

IN APRIL 2013 
H.J.Heinz Company (NYSE:HNZ) announced the approval of its acquisition by Berkshire Hathaway (NYSE: BRK) at an all time (28 year) high @ $72.50. Stockdiagnostics upgraded HNZ @$34.24 (dividend adjusted) on August 25,2009 after the company reported 1st quarter financials for the period ending July 31,2009. Since the upgrade shares have gained 112% in 44 months. (22% annualized total return)
<click to HNZ Stockdiagnostics OPS chart
<click to HNZ GFNN news story

Click to 55 Stockdiagnostics Upgrades Acquired in 2012

Click to learn more about Upgrades and Downgrades

Order the June 2013 Equities Research Newsletter here

**Warren Buffett, Chairman of Berkshire Hathaway:2000 Annual Report:
"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."

Tuesday, June 4, 2013


Proposal No. 3 -The stockholders did not approve the Company's 2013 Equity Incentive Plan

On May 30,2013 TITAN MACHINERY (NASDAQ: TITN) held their annual meeting of shareholders and offered 3 proposals. Proposal 1 & 2 were approved and Proposal #3 was not approved.

  •  Proposal No. 1 - The stockholders elected each of the three Class III nominees to the Board of Directors for a three-year term. 
  • Proposal No. 2 - The stockholders adopted the non-binding resolution approving the compensation of the Company's Named Executive Officers as described in the Company's 2013 Proxy Statement.
    Proposal No. 3 -The stockholders did not approve the Company's 2013 Equity Incentive Plan. Under Delaware law, a proposal must receive the affirmative vote of a majority of the shares present and entitled to vote. Shares voted "Abstain" had the same effect as votes against the proposal.

    For       8,384,676
    Against   8,163,921
    Abstain     332,618 
    JUNE 4,2013 
    This Morning TITAN insiders and a Director
    Filed SEVEN(7)FORM 4s with SEC
    click to SEC FILINGS  
    ON THURSDAY MORNING June 6,2013 
    TITAN REPORTS Q1 2014 Financials 
    click to Equities Research Warnings on TITAN